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$2,500,000
142 Days Online

2783 Coral Ave
Morro Bay, CA 93442

For Sale|Land|Active
Subdivision:
Cloisters(740)
County:
San Luis Obispo
Listed by Frankie Ciano of Ciano Real Estate, Inc. 805-748-1026

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(805)-771-9779
2783 Coral Ave2783 Coral Ave2783 Coral Ave2783 Coral Ave
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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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Listing Snapshot
Price 
$2,500,000
Days Online 
142 Days
Bedrooms 
N/A
Inside Area (SqFt) 
N/A
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.99 Acres
Year Built 
N/A
MLS® Number 
SC24042430
Status 
Active
Property Tax 
N/A
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
4 weeks agoListing updated with changes from the MLS®
4 weeks agoPrice changed to $2,500,000
5 months agoListing first seen online
General Features
Acreage 
0.99
Water 
PublicNone
Utilities 
Water Not Available
Zoning 
REC
Listing Conditions 
Standard
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Exterior Features
Fencing 
None
Lot 
Item25 Units AcreCorner LotStreet Level
Road Frontage 
City StreetHighway
Community Features
Association Dues 
0
Community Features 
BikingCurbsParkPreserve Public LandSidewalks
Senior Community 
No
MLS Area 
MRBY - Morro Bay


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. The display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

Neighborhood & Commute
Source: Walkscore
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