$3,350,000

2783 Coral Ave Morro Bay, CA 93442

Estimated payment $21,199/month

Total Views 26,984
0.99 Acre
$3,383,838 Price per Acre
43,124 Sq Ft Lot

Highlights

  • Beach Access
  • Ocean Side of Highway 1
  • 0.99 Acre Lot
  • Del Mar Elementary School Rated A-
  • Peek-A-Boo Views
  • 5-minute walk to Cloisters Park

About This Lot

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 Agent

Frankie Ciano

Ciano Real Estate, Inc. Brokerage Phone: 805-748-1026 License #01412309 Listed on: 11/08/2024

Property Details

Property Type

  • Land

Lot Details

  • 0.99 Acre Lot
  • Property fronts a highway
  • Corner Lot
  • Level Lot
  • Density is 2-5 Units/Acre
  • Property is zoned REC

Property Views

  • Peek-A-Boo
  • Views of a landmark
  • Dune

Utilities

  • Underground Utilities
  • Water Available
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 124
  • Tax Tract Number 1996
  • Assessor Parcel Number 065386015
  • Seller Considering Concessions

Community Details

Overview

  • Property has a Home Owners Association
  • Beach Tract Subdivision
  • Property is near a preserve or public land

Recreation

  • Park
  • Bike Trail
  • Beach Access
  • Ocean Side of Highway 1

Property Details

Property Type

Land

Lot Details

0

Listing Details

  • Current Use: Residential
  • Road Frontage Type: City Street, Highway
  • Road Surface Type: Paved
  • Subdivision Name Other: Cloisters(740)
  • View: Yes
  • Zoning: REC
  • Property Type: Land
  • Parcel Number: 065386015
  • AgentOnly_SellerConsiderConcessionYN: Yes
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Price Per Square Foot: 77.68

Exterior Features

  • View: Dunes, Landmark, Peek-A-Boo

Utilities

  • Utilities: Cable Available, Electricity Available, Sewer Available, Underground Utilities, Water Available
  • Sewer: Public Sewer
  • Water Source: None, Public

Condo/Co-op/Association

  • Association: Yes
  • Senior Community: No
  • Community Features: Biking, Curbs, Park, Preserve/Public Land, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre, Corner Lot, Level with Street
  • Lot Size Sq Ft: 43124.00
  • Lot Size Acres: 0.9900

Multi Family

  • Lot Size Area: 43124.0000 Square Feet
  • Waterfront Features: Beach Access, Ocean Side Of Highway 1

Tax Info

  • Tax Census Tract: 106.03
  • Tax Lot: 124
  • Tax Tract Number: 1996

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/08/2024 11/08/24 For Sale $3,350,000 +319.3% --
10/06/2016 10/06/16 Sold $799,000 0.0% --
07/19/2016 07/19/16 Pending -- -- --
05/21/2015 05/21/15 For Sale $799,000 -- --
Source: California Regional Multiple Listing Service (CRMLS)

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SC24229005

California Regional Multiple Listing Service (CRMLS)
California San Luis Obispo County Morro Bay 93442

2783 Coral Ave, Morro Bay, CA

This home is located at 2783 Coral Ave, Morro Bay, CA 93442 and is currently priced at $3,350,000. 2783 Coral Ave is a home located in San Luis Obispo County with nearby schools including Del Mar Elementary School, Los Osos Middle School, and Morro Bay High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. 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

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Frankie Ciano
Listing Agent
Frankie Ciano
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Ciano Real Estate, Inc.
(805) 866-0591