2783 Coral Ave, Morro Bay, CA 93442 (MLS # SC24229005)

Price $3,350,000
Status Active
Beds n/a
Baths 0 Bath
Home size n/a
Lot Size 43,125 sqft
Days on Market 127
Capitalize on an exceptional investment and development opportunity between the desirable Beach Tract and Cloisters neighborhoods. The one-acre parcel comprises five lots, which are being prepped for further improvement. This fully approved subdivision, located West of Highway 1, offers an unparalleled chance for transformative growth in one of Morro Bay's most sought-after areas. This offering includes more than land: it has a complete development package, including approved architectural plans, thoughtfully designed landscaping, detailed construction documents, and Coastal Commission approval with permits. Adjoining The Cloisters encompasses 84 acres, including 57 acres of preserved open space, a one-acre public park, and over two miles of paved trails with direct beach access—an idyllic coastal haven for future residents. This development is positioned for success in a market with strong demand for single-family homes within prime beachside locations. Don’t miss out on the chance to shape the future of Morro Bay’s coastal landscape and make a lasting mark on this vibrant community. The groundwork is laid for a successful project; now is the time to seize this opportunity.
Property Type(s): Lot/Land/Acreage
Last Updated 11/8/2024 Tract Beach Tract(730)
Community Morro Bay County San Luis Obispo

Additional Details

AREA Morro Bay
HOA DUES 0
LOT 0.99 acre(s)
LOT DESCRIPTION 2-5 Units/Acre, Corner Lot, Street Level
SEWER Public Sewer
SUBDIVISION Beach Tract(730)
UTILITIES Cable Available,Electricity Available,Sewer Available,Underground Utilities,Water Available,Water Not Available
VIEW Yes
VIEW DESCRIPTION Landmark,Peek-A-Boo
WATER Public,None
WATERFRONT Yes
WATERFRONT DESCRIPTION Beach Access,Ocean Side Of Highway
ZONING REC

Location

 

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Listed with Ciano Real Estate, Inc.

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