2481 Nutmeg Avenue
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39 PhotosProperty Description
Rare opportunity to own a Morro Bay property with panoramic ocean views of Morro Rock. The main home features 3 bedrooms and 3 bathrooms and is a fixer-upper, offering an exciting opportunity to create your dream coastal residence. The property also includes an attached 1-bedroom, 1-bath ADU in excellent condition.
The ADU provides the perfect place to live comfortably while renovations are completed on the main home, or can be used for guests, extended family, or potential rental income. Enjoy breathtaking coastal scenery, beautiful sunsets, and sweeping Pacific Ocean views from this exceptional location. With its combination of incredible views, flexible living arrangements, and renovation potential, this property offers a unique opportunity to create something truly special in Morro Bay.
Basic / Listing Information
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Interior
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Parking
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Ownership / Other Listing Details
Local & Market Information
Property & Market Context
This 4-bedroom, 4-bath Morro Bay single-family home offers 1,788 sq ft of living area on a 4,000 sq ft lot.
For context, its current list price of $799,000 is about 16% below the 2026 year-to-date through October 9, 2026 median closed single-family home price of $950,000 in Morro Bay.
Built in 1987, the home is approximately 39 years old, compared with a median home age of 53 years for closed single-family homes in Morro Bay during the same period.
Local Market Tidbit
Through October 9, 2026, 69% of closed single-family homes in Morro Bay reported an ocean view, ranking Morro Bay 3rd among 14 SLO County communities.
The information in this section is independently compiled or calculated by SLO County Homes and is not provided by the listing broker or CRMLS. Market comparisons use saved SLO County Homes statistics for the period shown and are for general informational purposes only.
IDX Information
Based on information from CRMLS as of October 3, 2026 at 8:37 AM PDT.
The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
All information is deemed reliable but is not guaranteed and should be independently reviewed and verified for accuracy. Property information is supplied by the listing broker and/or other sources and may be subject to errors, omissions, or changes without notice.
Properties displayed on this website may be listed by a real estate brokerage other than SLO County Homes.