See other homes in:
Primary listing photo
Listing photo 2
Listing photo 3
Listing photo 4
Listing photo 5

479 Orcas St, Morro Bay, CA, 93442

0beds
1baths
550sqft
$599,000
$1,089price/sqft
$4,067/moest. monthly cost
$162,680/yrincome needed

About This Home

Offered for the first time since it was built in 1964, this Morro Bay property has been owned by the same family for more than six decades. Originally constructed by the seller's father, the home reflects a simpler era of coastal living. Situated on a 2,200 square foot lot, the approximately 550 square foot residence is compact yet functional, featuring an open living area, kitchen, full bathroom, and a separated sleeping space. The current bedroom area is divided by a partition wall, offering privacy while maintaining an open feel, with potential for a more traditional bedroom configuration if desired. Ocean views can be enjoyed from the south-facing windows and front yard, creating a relaxing coastal atmosphere just minutes from everything Morro Bay has to offer. Two storage sheds in the backyard provide additional space for tools, hobbies, or recreational equipment. Whether you're looking for a cozy coastal retreat, a weekend getaway, an investment opportunity, or a property with future development potential, this offering deserves a closer look. Buyers are encouraged to investigate building and development possibilities directly with the City of Morro Bay and to verify all property information, including square footage, lot size, zoning, permitted uses, development potential, and condition of improvements to their satisfaction. Properties with this kind of character, ocean views, and future potential rarely come available. Bring your vision and imagine the possibilities.

Getting Around

32
WalkingCar-Dependent
0
TransitVery Limited Transit
24
BikeSomewhat Bikeable

Schools

6/10
8/10
Los Osos Middle SchoolGrades 6-85.9 mi
8/10
Morro Bay High SchoolGrades 9-121.4 mi

Construction

Condition

  • Property condition: Fixer
  • Year built: 1964

Materials

  • Foundation: Slab
  • Roof: See Remarks

Type & Style

  • Home type: SingleFamily
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: Gas Oven,Refrigerator,Water Heater
  • Laundry features: Washer Hookup,Inside,In Kitchen,See Remarks

Bathroom

  • Features: Tub Shower

Bedroom

  • Features: All Bedrooms Down

Bedrooms & Bathrooms

  • Bathrooms: 1
  • Full bathrooms: 1
  • Main level bathrooms: 1
  • Main level bedrooms: 1

Features

  • All Bedrooms Down
  • Flooring: Carpet,Laminate
  • Fireplace features: None
  • Common walls with other units/homes: No Common Walls

Heating & Cooling

  • Heating features: Wall Furnace
  • Cooling features: None

Interior Area

  • Total interior livable area: 550 sqft

Property

Accessibility

  • Accessibility features: None

Details

  • Parcel number: 065056027
  • Special condition: Standard,Trust

Features

  • Levels: One
  • Stories: 1
  • Entry location: 1
  • Pool features: None
  • Patio & porch: None
  • Spa features: None
  • Has view: Yes
  • View description: Hills,Ocean
  • Has water view: Yes
  • Water view: Ocean

Lot

  • Lot size: 2,200 sqft
  • Features: 0-1 Unit/Acre,Back Yard

Parking

  • Parking features: Concrete,Driveway

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Earthquake
    EarthquakeModerate
  • Inland Flooding
    Inland FloodingModerate
  • Tsunami
    TsunamiModerate
  • Wildfire
    WildfireModerate

How This Home’s Risks Compare

Earthquake
Inland Flooding
Tsunami
Wildfire

FEMA Declared Disasters in San Luis Obispo County and California

Earthquake
Flood
Mud Landslide
Severe Ice Storm
Severe Storm
Snowstorm
Straight Line Winds
Tornado
Tropical Storm
Winter Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $3,028$36,336
Home Insurance *$87$1,044
Property Taxes $554$6,648
Electricity $398$4,786
Total$4,067$48,804
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$139,440/yr
40% on housing$122,010/yr
45% on housing$108,453/yr

California FAIR Plan Programs

California FAIR Plan Association

Covered
WildfireWildfire
Visit Website →
Current Policies
Residential: 417,310Commercial: 13,990
Total Premiums$1.42B
Total Exposure$429.84B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 8.7%
8.7%
0%30.0%
Electricity Growth Rate10-year average: 4.3%
4.3%
0%15.0%
Property Taxes Growth Rate2-year average: -0.1%
-0.1%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$1,089This listing

vs Other Active Listings

Avg $/sqft

ZIP 93442$451
San Luis Obispo County$560

vs Homes Sold Last Month

Median $/sqft

ZIP 93442$654
San Luis Obispo County$522

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-06-27Price change$599,000
2026-06-09Listed for sale$625,000

For Sale by Agent

AgentKelly Marple
BrokerageHorizon Realty & Property Mgt

Similar Homes