470 Las Vegas St, Morro Bay, CA, 93442
About This Home
Major Price Improvement. Now Offered at $895,000! An incredible opportunity to own in beautiful Morro Bay with breathtaking views of iconic Morro Rock and the Pacific Ocean. This 3 bedroom, 2 bathroom coastal home offers 1,566 square feet of living space on a 4,626 square foot lot and is ready for its next owner to bring their vision and make it their own. Enjoy morning coffee from the wrap around porch while taking in the coastal scenery or unwind in the evenings with sunset views overlooking the ocean. Located just minutes from the beach, restaurants and everything Morro Bay has to offer, this home provides the opportunity to enjoy the charm, beauty and relaxed lifestyle that make this coastal community so special. Inside, the home features a functional layout with natural light, inviting living spaces and plenty of potential for someone looking to update and personalize a property near the coast. Whether you are looking for a full-time residence, weekend beach getaway or coastal retreat, this property offers an incredible setting near the ocean. The backyard provides plenty of space for entertaining, relaxing or enjoying the fresh coastal air. A rare added bonus is the side yard parking area with room for an RV or boat and full hookups including water, electric and sewer. Bring the boat, RV or beach toys and enjoy the convenience of having everything ready at home. With panoramic views of Morro Rock and the Pacific Ocean, a wrap around porch, spacious backyard and valuable RV or boat parking, this home represents an exceptional opportunity at its new $895,000 price. If you have been waiting for the right opportunity in Morro Bay, this is one you will want to see.
Getting Around
Somewhat Walkable
Very Limited Transit
BikeableSchools
Construction
Condition
- Year built: 1986
Materials
- Foundation: Slab
- Roof: Asphalt
- Construction materials: Wood Siding
Type & Style
- Home type: SingleFamily
- Architectural style: Cottage
- Property subType: Residential,Single Family Residence
Interior
Appliances
- Appliances included: Electric Cooktop,Refrigerator,Range/Oven,Microwave,Gas Water Heater
- Laundry features: In Garage
Bathroom
- Features: Shower Over Tub
Bedroom
- Features: Multi-Level Bedroom
- Level: Main
Bedrooms & Bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
Features
- Cathedral-Vaulted Ceilings,Open Floorplan,Turnkey,Breakfast Area,Dining Area,Eat-in Kitchen
- Flooring: Carpet,Wood Laminate
- Number of fireplaces: 1
- Fireplace features: Living Room
- Fireplace: Yes
Heating & Cooling
- Heating features: Fireplace(s),Forced Air
- Cooling features: Ceiling Fan(s)
Interior Area
- Total structure area: 1,566
- Total interior livable area: 1,566 sqft
Kitchen
- Features: Open to Family Room,Counter Top
Property
Details
- Parcel number: 068333011
- Zoning: R1
- Special condition: Standard
Features
- Levels: Two
- Stories: 2
- Entry location: Main Level
- Pool features: None
- Exterior features: Balcony
- Spa features: None
- Fencing: Wood,Fenced Yard,Fenced
- Has view: Yes
- View description: Rocks,Ocean,Water
- Has water view: Yes
- Water view: Ocean,Water
- Waterfront features: None
Lot
- Lot size: 4,626 sqft
- Features: Back Yard,Yard
Parking
- Total spaces: 2
- Parking features: Garage - 2 Car,Concrete,RV Hook-Ups,RV Possible,On Street
- Has garage: Yes
- Attached garage spaces: 2
- Covered spaces: 2
- Has uncovered spaces: Yes
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
- Inland Flooding
- Earthquake
- Wildfire
How This Home’s Risks Compare
FEMA Declared Disasters in San Luis Obispo County and California
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
| Monthly | Annual | |
|---|---|---|
| Mortgage | $4,930 | $59,160 |
| Home Insurance * | $141 | $1,692 |
| Property Taxes | $893 | $10,716 |
| Electricity | $398 | $4,786 |
| Total | $6,362 | $76,344 |
Income You'd Need if You Spent...
California FAIR Plan Programs
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.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-08-16 | Price change | $895,000 |
| 2026-07-20 | Price change | $975,000 |
| 2026-07-06 | Price change | $999,999 |
| 2026-06-18 | Listed for sale | $1,025,000 |
| 2023-06-09 | Listing removed | -- |
| 2023-04-11 | Price change | $999,000 |
| 2023-03-30 | Price change | $1,055,000 |
| 2023-02-27 | Listed for sale | $1,075,000 |
| 2018-07-31 | Sold | $608,500 |
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