Active

2783 Coral Ave

Morro Bay, CA 93442
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SqFt43,124

Sqft(Lot)

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 with a recorded final map, 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 dire ct 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.

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Detail Ic Property Details

Property Type : Land

Price : $3,350,000

AD Id : 60415242

MLS Id : SC24229005

Lot Size : 43,124 Sqft(Lot)

County : San Luis Obispo

Subdivision: Fallbrook

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Feature Features

  • Water/Sewer

    Water Source: Public,None Sewer: Public Sewer

  • Fencing

    None

  • Lot Details

    Lot Dimensions Source: Vendor Enhanced Lot Size Acres: 0.99
  • Lot Size Source: Assessor Lot Size Square Feet: 43124

  • Listing Price Information

    Original List Price: 3,350,000 Listing Contract Date: 2024-11-08
  • Lease Information

    Listing Agreement: Exclusive Right To Sell

  • Tax Information

    Parcel Number: 065386015

  • Garage and Parking

    Homeowners Association

    Association: Yes

  • Other Property Info

    Source Listing Status: Active Source Neighborhood: MRBY - Morro Bay Directions: Corner of Coral and San Jacinto St. Zoning: REC Source Property Type: Land Area: MRBY - Morro Bay
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
1800 Atascadero Road, Morro Bay, CA, 93442 $15,500,000 -- -- -- 15,246,000 Sqft(Lot)
731 Butte, Morro Bay, CA, 93442 $289,500 -- -- -- 5,378 Sqft(Lot)
670 Sequoia Court, Morro Bay, CA, 93442 $499,000 -- -- -- 20,038 Sqft(Lot)
541 Atascadero, Morro Bay, CA, 93442 $879,000 -- -- -- 9,013 Sqft(Lot)
2900 Alder Avenue, Morro Bay, CA, 93442 $395,000 -- -- -- 6,000 Sqft(Lot)
Atascadero Road, Morro Bay, CA, 93442 $3,900,000 -- -- -- 162,479 Sqft(Lot)

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ByOwner last updated this listing 06/10/2026 @ 03:15

MLS: SC24229005 LISTED BY: Frankie Ciano, Ciano Real Estate, Inc. 805-771-9779 SOURCE: CRMLS

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