NOT LISTED FOR SALE

Estimated Value: $2,690,949 - $3,262,000

3 Beds
2.5 Baths
2,784 Sq Ft
$1,075/Sq Ft Est. Value

Last Sold June 21, 2024

Last sale price $3,000,000 $1,078 Per Sq Ft

Current estimated payment $16,765/month

41 Days on Market

Highlights

  • White Water Ocean Views
  • Parking available for a boat
  • Fishing
  • Property has ocean access
  • Golf Course Community
  • Primary Bedroom Suite

About This Home

As of June 2024

Introducing your dream coastal escape nestled on Studio Drive in the charming town of Cayucos! This remarkable 2784 sqft 3-bedroom, 3-bathroom haven occupies one of two legal parcels, offering an exquisite fusion of tranquility, opulence, and sweeping ocean vistas. Step into a world of refined elegance as you explore the thoughtfully crafted layout, boasting a split-level design that seamlessly connects the living areas. The lower level graciously hosts all bedrooms, while the upper level bathes in natural light through expansive arched windows, illuminating the living room, dining, and kitchen. Indulge in unparalleled views of the coastline, Morro Rock, rolling hills, Cayucos Pier, and the mesmerizing white-capped waves from nearly every vantage point. Embrace the coastal breeze and bask in the sun on any of the multiple decks encircling the home, or ascend to the rooftop deck for a breathtaking 360-degree panorama. Inside, discover a sanctuary of comfort and style, featuring a cozy fireplace, plank tile flooring, and lavish carpeting throughout. The gourmet kitchen is a culinary enthusiast's delight, boasting granite countertops, a gas cooktop, double ovens, stainless steel appliances, and an adjoining bar area with not one, but two wine and beverage refrigerators. Retreat to the master suite, where luxury awaits with a generously sized walk-in closet, dual basin vanity, jetted tub, separate shower, and a discreet water closet for added privacy. While the second legal parcel holds the promise of accommodating a second home, it presently serves as expansive yard space, providing additional off-street or RV parking, faux turf for environmentally conscious water usage, and secluded privacy amidst professionally landscaped gardens, complete with two sheds for storing beach essentials. The fully finished garage is a haven for entertainment aficionados, featuring climate-controlled mini split, insulated doors, sleek epoxy floors, a pool table, and an arcade game for endless amusement. For those embracing the remote work lifestyle, a separate office with an external entrance provides a tranquil haven for productivity. Whether seeking a vacation retreat or a permanent coastal sanctuary, you will find every detail is meticulously designed for comfort and enjoyment. Experience the allure of coastal living with this unparalleled Cayucos gem, where luxury seamlessly intertwines with functionality, promising a lifestyle of endless relaxation and fulfillment.

Last Agent to Sell the Property

Frankie Ciano

Ciano Real Estate, Inc. Brokerage Phone: 805-748-1026 License #01412309 Listed on: 04/20/2024

Last Buyer's Agent

Dale Kaiser

Dale Kaiser Real Estate License #01297036

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1997

Lot Details

  • 5,434 Sq Ft Lot
  • Wood Fence
  • Landscaped
  • Corner Lot
  • Private Yard
  • Lawn
  • 064412002
  • Property is zoned RSF

Parking

  • 2 Car Direct Access Garage
  • Oversized Parking
  • Parking Available
  • Front Facing Garage
  • Garage Door Opener
  • Gravel Driveway
  • Parking Lot
  • Off-Street Parking
  • Parking available for a boat
  • RV Access or Parking

Property Views

  • White Water Ocean
  • Coastline
  • Views of a pier
  • Panoramic
  • Views of a landmark
  • Mountain
  • Hills

Home Design

  • Custom Home
  • Cape Cod Architecture
  • Entry on the 1st floor
  • Turnkey
  • Slab Foundation
  • Composition Roof

Interior Spaces

  • 2,784 Sq Ft Home
  • 2-Story Property
  • Open Floorplan
  • Wet Bar
  • High Ceiling
  • Ceiling Fan
  • Recessed Lighting
  • Gas Fireplace
  • Insulated Windows
  • Custom Window Coverings
  • Sliding Doors
  • Formal Entry
  • Family Room Off Kitchen
  • Living Room with Fireplace
  • Living Room with Attached Deck
  • Living Room Balcony
  • Home Office
  • Bonus Room

Kitchen

  • Open to Family Room
  • Breakfast Bar
  • Gas Cooktop
  • Dishwasher
  • Kitchen Island
  • Granite Countertops

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms | 2 Main Level Bedrooms
  • All Bedrooms Down
  • Primary Bedroom Suite
  • Walk-In Closet
  • Bathroom on Main Level
  • Tile Bathroom Countertop
  • Dual Vanity Sinks in Primary Bathroom
  • Private Water Closet
  • Hydromassage or Jetted Bathtub
  • Bathtub with Shower
  • Separate Shower

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

  • Security Lights
  • Fire and Smoke Detector

Outdoor Features

  • Property has ocean access
  • Beach Access
  • Ocean Side of Highway 1
  • Concrete Porch or Patio
  • Exterior Lighting
  • Rooftop Access
  • Shed
  • Rain Gutters

Location

  • Across the Road from Lake or Ocean

Schools

  • Morro Bay High School

Utilities

  • Forced Air Heating System
  • Natural Gas Connected
  • Cable TV Available

Listing and Financial Details

  • Legal Lot and Block 3 / 52
  • Tax Tract Number 3
  • Assessor Parcel Number 064412018

Community Details

Overview

  • No Home Owners Association
  • Strand Subdivision
  • Foothills
  • Property is near a preserve or public land

Recreation

  • Golf Course Community
  • Fishing
  • Dog Park
  • Water Sports
  • Hiking Trails
  • Bike Trail

Home Details

Home Type

Single Family

Year Built

Built in 1997

Lot Details

0

Parking

2

Listing Details

  • Structure Type: House
  • Assessments: Yes
  • Property Attached: No
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Security: Security Lights, Smoke Detector(s)
  • Subdivision Name Other: Strand (530)
  • View: Yes
  • Zoning: RSF
  • Architectural Style: Cape Cod, Custom Built
  • Property Condition: Turnkey
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 064412018
  • Year Built: 1997
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 2784.00 Square Feet
  • Interior Amenities: Ceiling Fan(s), Granite Counters, High Ceilings, Living Room Balcony, Living Room Deck Attached, Open Floorplan, Pantry, Recessed Lighting, Wet Bar
  • Stories: 2
  • Common Walls: No Common Walls
  • Flooring: Carpet, Tile
  • Appliances: Yes
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Door Features: Sliding Doors
  • Eating Area: Breakfast Counter / Bar
  • Entry Level: 1
  • Fireplace Features: Living Room, Gas
  • Levels: Two
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 2
  • Price Per Square Foot: 1077.59
  • Room Type: All Bedrooms Down, Bonus Room, Entry, Family Room, Formal Entry, Kitchen, Laundry, Living Room, Main Floor Bedroom, Primary Bathroom, Primary Bedroom, Primary Suite, Office, Separate Family Room, Walk-In Closet
  • Window Features: Custom Covering, Insulated Windows
  • Bathroom Features: Bathtub, Shower In Tub, Double Sinks In Primary Bath, Jetted Tub, Main Floor Full Bath, Privacy Toilet Door, Separate Tub And Shower, Soaking Tub, Tile Counters
  • Room Kitchen Features: Granite Counters, Kitchen Island, Kitchen Open To Family Room

Exterior Features

  • Patio: Yes
  • Foundation: Slab
  • Other Structures: Shed(s), Storage
  • Exterior Features: Lighting, Rain Gutters
  • View: Coastline, Hills, Landmark, Mountain(s), Ocean, Panoramic, Pier, Water, White Water
  • Fence: Yes
  • Fencing: Wood
  • Patio And Porch Features: Concrete, Deck, Roof Top
  • Pool Private: No
  • Roof: Composition
  • Spa: No

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Boat, Direct Garage Access, Driveway, Asphalt, Concrete, Gravel, Paved, Garage, Garage Faces Front, Garage Door Opener, Off Street, On Site, Oversized, Parking Space, Private, RV Access/Parking
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Gas Cooktop, Refrigerator
  • Heating Type: Fireplace(s), Forced Air
  • Laundry Features: Dryer Included, Gas Dryer Hookup, Individual Room, Inside, Washer Hookup, Washer Included
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Biking, Dog Park, Fishing, Foothills, Golf, Hiking, Watersports, Preserve/Public Land

Schools

  • High School: Morro Bay
  • High School2: MORRB

Lot Info

  • Additional Parcels: Yes
  • Additional Parcels Description: 064412002
  • Land Lease: No
  • Lot Features: Corner Lot, Landscaped, Lawn, Yard
  • Lot Size Sq Ft: 5434.00
  • Lot Size Acres: 0.1247
  • Latitude Manual: 35.42747400

Multi Family

  • Lease Considered: No
  • Lot Size Area: 5434.0000 Square Feet
  • Number Of Units Total: 1
  • Waterfront Features: Across the Road from Lake/Ocean, Beach Access, Ocean Access, Ocean Side Of Highway 1

Tax Info

  • Tax Block: 52
  • Tax Census Tract: 105.04
  • Tax Lot: 3
  • Tax Tract Number: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 20, 2024
Closed on
Jun 11, 2024
Sold by
Richard S Hansen Living Trust and Hansen Richard S
Bought by
Race Leasing Lp
Seller's Agent
Frankie Ciano
Ciano Real Estate, Inc.
Buyer's Agent
Dale Kaiser
Dale Kaiser Real Estate
List Price
$2,999,000
Sold Price
$3,000,000
Premium/Discount to List
$1,000
0.03%
Views
34
Current Estimated Value
$2,992,737

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$7,263
Avg. Annual Appreciation
-0.15%

Purchase Details

Listed on
Oct 17, 2011
Closed on
Jun 28, 2012
Sold by
Groppetti Donald J and Groppetti Shelly K
Bought by
Hansen Richard S and Richard S Hansen Living Trust
Seller's Agent
Lee Anne Fisher
Compass
Buyer's Agent
Dale Kaiser
Dale Kaiser Real Estate
List Price
$1,225,000
Sold Price
$1,050,000
Premium/Discount to List
-$175,000
-14.29%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.16%

Purchase Details

Closed on
Jan 31, 2011
Sold by
Groppetti Donald and Groppetti Shelly
Bought by
Groppetti Donald J and Groppetti Shelly K

Purchase Details

Closed on
Jun 20, 1998
Sold by
3376 Garfield
Bought by
Groppetti Donald and Groppetti Shelly

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$420,000
Interest Rate
6.93%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Race Leasing Lp $3,000,000 First American Title
Hansen Richard S $1,050,000 Fidelity National Title Co
Groppetti Donald J -- None Available
Groppetti Donald $525,000 Chicago Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Groppetti Donald $420,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/21/2024 06/21/24 Sold $3,000,000 0.0% $1,078 / Sq Ft
04/20/2024 04/20/24 For Sale $2,999,000 +185.6% $1,077 / Sq Ft
07/03/2012 07/03/12 Sold $1,050,000 -14.3% $377 / Sq Ft View Prior Sale
06/25/2012 06/25/12 Pending -- -- --
10/17/2011 10/17/11 For Sale $1,225,000 -- $440 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $13,393 $2,601,000 $1,606,500 $994,500
2024 $13,250 $1,267,639 $784,729 $482,910
2023 $13,250 $1,242,785 $769,343 $473,442
2022 $13,027 $1,218,417 $754,258 $464,159
2021 $12,849 $1,194,527 $739,469 $455,058
2020 $12,713 $1,182,279 $731,887 $450,392
2019 $12,464 $1,159,098 $717,537 $441,561
2018 $12,219 $1,136,371 $703,468 $432,903
2017 $11,977 $1,114,090 $689,675 $424,415
2016 $11,742 $1,092,246 $676,152 $416,094
2015 $11,642 $1,075,840 $665,996 $409,844
2014 $11,230 $1,054,767 $652,951 $401,816
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SC24059937

California Regional Multiple Listing Service (CRMLS)

APN: 064-412-018