2873 & 2871 Studio Dr, Cayucos, CA 93430
FOR SALE
Listed by CJ Hegney, NextHome Central Coast, (805) 773-7777

2873 & 2871 Studio Dr
Cayucos, CA 93430

  • 6 Beds
  • 3 Baths
  • 2,772 sqft

$2,499,000

Original price: $2,600,000
Est. Mortgage $14,824/mo*
Get Pre-Qualified

$2,499,000

Original price: $2,600,000
Est. Mortgage $14,824/mo*
Get Pre-Qualified
6 Beds
3 Baths
2,772 sqft

Local Information

Map showing home location
© Google
-- mins to
Commute Destination

Description

Welcome to 2873 and 2971 Studio Drive, a rare luxury THREE UNIT coastal property on one of Cayucos’ most coveted streets, just steps from the sand. Situated on an oversized DOUBLE LOT, this exceptional offering consists of a legal duplex with one residence thoughtfully configured into two separate living spaces, creating three distinct residences in total. The property has been meticulously renovated throughout and delivers an impressive approximate $200,000 in gross annual rental income.

The property has undergone significant updates in 2024/2025, including new appliances, new HVAC and wall heaters, new in-slab plumbing, new bathrooms, and updated electrical throughout the home, offering a truly turnkey coastal investment.

The main residence offers a modern four-bedroom, two-bathroom layout that is currently separated into upper and lower living areas, each with its own kitchen and private access, connected by an interior door when desired. This flexible design allows the home to function as a single expansive coastal residence or as two independent living spaces, ideal for maximizing income potential or accommodating extended family. The interiors are highlighted by fireplaces, sweeping ocean views, and an open, light-filled layout designed for both everyday comfort and refined coastal entertaining.

The second residence is a beautifully remodeled two-bedroom, one bathroom home featuring a gas fireplace and a private, resort-style backyard complete with a covered patio, tranquil water feature, and outdoor kitchen. This residence is perfectly suited for guest accommodations, multigenerational living, or premium rental use.

A rare THREE-CAR GARAGE provides additional parking and storage, a highly sought-after amenity in this prime beachside location. With BEACH ACCESS just steps from the front door, panoramic coastal views, turnkey condition, and exceptional layout flexibility, this property presents a unique opportunity to enjoy the ultimate California beach lifestyle while benefiting from strong, proven rental performance.

Live in one residence while generating income from the others, or create a stunning multigenerational coastal compound. Opportunities like this on Studio Drive are exceptionally rare and represent a compelling offering for buyers seeking luxury, versatility, and long-term value on the Central Coast.

Home Highlights

Parking
3 Car Garage
Outdoor
Porch, Patio, Deck
A/C
Heating only
HOA
None
Price/Sqft
$902
Listed
123 days ago

Home Details for 2873 & 2871 Studio Dr

Interior Features

Interior Details
Number of Rooms: 13Types of Rooms: Master Bedroom, Bedroom, Bathroom, Bonus Room, Dining Room, Entry Foyer, Family Room, Great Room, Kitchen, Living Room, Other
Beds & Baths
Number of Bedrooms: 6Main Level Bedrooms: 4Number of Bathrooms: 3Number of Bathrooms (full): 3Number of Bathrooms (main level): 2
Dimensions and Layout
Living Area: 2772 Square Feet
Appliances & Utilities
Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water ConnectedAppliances: 6 Burner Stove, Built-In Range, Dishwasher, Gas Oven, Gas Range, Microwave, Refrigerator, Range Hood, Vented Exhaust Fan, Water HeaterDishwasherLaundry: In GarageMicrowaveRefrigerator
Heating & Cooling
Heating: CentralNo CoolingAir Conditioning: NoneHas HeatingHeating Fuel: Central
Fireplace & Spa
Fireplace: Family Room, Gas, Guest Accommodations, Living RoomSpa: NoneHas a FireplaceNo Spa
Gas & Electric
Electric: Standard
Windows, Doors, Floors & Walls
Window: Drapes, ScreensCommon Walls: No Common Walls
Levels, Entrance, & Accessibility
Stories: 2Number of Stories: 2Levels: TwoEntry Location: FrontAccessibility: None
View
Has a ViewView: Bay, Coastline, Hills, Ocean, Panoramic, Rocks, Water

Exterior Features

Exterior Home Features
Patio / Porch: Covered, Deck, Patio, PorchFencing: VinylExterior: LightingFoundation: SlabNo Private Pool
Parking & Garage
Number of Garage Spaces: 3Number of Covered Spaces: 3Has a GarageHas an Attached GarageParking Spaces: 3Parking: Door-Multi,Garage Faces Front,Garage,Paved,Private
Pool
Pool: None
Frontage
Waterfront: Across the Road from Lake/Ocean, Ocean Side Of Freeway, Ocean Side Of HighwayRoad Frontage: City StreetRoad Surface Type: PavedNot on Waterfront
Water & Sewer
Sewer: Public Sewer
Surface & Elevation
Elevation Units: Feet

Days on Market

Cumulative Days on Market: 91Days on Market: 123

Property Information

Year Built
Year Built: 1957
Property Type / Style
Property Type: ResidentialProperty Subtype: Single Family ResidenceStructure Type: HouseArchitecture: House
Building
Not a New ConstructionNot Attached PropertyNo Additional Parcels
Property Information
Condition: Updated/Remodeled, TurnkeyParcel Number: 064272016

Price & Status

Price
List Price: $2,499,000Price Per Sqft: $902
Status Change & Dates
Possession Timing: Close Of Escrow, Negotiable

Active Status

MLS Status: Active

Location

Direction & Address
City: CayucosCommunity: Strand (530)
School Information
High School District: Coast Unified

Agent Information

Listing Agent
Listing ID: PI26013165

Community

Community Features: Biking, Fishing, Hiking, Preserve/Public Land, Water SportsNot Senior Community

HOA

Association for this Listing: California Regional MLSHOA Fee: No HOA Fee

Lot Information

Lot Area: 4400 sqft

Listing Info

Special Conditions: Standard

Offer

Contingencies: No contingencyListing Terms: Cash, Cash to Existing Loan, Cash to New Loan, Conventional, 1031 Exchange, FHA

Miscellaneous

Mls Number: PI26013165Living Area Range Units: Square FeetWater ViewWater View: Bay, Coastline, Ocean, WaterAttribution Contact: 925-314-5771Activation Date: Mon Feb 02 2026Common Interest: NoneStart Showing Date: Mon Feb 02 2026Universal Property Id: US-06079-N-064272016-R-N

Additional Information

BikingFishingHikingPreserve/Public LandWater SportsSource Internet Entire Listing Display
Last check for updates: about 15 hours ago
Listing Provided by: CJ Hegney DRE #02203414, (925) 314-5771
NextHome Central Coast
Originating MLS: California Regional MLS
Source: CRMLS, MLS#PI26013165
Also Listed on CRMLS, NextHome.

Market trends in Cayucos

Last updated April 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
—
Sale-to-List Price
—
Price per sq ft
—
Available listings
25
11MoM

Price History for 2873 & 2871 Studio Dr

DatePriceEventSource
05/04/2026$2,499,000PriceChange
CRMLS #PI26013165
03/14/2026$2,600,000PriceChange
CRMLS #PI26013165
02/19/2026$2,749,000PriceChange
CRMLS #PI26013165
02/02/2026$2,899,000Listed For SaleCRMLS #PI26013165

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Comparable Sales for 2873 & 2871 Studio Dr

Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
2900 Studio Dr, Cayucos, CA
0.03
Single-Family Home
$5,125,000
06/30/25
3
2.5
3,323
3129 Studio Dr, Cayucos, CA
0.14
Single-Family Home
$1,470,000
05/22/26
3
3
1,979
3086 Studio Dr, Cayucos, CA
0.09
Single-Family Home
$2,787,000
02/02/26
3
2
1,555
2758 Santa Barbara Ave, Cayucos, CA
0.20
Single-Family Home
$1,150,000
02/02/26
3
2
2,094
3352 Studio Dr, Cayucos, CA
0.37
Single-Family Home
$4,350,000
09/16/25
3
3
2,011
201 Old Creek Rd, Cayucos, CA
0.11
Single-Family Home
$822,800
09/02/25
3
2
1,572
2607 Richard Ave, Cayucos, CA
0.35
Single-Family Home
$1,230,000
09/29/25
3
4
2,394
2810 Santa Barbara Ave, Cayucos, CA
0.13
Single-Family Home
$1,071,500
05/15/26
2
2
1,409
3080 Studio Dr, Cayucos, CA
0.11
Single-Family Home
$1,638,600
07/09/25
2
2
1,208
3372 Shearer Ave, Cayucos, CA
0.40
Single-Family Home
$1,265,000
05/18/26
3
3
1,661

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Assigned Schools

These are the assigned schools for 2873 & 2871 Studio Dr.

What Locals Say about Cayucos

At least 14 Trulia users voted on each feature.

  • 100 % Say it's dog friendly

  • 91 % Say people would walk alone at night

  • 87 % Say car is needed

  • 77 % Say it's walkable to grocery stores

  • 70 % Say it's walkable to restaurants

  • 70 % Say parking is easy

  • 68 % Say yards are well-kept

  • 67 % Say there's holiday spirit

  • 60 % Say kids play outside

  • 56 % Say neighbors are friendly

  • 50 % Say it's quiet

  • 50 % Say they plan to stay for at least 5 years

  • 48 % Say streets are well-lit

  • 47 % Say there's wildlife

  • 35 % Say there are community events

  • 21 % Say there are sidewalks

Sourced by Trulia users. Learn more about our methodology.
  • Shareen S.
    "This is a safe neighborhood. Kids can ride bikes and play and be active even past dark like we did when we were kids. Granted, there is a lot of older folks, most of them are pretty nice people. I would say the only downfall would be the people who are from out of the area and they are renting a vacation home, have no respect for the local people. But children can be wild and free range living here in cayucos. "
    2
    Flag

LGBTQ Local Legal Protections

CJ Hegney, NextHome Central Coast
Agent Phone: (925) 314-5771
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. as of 2026-02-09 09:51:42 PST 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. Properties may or may not be listed by the office/agent presenting the information
2873 & 2871 Studio Dr, Cayucos, CA 93430 is a 6 bedroom, 3 bathroom, 2,772 sqft single-family home built in 1957. This property is currently available for sale and was listed by CRMLS on Feb 2, 2026. The MLS # for this home is MLS# PI26013165.