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Listed by Frankie Ciano • Ciano Real Estate, Inc.
$3,350,000
Est. payment /mo
0.99 Acres Lot
Active
2783 Coral Ave Morro Bay, CA 93442
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Key Details
Property Type Vacant Land
Sub Type Other Residential Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRSC24229005
Lot Size 0.990 Acres
Property Sub-Type Other Residential Land
Source California Regional MLS
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
Area Mrby - Morro Bay
Zoning D1,PRKG,LWS
Exterior
Fence None
Utilities Available Electricity - On Site, Underground - On Site
View Other, 30
Building
Lot Description Grade - Level
Water District - Public
Others
Tax ID 065386015
Special Listing Condition Not Applicable
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