0.jpg
1 / 32

3481 Shearer Avenue, Cayucos, CA 93430

$1.40M3bd · 3ba · 1,891 sqft
Lot 2,800 sqft•Single Family Residence•
Active
•77d 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 · 5 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 6.4% below the median closed sale of $1,490,000. Price per sqft ($738) is a 27% discount to closed comps ($1,016).

Price Position

Priced below the market — value advantage over the field.

Price advantage
Subject listed at $1.40M· $738/sqft
Total list price
Closed comps
vs closed median $1.49M
−$95K (−6.4%)
Active comps
vs active median $1.90M
−$500K (−26.4%)
Price per sqft
Closed compsinsufficient comp data
Active comps
vs active avg $/sqft $1,126
−$388 (−34.4%)

Active Properties (5)

Active Comparables

AddressCityYearBDBTHSqFtLotSzLP/SqFtLPDIMScore
3595 Shearer AveCayucos2026331,9472,731$963$1.88M4091
1124 Ocean AvenueCayucos1980331,8204,000$821$1.50M9378
3585 StudioCayucos1971432,0522,275$923$1.90M9375
2678 StudioCayucos2008321,5183,505$1,910$2.90M8674
50 24thCayucos2006332,1726,760$1,012$2.20M10767
Total: 5 · Average3.22.81,901.83,854.2$1,125.8$2.07M83.8
Median1,947$1.90M

Closed Properties (5)

Closed Comparables

AddressCityYearDateBDBTHSqFtLotSzLPSPSP/SqFtSP/LPDIMScore
150 4thCayucos199907/16/2026332,1043,200$1.98M$1.84M$8770.932693
1000 Saint MaryCayucos200307/20/2026331,6752,000$1.40M$1.40M$8331.0012190
3437 OceanCayucos197408/25/2026321,7452,800$1.55M$1.49M$8540.965388
3352 Studio DriveCayucos201706/22/2026332,0113,850$4.00M$3.75M$1,8650.9416287
191 J StreetCayucos200009/30/2026331,8051,846$1.25M$1.18M$6510.9411784
Total: 5 · Average3.02.81,8682,739.2$1.93M$1.93M$1,016—95.8
Median1,805$1.49M$1.49M

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.