Morro Bay Estates Homes for Sale

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Newest Morro Bay Estates Homes for Sale

$2,750,000

PI26134619 MLS ⋅ Active Status ⋅ The Lodge BLDG.

8,000± SF Event Center on Highway 41 — For Sale at $2,750,000 ($343.75/SF) Sale Terms & Flexible Financing Seller financing available — own with favorable terms and without conventional bank financing Lease-to-own / lease option structures are available for qualified buyers. Flexible, creative deal structures Morro Bay's most distinctive gathering spaces at an exceptional price, just $343.75 per square foot — Freestanding event center on 2.9 acres offers turnkey space at a fraction of replacement cost and well below typical improved-commercial pricing on California's Central Coast. Located just minutes from the beach, downtown Morro Bay. The main hall occupant load of up to 573 standing, 409 in auditorium seating, or 191 seated at tables — A separate Family Room seats up to 50, and the floor plan includes a commercial-style kitchen, stage, restrooms, office, and on-site storage, plus a flexible ±2,400 SF wing. A standout amenity: on-site overnight RV parking is permitted for lodge events (ZON2024-01154) — a rare feature allowing multi-day gatherings to stay on-site. Major Recent Improvements The current ownership has invested significantly in the property, delivering a turnkey building with major systems and curb appeal already addressed: New asphalt, New landscaping, Fresh exterior paint, and new windows. While proven as a wedding and banquet venue, SLO County approved for broad slate of permitted uses, widening the field of potential owner-operators well beyond traditional event hosting: Meetings, conferences, and community gatherings Weddings, parties, and catered events Auctions and periodic sales Dances, musical performances, stage plays, and movie showings Fashion shows, art festivals, and collector shows Fundraisers, political meetings, and polling place use Religious and cultural events, funerals, and memorials Distribution center and storage use Private membership club activities and emergency shelter use Owner-occupant events or hospitality business, a church or congregation, an auction house, a performing-arts or fitness/dance operation, a training provider, a nonprofit, or a membership organization. Buyers should confirm their intended use with the County. Value-Add Potential: The parcel includes existing mobile home/RV spaces recognized as a legacy use; any expanded RV or camping operation would be subject to SLO County permitting, offering a savvy buyer a path to additional upside beyond the core event-center business.

1338 Atascadero Road, Morro Bay

$2,100,000

6 Beds ⋅ 6 Baths ⋅ PI26110066 MLS ⋅ Active Status

Tucked among the trees just 5 minutes from town, this extraordinary 10.87 +/- acre retreat blends thoughtful design, peaceful luxury, and the magic of Central Coast living. With sweeping Morro Valley and orchard views from every window, most evenings are accompanied by the distant sound of ocean surf. Designed with intention at every turn, this nearly 4,842 +/- sq.ft residence was crafted to comfortably accommodate every stage of life. An elevator connects all five levels, creating seamless accessibility throughout the home while expansive living spaces invite both quiet relaxation and large-scale entertaining. The lower level features a mudroom, laundry room, steam shower bath, and durable stained concrete flooring; ideal after orchard walks or beach days. Level two includes a spacious family room with kitchenette, granite countertops, cork flooring, two bedrooms, a bathroom, and an office or optional bedroom—perfect for guests, multigenerational living, supplemental living opportunities, recreation, or remote work. The third level offers 3 bedrooms, 2 bathrooms, a full kitchen, fireplace, and a covered deck overlooking the creek. Reclaimed wood from vintage maraschino cherry vats adds rich history and charm to the private deck, staircase, and cupola. The fourth level primary residence showcases exposed beams, hardwood and cork floors, a dramatic cupola for natural airflow, wraparound fireplace seating, and a beautifully appointed kitchen with high-end appliances and granite countertops. The en-suite presents a spa-like retreat with a jacuzzi tub, walk-in shower, and walk-in closet. The fifth level is a rooftop deck with panoramic views. Outside, enjoy an avocado orchard, fruit trees, 4-car garage with extended 10' workshop space, 13.2kWh solar system, 20kW backup generator, two wells, advanced septic system, and high-speed internet. Near the front of the property, a retention basin provides important groundwater recharge and offers exciting potential for an amphitheater, gathering space, or garden. Private, peaceful, and endlessly inviting, this one-of-a-kind treehouse escape is more than a home, it's an experience.

1301 Little Morro Creek Road, Morro Bay

$12,000,000

3 Beds ⋅ 2 Baths ⋅ SN26083575 MLS ⋅ Active Status

Set just 3.5 miles from the Pacific Ocean near Morro Bay, CA, the remarkable 2,298 ± acre Little Morro Creek Ranch embodies the pioneering spirit of California’s Central Coast, where sweeping landscapes meet a rich sense of history. Early settlers traveling west arrived here at what once felt like the very edge of the world and, in doing so, defined California as a place of opportunity and new beginnings. That legacy still lingers in the land today, carried in its open expanses and endless horizons. Rising across the skyline are the iconic Nine Sisters, a chain of ancient volcanic peaks that shape the region’s identity. From Morro Rock at the coastline to the inland summits, these landmarks create a dramatic and unmistakable backdrop. The ranch’s diverse terrain supports abundant wildlife and offers exceptional outdoor recreation, including hunting, horseback riding, hiking, or simply exploring the wide-open landscape. Several highly productive developed springs, seasonal creeks, and small reservoirs enhance both the natural beauty and water resources of the property. Designed for both function and longevity, Little Morro Creek Ranch can support approximately 150–200 cow-calf pairs year-round, depending on rainfall. The ranch borders National Forest along its northern and eastern boundaries. 60 ± acres of fertile Class II soils offer ample planting opportunities. The well-equipped and well-maintained headquarters features a manufactured caretaker home with a detached shop, domestic wells, a recently improved barn with power and lighting, a large equipment shed, pipe corrals, a hydraulic squeeze chute, outbuildings, cross and perimeter fencing. The property is also enrolled in the Williamson Act, supporting its long-term agricultural use and stewardship. A rare offering along California’s storied Central Coast, this ranch represents both a connection to the past and an opportunity for the future. With its blend of natural beauty, productive capacity, and enduring legacy near Morro Bay, it stands as a ranch of uncommon scale and character.

2440 Little Morro Creek, Morro Bay

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Based on information from California Regional Multiple Listing Service, Inc. as of . This information 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. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.