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2783 Coral Ave, Morro Bay, CA 93442
$2,800,000
2783 Coral Ave, Morro Bay, CA 93442View this property at 2783 Coral Ave, Morro Bay, CA 93442
2783 Coral AveMorro BayCA93442
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Property Description
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.
Full Property Details
Full Property Details for 2783 Coral Ave
General
- Price: $2,800,000
- Status: Active
- Type: Lots/Land
- MLS ID: SC24042430
- Updated: 3/22/2024
- Days on Market: 62 days
- Added to Site: 62 day(s) ago
Location
- Area: MRBY - Morro Bay
- County: San Luis Obispo
- Development Name: MRBY - Morro Bay
- Subdivision: Cloisters(740)
- Driving Directions: Corner of Coral and San Jacinto St.
Utilities
- Water: None, Public
Lot Features
- Property View: Dunes
- Lot Size (Acres): 0.99
- Lot Size (Sq. Ft.): 43,124
- Lot Size Source: Assessor
- Zoning: REC
- Lot Description: Biking, Curbs, Park, Preserve/Public Land, Sidewalks
- Fencing (Description): None
Financial Considerations
- Price Per Sq. Ft.: $64.93
Disclosures and Reports
- Buyer’s Brokerage Compensation: 3%
Listed by Ciano Real Estate, Inc., Frankie Ciano
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Schools
Schools serving 2783 Coral Ave
School District:San Luis Coastal Unified School District
Rating | Name | Grades | Distance |
---|---|---|---|
501 Sequoia St, Morro Bay, CA 93442 | K-6 | 0.3 mi | |
1555 El Morro Ave, Los Osos, CA 93402 | 7-8 | 5.2 mi | |
235 Atascadero Rd, Morro Bay, CA 93442 | 9-12 | 0.8 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 2783 Coral Ave
Date
Details
Price
Change
Source
3/01/2024
Listed
$2,800,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 2783 Coral Ave
2783 Coral Ave, Morro Bay, CA 93442 (MLS# SC24042430) is a Lots/Land property with a lot size of 0.9900 acres. 2783 Coral Ave is currently listed for $2,800,000 and was received on March 01, 2024. Want to learn more about 2783 Coral Ave? Do you have questions about finding other Lots/Land real estate for sale in Morro Bay? You can browse all Morro Bay real estate or contact a Coldwell Banker agent to request more information.