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364 Mccarthy Avenue, Oceano, CA 93445

$1.67M4bd · 4ba · 2,772 sqft
Lot 4,300 sqft•Single Family Residence•
Active
•85d on market•MLS# NS-26158803

Property Description

Luxury Coastal Living Just Minutes from Pismo Beach & Shell Beach. Built by Beach Front Builders, this brand-new custom home is located at the gateway to Pismo State Beach, just minutes from Pismo Beach, Shell Beach, downtown Arroyo Grande, and the Oceano Dunes. Eligible to be licensed as a vacation rental, it offers an outstanding opportunity as a primary residence, second home, or income-producing coastal property. Set on an oversized 4,300± sq. ft. lot with 43 feet of road frontage, one of the home's biggest advantages is something rarely found this close to the beach: generous off-street parking and a dedicated RV parking area with an RV waste connection. Whether you're bringing an RV, side-by-sides, dune toys, or looking for features that appeal to vacation renters, this setup offers exceptional flexibility. The main level features an open floor plan connecting the living room, dining area, and kitchen with wide-plank flooring, coffered ceilings with wood beam accents, recessed lighting, a gas fireplace, and two large sliders opening to the backyard patio. The kitchen includes quartz countertops, custom cabinetry, double wall ovens, a six-burner gas cooktop with pot filler, oversized island, workstation sink, and spacious butler's pantry. A private first-floor bedroom with en suite bath, an additional guest bath, and a framed shaft designed for a future elevator provide flexibility for guests, multigenerational living, or long-term accessibility. Upstairs, the family room with wet bar opens to a balcony overlooking the Oceano Lagoon and dunes. The upper level has also been thoughtfully configured to allow a portion of the space to potentially be converted into a one-bedroom, one-bath junior ADU, creating additional flexibility for extended family, guests, or multiple rental configurations. Buyer to verify feasibility, permitting, and use. The primary suite features dual walk-in closets, a private balcony, makeup vanity, soaking tub, dual sinks, and walk-in shower. Two additional bedrooms and another full bath complete the upper level. A rooftop deck offers peekaboo ocean views, coastal breezes, and panoramic dune views. Additional features include owned solar, tankless water heating, and energy-efficient heat pump HVAC. Brand-new construction, vacation rental eligibility, exceptional parking, and immediate access to Pismo State Beach and the Oceano Dunes make this one of the Central Coast's most versatile coastal properties.

Features & Amenities

FeeBuilt 2026

Property Details

Land Type
Fee
Year Built
2026
Property Type
Residential
Property Subtype
Single Family Residence
Parking Spaces
2
Garage Spaces
2
Heating
Central
Cooling
Central Air
View
Dunes, Ocean, Peek-A-Boo, See Remarks
Roof
Composition
City
Oceano
Zip Code
93445
County
San Luis Obispo
Listed byHome & Ranch Sotheby's Intl, Ian Chandler

Mortgage Calculator

Current Rates

$
$
%
Monthly Payment
$8,464.65
Principal & Interest
Loan Amount
$1,339,200
Total Interest
$1,708,076
Total Payment Over 30 Years
$3,047,276
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

Luxury Tier · 3 active · 4 closed

364 Mccarthy Avenue, Oceano, CA 93445

Oceano · Single Family Residence

$1.67M
Luxury Tier
Beds
4
Baths
4
Sqft
2,772
Lot
4,300 sqft
Year
2026
$/Sqft
$604
Pool: No✓
View: water✓
Garage: 2-car✓

Listed 45.9% above the median closed sale of $1,147,500. Price per sqft ($604) is a 16% premium to closed comps ($522). Closed comps sold at 95% of list — buyers have negotiating leverage. Expect a longer timeline — comps averaged 168 days on market. Luxury tier — fewer comparable sales widen the confidence range.

Price Position

Positioned above the market — commands a premium.

Premium
Subject listed at $1.67M· $604/sqft
Total list price
Closed comps
vs closed median $1.22M
+$454K (+37.2%)
Active comps
vs active median $2.79M
−$1.12M (−40.1%)
Price per sqft
Closed compsinsufficient comp data
Active comps
vs active avg $/sqft $850
−$246 (−28.9%)

Active Properties (3)

Active Comparables

AddressCityYearBDBTHSqFtLotSzLP/SqFtLPDIMScore
311 JuanitaOceano1960543,1183,130$962$3.00M15284
1612 StrandOceano1980432,3363,500$1,196$2.79M767
1373 16th StreetOceano1942452,77810,767$392$1.09M2553
Total: 3 · Average4.34.02,7445,799$850$2.29M61.333333333333336
Median2,778$2.79M

Closed Properties (4)

Closed Comparables

AddressCityYearDateBDBTHSqFtLotSzLPSPSP/SqFtSP/LPDIMScore
357 Mccarthy AvenueOceano200009/10/2026332,2184,140$1.20M$1.22M$5501.023569
1339 24thOceano195909/18/2026442,16724,860$1.30M$1.24M$5720.9510566
2510 Terrace SandsOceano202205/17/2026432,0355,553$979,000$974,000$4790.995165
310 Sandpiper LaneOceano197805/11/2026532,2033,000$1.30M$1.07M$4880.8348262
Total: 4 · Average4.03.32,155.759,388.25$1.13M$1.13M$522.25—168.25
Median2,203$1.22M$1.22M

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.