Income-Generating Coastal Gem with Stunning 180° Ocean Views in Cayucos. Unlock the incredible rental income potential of this stunning property located on the hill just above the heart of Cayucos. With unparalleled elevated 180-degree ocean views stretching south to Morro Rock and beyond, and north well past the Cayucos pier, this property is a dream destination for owners, vacationers and renters alike. The upper level 3 bedroom, 3 bath, 2500apxsf main home offers breathtaking views from large picture windows in the family room, the breakfast nook, the enclosed sunroom, one of the primary suites, or any of the five view decks on the front of this Mediterranean-style home. The main living area on the upper level features a spacious family room/dining area with a stone gas jet fireplace, a quaint kitchen with a breakfast bar and nook, a butler’s pantry, a formal living room with a brick woodburning/gas fireplace, a guest bath, two primary suites with baths, a private outdoor sitting area between the primary suites, a guest bedroom, a laundry room, and an enclosed sunroom. The lower level apartment offers a 1-bedroom, 1-bath 600apxsf space with a living room, kitchenette, and separate entry, making it perfect for generating rental income or hosting guests. The oversized lot includes a long driveway leading to the 2-car garage at the back of the property and ample off-street parking in the front. Additionally, the large private deck and patio spaces in the rear yard provide excellent retreat areas. This property’s prime location and layout make it ideal for short-term vacation rentals (restrictions apply) or long-term tenants. Imagine offering guests daily beach walks, stunning sunsets, and the soothing sound of waves in a peaceful and picturesque beach town. Located in a friendly and welcoming neighborhood with easy access to local shops, restaurants, and parks, this rare property has all the features to maximize its rental income potential. Whether you're looking for a full-time residence, a vacation home, or an income-generating property with separate family spaces, 285 Bakersfield Ave in Cayucos has it all. All offers seriously considered.