2783 Coral Ave, Morro Bay, CA 93442 - Berkshire Hathaway HomeServices California Properties
2783 Coral Ave Morro Bay, CA 93442
$3,350,000 0 beds, 0 baths
0 sqft

Agent Remarks

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 Details

Property type: (Lots/Land)
Status: Active
MLS# SC24229005
List price is $3,350,000
HOA Fee is $0.00
Beds: 0
Baths: 0
0.99 acres
Lot size: 0.9900
Subdivision: Beach Tract(730)
County: San Luis Obispo
Zoning: REC
Lot description: TwoToFiveUnitsAcre,Corner Lot,Street Level
MLS area: MRBY - Morro Bay

Last Updated: 3/31/2025

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This listing belongs to the MRBY - Morro Bay MLS area

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Lat/Long: 35.392765, -120.861172.
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Listing Agent: Frankie Ciano
Lic#: 01801928
Office Name: Sherman Oaks

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