Located just half a block from the sand, 31 and 33 North 3rd Street offers a rare opportunity to own two fully upgraded, detached single family homes on one coastal lot in one of Cayucos most walkable and sought after neighborhoods. Set on a 7,544 square foot parcel with separate addresses, garages, driveways, and utility meters, this property provides exceptional flexibility for multigenerational living, hosting, or income potential. The main residence at 31 North 3rd Street was taken approximately 80 percent down to the studs and rebuilt with new plumbing, electrical, roofing, windows, heating, and designer finishes throughout. The property features two new custom kitchens, four new bathrooms, and new flooring throughout. The main home offers four bedrooms and three baths with Taj Mahal quartzite countertops, a Bosch appliance suite, custom wine and coffee bar with wine refrigerator, two laundry centers complete with washers and dryers, and included refrigerators. Stunning ocean views with Morro Rock as a focal point are enjoyed from the main house kitchen island as well as from the living and game room downstairs, in addition to the front deck and expansive 40 foot rooftop deck enclosed in glass. The second residence at 33 North 3rd Street has been fully renovated and includes three bedrooms and one bath, matte porcelain slab countertops, Master Craft cabinetry, a coated garage floor, one laundry center complete with washer and dryer, an included refrigerator, an attached garage, and private outdoor space. Both homes are move in ready and enhanced by fresh landscaping, new concrete hardscape, fencing, and dedicated outdoor areas. The location supports an active coastal lifestyle with nearby surfing, paddle boarding, fishing, coastal trails, Morro Bay recreation, and scenic Highway 1 access, all within walking distance to the pier, local dining, and shops. Zoned residential with possible short term rental eligibility for the guest home subject to buyer verification with San Luis Obispo County Planning, this is a rare chance to own two coastal homes near the ocean with long term flexibility and lifestyle appeal.