$ 3,350,000
2783 Coral Ave Morro Bay, CA 93442
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Listed by Frankie Ciano • Ciano Real Estate, Inc.
$ 3,350,000
Est. payment | /mo
43,124 SqFt
$ 3,350,000
Est. payment | /mo
43,124 SqFt
Key Details
Property Type Vacant Land
Sub Type Unimproved Land
Listing Status Active
Purchase Type For Sale
Square Footage 43,124 sqft
Price per Sqft $77
MLS Listing ID CRSC24229005
HOA Y/N Yes
Originating Board Datashare California Regional
Lot Size 0.990 Acres
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. 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.
Location
State CA
County San Luis Obispo
Interior
Fireplace No
Exterior
View Other
Building
Lot Description Corner Lot, Other
Water Public, None
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