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Reduced over $200,000, this 7 bed coastal compound in Cayucos delivers a rare turnkey opportunity for multigenerational living and an elevated beach lifestyle just half a block from the sand. 31 and 33 North 3rd Street features two fully renovated detached homes on a 7,544 square foot lot, designed for flexibility, privacy, and effortless coastal living. Completely reimagined with high end finishes and cohesive design throughout, this property stands out as one of the most compelling offerings near the Cayucos shoreline. Entertain, host, and enjoy with one of the largest rooftop decks in the area, a 40 foot glass enclosed space designed to capture ocean views, including Morro Rock, and create a true indoor outdoor experience. The front residence at 31 North 3rd Street offers four bedrooms and three bathrooms and was taken approximately 80 percent down to the studs and rebuilt with new plumbing, electrical, heating, and major systems. The home features a new roof, new windows, new flooring, and a redesigned kitchen with Taj Mahal quartzite countertops, a Bosch appliance suite with dual fuel range, and a custom wine and coffee bar with wine refrigerator. Three newly built bathrooms and two laundry centers add comfort and convenience. Ocean views are enjoyed from the kitchen island, living and game room, and multiple outdoor spaces. The second residence at 33 North 3rd Street offers three bedrooms and one bathroom, fully renovated with a new kitchen featuring matte porcelain slab countertops, Master Craft cabinetry, and GE Profile appliances. Additional upgrades include a new bathroom, new windows, new flooring, updated plumbing and lighting, an attached garage with coated floor, private outdoor space, and a dedicated laundry center. Both homes benefit from new landscaping, irrigation, concrete hardscape, fencing, drainage improvements, sewer line scope and scrub, and Section One clearance, creating a truly turnkey experience. With separate utilities and strong layout flexibility, this property supports multigenerational living, guest accommodations, or income potential from either residence. Zoned residential and guest house may be eligible for potential short term rental and would need a Minor Use permit and approval with the County, subject to buyer verification with San Luis Obispo County.
Property Type(s):
Single Family
| Last Updated | 4/14/2026 | Tract | Town of Cayucos(540) |
|---|---|---|---|
| Year Built | 1966 | Community | CAYU - Cayucos |
| Garage Spaces | 2.0 | County | San Luis Obispo |
Price History
| Prior to Sep 3, '25 | $3,350,000 |
|---|---|
| Sep 3, '25 - Sep 24, '25 | $3,249,900 |
| Sep 24, '25 - Jan 27, '26 | $3,149,900 |
| Jan 27, '26 - Today | $3,145,000 |
Additional Details
| AIR | None |
|---|---|
| APPLIANCES | Dishwasher, Dryer, Electric Oven, Electric Range, ENERGY STAR Qualified Appliances, Free-Standing Range, Gas Cooktop, Gas Range, Gas Water Heater, Ice Maker, Instant Hot Water, Microwave, Refrigerator, Self Cleaning Oven, Washer, Washer/Dryer Stacked |
| AREA | CAYU - Cayucos |
| CONSTRUCTION | Wood Siding |
| FIREPLACE | Yes |
| GARAGE | Attached Garage, Yes |
| HEAT | Central, Natural Gas |
| INTERIOR | Breakfast Bar, Eat-in Kitchen, In-Law Floorplan, Open Floorplan, Pantry, Recessed Lighting, Stone Counters, Walk-In Closet(s) |
| LOT | 7545 sq ft |
| LOT DESCRIPTION | Back Yard, Front Yard, Landscaped, Rectangular Lot |
| LOT DIMENSIONS | 7544 |
| PARKING | Attached, Direct Access, Driveway, Garage Faces Front, Garage, Guest, Oversized, Paved, Private |
| POOL DESCRIPTION | None |
| SEWER | Public Sewer |
| STORIES | One, Two |
| STYLE | Bungalow, Cottage, Custom |
| SUBDIVISION | Town of Cayucos(540) |
| UTILITIES | Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected |
| VIEW | Yes |
| VIEW DESCRIPTION | Park/Greenbelt, Neighborhood, Ocean, Panoramic, Water |
| WATER | Public |
| WATERFRONT DESCRIPTION | Beach Access, Ocean Access |
Location
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Listed with Real Estate eBroker Inc.
The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CSMAR and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
This IDX solution is (c) Diverse Solutions 2026.
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