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245 Driftwood Street, Morro Bay, CA 93442

$1.7M4bd · 3ba · 2,674 sqft
Lot 4,519 sqft•Single Family Residence•
Active
•495d on market•MLS# NS-25124701

Property Description

Welcome to 245 Driftwood Street in the beautiful beach town of Morro Bay. This 4 bedroom, 2.5 bath home is close distance to the Embarcadero where you can shop, dine, wine taste, kayak and walk the beach to enjoy the beautiful view of the famous Morro Rock. This two-story home features tall ceilings, wood flooring and tile throughout, stainless steel appliances and landscaping all around. This Mediterranean style home is set back from the street providing extra privacy. The bottom bedroom has its own separate entrance and a covered patio. The great room is the perfect place to sit next to the fireplace and take in the views from the large windows. The kitchen is great for entertaining with its large granite center island, Dacor stove and custom cabinetry. Off the kitchen is one of two balconies where you can enjoy the sunshine and coastal breezes. The spacious master suite has a fireplace, balcony and a large bathroom complete with a walk-in shower, jacuzzi tub, dual sinks and a separate vanity with plenty of storage space. There is even a Stiltz Lift which is an alternative to using the stairs to the second story. You won't want to miss the opportunity to own a home close to the ocean in the charming town of Morro Bay!

Features & Amenities

FeeBuilt 2007

Property Details

Land Type
Fee
Year Built
2007
Property Type
Residential
Property Subtype
Single Family Residence
Parking Spaces
2
Garage Spaces
2
Heating
Fireplace(s), Forced Air
Cooling
None
View
Bay, Water
Flooring
Carpet, Stone, Tile, Wood
Roof
Tile
City
Morro Bay
Zip Code
93442
County
San Luis Obispo
Listed byPlatinum Properties, Carrie Schechter

Mortgage Calculator

Current Rates

$
$
%
Monthly Payment
$8,596.13
Principal & Interest
Loan Amount
$1,360,000
Total Interest
$1,734,605
Total Payment Over 30 Years
$3,094,605
This calculator provides estimates only. Actual mortgage payments may include taxes, insurance, HOA fees, and PMI. Contact a lender for accurate quotes.

Comparative Market Analysis

Luxury Tier · 5 active · 5 closed

245 Driftwood Street, Morro Bay, CA 93442

Morro Bay · Single Family Residence

$1.7M
Luxury Tier
Beds
4
Baths
3
Sqft
2,674
Lot
4,519 sqft
Year
2007
$/Sqft
$636
Pool: No✓
Spa: Yes✓
View: water✓
Garage: 2-car✓

Listed 5.1% above the median closed sale of $1,618,000. Price per sqft ($636) is a 10% premium to closed comps ($577). Luxury tier — fewer comparable sales widen the confidence range.

Price Position

Positioned above the market — commands a premium.

Premium
Subject listed at $1.70M· $636/sqft
Total list price
Closed comps
vs closed median $1.62M
+$82K (+5.1%)
Active comps
vs active median $1.45M
+$250K (+17.2%)
Price per sqft
Closed compsinsufficient comp data
Active comps
vs active avg $/sqft $645
−$9 (−1.3%)

Active Properties (5)

Active Comparables

AddressCityYearBDBTHSqFtLotSzLP/SqFtLPDIMScore
409 Tulare AvenueMorro Bay1952322,1325,000$680$1.45M3673
2500 MainMorro Bay2016662,7394,792$913$2.50M3660
2630 Maple AvenueMorro Bay1988332,0244,000$608$1.23M6560
482 Yerba Buena StreetMorro Bay2005632,2292,400$403$899,00017055
285 BradleyMorro Bay1965543,5529,874$619$2.20M8940
Total: 5 · Average4.63.62,535.25,213.2$644.6$1.66M79.2
Median2,229$1.45M

Closed Properties (5)

Closed Comparables

AddressCityYearDateBDBTHSqFtLotSzLPSPSP/SqFtSP/LPDIMScore
436 MorroMorro Bay200407/17/2026332,8754,413$1.90M$1.80M$6260.9512468
444 Kings AvenueMorro Bay199205/07/2026432,9045,000$1.90M$1.77M$6110.947066
2621 Maple AvenueMorro Bay200105/28/2026332,5084,000$1.37M$1.37M$5461.003764
2740 IronwoodMorro Bay197109/21/2026432,8165,760$1.40M$1.34M$4750.966863
2811 Juniper AvenueMorro Bay200109/02/2026432,5736,200$1.70M$1.62M$6290.957662
Total: 5 · Average3.63.02,735.25,074.6$1.58M$1.58M$577.4—75
Median2,816$1.62M$1.62M

Market Analysis

List vs Sale $/SqFt

Sale Price Trend

Days on Market

Sale vs List Price

AI-generated CMA

This analysis was generated automatically from MLS data. For an in-depth, human-reviewed valuation, contact Joseph Sardella at josephsardella@gmail.com.