Massive price improvement! Two homes on 0.38 acres of Morro Bay BAYFRONT property in one of the most desirable neighborhoods on the Central Coast! Location and Views truly don't get better than this! This property has been owned and loved by the same family since the 1930s. The primary 4 bedroom 2 bathroom home sits towards the top of the gently sloping property with one-of-a-kind Ocean, Bay, and Dune views. The original bay front, lower 2 bedroom 1 bathroom house (a classic pre-WWII beach cottage) was recently issued a remodel permit by the City of Morro Bay, and it's ready for the new owner's vision. Drop your fishing line from your backyard, Park your boat on your own private property, and launch all your water toys from your direct access to the water. A short walk along the shoreline brings you to Morro Bay's finest restaurants and shopping along the Embarcadero. This property is truly a Morro Bay hidden treasure... Sellers are motivated and excited for the next chapter of this home's legacy to begin. Schedule a showing today!