51 Ocean Avenue

Cayucos, CA 93430

$5,800,000

Listed Price
6

bed Beds

7

shower Baths

3,748 sqft

straighten $1,547 / sqft

1938

calendar_month Built

Property Description

Legacy, Opportunity, and Functionality; a Spanish Mediterranean style property that has it all. Zoned commercial, residential, and hospitality, the possibilities are rich. Situated a block from the heart of beautiful downtown Cayucos, this prime corner property includes a completely renovated 3 bedroom, 2 bathroom main residence with basement. Adjacent to the main house is a free standing 2 car garage with a 1 bedroom guest suite above that is slated for redesign. Included in the sale is a boutique motel with options for 2 suites with full kitchens, or 4 separate units if desired. The motel, modernized while capturing the classic feel, was the first to operate in Cayucos in the 1930's and features a small office. There are 5 parking spaces on site as well as 2 private spaces accessed from Pacific Street. Within 500 feet of the beautiful sandy beaches, this downtown parcel consists of 4 underlying lots, opening up the possibility of additional development. With a population of nearly 3,000, Cayucos is one of the most idyllic places to live in California and this is a rare opportunity to own an iconic beach town property with ocean views. Established short term rental business/hospitality designation offers a variety of options for the new owner.

Interior Features

Bedroom Information
Bedrooms 6
Bathroom Information
Bathrooms 7
Fireplace Information
Features Living Room
Interior Information
Cooling Type None

Listing Information

Address 51 Ocean Avenue
City Cayucos
State CA
Zip 93430
County San Luis Obispo
Listing Agent Frankie Ciano DRE#01412309
Courtesy Of Ciano Real Estate, Inc.
MLS SC24035889
List Price $5,800,000
Status Active
Type Residential
Subtype Single Family Residence
Structure Size 3,748
Lot Size 10,019
Year Built 1938
DOM 1

Exterior Information

Other Structures
Structures Guest House Detached
Features Covered, Front Porch
View Yes

Maps

Listing information courtesy of: Frankie Ciano, Ciano Real Estate, Inc. . *Based on information from the Association of REALTORS/Multiple Listing as of Feb 22nd, 2024 at 6:41 AM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.