$395,000
$100K PRICE DROP

545 Atascadero Rd Morro Bay, CA 93442

Estimated payment $2,489/month

Total Views 11,540
0.57 Acre
$688,273 Price per Acre
24,999 Sq Ft Lot

Highlights

  • Ocean View
  • Fishing
  • Gentle Sloping Lot
  • Del Mar Elementary School Rated A-
  • No HOA
  • Bike Trail

About This Lot

Rare Ocean View Development Opportunity in Morro Bay: Welcome to 545 Atascadero Road — a prime 25,000 sq ft (0.57 acres) ocean view lot in one of Morro Bay’s most coveted neighborhoods. This expansive and gently sloped rectangular parcel is zoned R4 for high-density residential development, offering a rare opportunity to build a legacy property just minutes from the Pacific Ocean. Surrounded by well-established, high-value homes, this site is one of the last remaining infill development opportunities within city limits. The lot’s central location provides easy access to Highway 41, and is ideally situated less than a mile to the beach and just over a mile to Morro Bay’s vibrant Downtown shops, restaurants, and Embarcadero. With its favorable topography, panoramic views, and versatile zoning, this property is perfect for investors, developers, or visionaries looking to create a multi-unit residential project on California’s iconic Central Coast. Whether you’re planning a luxury townhouse development or long-term income property, this land delivers exceptional potential in a location that continues to grow in value and appeal. Don't miss this chance to shape the future of Morro Bay.

Listing Agent

Farid Shahid

Eighty20 Group Brokerage Phone: 818-961-6508 License #02025653 Listed on: 07/14/2025

Co-Listing Agent

Walker Sotello

Eighty20 Group Brokerage Phone: 818-961-6508 License #02054410

Property Details

Property Type

  • Land

Lot Details

  • 0.57 Acre Lot
  • Fence is in average condition
  • Rectangular Lot
  • Value in Land
  • Property is zoned 60

Parking

  • Gentle Sloping Lot

Property Views

  • Ocean
  • Coastline
  • Panoramic
  • City Lights
  • Dune
  • Mountain
  • Hills
  • Park or Greenbelt
  • Neighborhood

Additional Features

  • Suburban Location
  • Standard Electricity

Listing and Financial Details

  • Tax Lot 3
  • Assessor Parcel Number 068231016
  • Seller Considering Concessions

Community Details

Overview

  • No Home Owners Association

Recreation

  • Fishing
  • Dog Park
  • Bike Trail
  • Exterior Lighting

Property Details

Property Type

Land

Lot Details

0

Listing Details

  • Current Use: Unimproved
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Survey: Survey Done
  • View: Yes
  • Zoning: 60
  • Property Type: Land
  • Parcel Number: 068231016
  • AgentOnly_SellerConsiderConcessionYN: Yes
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Price Per Square Foot: 15.80

Exterior Features

  • View: Dunes, City Lights, Coastline, Hills, Mountain(s), Neighborhood, Ocean, Panoramic, Park/Greenbelt, Water
  • Fencing: Average Condition

Utilities

  • Electric: Standard
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Biking, Curbs, Dog Park, Fishing, Sidewalks, Street Lights, Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Gentle Sloping, Lot 20000-39999 Sqft, Rectangular Lot, Up Slope from Street, Value In Land
  • Lot Size Sq Ft: 25000.00
  • Lot Size Acres: 0.5739
  • Latitude Manual: 35.38263900

Multi Family

  • Lot Size Area: 25000.0000 Square Feet

Tax Info

  • Tax Census Tract: 130.00
  • Tax Lot: 3

Map

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
09/11/2025 09/11/25 Price Changed $395,000 -20.2% --
07/14/2025 07/14/25 For Sale $495,000 -- --
Source: California Regional Multiple Listing Service (CRMLS)

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SC25158206

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

545 Atascadero Rd, Morro Bay, CA

This home is located at 545 Atascadero Rd, Morro Bay, CA 93442 and is currently priced at $395,000. 545 Atascadero Rd 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

Nearby Homes
Farid Shahid
Listing Agent
Farid Shahid
Section Image
Eighty20 Group
(805) 262-9612