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2440 Little Morro Creek, Morro Bay, CA 93442

$12.0M3bd · 2ba · 1,566 sqft
Lot 2,298 sqft•Single Family Residence•
Active
•167d on market•MLS# SN-26083575

Property Description

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.

Features & Amenities

FeeBuilt 2023

Property Details

Land Type
Fee
Year Built
2023
Property Type
Residential
Property Subtype
Single Family Residence
Parking Spaces
3
Garage Spaces
3
Heating
Central
Cooling
Central Air
View
Canyon, Hills, Meadow, Ocean, Panoramic, Pasture, River
Flooring
Wood
Roof
Shingle
City
Morro Bay
Zip Code
93442
County
San Luis Obispo
Listed byCalifornia Outdoor Properties, Todd W Renfrew

Mortgage Calculator

Current Rates

$
$
%
Monthly Payment
$60,678.53
Principal & Interest
Loan Amount
$9,600,000
Total Interest
$12,244,271
Total Payment Over 30 Years
$21,844,271
This calculator provides estimates only. Actual mortgage payments may include taxes, insurance, HOA fees, and PMI. Contact a lender for accurate quotes.

Comparative Market Analysis

Luxury Tier · 5 active · 5 closed

2440 Little Morro Creek, Morro Bay, CA 93442

Morro Bay · Single Family Residence

$12.0M
Luxury Tier
Beds
3
Baths
2
Sqft
1,566
Lot
2298.42 ac
Year
2023
$/Sqft
$7663
Pool: No✓
Spa: No✓
View: city✓
Garage: 3-car✓

Listed 1016.3% above the median closed sale of $1,075,000. Price per sqft ($7,663) is a 1072% premium to closed comps ($654). Luxury tier — fewer comparable sales widen the confidence range.

Price Position

Positioned above the market — commands a premium.

Premium
Subject listed at $12.00M· $7,663/sqft
Total list price
Closed comps
vs closed median $1.07M
+$10.93M (+1016.3%)
Active comps
vs active median $1.08M
+$10.91M (+1006.0%)
Price per sqft
Closed compsinsufficient comp data
Active comps
vs active avg $/sqft $674
+$7K (+1036.9%)

Active Properties (5)

Active Comparables

AddressCityYearBDBTHSqFtLotSzLP/SqFtLPDIMScore
2646 Koa AvenueMorro Bay1974331,4724,000$737$1.08M1462
2630 Maple AvenueMorro Bay1988332,0244,000$608$1.23M6556
580 Avalon StreetMorro Bay1996321,5252,800$622$949,0002650
2414 Main StreetMorro Bay2020331,6521,996$602$995,0003049
1378 BerwickMorro Bay1985321,4914,000$801$1.20M3749
Total: 5 · Average3.02.61,632.83,359.2$674$1.09M34.4
Median1,525$1.08M

Closed Properties (5)

Closed Comparables

AddressCityYearDateBDBTHSqFtLotSzLPSPSP/SqFtSP/LPDIMScore
2560 Koa AvenueMorro Bay198709/17/2026321,4284,000$1.20M$1.10M$7700.924472
929 MarinaMorro Bay199607/16/2026321,5805,560$950,000$950,000$6011.002865
670 Olive StreetMorro Bay194907/29/2026321,5245,663$995,000$1.10M$7221.112664
471 NevisMorro Bay201509/18/2026331,6822,400$1.07M$1.07M$6391.003264
541 Yerba Buena StreetMorro Bay199509/18/2026331,8753,119$1.10M$1.01M$5390.9212559
Total: 5 · Average3.02.41,617.84,148.4$1.05M$1.05M$654.2—51
Median1,580$1.07M$1.07M

Market Analysis

List vs Sale $/SqFt

Sale Price Trend

Days on Market

Sale vs List Price

AI-generated CMA

This analysis was generated automatically from MLS data. For an in-depth, human-reviewed valuation, contact Joseph Sardella at josephsardella@gmail.com.