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2783 Coral Ave

Morro Bay, CA 93442
  • $3,350,000
  • STATUS: Active
  • ON SITE: 30 Days
  • ID#: SC24229005
UPDATED: 77 min ago
$3,350,000
  • 0
    BEDS
  • 0.99
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Vacant Land / Lots
County:

School Ratings & Info

Listing Agent(s): Frankie Ciano of Ciano Real Estate, Inc. (805-771-9779)


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. Dont miss out on the chance to shape the future of Morro Bays 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.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2024-12-09T09:24:44.037. 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 deemed reliable but is not guaranteed accurate by the MLS or RE/MAX Freedom. Licensed in the State of California, USA.
www.homesinthehighdesert.com/homes/157697086
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2783 Coral Ave Morro Bay, CA 93442

  • Price: $3,350,000
  • Status: Active
  • On Site: 30 Days
  • Updated: 77 min ago
  • ID#: SC24229005
0
Beds
0
Baths
0
½ Baths
0.99
Acres
Neighborhood:
Beach Tract(730)
County:
San Luis Obispo
Area:
MRBY - Morro Bay
Property 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. Dont miss out on the chance to shape the future of Morro Bays 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.
Exterior Features

Fencing None Lot Features 2-5 Units/AcreCorner LotStreet Level Road Frontage Type City StreetHighway Road Surface Type Paved Sign On Property YN Yes View LandmarkPeek-A-Boo View YN Yes Waterfront Features Beach AccessOcean Side Of Highway

Property Features

Additional Parcels YN No Association Fee 0 Association YN Yes Common Interest None Community Features BikingCurbsParkPreserve/Public LandSidewalks Current Financing None Disclosures City Inspection RequiredCovenants/Restrictions DisclosureCoastal Commission RestrictionsCoastal Zone Land Lease YN No Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash to New Loan New Construction YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Utilities Cable AvailableElectricity AvailableSewer AvailableUnderground UtilitiesWater AvailableWater Not Available Water Source PublicNone Zoning REC



Based on information from California Regional Multiple Listing Service, Inc. as of 2024-12-09T09:24:44.037. 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 deemed reliable but is not guaranteed accurate by the MLS or RE/MAX Freedom. Licensed in the State of California, USA.
 
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RE/MAX Freedom
12180 Ridgecrest Rd. Building E Ste. 522
Victorville CA, 92395
Listing Agent(s): Frankie Ciano of Ciano Real Estate, Inc. (805-771-9779)