Keegan Cin | Realtor® | License # DRE 01971604

Property

Morro Bay, CA 93442 2783 Coral Ave

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Presented By: Frankie Ciano with Ciano Real Estate, Inc.; 805-748-1026
  • MLS# SC24229005
  • 11/08/2024
  • Request Tour
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Home Details

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.
Presented By: Frankie Ciano with Ciano Real Estate, Inc.; 805-748-1026

Interior Features for 2783 Coral Ave

Other Interior Features

Air Conditioning Y/NNo
Basement (Y/N)No
Fireplace Y/NNo
Heating Y/NNo

General for 2783 Coral Ave

Additional Parcels Y/NNo
Attached Garage No
Carport Y/NNo
CityMorro Bay
Community FeaturesBiking, Curbs, Park, PreservePublicLand, Sidewalks
CountySan Luis Obispo
Current FinancingNone
Current UseResidential
DirectionsCorner of Coral and San Jacinto St.
DisclosuresCityInspectionRequired, CovenantsRestrictionsDisclosure, CoastalCommissionRestrictions, CoastalZone
Electric On Property Y/NNo
Garage Y/NNo
HOAYes
HOA Fee$0.0
Home Warranty Y/NNo
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
Listing TermsCash, CashToNewLoan
Lot Size Square Feet43124.0
Lot Size UnitsSquareFeet
MLS AreaMRBY - Morro Bay
MobileHomeRemainsYNNo
New ConstructionNo
Property Attached Y/NNo
Property TypeLand
Rent Control Y/NNo
Senior Community Y/NNo
SewerPublicSewer
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Subdivision NameBeach Tract(730)
Tax Lot124
UtilitiesCableAvailable, ElectricityAvailable, SewerAvailable, UndergroundUtilities, WaterAvailable, WaterNotAvailable
ViewLandmark, PeekABoo
Waterfront FeaturesBeachAccess, OceanSideOfHighway
Waterfront Y/NNo
ZoningREC

Exterior for 2783 Coral Ave

Crops Included Y/NNo
FencingNone
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesTwoToFiveUnitsAcre, CornerLot, StreetLevel
Lot Size Acres0.99
Lot Size Area43124.0
Lot Size SourceAssessor
Open Parking Y/NNo
Private PoolNo
Road Frontage TypeCityStreet, Highway
Road Surface TypePaved
SpaNo
Water SourcePublic, None

Additional Details

Price History

Keegan Cin

Team Lead
Price $3,350,000
MLS#SC24229005
List Date 11/08/2024
Property Type Land
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