Morro Bay Homes under $1.25 million

Welcome to Morro Bay, California—a coastal gem nestled in the heart of San Luis Obispo County. Known for its stunning natural beauty, Morro Bay is a paradise for outdoor enthusiasts and nature lovers alike. With its iconic Morro Rock standing sentinel over the bay, this charming seaside town offers a unique blend of small-town warmth and vibrant coastal culture.

Morro Bay boasts a rich marine ecosystem, making it a haven for birdwatchers, kayakers, and fishermen. The picturesque waterfront is lined with quaint shops, delightful restaurants, and bustling farmers' markets, where you can savor the freshest local produce and catch of the day. Whether you're strolling along the scenic Embarcadero or enjoying a sunset picnic at Morro Bay State Park, the town's laid-back vibe invites you to unwind and embrace the coastal lifestyle.

For those seeking a home in this idyllic setting, Morro Bay offers an impressive selection of properties under $1.25 million. From charming beach cottages to modern homes with stunning ocean views, there’s something to suit every taste and budget. Imagine waking up to the sound of waves and the sight of dolphins playing in the surf, all from the comfort of your own home.

With a strong sense of community, excellent schools, and an abundance of recreational activities, Morro Bay is not just a place to live—it's a lifestyle. Explore the opportunities available in this enchanting coastal town and discover why Morro Bay is the perfect place to call home. Your dream coastal retreat awaits!

Newest Morro Bay Homes under $1.25 million

901 Morro Bay Blvd #15 Unit 15, Morro Bay

$249,900

2 Beds ⋅ 1 Baths ⋅ PI26210496 MLS ⋅ Active Status

Here is your chance to own a completely remodeled home from 2020-2021, torn all the way down to the subfloor. This 2 bedroom, 1 bath home in the Morro Palms Mobile Lodge has everything you will need to make this a perfect primary home, or wonderful beach house getaway. The rooms good size with their own closet and built-in shelves. the bathroom offering a walking shower The following upgrades include, ABS and PEX plumbing, 2X4 studwalls that are layered with 1/2 inch sheetrock with the walls insulated with RIS insulation. With the basewalls stemming from home subfloor. 3/1/2 inch Colorado baseboards run throughout the home. The kitchen is completely remodeled with real wood cabinets and stainless steel appliances and soft close doors. All new electric in the home as well. The was ripped down to create a pitch for better run off and avoid water pooling, with a roll on roof that is to last up to 50 year since it's installation in 2021 with R38 insulation in the roof. New aluminum gutters with downspouts. T1-11 Siding is wrapped around the outside, creating durability and strong resistance to outside elements. Dual pane windows are installed throughout the home, a mix of Anderson and Milgard windows. All the work done with the proper permits pulled with the city. Extra amenities include premium grade redwood decks in the front and side, a Heat and AC split unit (the insulation in the home keeps it cool when cool and warm when warm), extra steel reinforcement underneath the home, a coat closet that has hook ups from in house laundry, extra LED lighting, and solid core doors for ultimate quiet living and privacy. Just a few blocks away from the water, and amongst some of the finest eateries and shops Morro Bay has to offer, all while offering convenient access back on and off the highway to make commuting to and from the home an ease.

901 Morro Bay Blvd #15 Unit 15, Morro Bay

$1,085,000

3 Beds ⋅ 3 Baths ⋅ SC26208456 MLS ⋅ Active Status

Stunning Morro Bay View Home, Experience coastal living at its finest in this beautifully appointed home offering 3 bedrooms, 3 bathrooms, and Multiple bonus rooms---perfect for flexible living, a home office, guest space, or additional recreation area. Designed for comfort and functionality, the home also features plenty of storage throughout, so you can stay organized with ease. Step outside to enjoy the spacious front deck, ideal for morning coffee, sunsets and entertaining, all while taking in breathtaking views of Morro Bay Rock, the Harbor mouth entrance and white water on the horizon. Whether you're looking for a full-time residence or a getaway with wow-factor views, this property delivers location, lifestyle, and opportunity in one exceptional package.

2646 Koa Avenue, Morro Bay

$775,000

2 Beds ⋅ 1 Baths ⋅ SC26208799 MLS ⋅ Active Status

Welcome to this charming single-level North Morro Bay home, offering an easy, comfortable layout and a fantastic coastal location. Featuring 2 bedrooms, 1 full bathroom, and a versatile bonus room, this home is an inviting place to settle in, enjoy as a second home, or create your own beach bungalow getaway. The single-level floor plan provides convenient living with plenty of flexibility, while the bonus room offers additional space for a home office, guest area, hobby room, or whatever best fits your needs. A one-car garage with laundry adds valuable storage and everyday convenience as well as a covered car port for additional parking. Located near coastal access, you’ll be close to the natural beauty and laid-back lifestyle that make North Morro Bay such a desirable place to be. Whether you’re looking for a comfortable primary residence, a weekend retreat, or a place to enjoy the Central Coast, this home offers a wonderful opportunity to make the coastal lifestyle your own.

331 Vashon, Morro Bay

$269,900

2 Beds ⋅ 2 Baths ⋅ SC26204332 MLS ⋅ Active Status

Enjoy coastal living at 500 Atascadero Road, Space D4, Morro Bay—a 907-square-foot, 2-bedroom, 2-bath manufactured home in Silver City East, a 55+ community approximately half a mile from the beach and one mile from downtown Morro Bay and the Embarcadero. Whether you’re seeking a full-time Central Coast residence or a coastal second home, this light-filled property offers comfortable living, private outdoor space, and convenient access to the beach and harbor. The bright, open floor plan features a bedroom and full bathroom at each end of the home, providing privacy for residents and guests. Recent improvements include fresh exterior paint, cement-board skirting, new laminate plank flooring, and a new sewer main line. The washer, dryer, refrigerator, and select plants are included. The front patio currently covered in astro-turf is 8'x10' in size and fits a golf cart. Enjoy cool coastal mornings on the deck or patio, garden in the fenced outdoor area, or give your dog space to relax. A storage shed provides room for bikes, beach gear, and gardening supplies. A nearby bike path offers access toward downtown Morro Bay or north along the coast. Nearby attractions include Morro Rock, the Embarcadero, beaches, shops, galleries, restaurants, and cafés, with opportunities for kayaking, paddleboarding, sailing, surfing, hiking, and birdwatching. Silver City East amenities include a neighborhood park and a clubhouse with library and kitchen facilities for gatherings and activities. A welcoming option for buyers seeking a beach-area home, a weekend escape from inland heat, or a permanent move to California’s Central Coast. Space rent for the new buyer is $995 per month. Primary occupant must be 55+; a qualifying partner may be 45+.

500 Atascadero Spc D4 Road, Morro Bay

$949,000

3 Beds ⋅ 2 Baths ⋅ SC26199306 MLS ⋅ Active Status

Step into a home designed for comfort, connection, and scenic enjoyment. Featuring an open-concept main floor, a spacious kitchen that flows directly into the dining and living area, and a private primary suite—all on the upper level—this 3-bedroom, 2-bath residence combines functional living with beautiful views. Expansive windows showcase peaceful local vistas throughout the home. Downstairs, there are two spacious bedrooms, a full bath, and easy access to indoor laundry. Finished, spacious 2-car garage with ample room for vehicles, workbench, or storage. Complete with a newer roof, an easy-care backyard, and completely ready for its next chapter.

580 Avalon Street, Morro Bay

$835,000

2 Beds ⋅ 2 Baths ⋅ SC26199810 MLS ⋅ Active Status

Discover the charm of coastal living in Morro Bay and start enjoying the coastal lifestyle in this wonderful family home or investment property with 2 large bedrooms, plus oversize guest quarters that is a rare find just a mile from the beach. Located in a quiet neighborhood it offers peaceful surroundings and an opportunity to enjoy the north Morro Bay lifestyle. This property also includes an attached studio, 1-bathroom ADU (not permitted) offering the opportunity of potential rental income. This home has an attached 2 car garage plus a carport and is on a street-to-street lot with a view of The Rock and a peak of the ocean. Whether you are looking for a full-time residence, weekend beach getaway or coastal retreat this property offers an incredible setting near the ocean.

2760 Elm Avenue, Morro Bay

$725,000

2 Beds ⋅ 3 Baths ⋅ SC26196934 MLS ⋅ Active Under Contract Status

We are proud to present 2945 Hemlock Ave, a well-built and beautifully maintained home in a fantastic Morro Bay neighborhood with stunning views of Morro Rock, surf, and the beach. From the rear porch, you can sit back and enjoy the scenery all day long, with beautiful coastal sunsets providing the perfect finish to each evening. This 2-bedroom, 2 1/2-bath home offers approximately 997 square feet of thoughtfully designed living space with an open-concept floor plan, updated luxury vinyl flooring, and an updated kitchen featuring a center island. Clean finish work and tasteful updates throughout give the home a fresh, polished feel and create a truly turnkey opportunity. Outside, the property is fully fenced with well-designed, paved side yards that provide attractive and functional outdoor space with minimal upkeep. The home is ideally located next to Del Mar Park, one of the area's best recreational areas complete with pickle ball, playground, and dog park. Beach access is within easy walking distance. Nearby shops, restaurants, and everyday conveniences make getting around by foot, bike, or car easy. A well-built, move-in-ready home in an exceptional coastal location, with views that make every day feel like a vacation. This is the Morro Bay lifestyle at its best.

2945 Hemlock, Morro Bay

$995,000

3 Beds ⋅ 3 Baths ⋅ SC26198780 MLS ⋅ Active Status

Welcome to Morro Mist - a boutique collection of luxury townhomes situated just across from the pristine beaches of Morro Bay and the Pacific Ocean. 2414 Main Street is one of only three corner units facing sweeping ocean views in the entire community. Built in 2020, this turnkey coastal residence offers indoor/outdoor living with breathtaking ocean views, high-end custom finishes, and contemporary architecture. Each unit is designed with a 5" airspace and 14" insulated wall separation between units. The light-filled upper main level features an open-concept living and dining area complete with low-maintenance Stonetec vinyl plank flooring, a cozy gas fireplace, large windows, and seamless flow to two private balconies with custom solid stainless steel railings—including a front deck showcasing panoramic ocean and coastline vistas. At the heart of the home, the gourmet kitchen boasts an expansive quartz waterfall center island, custom woven pendant lighting, white shaker cabinetry, and a premium 6-burner Bertazzoni gas range. The spacious upper primary suite offers substantial upgrades designed and built by award winning studio Honeycomb Interior Design. Featuring custom built-in cabinetry, lighting and shelving, a large walk-in closet, and an ensuite bath with a deep soaking tub, separate shower, and dual vanities. On the ground level, you will find two light-filled guest bedrooms, a full bathroom, a dedicated laundry space, and access to a private covered porch. Completing the residence is a full-size two-car garage equipped with an EV charger, brand new Ruud central air conditioning system installed in 2026, fully hardscaped side yard with stone pavers, space for a home work nook, and low HOA fees of just $127/month. The property is crafted with durable marine-climate-friendly building materials just moments from Morro Bay’s finest beaches and amenities.

2414 Main Street, Morro Bay

$520,000

2 Beds ⋅ 1 Baths ⋅ PW26198097 MLS ⋅ Active Status

Discover the charm of coastal living in Morro Bay! This quaint 1928 2BR, 1BA, 570 sqft home is a rare find, just under a mile from the beach. While it needs updating and expansion, its large avocado tree and 2913sqft lot present a canvas for potential growth, including a second story. Located in a quiet neighborhood, it offers peaceful surroundings and an opportunity to create your dream retreat. Explore the possibilities and envision your future by the shore.

625 Elena, Morro Bay

$760,000

1 Beds ⋅ 1 Baths ⋅ SC26186155 MLS ⋅ Active Status

All but Brand New—Just Bring Your Stuff! Built in 2019 and gently used, this charming one-bedroom, one-bathroom townhouse is truly move-in ready. Just bring your belongings and start enjoying the coastal lifestyle! Located close to the ocean, this home is ideal as a full-time residence, weekend getaway, or relaxing coastal retreat. The modern finishes have seen very little use, so there’s no work needed—just load the van and start living! The spacious downstairs family/bonus room offers plenty of flexibility and could easily be converted into a second bedroom. With the addition of a downstairs bathroom, you could create an even more functional two-bedroom home. And for EV owners, you’re already set—the home includes an electric vehicle charging station. Enjoy modern coastal living at an affordable price, with a low HOA. This one is a must-see! Move-in ready. Coastal location. Modern finishes. EV charging. Low HOA. What more could you ask for?

2430 Main, Morro Bay

$1,195,000

3 Beds ⋅ 2 Baths ⋅ PI26193817 MLS ⋅ Active Status

Fully renovated 3-bed, 2-bath home in Morro Bay. 1,491 sq ft, 4,000 sq ft lot. Ocean and Morro Rock views from the living room, dining room, kitchen, primary bedroom, deck, and side office. Watch the whales migrate from the kitchen sink and fall asleep to the seals and foghorns. Vaulted ceilings, exposed beams, solid-core hemlock doors, wide-plank white oak floors, fresh white paint. Living room with fireplace and oversized sliding glass doors opening to the deck. Kitchen with Carrara marble slab counters and micro-shaker cabinetry with brass hardware. California Faucets and Worley lighting throughout. Both baths fully redone, including a primary suite with walk-in closet, double vanity, and walk-in shower with rain shower head. Rebuilt wraparound composite deck with redwood railings. New fencing for privacy without losing the view. Low-maintenance yard with lavender and olive trees. New roof, windows, HVAC, water heater, electrical panel, and garage door. Oversized two-car garage. Separate ocean-view office behind the outdoor seating area. Located in the Harbor Tract, an easy walk to downtown, with quiet streets, ample parking, and good neighbors. A turnkey beach house with no to-do list, so you can start enjoying the coast on day one.

1378 Berwick, Morro Bay

$179,900

1 Beds ⋅ 1 Baths ⋅ SC26178554 MLS ⋅ Active Under Contract Status

Welcome to easy coastal living at Silver City Resort in beautiful Morro Bay! Located approximately half a mile from the beach, this charming 2006 manufactured home offers an affordable opportunity to enjoy life on California’s Central Coast. With approximately 695 sq. ft., the home features one bedroom, a spacious great room and an open kitchen that creates a comfortable, relaxed living space. Furniture is included, making it especially convenient as a full-time residence, second home or Central Coast getaway. There's even a newer queen size fold-out couch in the great room. Outside, you’ll find two dedicated parking spaces, with the option to convert one into a patio area for outdoor dining, lounging or enjoying Morro Bay’s mild coastal climate. Storage sheds provide additional space for beach gear, bikes and recreational equipment. Silver City Resort offers more than just a great location—it’s a friendly, inviting 55+ community where neighbors can become friends. Residents enjoy a clubhouse with a variety of activities and opportunities to socialize, along with a library and kitchen for gatherings and community events. A pocket park provides another pleasant outdoor space to relax and connect with friends and neighbors. Situated on level terrain, the community is just down the street from the beach and approximately one mile from downtown Morro Bay and the Embarcadero. Spend your days walking the beach, kayaking or paddleboarding on the bay, surfing, fishing, biking, hiking nearby coastal trails, birdwatching or exploring Morro Bay State Park. Enjoy waterfront restaurants, coffee shops, local boutiques, farmers markets and spectacular sunsets along the Embarcadero. Nearby Cayucos, Los Osos, Cambria and San Luis Obispo offer even more to explore. Whether you're looking for a simpler full-time lifestyle or a furnished second home near the coast, this is a wonderful opportunity to have your own place in Morro Bay and enjoy everything the Central Coast has to offer. No short term rentals. Residency application required. Primary to be 55+, partner can be 45+. Space rent is $999/mo.

500 Atascadero Rd SPC B9, Morro Bay

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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.