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Additional details
$ 3,350,000
Est. payment /mo
Active
2783 Coral Ave Morro Bay, CA 93442
0.99 Acres Lot
UPDATED:
Key Details
Property Type Vacant Land
Sub Type Lots/Land
Listing Status Active
Purchase Type For Sale
Subdivision Beach Tract(730)
MLS Listing ID SC24229005
Lot Size 0.990 Acres
Property Sub-Type Lots/Land
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 with a recorded final map, 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 accessan 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. Dont miss out on the chance to shape the future of Morro Bays 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
Direction Corner of Coral and San Jacinto St.
Interior
Fireplace No
Exterior
Utilities Available Below Ground, Cable TV, Electric
View Y/N No
Present Use Residential
Others
Senior Community No
Tax ID 065386015
Acceptable Financing Cash
Listing Terms Cash
Listed by Frankie Ciano, DRE#01412309 Ciano Real Estate, Inc.
NEARBY SCHOOL & BUSINESS
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