2783 Coral Ave
Morro Bay, CA 93442
- – beds
- – baths
- 43,124 sqft
- ~1 acre lot
- $77 per sqft
- – 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.
Last checked:
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Last updated Dec 12, 2024
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MLS# CRSC24229005 —
This property is listed in more than one place. See it here.
The Building
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Building Area Units:Square Feet
Room Dimensions
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Living Area:43124
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Living Area Units:Square Feet
Location
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Directions:Corner of Coral and San Jacinto
The Property
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Property Type:Land
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Property Subtype:Unimproved Land
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Parcel Number:065386015
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Zoning:REC
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Lot Features:Corner Lot
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Lot Size Area:0.99
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Lot Size Acres:0.99
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Lot Size SqFt:43124
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Lot Size Units:Acres
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View:Other
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View:true
Listing Agent
- Contact info:
- Agent phone:
- (805) 748-1026
Taxes
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Tax Tract:106.03
The Listing
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Listing Terms:Cash
Utilities
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Utilities:Other Water/Sewer
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Electric On Property:true
The Community
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Association:true
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).
Max Internet Speed
Provided by BroadbandNow®
This is the maximum advertised internet speed available for this home. Under 10 Mbps is in the slower range, and anything above 30 Mbps is considered fast. For heavier internet users, some plans allow for more than 100 Mbps.
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
11/8/24
Nov 8, 2024
|
Listed / Active | BRIDGE | $3,350,000 | 319.3% (39.5% / YR) |
|
8/23/23
Aug 23, 2023
|
Listed / Active | BRIDGE | ||
|
10/6/16
Oct 6, 2016
|
CRMLS_CA | $799,000 |
