2783 Coral Ave
Morro Bay, CA 93442
- – beds
- – baths
- – sqft
- ~1 acre lot
- – on site
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.
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Last updated Nov 10, 2024
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MLS# SC24229005 —
This property is listed in more than one place. See it here.
The Building
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New Construction:No
Financial & Terms
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Disclosures:CC And R's, City Inspection Required, Coastal Commission Restrictions, Coastal Zone
Location
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Directions:Corner of Coral and San Jacinto St.
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Latitude:35.39276500
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Longitude:-120.86117200
The Property
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Property Type:Land
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Zoning:REC
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Lot Features:2-5 Units/Acre, Corner Lot, Level with Street
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Lot Size Area:43124.0000
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Lot Size Acres:0.9900
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Lot Size SqFt:43124.00
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Lot Size Source:Assessor
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View:1
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View:Dunes, Landmark, Peek-A-Boo
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Fencing:None
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Current Use:Residential
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Road Frontage:City Street, Highway
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Road Surface Type:Paved
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Additional Parcels:No
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Land Lease:No
Listing Agent
- Contact info:
- No listing contact info available
Taxes
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Tax Census Tract:106.03
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Tax Tract:1996
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Tax Lot:124
The Listing
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Special Listing Conditions:Standard
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Parcel Number:065386015
Utilities
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Utilities:Cable Available, Electricity Available, Sewer Available, Underground Utilities, Water Available
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Sewer:Public Sewer
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Water Source:None, Public
The Community
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Subdivision:Beach Tract(730)
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Subdivision:Cloisters(740)
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Senior Community:No
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Features:Biking, Curbs, Park, Preserve/Public Land, Sidewalks
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Waterfront Features:Beach Access, Ocean Side Of Highway 1
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Association:Yes
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
11/8/24
Nov 8, 2024
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Listed / Active | CRMLS_CA | $3,350,000 | 319.3% (39.5% / YR) |
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8/23/23
Aug 23, 2023
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Listed / Active | BRIDGE | ||
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10/6/16
Oct 6, 2016
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CRMLS_CA | $799,000 |
