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430 Olive St, Morro Bay, CA 93442

List Price: $1,849,000On Market FlagOn market
May 15, 20252,800 sqft3 beds4 baths
Listed by: Lorraine Sterkel
License #: 00648760
Phone #: 805-772-5657
Horizon Realty & Property Mgt
Source:
CRMLS Logo
MLS #: SC25107871

Property Description

Coastal Retreat Backing Up to Cerrito Peak – Ocean Views & Prime Location! Enjoy the best of Morro Bay living in this stunning tri-level home with 3 bedrooms and 3 full baths and 1-¾ bathrooms, perfectly situated in the coveted Morro Heights neighborhood. This unique property backs up to scenic Cerrito Peak, offering a rare blend of privacy, nature, and spectacular ocean views. Inside, you'll find a spacious living room and comfortable family room, both with access to a large entertainer’s patio—ideal for soaking in sunsets or hosting guests. The kitchen features granite countertops, while wood and ceramic tile flooring runs throughout the home. Two of the bathrooms include oversized Jacuzzi tubs, and the home is enhanced by ceiling fans and abundant lighting, both indoors and out. Just a short walk to the Embarcadero and downtown Morro Bay, this home delivers coastal living at its finest, with nature as your backyard and the ocean as your view.
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Kevin Kretzmer
Kevin Kretzmer

Role: TurboHome Head Agent

Experience: 10 years

No. of Transactions: 227

“I specialize in helping clients find their dream home or next investment in California, focusing on residential and multi-family properties. My client-first approach, clear communication, and attention to detail ensure that everyone I work with receives exceptional service.”

TurboHome Fair Market Estimate

TurboHome

TurboHome Savings

$30,390

TurboHome Estimated Value

$1,937,500

$692 sqft

High Valuation
$2,034,375
$727/sqft
Normal Valuation
$1,937,500
$692/sqft
Low Valuation
$1,840,625
$657/sqft

3rd Party Estimates

Source$/sqftValuation
HouseCanary$692/sqft$1,937,500

Neighborhood: Morro Heights (810)

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Comparative Value

$1.20M

$1.48M

$1.60M

$1.76M

$1.85M

$2.51M

365 Arbutus Ave, Morro Bay, CA 93442

Sale Price: $1,200,000

Selected Comparable

437 Morro Cove Rd, Morro Bay, CA 93442

Sale Price: $1,476,000

Selected Comparable

775 Alta Ct, Morro Bay, CA 93442

Sale Price: $1,600,000

Selected Comparable

710 Ridgeway St, Morro Bay, CA 93442

Sale Price: $1,760,000

Selected Comparable

430 Olive St, Morro Bay, CA 93442

List Price: $1,849,000

Subject Property

290 Piney Ln, Morro Bay, CA 93442

Sale Price: $2,510,000

Selected Comparable

Neighborhood Comps

Subject Property

SUBJECT
430 Olive St, Morro Bay, CA 93442

430 Olive St, Morro Bay, CA 93442

List: $1,849,000

Listed: 5/15/2025

Area:2,800 sqft
Price/sqft:$660
Beds:3
Baths:4
Year Built:
Lot Size:8,948

Comparable Properties

COMPARABLE
Choose comps
290 Piney Ln, Morro Bay, CA 93442

290 Piney Ln, Morro Bay, CA 93442

Sale: $2,510,000

7/30/20250.24 mi

Area:2,701 sqft
Price/sqft:$929
Beds:3
Baths:3
Year Built:
Weight:22.2%
437 Morro Cove Rd, Morro Bay, CA 93442

437 Morro Cove Rd, Morro Bay, CA 93442

Sale: $1,476,000

6/6/20250.14 mi

Area:2,875 sqft
Price/sqft:$513
Beds:3
Baths:3
Year Built:
Weight:21.8%
710 Ridgeway St, Morro Bay, CA 93442

710 Ridgeway St, Morro Bay, CA 93442

Sale: $1,760,000

9/9/20240.20 mi

Area:2,971 sqft
Price/sqft:$592
Beds:3
Baths:3
Year Built:
Weight:19.1%
775 Alta Ct, Morro Bay, CA 93442

775 Alta Ct, Morro Bay, CA 93442

Sale: $1,600,000

2/18/20250.32 mi

Area:2,409 sqft
Price/sqft:$664
Beds:3
Baths:3
Year Built:
Weight:18.7%
365 Arbutus Ave, Morro Bay, CA 93442

365 Arbutus Ave, Morro Bay, CA 93442

Sale: $1,200,000

5/2/20250.44 mi

Area:2,298 sqft
Price/sqft:$522
Beds:3
Baths:3
Year Built:
Weight:18.3%

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