2873 & 2871 Studio DR, Cayucos, CA 93430
2873 & 2871 Studio DR, Cayucos, CA 93430
2873 & 2871 Studio DR, Cayucos, CA 93430
2873 & 2871 Studio DR, Cayucos, CA 93430
2873 & 2871 Studio DR, Cayucos, CA 93430
2873 & 2871 Studio DR, Cayucos, CA 93430
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$ 2,600,000
Est. payment | /mo

6 Beds

3 Baths

2,772 SqFt


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$ 2,600,000
Est. payment | /mo
Save

6 Beds

3 Baths

2,772 SqFt

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 2,772 sqft

Price per Sqft $937

Subdivision Strand (530)

MLS Listing ID PI26013165

Bedrooms 6

Full Baths 3

Construction Status Updated/Remodeled,Turnkey

HOA Y/N No

Year Built 1957

Lot Size 4,399 Sqft

Property Sub-Type Single Family Residence

Property Description

Welcome to 2873 and 2971 Studio Drive, a rare luxury THREE UNIT coastal property on one of Cayucos' most coveted streets, just steps from the sand. Situated on an oversized DOUBLE LOT, this exceptional offering consists of a legal duplex with one residence thoughtfully configured into two separate living spaces, creating three distinct residences in total. The property has been meticulously renovated throughout and delivers an impressive approximate $200,000 in gross annual rental income.

The property has undergone significant updates in 2024/2025, including new appliances, new HVAC and wall heaters, new in-slab plumbing, new bathrooms, and updated electrical throughout the home, offering a truly turnkey coastal investment.

The main residence offers a modern four-bedroom, two-bathroom layout that is currently separated into upper and lower living areas, each with its own kitchen and private access, connected by an interior door when desired. This flexible design allows the home to function as a single expansive coastal residence or as two independent living spaces, ideal for maximizing income potential or accommodating extended family. The interiors are highlighted by fireplaces, sweeping ocean views, and an open, light-filled layout designed for both everyday comfort and refined coastal entertaining.

The second residence is a beautifully remodeled two-bedroom, one bathroom home featuring a gas fireplace and a private, resort-style backyard complete with a covered patio, tranquil water feature, and outdoor kitchen. This residence is perfectly suited for guest accommodations, multigenerational living, or premium rental use.

A rare THREE-CAR GARAGE provides additional parking and storage, a highly sought-after amenity in this prime beachside location. With BEACH ACCESS just steps from the front door, panoramic coastal views, turnkey condition, and exceptional layout flexibility, this property presents a unique opportunity to enjoy the ultimate California beach lifestyle while benefiting from strong, proven rental performance.

Live in one residence while generating income from the others, or create a stunning multigenerational coastal compound. Opportunities like this on Studio Drive are exceptionally rare and represent a compelling offering for buyers seeking luxury, versatility, and long-term value on the Central Coast.

Location

State CA

County San Luis Obispo

Area Cayu - Cayucos

Zoning RSF

Rooms

Main Level Bedrooms 4

Interior

Interior Features Beamed Ceilings, Balcony, Ceiling Fan(s), Separate/Formal Dining Room, Eat-in Kitchen, High Ceilings, Living Room Deck Attached, Multiple Staircases, Pantry, Recessed Lighting, Storage, Bedroom on Main Level, Main Level Primary, Primary Suite, Walk-In Closet(s)

Heating Central

Cooling None

Fireplaces Type Family Room, Gas, Guest Accommodations, Living Room

Fireplace Yes

Appliance 6 Burner Stove, Built-In Range, Dishwasher, Gas Oven, Gas Range, Microwave, Refrigerator, Range Hood, Vented Exhaust Fan, Water Heater

Laundry In Garage

Exterior

Exterior Feature Lighting

Parking Features Door-Multi, Garage Faces Front, Garage, Paved, Private

Garage Spaces 3.0

Garage Description 3.0

Fence Vinyl

Pool None

Community Features Biking, Fishing, Hiking, Preserve/Public Land, Water Sports

Utilities Available Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected

Waterfront Description Across the Road from Lake/Ocean,Ocean Side Of Freeway,Ocean Side Of Highway

View Y/N Yes

View Bay, Coastline, Hills, Ocean, Panoramic, Rocks, Water

Accessibility None

Porch Covered, Deck, Patio, Porch

Total Parking Spaces 3

Private Pool No

Building

Lot Description 2-5 Units/Acre, Front Yard, Level, Rectangular Lot

Dwelling Type House

Story 2

Entry Level Two

Foundation Slab

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Construction Status Updated/Remodeled,Turnkey

Schools

School District Coast Unified

Others

Senior Community No

Tax ID 064272016

Acceptable Financing Cash, Cash to Existing Loan, Cash to New Loan, Conventional, 1031 Exchange, FHA

Listing Terms Cash, Cash to Existing Loan, Cash to New Loan, Conventional, 1031 Exchange, FHA

Special Listing Condition Standard

CRMLS Full IDX Feed (MAIN Website Search)
Listed by CJ Hegney NextHome Central Coast 925-314-5771, DRE #02203414

NEARBY SCHOOL & BUSINESS

REVIEWS

Ximena Ames Nugent

Professional & Paid Attention to My Needs

I am very impressed with the professionalism of this team! They worked very hard with terrific attention to details and respect for my needs. I would highly recommend Ruby and Patrick as they are knowledgeable, and dedicated to their clients.

Jeff M

Purchase

Ruby and the Raymond Team were great. We're in our new home right now writing this. Ruby helped make this happen and if you are looking for a home in the 5 Cities area I suggest you give Ruby a call. Thanks Ruby, SM

RonSteinback

The broker that everyone hopes to hire!

Patrick listed and sold two properties for me this year, and I intend to use him on a third transaction. Patrick is responsive and knows the local area. I am a broker myself, but located in southern California. Patrick is the broker that everyone hopes to hire!

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Ruby Raymond
Ruby Raymond

Broker Associate | License ID: 01342959

+1(805) 201-6341 | homes@raymondteamre.com

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