Just steps from the water and minutes from the Morro Bay Embarcadero, this one-of-a-kind property offers luxury living across three unique homes with breathtaking ocean and bay views. Whether you&#39're seeking an expansive family retreat or investment potential, this exceptional estate delivers it all. Spanning 4,000 +/- sq. ft., the custom-built primary home boasts five bedrooms, three full and one-half bathrooms. The main living area offers ultra-high vaulted ceilings, engineered oak wood flooring, and floor-to-ceiling windows that flood the space with natural light and showcase sweeping bay and ocean views. In the great room, cozy up by the gas fireplace, framed with stone tile and a wooden hearth, and enjoy stunning vistas from three Juliet balconies. A charming brick façade accent wall complements the chandelier-lit dining space, with built-in storage behind decorative French doors. The gourmet kitchen is equipped with high-end appliances such as a Wolf 10-burner range, and GE Monogram refrigerator. The kitchen also features marble and butcher block countertops, custom cabinetry, and built-in pantry shelving. Unwind in the primary bedroom retreat with a gas fireplace, dual walk-in closets, and luxurious carpet flooring. The ensuite bath includes a soaking tub with marble surround, a seated vanity, and a custom-tiled shower. Upstairs, a versatile bonus room with beamed ceilings offers sweeping views of the bay and ocean. Built-in desks, shelves, and drawers make it perfect for a home office or lounge area. Two additional bedrooms feature beamed ceilings and plenty of storage. The lower level includes two more guest bedrooms, each with brick façade accents and gas fireplaces, plus a mudroom with a built-in sink. French doors open to a private patio with low-maintenance landscaping and mature trees. Two additional homes each offer two bedrooms and one bathroom in 1,000 +/- sq. ft. of living space. Both homes feature engineered oak wood flooring, gas fireplaces, ocean views, upgraded kitchens, and enclosed backyards. The property was completely rebuilt in 2008 with steel post and beam construction, sound barriers, and PEX plumbing. Additional highlights include a dumbwaiter, German technology tilt &#38' turn windows and doors, copper exterior details, plus three single-car garages. With stunning views, premium finishes, and close proximity to Morro Bay’s best attractions, this estate offers a unique opportunity for luxurious coastal living.