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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. Located in one of Cayucos' most walkable beachside neighborhoods, enjoy close access to the sand, local dining, coastal trails, and the relaxed charm of this Central Coast destination. Zoned residential with potential short term rental eligibility for the guest home, subject to buyer verification with San Luis Obispo County.
| Last Updated | 1/27/2026 | Tract | Town of Cayucos(540) |
|---|---|---|---|
| Year Built | 1966 | Community | CAYU - Cayucos |
| Garage Spaces | 2.0 | County | San Luis Obispo |
Price History
| Prior to Sep 3, '25 | $3,350,000 |
|---|---|
| Sep 3, '25 - Sep 24, '25 | $3,249,900 |
| Sep 24, '25 - Jan 27, '26 | $3,149,900 |
| Jan 27, '26 - Today | $3,145,000 |
Additional Details
| AIR | None |
|---|---|
| APPLIANCES | Dishwasher, Dryer, Electric Oven, Electric Range, ENERGY STAR Qualified Appliances, Free-Standing Range, Gas Cooktop, Gas Range, Gas Water Heater, Ice Maker, Instant Hot Water, Microwave, Refrigerator, Self Cleaning Oven, Washer, Washer/Dryer Stacked |
| AREA | CAYU - Cayucos |
| CONSTRUCTION | Wood Siding |
| FIREPLACE | Yes |
| GARAGE | Attached Garage, Yes |
| HEAT | Central, Natural Gas |
| INTERIOR | Breakfast Bar, Eat-in Kitchen, In-Law Floorplan, Open Floorplan, Pantry, Recessed Lighting, Stone Counters, Walk-In Closet(s) |
| LOT | 7545 sq ft |
| LOT DESCRIPTION | Back Yard, Front Yard, Landscaped, Rectangular Lot |
| LOT DIMENSIONS | 7544 |
| PARKING | Attached, Direct Access, Driveway, Garage Faces Front, Garage, Guest, Oversized, Paved, Private |
| POOL DESCRIPTION | None |
| SEWER | Public Sewer |
| STORIES | One, Two |
| STYLE | Bungalow, Cottage, Custom |
| SUBDIVISION | Town of Cayucos(540) |
| UTILITIES | Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected |
| VIEW | Yes |
| VIEW DESCRIPTION | Park/Greenbelt, Neighborhood, Ocean, Panoramic, Water |
| WATER | Public |
| WATERFRONT DESCRIPTION | Beach Access, Ocean Access |
Location
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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 4/1/26 2:23 PM 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
This IDX solution is (c) Diverse Solutions 2026.
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