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3481 Shearer Avenue, Cayucos, CA 93430

$1.40M3bd · 3ba · 1,891 sqft
Lot 2,800 sqft•Single Family Residence•
Active
•96d on market•MLS# SC-26164885

Property Description

Exceptional Hillside Home with Breathtaking Coastal Views Perched high above the homes to the south, this hillside residence offers a truly special setting, delivering unparalleled coastal vistas from both levels of living space. Sweeping views stretch from Point Estero above Cayucos to Morro Bay and the iconic Morro Rock. The scenery continues southward, capturing the Irish Hills, Cabrillo Estates, and finally, Point Buchon. The home's thoughtful design offers an excellent separation of space. A split entry leads to the oversized 2-car garage on the lower level and up to the main living areas. The second level features two guest bedrooms, each with its own private view deck and a shared full bath. The top level showcases a spacious great room, offering even more of those incredible coastal views, along with the primary suite, which provides additional, unforgettable perspectives of the coast. This stunning setting and beautifully designed residence are not to be missed!

Features & Amenities

FeeBuilt 1998

Property Details

Land Type
Fee
Year Built
1998
Property Type
Residential
Property Subtype
Single Family Residence
Parking Spaces
2
Garage Spaces
2
Cooling
None
View
Coastline, Ocean, Panoramic
City
Cayucos
Zip Code
93430
County
San Luis Obispo
Listed byDale Kaiser Real Estate, Dale Kaiser

Mortgage Calculator

Current Rates

$
$
%
Monthly Payment
$7,053.88
Principal & Interest
Loan Amount
$1,116,000
Total Interest
$1,423,396
Total Payment Over 30 Years
$2,539,396
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

Residential Tier · 4 active · 5 closed

3481 Shearer Avenue, Cayucos, CA 93430

Cayucos · Single Family Residence

$1.40M
Residential Tier
Beds
3
Baths
3
Sqft
1,891
Lot
2,800 sqft
Year
1998
$/Sqft
$738
Pool: No✓
Spa: No✓
View: city✓
Garage: 2-car✓

Listed 10.3% above the median closed sale of $1,265,000. Expect a longer timeline — comps averaged 174 days on market.

Price Position

Positioned above the market — commands a premium.

Premium
Subject listed at $1.40M· $738/sqft
Total list price
Closed comps
vs closed median $1.26M
+$130K (+10.3%)
Active comps
vs active median $1.50M
−$100K (−6.7%)
Price per sqft
Closed compsinsufficient comp data
Active comps
vs active avg $/sqft $688
+$50 (+7.2%)

Active Properties (4)

Active Comparables

AddressCityYearBDBTHSqFtLotSzLP/SqFtLPDIMScore
2630 Maple AvenueMorro Bay1988332,0244,000$595$1.21M8771
96 24th StreetCayucos1985432,4105,200$579$1.40M11765
57 17th StreetCayucos1959311,2603,000$1,187$1.50M22361
2991 JuniperMorro Bay1988443,94824,829$392$1.55M14940
Total: 4 · Average3.52.82,410.59,257.25$688.25$1.41M144
Median2,410$1.50M

Closed Properties (5)

Closed Comparables

AddressCityYearDateBDBTHSqFtLotSzLPSPSP/SqFtSP/LPDIMScore
3437 OceanCayucos197408/25/2026321,7452,800$1.55M$1.49M$8540.965489
3166 Shearer AvenueCayucos199707/17/2026432,6742,800$1.59M$1.50M$5610.9435686
3372 ShearerCayucos198205/18/2026331,6612,800$1.34M$1.26M$7620.9412285
60 Rapf AvenueCayucos197211/26/2025221,8022,800$1.20M$1.20M$6661.0027279
3449 StudioCayucos195804/16/2026221,4922,037$1.29M$1.24M$8330.966874
Total: 5 · Average2.82.41,874.82,647.4$1.34M$1.34M$735.2—174.4
Median1,745$1.26M$1.26M

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.