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Nestled on a quiet peninsula in the highly desirable Cuesta by the Sea neighborhood, 399 Mitchell Drive offers a rare opportunity to experience true bay-front living in Los Osos. This beautifully maintained 2-bedroom, 3-bath residence enjoys an exceptional waterfront setting where panoramic Back Bay views, abundant wildlife, and spectacular sunsets become part of everyday life. Completely remodeled down to the studs in 2023, the home blends timeless coastal style with modern craftsmanship and quality throughout. The extensive renovation included a stunning new kitchen with new cabinetry, quartz countertops, a breakfast bar, generous pantry space, and all-new appliances, along with beautifully redesigned bathrooms featuring contemporary finishes. The exterior was refreshed with new cedar siding in 2023. In 2025, the home received a new roof, along with new trim and fascia that were professionally replaced and painted, providing exceptional curb appeal and peace of mind for years to come. Designed to maximize natural light and the surrounding scenery, the open-concept floor plan features vaulted ceilings, luxury vinyl flooring, and seamless indoor-outdoor living. The spacious living and dining areas frame the spectacular bay views, creating an inviting space for everyday living and entertaining. Step outside onto the expansive low-maintenance hardwood deck that wraps around two sides of the home—an ideal setting for morning coffee, entertaining guests, or simply enjoying the peaceful coastal environment. Launch your kayak or paddleboard directly from your backyard and explore the estuary, where egrets, herons, seals, and otters are frequent visitors. Additional highlights include a finished one-car garage equipped with a Rivian Level 2 EV charger, professionally landscaped grounds with drip irrigation, and a serene cul-de-sac location just minutes from Montana de Oro State Park, Morro Bay, hiking and biking trails, and the shops and restaurants of downtown Los Osos. Whether you're seeking a full-time residence, weekend retreat, or coastal sanctuary, this one-of-a-kind waterfront property offers an extraordinary lifestyle where exceptional craftsmanship, modern updates, and California's Central Coast beauty come together.
Listing agent: Graeme Baldwin DRE #01955843 graeme@baldwinresidentialgroup.com, Listing office: Equity Union
MLS data updated 10/17/2026, 1:11:01 AM PT
Source: CRMLS, MLS #: SC26179614
Belmont insights
Compare recorded home prices, same-type ZIP sales and mortgage rates.
Jul 27, 2026
Prices use the left axis; mortgage rates use the right. Hover, tap, or focus the chart and use the arrow keys. Red SOLD badges mark recorded sales.
This home · nearest recorded event
$1,650,000Original asking price · Jul 27, 2026ZIP 93402 · Jul 2026
No monthly averageAt least 3 eligible sales in this month are required.30-year fixed mortgage benchmark
No weekly rateNo published rate within 7 days of this date.No recorded sales in this range. Select All available for older records; missing records do not mean the home never sold.
ZIP averages use publicly displayable closed sales from our licensed MLS feed, matched to the same ZIP and exact property type. Months with fewer than 3 sales are omitted; the current month is incomplete. Lines connect available monthly observations across gaps and do not represent measured prices in missing months. These averages are not adjusted for size, condition, or location within the ZIP, and are not an appraisal. Feed coverage may not include every sale. All available shows the available home and ZIP history, with mortgage rates over the same dates.
Mortgage benchmark: Freddie Mac Primary Mortgage Market Survey®. © Freddie Mac. Weekly national 30-year fixed rates, not APRs or a loan quote. Actual terms vary. Methodology changed in November 2022. The chart does not establish that interest-rate changes caused a home’s price changes.
Lines connect recorded asking and sale prices. They are visual guides, not estimates of the home’s value between those dates.
No earlier records were returned by our current sources. This does not mean the home has never sold.
MLS records may be incomplete. Earlier asking prices are not sale prices.