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455 Orcas, Morro Bay, CA 93442

$989K3bd · 2ba · 912 sqft
Lot 2,400 sqft•Single Family Residence•
Active
•185d on market•MLS# PI-26073281

Property Description

Enjoy the best of ocean view coastal living at 455 Orcas Street in beautiful Morro Bay. This two-story, two-car garage home is situated in a desirable neighborhood minutes from the ocean, Morro Rock, and the charming Embarcadero! Offering a functional layout, the home has been well maintained, blending classic coastal character with modern livability. Enjoy living spaces that create a warm and welcoming atmosphere, all while enjoying cool coastal breezes and ocean views. The kitchen opens to the main living area, making it ideal for both everyday living and entertaining. This home features 2 bedrooms and 1 bath upstairs as the main living area, and a separate 1-bedroom 1-bath living area downstairs that could accommodate guests or tenants, with privacy. The home offers flexibility for a variety of lifestyles, whether as a full-time residence, second home, or more specifically, an investment opportunity. Outdoor decking and backyard provide space to relax and enjoy the mild Central Coast climate, with potential for gardening, entertaining, or simply relaxing. Located near beaches, hiking trails, golf, and local shops and restaurants, this home offers convenient access to everything that makes Morro Bay such a special place to live, work, or retire. Seller financing may be available to a qualified buyer with an acceptable down payment and terms, subject to seller approval. Whether you’re looking for a primary residence, vacation getaway, or income property, this is a great opportunity to own a special piece of the Central Coast. Call your favorite realtor today for an exclusive showing!

Features & Amenities

FeeBuilt 1973

Property Details

Land Type
Fee
Year Built
1973
Property Type
Residential
Property Subtype
Single Family Residence
Parking Spaces
2
Garage Spaces
2
Cooling
None
View
Ocean
City
Morro Bay
Zip Code
93442
County
San Luis Obispo
Listed byFreedom 1 Realty, Julie Klein

Mortgage Calculator

Current Rates

$
$
%
Monthly Payment
$5,000.92
Principal & Interest
Loan Amount
$791,200
Total Interest
$1,009,132
Total Payment Over 30 Years
$1,800,332
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

Affordable Tier · 5 active · 5 closed

455 Orcas, Morro Bay, CA 93442

Morro Bay · Single Family Residence

$989K
Affordable Tier
Beds
3
Baths
2
Sqft
912
Lot
2,400 sqft
Year
1973
$/Sqft
$1084
Pool: No✓
View: water✓
Garage: 2-car✓

Listed 37.4% above the median closed sale of $720,000. Price per sqft ($1,084) is a 35% premium to closed comps ($801).

Price Position

Positioned above the market — commands a premium.

Premium
Subject listed at $989K· $1,084/sqft
Total list price
Closed comps
vs closed median $720K
+$269K (+37.4%)
Active comps
vs active median $849K
+$140K (+16.5%)
Price per sqft
Closed compsinsufficient comp data
Active comps
vs active avg $/sqft $821
+$263 (+32.1%)

Active Properties (5)

Active Comparables

AddressCityYearBDBTHSqFtLotSzLP/SqFtLPDIMScore
331 VashonMorro Bay1960218782,400$883$775,0001681
401 TahitiMorro Bay1962227203,000$1,146$824,9008077
941 MarinaMorro Bay1966321,2435,000$683$849,000374
912 Pacific StreetMorro Bay1957321,3525,000$655$885,0007568
2646 Koa AvenueMorro Bay1974331,4724,000$737$1.08M1468
Total: 5 · Average2.62.01,1333,880$820.8$883,78037.6
Median1,243$849,000

Closed Properties (5)

Closed Comparables

AddressCityYearDateBDBTHSqFtLotSzLPSPSP/SqFtSP/LPDIMScore
381 RennellMorro Bay197209/28/2026321,0352,400$809,000$795,000$7680.987788
431 Java StreetMorro Bay196309/21/2026227502,400$734,950$707,100$9430.9613982
2710 Elm AvenueMorro Bay197007/01/2026218544,000$739,000$715,000$8370.974780
369 DunbarMorro Bay197405/29/2026221,1284,600$749,900$720,000$6380.969977
350 JavaMorro Bay201207/02/2026229702,400$799,000$792,350$8170.994877
Total: 5 · Average2.21.8947.43,160$745,890$745,890$800.6—82
Median970$720,000$720,000

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.