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2783 Coral Ave

Morro Bay, CA 93442
  • $2,500,000
  • STATUS: Active
  • ON SITE: 142 Days
  • ID#: SC24042430
UPDATED: 142 min ago
$2,500,000
  • 0
    BEDS
  • 0.99
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Vacant Land / Lots
County:

School Ratings & Info

Listing Agent(s): Frankie Ciano of Ciano Real Estate, Inc. (805-771-9779)


Description

Embark on an exceptional investment and development venture situated between the acclaimed Beach Tract and the renowned Cloisters neighborhoods. This fully approved 5-lot subdivision, set against the scenic backdrop west of Highway 1, presents an extraordinary opportunity for visionary development. Nestled within Morro Bay's most sought-after locale, this one-acre parcel is poised for transformation. The Cloisters spans an impressive 84 acres, featuring 57 acres of dedicated open space preserve, a charming one-acre public park, and an extensive network of over two miles of paved trails, including direct beach access. Your investment stands as a gateway to this coastal haven. Included in this rare offering is more than just land; it comes complete with a comprehensive package, including approved architectural plans, meticulously crafted landscape designs, construction documents, Coastal Commission approval, and permits extending through February 2025. Your path to success is illuminated, and the time to seize this opportunity is now. This isn't just a real estate venture; it's a chance to be part of the legacy of Morro Bay's coastal evolution. With a proven demand for single-family homes in this sought-after beachside community, capitalize on the current market dynamics and secure your place in history. Don't miss out on this once-in-a-lifetime opportunity to shape the future of Morro Bay's real estate landscape.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2024-07-22T13:34:20.063. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Accardo Real Estate Associates | Compass. Licensed in the State of California, USA.
www.naylorproperties.com/homes/148208151
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2783 Coral Ave Morro Bay, CA 93442

  • Price: $2,500,000
  • Status: Active
  • On Site: 142 Days
  • Updated: 142 min ago
  • ID#: SC24042430
0
Beds
0
Baths
0
½ Baths
0.99
Acres
Neighborhood:
Cloisters(740)
County:
San Luis Obispo
Area:
MRBY - Morro Bay
Property Description
Embark on an exceptional investment and development venture situated between the acclaimed Beach Tract and the renowned Cloisters neighborhoods. This fully approved 5-lot subdivision, set against the scenic backdrop west of Highway 1, presents an extraordinary opportunity for visionary development. Nestled within Morro Bay's most sought-after locale, this one-acre parcel is poised for transformation. The Cloisters spans an impressive 84 acres, featuring 57 acres of dedicated open space preserve, a charming one-acre public park, and an extensive network of over two miles of paved trails, including direct beach access. Your investment stands as a gateway to this coastal haven. Included in this rare offering is more than just land; it comes complete with a comprehensive package, including approved architectural plans, meticulously crafted landscape designs, construction documents, Coastal Commission approval, and permits extending through February 2025. Your path to success is illuminated, and the time to seize this opportunity is now. This isn't just a real estate venture; it's a chance to be part of the legacy of Morro Bay's coastal evolution. With a proven demand for single-family homes in this sought-after beachside community, capitalize on the current market dynamics and secure your place in history. Don't miss out on this once-in-a-lifetime opportunity to shape the future of Morro Bay's real estate landscape.
Exterior Features

Fencing None Lot Features 2-5 Units/AcreCorner LotStreet Level Road Frontage Type City StreetHighway View YN Yes

Property Features

Additional Parcels YN No Association Fee 0 Association YN Yes Common Interest None Community Features BikingCurbsParkPreserve/Public LandSidewalks Current Financing None Land Lease YN No Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash to New Loan New Construction YN No Senior Community YN No Special Listing Conditions Standard Utilities Water Not Available Water Source PublicNone Zoning REC



Based on information from California Regional Multiple Listing Service, Inc. as of 2024-07-22T13:34:20.063. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Accardo Real Estate Associates | Compass. Licensed in the State of California, USA.
 
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Accardo Real Estate Associates | Compass
1820 S. Elena Ave. Ste. H
Redondo Beach CA, 90064
Listing Agent(s): Frankie Ciano of Ciano Real Estate, Inc. (805-771-9779)