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2783 Coral Ave

Morro Bay, CA 93442

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$3,350,000

0.99 acre

2783 Coral Ave

Morro Bay, CA 93442

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Listed On: 11/08/2024
Status: Active
Listing Number: SC24229005 (CRMLS)

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Contact Info

Advertising Agent:

London Properties, Ltd.
London Properties, Ltd. 559.436.4071 Email Agent
Property Description
Listing Agent: Frankie Ciano, Ciano Real Estate, Inc.

 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.
Special Listing Conditions
Standard
Current Use
Residential
Price Per Square Foot
$78
Days On Market
422
Cumulative Days On Market
661
County Or Parish
San Luis Obispo
New Construction Y/N
No
Directions
Corner of Coral and San Jacinto St.
Disclosures
CC And R's, City Inspection Required, Coastal Commission Restrictions, Coastal Zone
Utilities
Cable Available, Electricity Available, Sewer Available, Underground Utilities, Water Available
Water Source
None, Public
Sewer
Public Sewer
Lot Features
2-5 Units/Acre,Corner Lot,Level with Street
Lot Size Area
43124.0000
Lot Size Units
Square Feet
Elevation Units
Feet
Road Frontage Type
City Street, Highway
Road Surface Type
Paved
View Y/N
Yes
View
Dunes, Landmark, Peek-A-Boo
Waterfront Features
Beach Access, Ocean Side Of Highway 1
Fencing
None
Common Interest
None
Parcel Number
065386015
Additional Parcels Y/N
No
Zoning
REC
Subdivision Name
Beach Tract(730)
Subdivision Name Other
Cloisters(740)
Community Features
Biking, Curbs, Park, Preserve/Public Land, Sidewalks
Senior Community Y/N
No
Association Y/N
Yes
Land Lease Y/N
No
Tax Census Tract
106.03
Tax Lot
124
Tax Tract Number
1996

The data relating to real estate for sale on this web site comes in part from the Internet Data eXchange (IDX) of the Multiple Listing Service. Real estate listings are marked with the IDX logo and detailed information about them includes the name of the listing broker and the name of the listing agent. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing. Information herein deemed reliable but not guaranteed, representations are approximate, individual verification recommended.

Copyright © 2026  London Properties, Ltd. All rights reserved.

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