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.
This property is $4.4M more than the Median Sold Price and $664/SqFt more than other homes in Cayucos, CA.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: CRMLS
MLS Number: #SC24035889
Listing Office:
Office Name: Ciano Real Estate, Inc.
Office Phone: (805) 748-1026
Listing Agent: Frankie Ciano
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. 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. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 4/28/2024, 12:55:19 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Listing History
DATE
EVENT
PRICE
Oct 12, 2021
Oct 12, 2021Home Sold
$1,510,000
Tax History
YEAR
PROP. TAX
ASSESSMENT
2021
$5,865
$262,667
2020
$6,694
$249,088
2019
$5,523
$244,205
2018
$5,524
$239,417
2017
$3,319
$234,723
History based on county public records data.
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NMLS#3030
Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
Middle School
9
/10
Cayucos Elementary School
301 Cayucos Dr
Distance between this listing and this school0.38 miles
Public District Grades KG-8
Nearby Schools
6
/10
Del Mar Elementary School
501 Sequoia St
Distance between this listing and this school4.27 miles
Public District Grades KG-5
5
/10
Baywood Elementary School
1330 9th St
Distance between this listing and this school9.13 miles
Public District Grades KG-5
8
/10
Monarch Grove Elementary School
348 Los Osos Valley Rd
Distance between this listing and this school9.69 miles
Public District Grades KG-5
Assigned Schools
9
/10
Cayucos Elementary School
301 Cayucos Dr
Distance between this listing and this school0.38 miles
Public District Grades KG-8
Nearby Schools
7
/10
Los Osos Middle School
1555 El Morro Ave
Distance between this listing and this school9.59 miles
Public District Grades 6-8
4
/10
Santa Lucia Middle School
2850 Schoolhouse Ln
Distance between this listing and this school12.60 miles
Public District Grades 6-8
Nearby Schools
7
/10
Morro Bay High School
235 Atascadero Rd
Distance between this listing and this school5.05 miles
Public District Grades 9-12
8
/10
Templeton High School
1200 S Main St
Distance between this listing and this school12.53 miles
Public District Grades 9-12
7
/10
Coast Union High School
2950 Santa Rosa Creek Rd
Distance between this listing and this school12.57 miles
The neighbors living near this home have an average income of $56,944. The majority of Cayucos, CA residents have income between $35k-100k annually. The most common type of family is single, no kids. The majority of residents in this area have post secondary degree education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 51 S Ocean Ave
What is the listing price of this property?
The listing price of 51 S Ocean Ave property is $5,800,000.
What type of property is this?
The property 51 S Ocean Ave is a house located in Cayucos, California, 93430.
Is this property for sale now?
Active Listing: 51 S Ocean Ave is For Sale (Active/New) which means the seller is accepting offers.
What are the assigned schools for this property?
The assigned schools for 51 S Ocean Ave are: Cayucos Elementary School: GreatSchools Rating 9/10
What is the annual property tax for this property?
According to the records, the last property tax for 2021 is $5,865 (source: MLS/based on county public records data).
When was this property sold last time and for how much?
The last sale was on October 12, 2021 for $1,510,000. (source: MLS/tax record).
How many bedrooms and bathrooms does this property have?
The property at 51 S Ocean Ave has 6 bedrooms and 7 bathrooms.
What is the square footage of this property?
The property 51 S Ocean Ave is 3,748 SqFt (source: MLS/tax record).
Which year was this property built?
The year of construction for 51 S Ocean Ave is 1938.
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This home is located at 51 S Ocean Ave in Cayucos, CA and zip code 93430. This 3,748 square foot home, which was built in 1938, sits on a 0.23 acre lot. Features: 6 bedrooms, 7 bathrooms. It has been listed on Rocket Homes since February 21, 2024 and is currently priced at $5,800,000.
While more than 0 listings in Cayucos, CA in March 2024 were sold above asking price, there were more than 0 listings sold at asking price, and more than 2 were sold below. The number of listings in Cayucos, CA increased by 9.5% between February 2024 and March 2024. In March 2024 median list price was $1,395,000 and the average listing age was 81 days.
From Rocket Homes Real Estate and based on county public records data.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. 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. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. 
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