2873 & 2871 Studio DR
Cayucos, CA, 93430
$2,899,000
Welcome to 2873 and 2971 Studio Drive, a rare luxury THREE UNIT coastal property on one of Cayucos’ most coveted streets, just steps from the sand. Situated on an oversized DOUBLE LOT, this exceptional offering consists of a legal duplex with one residence thoughtfully configured into two separate living spaces, creating three distinct residences in total. The property has been meticulously renovated throughout and delivers an impressive approximate $200,000 in gross annual rental income.
The main residence offers a modern four-bedroom, two-bathroom layout that is currently separated into upper and lower living areas, each with its own kitchen and private access, connected by an interior door when desired. This flexible design allows the home to function as a single expansive coastal residence or as two independent living spaces, ideal for maximizing income potential or accommodating extended family. The interiors are highlighted by fireplaces, sweeping ocean views, and an open, light-filled layout designed for both everyday comfort and refined coastal entertaining.
The second residence is a beautifully remodeled two-bedroom, one bathroom home featuring a gas fireplace and a private, resort-style backyard complete with a covered patio, tranquil water feature, and outdoor kitchen. This residence is perfectly suited for guest accommodations, multigenerational living, or premium rental use.
A rare THREE-CAR GARAGE provides additional parking and storage, a highly sought-after amenity in this prime beachside location. With BEACH ACCESS just steps from the front door, panoramic coastal views, turnkey condition, and exceptional layout flexibility, this property presents a unique opportunity to enjoy the ultimate California beach lifestyle while benefiting from strong, proven rental performance.
Live in one residence while generating income from the others, or create a stunning multigenerational coastal compound. Opportunities like this on Studio Drive are exceptionally rare and represent a compelling offering for buyers seeking luxury, versatility, and long-term value on the Central Coast.
The main residence offers a modern four-bedroom, two-bathroom layout that is currently separated into upper and lower living areas, each with its own kitchen and private access, connected by an interior door when desired. This flexible design allows the home to function as a single expansive coastal residence or as two independent living spaces, ideal for maximizing income potential or accommodating extended family. The interiors are highlighted by fireplaces, sweeping ocean views, and an open, light-filled layout designed for both everyday comfort and refined coastal entertaining.
The second residence is a beautifully remodeled two-bedroom, one bathroom home featuring a gas fireplace and a private, resort-style backyard complete with a covered patio, tranquil water feature, and outdoor kitchen. This residence is perfectly suited for guest accommodations, multigenerational living, or premium rental use.
A rare THREE-CAR GARAGE provides additional parking and storage, a highly sought-after amenity in this prime beachside location. With BEACH ACCESS just steps from the front door, panoramic coastal views, turnkey condition, and exceptional layout flexibility, this property presents a unique opportunity to enjoy the ultimate California beach lifestyle while benefiting from strong, proven rental performance.
Live in one residence while generating income from the others, or create a stunning multigenerational coastal compound. Opportunities like this on Studio Drive are exceptionally rare and represent a compelling offering for buyers seeking luxury, versatility, and long-term value on the Central Coast.
Current real estate data for Single Family in Cayucos as of Feb 13, 2026
34
Single Family Listed
110
Avg DOM
1,257
Avg $ / SqFt
$2,873,484
Avg List Price
Property Details
Price:
$2,899,000
MLS #:
PI26013165
Status:
Active
Beds:
6
Baths:
3
Type:
Single Family
Subtype:
Single Family Residence
Subdivision:
Strand 530
Neighborhood:
cayucayucos
Listed Date:
Feb 2, 2026
Finished Sq Ft:
2,772
Lot Size:
4,400 sqft / 0.10 acres (approx)
Year Built:
1957
Schools
School District:
Coast Unified
Interior
Appliances
DW, MW, RF, GO, GR, BIR, _6BS, HOD, VEF, WHU
Bathrooms
3 Full Bathrooms
Cooling
NO
Heating
CF
Laundry Features
IG
Exterior
Community Features
PSV, FISH, WATE, HIKI, BIKI
Exterior Features
LIT
Parking Spots
3
Financial
Map
Contact Us
Mortgage Calculator
Community
- Address2873 & 2871 Studio DR Cayucos CA
- SubdivisionStrand (530)
- CityCayucos
- CountySan Luis Obispo
- Zip Code93430
Subdivisions in Cayucos
Property Summary
- Located in the Strand (530) subdivision, 2873 & 2871 Studio DR Cayucos CA is a Single Family for sale in Cayucos, CA, 93430. It is listed for $2,899,000 and features 6 beds, 3 baths, and has approximately 2,772 square feet of living space, and was originally constructed in 1957. The current price per square foot is $1,046. The average price per square foot for Single Family listings in Cayucos is $1,257. The average listing price for Single Family in Cayucos is $2,873,484.
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Courtesy of Keller Williams Realty Central Coast. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than CornerStone Real Estate include the name of the listing broker. Neither the listing company nor CornerStone Real Estate shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2026. California Regional Multiple Listing Service. All rights reserved. 2873 & 2871 Studio DR
Cayucos, CA
