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2783 Coral Ave, Morro Bay, CA 93442

$3,350,000
  • 2783 Coral Ave, Morro Bay, CA 93442 Main Photo

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Active
LOT SIZE 0.990 acres MLS#SC24229005
STATUSActive PROPERTY TYPELand - Residential SUBDIVISIONBeach Tract(730)

Listing Courtesy of: Ciano Real Estate, Inc.
Agency Phone: 805-771-9779
Associate Name: Frankie Ciano
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Listing Shown by: Farrell Smyth, Inc.
Agency Phone: 805-543-2172


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 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. 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.

2783 Coral Ave | MLS# SC24229005

This land located at 2783 Coral Ave, Morro Bay, CA 93442 is currently listed for sale with an asking price of $3,350,000. The property has approximately 0.99 Acres. Search Morro Bay real estate on www.farrellsmyth.com today.

Property Features

Property Type: Land - Residential
Lot Size: 0.99 Acres

Feature Descriptions

Community Features: Biking, Curbs, Park, Preserve/Public Land, Sidewalks
Days on Site: 480
Fencing: None
Lot: 2-5 Units/Acre, Corner Lot, Street Level
Parcel#: 065386015
Sewer: Public Sewer
Special View Info: Landmark, Peek-A-Boo
Utilities: Cable Available, Electricity Available, Sewer Available, Underground Utilities, Water Available, Water Not Available
Water: Public, None
Water Features: Beach Access, Ocean Side Of Highway

Listed By / Shown By

Listed By

Agency Name: Ciano Real Estate, Inc.
Agency Phone: 805-771-9779
Agent Name: Frankie Ciano

Shown By

Agency Title: Farrell Smyth, Inc.
Agency Phone: 805-543-2172

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Estimated Payment

$ 8,432.73 per month $7,455.65 Principal & Interest $0.00 Property Tax (data not provided by mls) $977.08 Homeowner's Insurance

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