331 Panay St, Morro Bay, CA 93442
OFF MARKET
Listed by Jessica Padilla, Compass California, Inc.-PB, (805) 779-7800 . Bought with BHGRE HAVEN PROPERTIES

331 Panay St
Morro Bay, CA 93442

  • 2 Beds
  • 1 Bath
  • 442 sqft

$566,200

Trulia Estimate
as of Jul 24, 2026
Est. Refi. Payment $3,446/mo*
Refinance Your Home

$566,200

Trulia Estimate
as of Jul 24, 2026
Est. Refi. Payment $3,446/mo*
Refinance Your Home
2 Beds
1 Bath
442 sqft

Local Information

  • Map ViewExplore the area around 331 Panay St.
  • Schools1 Elementary School1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

Home Highlights

Property Type
Single-Family Home
Year Built
1940
Living Area
442 sqft
Price/Sqft
$1,281
Parking
3 Parking Spaces
HOA
None

About this House

Incredible investment opportunity! Recently renovated beach bungalow with ocean views in highly desirable North Morro Bay. Perfect for an investment, beach home, or the starting point for a beautifully designed custom home. Included in the sale are renderings of a potential future 2BR / 2BA home (approx 1200 sf) with a garage, attached 700 sf ADU and rooftop deck - taking full advantage of ocean and hillside views.

Step inside to discover a thoughtfully updated interior, featuring renovated kitchen & bathroom with painted wood cabinets and beautiful epoxy countertops. The open layout creates a warm and inviting atmosphere, ideal for relaxation. Recent upgrades include all new: roof, windows & doors, electrical, plumbing, flooring, (3) wall heaters, paver patio, paver entry path, deck, gutters, patio cover, storage shed, interior & exterior paint.

Whether you're enjoying your morning coffee on the porch or hosting a gathering on the spacious patio, the outdoor spaces are designed to enhance your connection with nature. The fenced front and back yards offer privacy and ample space for gardening or future development.

For added convenience, the home includes two outdoor storage sheds (one is built to support a roof top deck - check with the city for potential ADU conversion), washer and dryer hookups, as well as on-site parking. This property truly embodies the essence of coastal living, offering a tranquil retreat just moments from the pristine beaches and vibrant heart of Morro Bay.

Don't miss the opportunity to make this charming house your new home or investment project. Experience the beauty and potential of 331 Panay today!

*All information deemed reliable but not guaranteed. Buyer to verify all information.
331 Panay St, Morro Bay, CA 93442 is a 2 bedroom, 1 bathroom, 442 sqft single-family home built in 1940. It last sold for $550,000 on Jun 16, 2025 (3% below the $565,000 asking price). It is currently off market. The Trulia Estimate is $566,200, with a rent estimate of $2,355/month.

Home Details for 331 Panay St

Interior Features

Interior Details
Number of Rooms: 2Types of Rooms: Bedroom, Bathroom
Beds & Baths
Number of Bedrooms: 2Main Level Bedrooms: 2Number of Bathrooms: 1Number of Bathrooms (full): 1Number of Bathrooms (main level): 1
Dimensions and Layout
Living Area: 442 Square Feet
Appliances & Utilities
Utilities: Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water ConnectedLaundry: Washer Hookup,Gas Dryer Hookup
Heating & Cooling
Heating: See Remarks,Wall FurnaceNo CoolingAir Conditioning: NoneHas HeatingHeating Fuel: See Remarks
Fireplace & Spa
Fireplace: NoneSpa: NoneNo FireplaceNo Spa
Gas & Electric
Electric: Electricity - On Property
Windows, Doors, Floors & Walls
Window: Double Pane WindowsFlooring: VinylCommon Walls: No Common Walls
Levels, Entrance, & Accessibility
Stories: 1Number of Stories: 1Levels: OneEntry Location: Front doorFloors: Vinyl
View
Has a ViewView: Mountain(s), Ocean

Exterior Features

Exterior Home Features
Patio / Porch: Deck, PorchOther Structures: Shed(s)No Private Pool
Parking & Garage
Open Parking Spaces: 3No GarageNo Attached GarageParking Spaces: 3Parking: Driveway
Pool
Pool: None
Frontage
Not on Waterfront
Water & Sewer
Sewer: Public Sewer
Surface & Elevation
Elevation Units: Feet

Days on Market

Cumulative Days on Market: 106

Property Information

Year Built
Year Built: 1940
Property Type / Style
Property Type: ResidentialProperty Subtype: Single Family ResidenceStructure Type: HouseArchitecture: Bungalow
Building
Not a New ConstructionNot Attached PropertyNo Additional Parcels
Property Information
Not Included in Sale: Potted plants, washer & dryerIncluded in Sale: Fridge, gas range, 8x8 metal shed in backyard, 8x15 wood shed in front yardParcel Number: 065051015

Price & Status

Price
List Price: $565,000
Status Change & Dates
Off Market Date: Thu May 15 2025

Active Status

MLS Status: Closed

Location

Direction & Address
City: Morro BayCommunity: North Morro Bay (820)
School Information
High School District: San Luis Coastal Unified

Community

Community Features: Biking, Dog Park, Foothills, Fishing, Golf, Hiking, ParkNot Senior Community

HOA

Association for this Listing: California Regional MLS

Lot Information

Lot Area: 2400 sqft

Listing Info

Special Conditions: Standard

Offer

Listing Terms: Cash to New Loan

Miscellaneous

Mls Number: PI25021064Living Area Range Units: Square FeetWater ViewWater View: OceanAttribution Contact: 805-769-8779Common Interest: NoneUniversal Property Id: US-06079-N-065051015-R-N

Additional Information

BikingDog ParkFoothillsFishingGolfHikingPark
Last check for updates: about 18 hours ago
Listed by Jessica Padilla DRE #02130559, (805) 769-8779
Compass California, Inc.-PB
Bought with: Trudy Burley-Glasspool DRE #00868774, (805) 772-4447, BHGRE HAVEN PROPERTIES
Originating MLS: California Regional MLS
Source: CRMLS, MLS#PI25021064

Price History for 331 Panay St

DatePriceEventSource
06/16/2025$550,000Sold
CRMLS #PI25021064
06/06/2025$565,000PendingCRMLS #PI25021064
05/16/2025$565,000ContingentCRMLS #PI25021064
05/02/2025$565,000PriceChange
CRMLS #PI25021064
04/02/2025$597,000PriceChange
CRMLS #PI25021064
03/07/2025$614,000PriceChange
CRMLS #PI25021064
01/29/2025$624,000Listed For SaleCRMLS #PI25021064
09/28/2023$435,000Sold
CRMLS #SC23132584
09/26/2023$475,000PendingCRMLS #SC23132584
08/28/2023$475,000ContingentCRMLS #SC23132584
07/25/2023$475,000Listed For SaleCRMLS #SC23132584
08/16/2012$176,000Sold
N/A
06/29/2012$188,000PriceChange
Agent Provided
06/07/2012$193,000Listed For SaleAgent Provided
11/14/2010$200,000ListingRemovedAgent Provided
09/24/2010$200,000Listed For SaleAgent Provided
05/02/2008$210,000Sold
N/A

Market trends in Morro Bay

Last updated June 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
—
Sale-to-List Price
—
Price per sq ft
—
Available listings
40
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Property Tax and Assessment

Year2025
Tax$4,891
Assessment$443,700
Home facts updated by county records

Comparable Sales for 331 Panay St

Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
408 Sicily St, Morro Bay, CA
0.08
Single-Family Home
$489,000
01/02/26
1
1
442
431 Nevis St, Morro Bay, CA
0.13
Single-Family Home
$680,000
01/06/26
2
1
952
440 Luzon St, Morro Bay, CA
0.22
Single-Family Home
$759,000
04/27/26
2
1
748
491 Luzon St, Morro Bay, CA
0.23
Single-Family Home
$690,000
02/10/26
2
1
840
3219 Tide Ave, Morro Bay, CA
0.08
Single-Family Home
$750,000
10/28/25
2
2
1,005
440 Panay St, Morro Bay, CA
0.10
Single-Family Home
$735,000
03/30/26
2
2
880
498 Orcas St, Morro Bay, CA
0.17
Single-Family Home
$536,500
03/26/26
2
2
1,854
350 Java St, Morro Bay, CA
0.25
Single-Family Home
$792,350
07/02/26
2
2
970
436 Zanzibar St, Morro Bay, CA
0.26
Single-Family Home
$770,000
12/19/25
2
2
1,133

Nearby homes

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Assigned Schools

These are the assigned schools for 331 Panay St.
View nearby schools on GreatSchools
The GreatSchools Rating compares schools on a variety of school quality indicators including test scores, college readiness, equity and more. Learn more.

What Locals Say about Morro Bay

At least 68 Trulia users voted on each feature.

  • 95 % Say it's dog friendly

  • 87 % Say people would walk alone at night

  • 81 % Say yards are well-kept

  • 81 % Say parking is easy

  • 76 % Say it's walkable to restaurants

  • 76 % Say car is needed

  • 73 % Say there's holiday spirit

  • 67 % Say it's walkable to grocery stores

  • 64 % Say it's quiet

  • 54 % Say they plan to stay for at least 5 years

  • 54 % Say neighbors are friendly

  • 52 % Say kids play outside

  • 50 % Say there's wildlife

  • 32 % Say there are sidewalks

  • 27 % Say streets are well-lit

  • 26 % Say there are community events

Sourced by Trulia users. Learn more about our methodology.
  • Bryson Plater
    "Farmers market, concerts, annual events happening on the Embarcadero, beach festivities, high school sports"
    0
    Flag
  • JT
    "Most employment is in nearby city of San Luis Obispo. My commute is approximately 15 minutes to work."
    0
    Flag
  • Debi
    "It is beautiful in Morro Bay, so naturally my neighbors are outside enjoying the weather and so am I. Very easy to meet neighbors walking by with their dogs. "
    0
    Flag
  • Donden2
    "Not much traffic and most dogs on leash. Most dogs also seem friendly and well trained and cared for."
    0
    Flag
  • Courtney P.
    "Lots of traffic in some areas and tourist. Schools are great and lots of activities to do with the children "
    0
    Flag
  • Breezy5110
    "There is a farmers market just down the street. It is small and only lasts for a few hours. There is a trolley during Christmas time that drives around and give stuffed animals and candy canes to all the kids."
    1
    Flag
  • Raymezz
    "Safe, quiet, and clean with that small town community feel. Great food, shopping and entertainment within walking distance."
    0
    Flag
  • Vonjoncircus
    "We have lots of hills, but the views are beautiful. There’s nothing not to like. Thank you and have a great day"
    7
    Flag
  • Trulia User
    "My commute is very easy and enjoyable. I have lived in the area all of my life and highly recommend it. Beautiful walking paths and lots of outdoor activities. It is a family friendly area."
    0
    Flag
  • Nackyann
    "Main Street is close to me and there are many places within walking distance to shop, etc. Also, there are state parks near by and lovely walking trails to explore."
    0
    Flag
  • Michelle Leicester Cadaret
    "I've lived in the Beach Trac for 10 years. Safe place to raise a family and the neighbours look out for each other."
    3
    Flag
  • Donden2
    "We walk to the store, movies, restaurants and the beach from our home. very safe place and nice neighbors."
    1
    Flag
  • Concertinab
    "We have lived in this area over 10 years. A great friendly neighborhood. The neighbors look out for each other. We have watched the little children grow up into fine young adults. It is a great place to live."
    1
    Flag
  • Joanne1091
    "It’s quiet and everyone knows everyone. We talk to each other and watch out for others belongings. We all co-operate in dog walking times and smile as we pass."
    0
    Flag
  • Rebrunning
    "People are outdoors walking and riding bikes. Many walking dogs. Everyone is friendly—they wave walking by or driving by. Sometimes we have neighborhood potlucks, such as on 4th of July. It’s common to have a friend or neighbor stop by to talk or have a glass of wine. It’s just very friendly and homey"
    1
    Flag
  • Concertinab
    "The neighbors are friendly and look out for each other. We live near the beach and enjoy the fresh sea breezes. "
    0
    Flag
  • Breanna
    "Everything is within walking distance and everything is nice and well kept. Very nice. I love this area."
    0
    Flag
  • Inapeartree
    "Everything is close by within walking distance. Unusually busy on the weekends with the influx of weekenders. Weather is always cool and tolerable even when hot inland. The area is very senior friendly. Great walking up and down the hills. "
    0
    Flag
  • Peterhendrix
    "morro bay is a great, homey beach town. prices are a little high but so is all of california. the city council has been a little more progressive than the past so some good things are afoot. "
    0
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Apartments for Rent

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Explore by feature - Pet Friendly

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Homes for sale near 331 Panay St

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Off Market Homes Near 331 Panay St

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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 2026-07-23 15:45:28 PDT 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