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  • 457 Piney Way

457 Piney Way, Morro Bay, CA 93442

$2,995,000 Approx. USD 0 beds, 0 baths
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Photo of Thomas Van

Thomas Van REALTOR® - Sales Associate 619-726-9832 m
Lic#: 02077006
NRDS ID: 196577555
ThomasVan@bhhscal.com Text Me
Call My Cell
Lic#: 02077006
NRDS ID: 196577555
ThomasVan@bhhscal.com San Diego Central Office
2355 Northside Drive, Suite 180
San Diego, CA 92108
Phone: 619-294-3113
Fax: 619-521-0100
 San Diego Central 2355 Northside Drive, Suite 180
San Diego, CA 92108
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Fax: 619-521-0100
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Listing Agent


Sheri D'Amico | sheri@pasopremier.com
Lic#: 01924542
Broker: Courtesy of BHGRE Haven Properties
Phone: 805-206-6328

Co Listing Agent


Tim Harris | THarrisre@gmail.com
Lic#: 02219627
Broker: Courtesy of BHGRE Haven Properties
Phone: 805-400-7560

Agent Remarks

CONSTRUCTION COMPLETE & FULLY OCCUPIED! PRICED BELOW APPRAISED VALUE! Rare opportunity to own a newly constructed four-unit coastal property just minutes from Main Street, downtown Morro Bay, and the waterfront. This turnkey property combines modern coastal living with excellent income-producing potential. Demonstrating strong rental demand, all four residences were fully leased within just seven days of being offered for rent. The property features a two-story duplex with spacious 3BR/2.5BA residences of approximately 1,768 sq ft and 1,654 sq ft. Both offer open-concept kitchen, dining, and living areas, second-story balconies with partial coastal views, and attached two-car garages. Quality finishes include quartz countertops, Milgard dual-pane windows, soft-close cabinetry and drawers, and contemporary kitchens with clean coastal styling. Two detached 1BR/1BA ADUs, approximately 526 sq ft each, provide additional rental income. Both feature second-story balconies, with one enjoying partial ocean views from the bedroom and deck. Each of the four residences is separately addressed and metered for electricity and water and includes owned solar and an individual fire sprinkler system reporting directly to the fire department. With all four units currently tenant occupied, this completed property offers immediate rental income and a unique opportunity to own a versatile, newly built investment property in one of the Central Coast’s most desirable coastal communities.

Listing Details

Property type: Duplex (Multi-Family)
Status: Active
MLS# NS26203103
Price: $2,995,000
HOA Fee is $0.00
Beds: 0
Baths: 0
None fireplaces
Built in 2026
2 stories
0.14 acres
Lot size: 0.1446
Subdivision: Morro Heights (810)
County: San Luis Obispo
Construction: Stucco
Interior features: Ceiling Fan(s),High Ceilings,Quartz Counters
Appliances: Dishwasher,Electric Oven,Electric Range,Electric Water Heater,Refrigerator
Parking description: Garage Faces Front
Lot description: TwoToFiveUnitsAcre
Heating/cooling: Electric,ENERGY STAR Qualified Equipment
Heating description: Electric
MLS area: MRBY - Morro Bay

Last Updated: 10/22/2026

 Days On Market (DOM): 20

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This listing belongs to the MRBY - Morro Bay MLS area

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Lat/Long: 35.361031, -120.845585.
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DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or its applicability to your financial situation. Please consult your financial and/or tax advisor. GET PRE-APPROVED The loan's interest rate will depend upon the specific characteristics of the loan transaction and credit profile up to the time of closing.

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Photo of Thomas Van

Thomas Van REALTOR® - Sales Associate 619-726-9832 m
Lic#: 02077006
NRDS ID: 196577555
ThomasVan@bhhscal.com Text Me
Call My Cell
Lic#: 02077006
NRDS ID: 196577555
ThomasVan@bhhscal.com
San Diego Central Office
2355 Northside Drive, Suite 180
San Diego, CA 92108
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