490 Morro 5 Morro Bay, CA $ 549,000
490 Morro 5
$ 549,000
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490 Morro 5

Morro Bay, CA, 93442
$ 549,000
Bedrooms1 Baths1.0 Sq 530

Monthly Estimate*

$ 3,466

Listed by Home & Ranch Sotheby's Intl
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Condo for sale in Morro Bay, CA

for $549,000 with 1 bedroom and 1 full bath. This 530 square foot condo was built in 1978 on a lot size of 0.0122.

Set on the edge of the Embarcadero, this turnkey Morro Bay condo puts you just a one-minute walk from the waterfront and minutes from the best of Morro Bay. Step out to the front of the complex and take in beautiful views of Morro Rock, with Franklin Riley Park across the street, Tidelands Park and playground nearby, and easy access to the harbor, waterfront dining, coffee shops, art galleries, kayaking, paddleboarding, coastal trails, the Main Street Farmers Market, Morro Bay Golf Course, Morro Bay State Park, and the Museum of Natural History. Inside, this 1-bedroom end-unit condo is bright, inviting, and in excellent condition, with abundant natural light and peekaboo views of the bay and Black Hill. The living area features an electric fireplace, creating a comfortable place to unwind after a day by the water. The kitchen is well appointed with custom cabinetry, soft-close drawers, a large single-basin sink, and an Electrolux range with induction cooktop. The bedroom includes a walk-in closet, while the bathroom features a large walk-in shower and a stacked washer and dryer for everyday convenience. The condo also includes a designated covered carport directly below the unit, offering easy access, plus private storage space for beach gear, golf clubs, bikes, or weekend essentials. The HOA has been well managed, with recent exterior improvements including fresh paint, a new roof, new railings, and other updates throughout the property. Whether you’re looking for a low-maintenance coastal getaway, a convenient second home, or a quiet Morro Bay retreat to escape the heat of the valley or the pace of the city, this condo is ready to enjoy from day one.

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Condo Pending

Price

$ 549,000

Bedrooms

1

Full Bath

1

Property Type

Condo

Taxes

$ 0

Style

Lot Size

0.0122

Year Built

1978

Town/City

Morro Bay

County/Region

San Luis Obispo

MLS | Web ID

NS26112425

Days on Market

51

Features
General
Living Area 530
Sewer PublicSewer
Heating Radiant
Cooling None
Utilities CableAvailable ElectricityConnected PhoneAvailable SewerConnected WaterConnected
Possession ClosePlus3Days
Appliances ElectricRange Microwave Refrigerator WaterHeater
HOA Fee 350
Garage Spaces 0
Association Fee Includes EarthquakeInsurance
Pool Features None
Year Built 1978
View Bay Hills Neighborhood PeekABoo
Stories Count 1
Levels One
Unit Number 5
Property Subtype Condominium
Waterfront Features AcrossTheRoadFromLakeOcean OceanSideOfHighway
Community Features Biking Fishing Golf Hiking WaterSports
Assoc Fee Paid Per Monthly
County San Luis Obispo
New Construction false
Property Type Residential
Association Amenities MaintenanceGrounds Insurance Trash
HOA true
Subdivision Name Embarcadero(750)
Garage Y/N false
Full Baths 1
Special Listing Conditions Standard
Status Pending
Directions From Morro Bay Boulevard take Morrow Ave. south. Complex is on the left
City Morro Bay
Association Name Rusty Anchor Homeowners Association
Entry Location front
Senior Community Y/N false
High School District San Luis Coastal Unified
Number Of Units Total 1
MLS Area MRBY - Morro Bay
Lot Size Units SquareFeet
Lot Size Square Feet 530
Carport Spaces 1
Carport Y/N true
Listing Terms Cash CashToNewLoan
Spa Features None
Property Attached Y/N true
Land Lease Y/N false
Property Condition Turnkey
Additional Parcels Y/N false
Lease Considered Y/N false
Structure Type MultiFamily
Living Area Units SquareFeet
Standard Status Pending
Occupancy Type Owner
Year Built Source PublicRecords
Tax Lot A
Property Sub Type Additional Condominium
Expected Active Date 2026-05-28
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Interior
Interior Amenities PrimarySuite WalkInClosets
Fireplace Features Electric LivingRoom
Total Stories 1
Common Walls OneCommonWall
Air Conditioning Y/N false
Heating Y/N true
Window Features DoublePaneWindows
Fireplace Y/N true
Laundry Features Inside SeeRemarks
Total Bedrooms 1
Entry Level 2
Main Level Bedrooms 1
Main Level Bathrooms 1
Total Baths 1
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Exterior
Parking Features Assigned Carport Storage
Water Source Public
Total Parking 1
Lot Size Area 530
Spa false
Lot Size Acres 0.0122
Private Pool false
Lot Size Source Assessor
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* Excluded Features
List By
Home & Ranch Sotheby's Intl

Broker

ian.chandler@sothebysrealty.com

Email

Affordability Calculator

$3,466
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Monthly Principal & Interest
$3,466
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Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
5/23/2026$549,000 Listed Price

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490 Morro 5, Morro Bay, CA, 93442 is a Condo for sale at $549,000 with 530 sqft and a lot size of 0.0122. 490 Morro 5 has 1 bedrooms, 1.0 baths, and was built in 1978. The property's zip code is 93442 which is in Morro Bay, CA