2783 Coral Ave
Morro Bay, CA 93442
Active for $3,350,000
Beds: N/A Baths: N/A Structure Size: N/A sqft Lot Size: 43,124 sqft
| MLS | SC24229005 |
| Year Built | |
| Property Type | |
| County | San Luis Obispo |
| Status | Active |
| Active | $3,350,000 |
| Structure Size | N/A sqft |
| Lot Size | 43,124 sqft |
| Beds | N/A |
| Baths | N/A |
Description
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.
Listing information courtesy of: Frankie Ciano, Ciano Real Estate, Inc. 805-748-1026. *Based on information from the Association of REALTORS/Multiple Listing as of 11/15/2024 and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Location
Contact a Local Realtor®
Lissette Cee Carretero
REALTOR®
Direct: 805.205.0508
Email: Email Me
DRE: 01964383
DRE #01873088
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