CA > Morro Bay > Beach Tract(730)
Morro Bay, CA 93442,2783 Coral Ave
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Morro Bay, CA 93442,2783 Coral Ave
Morro Bay, CA 93442,2783 Coral Ave
Morro Bay, CA 93442,2783 Coral Ave
Morro Bay, CA 93442,2783 Coral Ave
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Ryan Shimp

Ryan Shimp

+1(818) 314-8606
$ 3,350,000
Est. payment /mo
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2783 Coral Ave Morro Bay, CA 93442

0.99 Acres Lot

UPDATED:

12/10/2024 08:22 PM

Key Details

Property Type Vacant Land

Listing Status Active

Purchase Type For Sale

Subdivision Beach Tract(730)

MLS Listing ID SC24229005

HOA Y/N Yes

Lot Size 0.990 Acres

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, 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.

Location

State CA

County San Luis Obispo

Area Mrby - Morro Bay

Zoning REC

Interior

Fireplace No

Exterior

Fence None

Community Features Biking, Curbs, Park, Preserve/Public Land, Sidewalks

Utilities Available Cable Available, Electricity Available, Sewer Available, Underground Utilities, Water Available, Water Not Available

Waterfront Description Beach Access,Ocean Side Of Highway

View Y/N Yes

View Landmark, Peek-A-Boo

Present Use Residential

Building

Lot Description 2-5 Units/Acre, Corner Lot, Street Level

Sewer Public Sewer

Water Public, None

New Construction No

Others

Senior Community No

Tax ID 065386015

Acceptable Financing Cash, Cash to New Loan

Listing Terms Cash, Cash to New Loan

Special Listing Condition Standard

California Regional MLS (CRMLS)
Listed by Frankie Ciano • Ciano Real Estate, Inc. • 805-748-1026

Ryan Shimp

Private Office Advisor | License ID: 01864245

+1(818) 314-8606

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2783 Coral Ave