Annette Mullen, DRE#00935034, REALTOR®
(805) 440-6620
BEDS6
BATHS3 full
SQUARE FEET2,772
MLS#PI26013165
STATUSActive
PROPERTY TYPEResidential - Single Family
SUBDIVISIONStrand (530)
SCHOOLCoast Unified
Listing Courtesy of:
Keller Williams Realty Central Coast
Agency Phone: 805-773-7777
Associate Name: CJ Hegney
Listing Shown by:
Farrell Smyth, Inc.
Associate Name: Annette Mullen, DRE#00935034, REALTOR®
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 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.
Property Features
Property Type: Residential - Single Family
Cooling: None
Garage: 3 car attached
Heating: Central
Lot Size: 0.10 Acres
Stories: 2.0
Year Built: 1957
Amenities
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)
Lighting
Feature Descriptions
Accessibility: None
Appliances: 6 Burner Stove, Built-In Range, Dishwasher, Gas Oven, Gas Range, Microwave, Refrigerator, Range Hood, Vented Exhaust Fan, Water Heater
Community Features: Biking, Fishing, Hiking, Preserve/Public Land, Water Sports
Days on Site: 31
Fencing: Vinyl
Fireplace: Family Room, Gas, Guest Accommodations, Living Room
Laundry: In Garage
Lot: 2-5 Units/Acre, Front Yard, Level, Rectangular Lot
Parcel#: 064272016
Parking: Door-Multi, Garage Faces Front, Garage, Paved, Private
Parking Notes: Door-Multi, Garage Faces Front, Garage, Paved, Private
Patio/Porch: Covered, Deck, Patio, Porch
Sewer: Public Sewer
Spa: None
Special View Info: Bay, Coastline, Hills, Ocean, Panoramic, Rocks, Water
Units: 3
Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
Water: Public
Water Features: Across the Road from Lake/Ocean, Ocean Side Of Freeway, Ocean Side Of Highway
Window: Drapes, Screens
Local Schools
School District: Coast Unified
Listed By / Shown By
Listed By
Agency Name: Keller Williams Realty Central Coast
Agency Phone: 805-773-7777
Agent Name: CJ Hegney
Shown By
Agent Name: Annette Mullen, DRE#00935034, REALTOR®
Agent Phone: (805) 440-6620
Agency Title: Farrell Smyth, Inc.
Estimate Your Payment
Estimated Payment
$ 6,919.87 per month $6,118.08 Principal & Interest $0.00 Property Tax (data not provided by mls) $801.79 Homeowner's InsuranceChange Payment Information
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2873 & 2871 Studio Drive | MLS# PI26013165
This single family home located at 2873 & 2871 Studio Drive, Cayucos, CA 93430 is currently listed for sale with an asking price of $2,749,000. This property was built in 1957 and has 6 bedrooms and 3 full baths with 2772 sq. ft. & 2871 Studio Drive is located in the Strand (530) subdivision within the Coast Unified school district. Search Strand (530) real estate on annettemullen.farrellsmyth.com today.