Calling all visionaries. This classic 2-story duplex in Cayucos on the west side of Hwy 1 is ready for its transformation. The current layout offers 1600+ sq ft and is split into two units…an upper 2BD/1BA with a cottage feel and a large 1BD/1BD lower unit. Current architectural plans are available for a new owner to pick up on the current rebuild vision or consider something entirely new to create a custom coastal retreat. Plus, the property currently has an ACTIVE VACATION RENTAL LICENSE for those considering an investment property. An expansive hillside deck has the potential to more than double outdoor living space with panoramic views from up above the home. The upstairs main living space has retained some of the original mid-century touches and quirky built-ins that give this home a unique, charming cottage vibe plus wall-to-wall windows with views of the Pacific Ocean, Morro Rock, and the Cayucos Pier to watch incredible sunsets year-round. Both units have galley style kitchens, ceiling fans, and vintage tile bathrooms. There's a carport for a small vehicle or outdoor seating area and storge closets plus limited on-street parking. Downtown Cayucos is just down the hill, with local restaurants, shops, the new Cayucos Landing community space, and activities plus public beach access that spans several miles of beautiful coastline.