Active
2783 Coral Ave
Morro Bay CA, 93442
$2,500,000
$57.97 per sqft
Active
0.99 Acres
Land
Listed by Frankie Ciano with Ciano Real Estate, Inc. 805-748-1026
Embark on an exceptional investment and development venture situated between the acclaimed Beach Tract and the renowned Cloisters neighborhoods. This fully approved 5-lot subdivision, set against the scenic backdrop west of Highway 1, presents an extraordinary opportunity for visionary development. Nestled within Morro Bay's most sought-after locale, this one-acre parcel is poised for transformation. The Cloisters spans an impressive 84 acres, featuring 57 acres of dedicated open space preserve, a charming one-acre public park, and an extensive network of over two miles of paved trails, including direct beach access. Your investment stands as a gateway to this coastal haven. Included in this rare offering is more than just land; it comes complete with a comprehensive package, including approved architectural plans, meticulously crafted landscape designs, construction documents, Coastal Commission approval, and permits extending through February 2025. Your path to success is illuminated, and the time to seize this opportunity is now. This isn't just a real estate venture; it's a chance to be part of the legacy of Morro Bay's coastal evolution. With a proven demand for single-family homes in this sought-after beachside community, capitalize on the current market dynamics and secure your place in history. Don't miss out on this once-in-a-lifetime opportunity to shape the future of Morro Bay's real estate landscape.
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MLSⓇ ID
March 1, 2024
Listed
September 20, 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
Other Property Details
Area Name
MRBY - Morro Bay
Days on Market
117
Association Fee
Not Listed
Garage
No
View
Yes
County
San Luis Obispo
Water Source
Public, None
Pool
No
Zoning
REC
Listing History
Date | Event | Price |
---|---|---|
6/26/2024 | Price change | $2,500,000 -11% |
Listing Contact: 805-771-9779
Based on information from the California Regional Multiple Listing Service (CRMLS) as of 9/20/2024. 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.
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Data last updated on 9/20/2024 at 12:07 AM UTC