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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.PROPERTY FEATURES
Sewer: Public Sewer
Water Source: None,Public
Lot Features: 2-5 Units/Acre,Corner Lot,Level with Street
Fencing: None
Current Use: Residential
Road Frontage: City Street,Highway
Road Surface: Paved
Parcel Identification Number: 065386015
Zoning: REC
MLSAreaMajor: MRBY - Morro Bay
Distance To Water: 0
PROPERTY DETAILS
Street Address: 2783 Coral Ave
City: Morro Bay
State: California
Postal Code: 93442
County: San Luis Obispo
MLS Number: SC24229005
Courtesy of Ciano Real Estate, Inc.
City: Morro Bay
State: California
Postal Code: 93442
County: San Luis Obispo
MLS Number: SC24229005
Courtesy of Ciano Real Estate, Inc.
Courtesy of McCarty Davis, Inc.
