Reduced over $200,000, this 7 bed coastal compound in Cayucos delivers a rare turnkey opportunity for multigenerational living and an elevated beach lifestyle just half a block from the sand. 31 and 33 North 3rd Street features two fully renovated detached homes on a 7,544 square foot lot, designed for flexibility, privacy, and effortless coastal living. Completely reimagined with high end finishes and cohesive design throughout, this property stands out as one of the most compelling offerings near the Cayucos shoreline. Entertain, host, and enjoy with one of the largest rooftop decks in the area, a 40 foot glass enclosed space designed to capture ocean views, including Morro Rock, and create a true indoor outdoor experience. The front residence at 31 North 3rd Street offers four bedrooms and three bathrooms and was taken approximately 80 percent down to the studs and rebuilt with new plumbing, electrical, heating, and major systems. The home features a new roof, new windows, new flooring, and a redesigned kitchen with Taj Mahal quartzite countertops, a Bosch appliance suite with dual fuel range, and a custom wine and coffee bar with wine refrigerator. Three newly built bathrooms and two laundry centers add comfort and convenience. Ocean views are enjoyed from the kitchen island, living and game room, and multiple outdoor spaces. The second residence at 33 North 3rd Street offers three bedrooms and one bathroom, fully renovated with a new kitchen featuring matte porcelain slab countertops, Master Craft cabinetry, and GE Profile appliances. Additional upgrades include a new bathroom, new windows, new flooring, updated plumbing and lighting, an attached garage with coated floor, private outdoor space, and a dedicated laundry center. Both homes benefit from new landscaping, irrigation, concrete hardscape, fencing, drainage improvements, sewer line scope and scrub, and Section One clearance, creating a truly turnkey experience. With separate utilities and strong layout flexibility, this property supports multigenerational living, guest accommodations, or income potential from either residence. Zoned residential and guest house may be eligible for potential short term rental and would need a Minor Use permit and approval with the County, subject to buyer verification with San Luis Obispo County.
Electricity Connected, Water Connected, Cable Connected, Natural Gas Connected, Sewer Connected
Door-Single, Garage Faces Front, Garage, Direct Access, Driveway, Driveway Level, Guest, Oversized, Paved, Private, RV Potential
Door-Single, Garage Faces Front, Garage, Direct Access, Driveway, Driveway Level, Guest, Oversized, Paved, Private, RV Potential
Neighborhood, Coastline, Ocean, Panoramic, Park/Greenbelt, Water
Across the Road from Lake/Ocean, Beach Access, Ocean Access, Ocean Side Of Freeway, Ocean Side Of Highway
Breakfast Bar, Separate/Formal Dining Room, Bedroom on Main Level, Eat-in Kitchen, In-Law Floorplan, Instant Hot Water, Living Room Deck Attached, Open Floorplan, Pantry, Primary Suite, Quartz Counters, Recessed Lighting, Stone Counters, Walk-In Closet(s), Walk-In Pantry
Dishwasher, Gas Range, Gas Water Heater, Dryer, Electric Oven, Electric Range, ENERGY STAR Qualified Appliances, Free-Standing Range, Gas Cooktop, Ice Maker, Microwave, Refrigerator, Self Cleaning Oven, Washer, Water To Refrigerator
Rectangular Lot, Back Yard, Drip Irrigation/Bubblers, Front Yard, Landscaped, Near Park, Street Level, TwoToFiveUnitsAcre, Yard
Atrium, Double Pane Windows, Screens
| Date | Details | Change |
|---|---|---|
| Status Changed from Active to Active Under Contract | – | |
| Price Reduced from $3,149,900 to $3,145,000 | ||
| Price Reduced from $3,249,900 to $3,149,900 | ||
| Price Reduced from $3,350,000 to $3,249,900 |
Kathy Scruton, Real Estate eBroker Inc..
Based on information from California Regional Multiple Listing Service, Inc. as of May 3rd, 2026 at 8:35pm PDT. 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.