Active

149 Cayucos Drive

Cayucos CA, 93430

$8,700,000


$2,023.73 per sqft

Active

6 Beds

10 Baths

4,299 sqft

Residential

Built in 1876

Listed by Monique Alexander with Nest Seekers 310-359-2345

A Landmark Investment Opportunity: The Historic Cass House. A turnkey opportunity to own a charming Bed & Breakfast, Artisanal Bakery, stylish Bar & Grill, and versatile Wedding & Event Venue. Own a piece of Cayucos history with this exceptional investment opportunity. This historically significant estate, encompassing two combined lots includes 222 N. Ocean Avenue, Cayucos, CA. The Iconic Cass House, established in 1875 by town founder Captain James Cass, is a landmark property located in the heart of downtown Cayucos, just one block from the ocean and a short drive from Morro Bay and the Madonna Inn. This estate, approximately 30,000 sq ft (0.68 acres) is zoned for commercial, offering opportunities for hospitality or private residential purposes. This property offers a unique blend of existing improvements and diverse development potential. The Cass House, originally priced at 5 million more than a decade ago, was acquired in 2014 for 2.5 million. Substantial investments were made to redevelop the property, including the addition of new structures like a bar & grill, bakery, outdoor pavilion, storage, restrooms, and parking facilities. Throughout the development process, the property's original architecture was carefully preserved to ensure its charm and character were maintained. This project required dedication and passion to bring to fruition. The property boasts four distinct structures, including the renowned Bijou Bakery. The meticulously restored 1876 main residence exudes historic grandeur in a Victorian architectural style. Each bedroom has its own ensuite bathroom, and there are various amenities such as a reception area, banquet room, formal dining room, and a commercial-grade kitchen perfect for its previous operation as The Cass House Bed & Breakfast and Wedding Venue. A picturesque wedding arbor and expansive lawn provide an idyllic setting for events. Currently used as a private residence, this grand estate awaits its next chapter as a premier destination. Complementing the main residence is a guest house, ideal for on-site management, additional guest accommodations, or a bridal suite. Further enhancing the property are a cold storage unit designed to seamlessly blend with the historic aesthetic, a dry storage area, public restrooms, on-site parking, and established vegetable and herb gardens, offering exciting farm-to-table possibilities. The fully equipped restaurant space, formerly the Cass House Bar & Grill, is primed for reopening. Featuring multiple beer and wine taps, a wood-fired oven and Argentina grill, a professional-grade bar and kitchen, and an inviting alfresco dining pavilion with retractable covers, ample seating, and elegant chandeliers, this space is perfectly suited for a thriving restaurant and wine events. The Bijou Bakery currently operates under a month-to-month lease, providing the new owner with flexibility to renegotiate terms, secure a long-term lease, or explore alternative arrangements. This highly visible property enjoys a prime location, attracting both locals and tourists. Its unique combination of historical significance, proximity to the ocean, versatile zoning, existing infrastructure, and potential for expansion makes this a truly compelling investment in a thriving coastal community. Please insert the following link into your web browser for the video illustrating the property's immense potential: https://youtu.be/fmsG-Sl8jLg?si=ZNo0WGNWeAEGEoH1 . Financials and pro forma details available upon request. Contact our team today for more information or to schedule a private showing.

25503671

MLSⓇ ID

February 20, 2025

Listed

February 28, 2025

Updated

Interior Features

Total Stories

2


Bedrooms

6


Total Bathrooms

10


Appliances

Dishwasher, Disposal, Refrigerator, Vented Exhaust Fan, Dryer, Washer


Floor Description

Wood


Fireplace

No


Cooling

Yes


Cooling Description

Central Air


Heating

Yes


Heating Description

Central

Exterior/Building Features

Lot Size

0.68 Acres


Lot Features

Corners Marked, Lawn


Architectural Style

Victorian


Security

Fire Detection System, Gated Community, Smoke Detector(s)

Other Property Details

Area Name

CAYU - Cayucos


Days on Market

8


Garage

No


Parking

Driveway


Parking Total

20


View

Yes


View Description

Coastline, Landmark, Ocean, Pier


County

San Luis Obispo


Pool

No


Zoning

CR

Listing Contact: 310-278-8861 

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 2/28/2025. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

©2025 California Regional Multiple Listing Service (CRMLS) all rights reserved.

Data last updated on 2/28/2025 at 2:08 PM UTC

 

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