Courtesy of Keller Williams Realty Central Coast, CJ Hegney 925-314-5771
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 c
Open House
Property Details and Features
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Appliances & Equipment
- “Dishwasher”
- “Microwave”
- “Refrigerator”
- “6 Burner Stove”
- “Gas Oven”
- “Vented Exhaust Fan”
- “Gas Range”
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Bathrooms
- 3 total bathrooms
- 3 full bathrooms
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Bedrooms
- 6 total bedrooms
- 6 possible bedrooms
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Building
- Built in 1957
- Building area total: 2772
- 2 stories
- 2 stories total
- Living area: 2772
- Living area units: Sqft
- Building area units: Sqft
- Entry level: 1
- “No Common Walls”
- “2 Story”
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Cooling
- “N/K”
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Disclosures
- “Coastal Zone”
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Accessibility Features
- “None”
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Exterior Features
- Patio and porch features: “Covered”, “Deck”, “Patio”, “Porch”
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Fence
- “Vinyl”
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Fireplaces
- “FP in Family Room”
- “FP in Living Room”
- “Gas”
- “Guest House”
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Garage
- 3 spaces
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Water Features
- Water source: “Public”
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Heating
- “Forced Air Unit”
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Interior Features
- “2 Staircases”
- “Beamed Ceilings”
- “Living Room Balcony”
- “Living Room Deck Attached”
- “Pantry”
- “Recessed Lighting”
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Listing
- Listing ID: PI26013165
- List price: $2,899,000
- 28 days on market
- Listing contract date: 2026-01-19
- Special listing conditions: “Standard”
- “Cash”
- “Conventional”
- “Exchange”
- “FHA”
- “Cash To Existing Loan”
- “Cash To New Loan”
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Location
- Subdivision: Strand (530)
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Lot
- 4,400 size sqft
- Size area: 0.101
- Size units: Acres
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Parking
- Total: 3
- “Garage”
- “Garage – Three Door”
-
Pool
- “N/K”
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Property
- Property subtype: Detached
- Property type: Residential
- Zoning: RSF
- “Turnkey”
- “Updated/Remodeled”
- “Bay”
- “Mountains/Hills”
- “Ocean”
- “Panoramic”
- “Rocks”
- “Water”
- “Coastline”
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Sewer
- “Public Sewer”
-
Spa
- “N/K”
-
Utilities
- “Cable Connected”
- “Electricity Connected”
- “Natural Gas Connected”
- “Phone Connected”
- “Sewer Connected”
- “Water Connected”
