
364 Mccarthy Avenue, Oceano, CA 93445
364 Mccarthy Avenue, Oceano, CA 93445
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
Property Details
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Comparative Market Analysis
Luxury Tier · 5 active · 5 closed
Oceano · Single Family Residence
Listed 5.9% below the median closed sale of $1,779,000. Price per sqft ($604) is a 15% discount to closed comps ($709). Luxury tier — fewer comparable sales widen the confidence range.
Price Position
Priced below the market — value advantage over the field.
Active Properties (5)
Active Comparables
| Address | City | Year | BD | BTH | SqFt | LotSz | LP/SqFt | LP | DIM | Score |
|---|---|---|---|---|---|---|---|---|---|---|
| 204 Princessa | Pismo Beach | 2015 | 4 | 4 | 2,579 | 5,227 | $735 | $1.90M | 52 | 59 |
| 261 Coral Court | Pismo Beach | 1979 | 5 | 3 | 2,314 | 7,841 | $799 | $1.85M | 94 | 57 |
| 68 Whitecap Street | Pismo Beach | 1992 | 4 | 4 | 2,560 | 6,904 | $582 | $1.49M | 80 | 54 |
| 794 Cardinal Court | Arroyo Grande | 1986 | 4 | 3 | 3,000 | 7,150 | $553 | $1.66M | 25 | 50 |
| 1136 Grand | Arroyo Grande | 1945 | 4 | 3 | 2,288 | 40,127 | $721 | $1.65M | 88 | 48 |
| Total: 5 · Average | 4.2 | 3.4 | 2,548.2 | 13,449.8 | $678 | $1.71M | 67.8 | |||
| Median | 2,560 | $1.66M | ||||||||
Closed Properties (5)
Closed Comparables
| Address | City | Year | Date | BD | BTH | SqFt | LotSz | LP | SP | SP/SqFt | SP/LP | DIM | Score |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 202 CIMA DE COLINA | Pismo Beach | 2014 | 04/06/2026 | 4 | 4 | 2,602 | 6,125 | $1.90M | $1.85M | $711 | 0.98 | 86 | 67 |
| 351 Selma Street | Pismo Beach | 2008 | 07/23/2026 | 3 | 3 | 2,286 | 5,000 | $1.59M | $1.45M | $634 | 0.91 | 143 | 54 |
| 201 Miguelito Lane | Pismo Beach | 2015 | 12/10/2025 | 3 | 3 | 2,079 | 5,948 | $1.78M | $1.78M | $856 | 1.00 | 62 | 48 |
| 545 Dos Cerros Corte | Arroyo Grande | 2001 | 07/15/2026 | 4 | 3 | 2,758 | 25,600 | $1.85M | $1.85M | $671 | 1.00 | 48 | 47 |
| 120 Surf St. | Pismo Beach | 1984 | 08/14/2026 | 3 | 2 | 2,117 | 6,798 | $1.40M | $1.43M | $675 | 1.02 | 51 | 46 |
| Total: 5 · Average | 3.4 | 3.0 | 2,368.4 | 9,894.2 | $1.67M | $1.67M | $709.4 | — | 78 | ||||
| Median | 2,286 | $1.78M | $1.78M | ||||||||||
Market Analysis
List vs Sale $/SqFt
Sale Price Trend
Days on Market
Sale vs List Price
This analysis was generated automatically from MLS data. For an in-depth, human-reviewed valuation, contact Joseph Sardella at josephsardella@gmail.com.