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51 S Ocean Ave Cayucos, CA, 93430
$5,800,000 Home for sale 6 beds 1 full + 6 half baths 3,748 sqft
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.
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Property details
3,748 sqft interior area
Property type
Home
Interior area
3,748 sqft
View
Ocean
Land area
10,018 sqft (0.23 acres)
Price per sqft
$1,547/sqft
Days on Verhouse
87
Address
51 S Ocean Ave, Cayucos, CA, 93430
City of California
Cayucos
County
San Luis Obispo
nr.of parking places
2
Style
Spanish
Stories
1
Year Built
1938
District
Listing
Stories
One Story
Open Houses
No upcoming open houses
Interior Features
2 parking places
Beds
6
Baths
1 full + 6 half
Stories
One Story
Parking
2
Garage & Parking
Detached, Other, RV Possible
Fireplaces
Living Room
Laundry Features
Other
Heathing & Cooling
None
Listed by
Frankie Ciano, Ciano Real Estate, Inc.
Name
Frankie Ciano
License number
01412309
Brokerage company
Ciano Real Estate, Inc.
MLS #
CRSC24035889
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Calculate your monthly payments
Mortgage
$17,808
Taxes
$0
HOA dues
$0
Mortgage
$1,160,000 / 20%
2.28%
30 years
Your amount
$17,808 / month
Exterior Features
Stucco construction and more
Utilities
Sewer Connected, Cable Available, Natural Gas Connected
Construction
Stucco
Pool
None
Yard
Other
Lot details
TMK #064125040
Lot Description
Corner Lot, Other
Parcel nr.
064125040
93430 info
Essentials nearby
Neighborhood stats
Walkability
Coffee shops
—
no data
Bus stop
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no data
Supermarket
—
no data
Costco
—
no data
Hospital
—
no data
Park
—
no data
Beach
—
no data
Elementary school
—
no data
Middle school
—
no data
High school
—
no data
Local airport
—
no data
People living in 93430
20%
Families with children
National average: 39%
44%
Non family households
4,702
Population
$97,405
Average Income
Age & gender
Median age 58 years
More info
Commute types
83% commute by car
More info
Education level
24% have college education
More info
Number of employees
20% work in education and healthcare
More info
Vehicles available
42% have 2 vehicle
More info
Vehicles by gender
42% have 2 vehicle
More info
Housing market insights for
$1.32m
Neighborhood average
sales price*
sales price*
$1.25m
Neighborhood median
sales price*
sales price*
19
Number
of sales*
of sales*
Housing type
82% are single detacheds
More info
Rooms
44% of the houses have 4 or 5 rooms
More info
Bedrooms
73% have 2 or 3 bedrooms
More info
Owners vs Renters
64% are owners
More info
14.83 / 20
Above Average
►
15-20
Most Walkable
10-15
Above Average
5-10
Below Average
1-5
Least Walkable
Walkability according to the National Walkability Index
ADU Accessory Dwelling Unit
Description
Standard, 530 sqft
Kitchen
Yes
Price history
New Listing Feb 21, 2024
| Date | Event | Price | $/sqft | Source |
|---|---|---|---|---|
| Feb 21, 2024 | New Listing | $5,800,000 | 1547.49 | MLS #CRSC24035889 |
| Feb 2, 2024 | New Listing | $5,800,000 -6.45% | 0 | MLS #CRSC24022652 |
| Nov 21, 2023 | Withdrawn | $6,200,000 | 1593.01 | MLS #CRSC23075585 |
| Nov 3, 2023 | For sale | $6,200,000 | 1593.01 | MLS #CRSC23075585 |
| Oct 24, 2023 | Unavailable | $6,200,000 | 0 | MLS #CRSC23075585 |
| May 23, 2023 | New Listing | $6,200,000 | 1593.01 | MLS #CRSC23075585 |
| May 23, 2023 | New Listing | $6,200,000 | 0 | MLS #CRSC23069805 |
| Nov 21, 2023 | Withdrawn | $6,200,000 | 0 | MLS #CRSC23069805 |
| Nov 2, 2023 | For sale | $6,200,000 | 0 | MLS #CRSC23069805 |
| Oct 24, 2023 | Unavailable | $6,200,000 | 0 | MLS #CRSC23069805 |
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Frequently Asked Questions about 51 S Ocean Ave
What is 51 S Ocean Ave?
51 S Ocean Ave, Cayucos, CA, 93430 is a single family home located in the city of Cayucos, California with zipcode 93430. This single family home has 6 bedrooms & 1 full bathroom + & 6 half bathrooms with an interior area of 3,748 sqft.
Which year was this home built?
This home was build in 1938.
What is the full address of this Home?
51 S Ocean Ave, Cayucos, CA, 93430.
Are grocery stores nearby?
The closest grocery stores are Spencer's Fresh Market, 4.67 miles away.
What is the neighborhood like?
The 93430 zip area has a population of 4,702, and 20% of the families have children. The median age is 58.42 years and 83% commute by car. The most popular housing type is "single detached" and 64% is owner.
Based on information from the bridgeMLS as of 05-18-2024. 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.
Listing last updated on: Feb 22, 2024
Verhouse Last checked 2 minutes ago
The closest grocery stores are Spencer's Fresh Market, 4.67 miles away.
The 93430 zip area has a population of 4,702, and 20% of the families have children. The median age is 58.42 years and 83% commute by car. The most popular housing type is "single detached" and 64% is owner.
*Neighborhood & street median sales price are calculated over sold properties over the last 6 months.
