998 Balboa Street
Morro Bay, CA, 93442
$1,069,000
Endless Possibilities in Morro Heights! This expansive corner lot offers exceptional versatility with two separate homes on a spacious 9,400 sq. ft. lot. The primary residence features 2 bedrooms and 1 bathroom, while the secondary unit is a 1 bedroom, 1 bathroom—perfect for rental income, extended family, or a private guest retreat. Located in desirable Morro Heights, you''re just blocks away from Morro Bay''s historic downtown, charming shops, restaurants, and the stunning Morro Bay State Park. Whether you''re looking to build your dream home with a detached rental unit, renovate and maximize rental income, or explore adding a third unit (buyer to verify with the City of Morro Bay),this property offers a rare opportunity in a neighborhood evolving toward the future.
Current real estate data for Single Family in Morro Bay as of Aug 14, 2025
41
Single Family Listed
117
Avg DOM
850
Avg $ / SqFt
$1,807,094
Avg List Price
Property Details
Price:
$1,069,000
MLS #:
SC25108161
Status:
Active Under Contract
Beds:
3
Baths:
2
Type:
Single Family
Subtype:
Single Family Residence
Subdivision:
Morro Heights 810
Neighborhood:
mrbymorrobay
Listed Date:
May 16, 2025
Finished Sq Ft:
896
Lot Size:
9,583 sqft / 0.22 acres (approx)
Year Built:
1949
Schools
School District:
San Luis Coastal Unified
Interior
Appliances
Gas & Electric Range, Gas Water Heater, Water Heater
Cooling
None
Fireplace Features
None
Flooring
Carpet, Laminate
Interior Features
Formica Counters
Exterior
Community Features
Biking, Fishing, Golf, Hiking, Park, Watersports, Street Lights
Fencing
Fair Condition, Wood
Foundation Details
Raised
Garage Spaces
2.00
Lot Features
Back Yard, Corner Lot, Front Yard, Gentle Sloping, Lot 6500-9999, Park Nearby, Sprinklers None, Utilities – Overhead
Parking Features
Driveway – Combination, Garage Faces Front, Garage – Two Door, Parking Space, R V Access/ Parking
Parking Spots
2.00
Pool Features
None
Roof
Composition, Rolled/ Hot Mop
Security Features
Carbon Monoxide Detector(s), Smoke Detector(s)
Sewer
Public Sewer
Spa Features
None
Stories Total
1
View
Hills, Ocean
Water Source
Public
Financial
Association Fee
0.00
Utilities
Cable Available, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Map
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Community
- Address998 Balboa Street Morro Bay CA
- NeighborhoodMRBY – Morro Bay
- SubdivisionMorro Heights (810)
- CityMorro Bay
- CountySan Luis Obispo
- Zip Code93442
Subdivisions in Morro Bay
- Beach Tract730
- Cloisters740
- Embarcadero750
- Highway 41770
- Morro Creek Rd 790
- Morro del Mar800
- Morro Heights 810
- North Morro Bay 820
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Property Summary
- Located in the Morro Heights (810) subdivision, 998 Balboa Street Morro Bay CA is a Single Family for sale in Morro Bay, CA, 93442. It is listed for $1,069,000 and features 3 beds, 2 baths, and has approximately 896 square feet of living space, and was originally constructed in 1949. The current price per square foot is $1,193. The average price per square foot for Single Family listings in Morro Bay is $850. The average listing price for Single Family in Morro Bay is $1,807,094.
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Courtesy of BHGRE HAVEN PROPERTIES. 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 2025. California Regional Multiple Listing Service. All rights reserved. 998 Balboa Street
Morro Bay, CA
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