Property Details
About this Property
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.
MLS Listing Information
MLS #
CRSC24229005
MLS Source
California Regional MLS
Days on Site
43
Lots & Land Information
Fencing
None
Lot Description
Grade - Level
Parking, School, and Other Information
HOA Fee
$0
Zoning
D1, PRKG, LWS
Neighborhood: Around This Home
Neighborhood: Local Demographics
Nearby Homes for Sale
2783 Coral Ave is in Morro Bay, CA 93442. This Land is currently priced at $3,350,000. This address can also be written as 2783 Coral Ave, Morro Bay, CA 93442.
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This listing information is up-to-date as of December 10, 2024. For the most current information, please contact Frankie Ciano, (805) 748-1026
