Active
2783 Coral Ave
Morro Bay CA, 93442
$3,350,000
$77.68 per sqft
Active
0.99 Acres
Land
Listed by Frankie Ciano with Ciano Real Estate, Inc. 805-748-1026
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.
SC24229005
MLSⓇ ID
November 8, 2024
Listed
December 10, 2024
Updated
Map
2783 Coral Ave
Morro Bay CA, 93442
Exterior/Building Features
Lot Size
0.99 Acres
Lot Features
2-5 Units/Acre, Corner Lot, Street Level
Sewer
Public Sewer
Other Property Details
Area Name
MRBY - Morro Bay
Association Fee
Not Listed
Garage
No
View
Yes
View Description
Landmark, Peek-A-Boo
County
San Luis Obispo
Water Source
Public, None
Pool
No
Waterfront
Yes
Zoning
REC
Listing Contact: 805-771-9779
Based on information from the California Regional Multiple Listing Service (CRMLS) as of 12/10/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.
©2024 California Regional Multiple Listing Service (CRMLS) all rights reserved.
Data last updated on 12/10/2024 at 8:51 PM UTC