Owner willing to finance! Located in the desirable Morro Palisades neighborhood of Los Osos, this beautifully reimagined 1,315 sq/ft 3-bedroom, 2-bath home offers the ease of modern living with the charm of a well-established coastal community. Fully rebuilt in 2020 and taken down to the studs, it features all-new systems, finishes, and thoughtful upgrades—including EV charging capability in the garage and 220V wiring in the backyard—ready for your future hot tub and sunset soaks under the stars.
Inside, an open and airy layout is filled with natural light from multiple sun tunnels that brighten the space throughout the day. The spacious kitchen features quartz countertops, eco-friendly cabinetry, and a functional layout ideal for everyday living and entertaining. Double-pane windows provide energy efficiency and comfort, while updated flooring and fixtures create a cohesive, move-in ready feel.
The primary suite includes a private en-suite bath and a sliding glass door that opens directly to the backyard—offering a peaceful connection to the outdoors. Two additional bedrooms provide flexibility for guests, family, or remote work. The large, fully fenced backyard offers ample space for gardening, play, pets, or future expansion.
Centrally located just blocks from Monarch Grove Elementary and the Central Coast Waldorf School (also known as Wishing Well), this home enjoys proximity to parks, eateries, and local favorites. Sea Pines Golf Resort hosts free spring and summer concerts just a short drive away. For nature lovers, the stunning Montana De Oro State Park is only 8 minutes away, offering beaches, hiking, surfing, and breathtaking coastal scenery. Morro Bay is a 10-minute drive, and San Luis Obispo is just 12 minutes away.
With quality craftsmanship, energy-conscious upgrades, and an ideal location, this move-in ready home is a standout opportunity to enjoy the best of life on the Central Coast.
Seller may consider owner financing with 20% down, 6% interest, amortized over 30 years with the remaining balance due payment due in 10 years.
For sale
Listing Provided by:
Christine McDonald DRE #01193039 805-441-5018,
Coastal Real Estate,
Sophia McDonald DRE #01487058 805-234-5828,
Coastal Real Estate
$989,500
733 Lilac Dr, Los Osos, CA 93402
3beds
1,315sqft
Est.:
Single Family Residence
Built in 1961
7,841 Square Feet Lot
$969,500 Zestimate®
$752/sqft
$-- HOA
What's special
Eco-friendly cabinetryFully fenced backyardPrivate en-suite bathOpen and airy layoutNatural lightPrimary suiteQuartz countertops
- 49 days
- on Zillow |
- 1,532 |
- 55 |
Zillow last checked: 7 hours ago
Listing updated: August 09, 2025 at 03:57pm
Listing Provided by:
Christine McDonald DRE #01193039 805-441-5018,
Coastal Real Estate,
Sophia McDonald DRE #01487058 805-234-5828,
Coastal Real Estate
Source: CRMLS,MLS#: SC25143202
Originating MLS: California Regional MLS

Travel times
Tour with a buyer's agent
Tour with a buyer's agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
- Main level bathrooms: 2
- Main level bedrooms: 3
Rooms
- Room types: Bedroom, Kitchen, Living Room, Primary Bathroom, Primary Bedroom
Primary bedroom
- Features: Main Level Primary
Bedroom
- Features: Bedroom on Main Level
Cooling
- None
Appliances
- Laundry: In Garage
Features
- Bedroom on Main Level, Main Level Primary
- Has fireplace: Yes
- Fireplace features: Living Room
- Common walls with other units/homes: No Common Walls
Interior area
- Total interior livable area: 1,315 sqft
Video & virtual tour
Property
Parking
- Total spaces: 2
- Parking features: Garage - Attached
- Attached garage spaces: 2
Features
- Levels: One
- Stories: 1
- Entry location: 1
- Pool features: None
- Has view: Yes
- View description: Bay, Peek-A-Boo, Rocks
- Has water view: Yes
- Water view: Bay
Lot
- Size: 7,841 Square Feet
- Features: Yard
Details
- Parcel number: 074381005
- Zoning: RSF
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Condition
- New construction: No
- Year built: 1961
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
Community & HOA
Community
- Features: Hiking, Urban
- Subdivision: Morro Palisades(620)
Location
- Region: Los Osos
Financial & listing details
- Price per square foot: $752/sqft
- Tax assessed value: $396,712
- Annual tax amount: $7,135
- Date on market: 6/26/2025
- Listing terms: Cash,Cash to New Loan,Conventional,Owner May Carry
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