2783 Coral Avenue

Morro Bay, CA 93442

$3,350,000
Price
43,124 / 0.99
Lot Size / Acres

Description

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,...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.
  1. Listed by Frankie Ciano • DRE #01412309 • Brokerage DRE #01937353 • Ciano Real Estate, Inc. • 805-748-1026

Property Details for 2783 Coral Avenue

View
Dunes, Landmark, Peek-A-Boo
Lot Size Source
Assessor
Assessor Parcel Number
065386015
New Construction
No
Pool
No
View
Yes
Association
Yes
Association Fee
$.00
LISTING UPDATED: 12/10/2024 04:22 AM

Property Details for 2783 Coral Avenue

StatusActive
MLS #SC24229005
Days on Market7
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeLand
MLS TypeLot/Land
Year Built-
Lot Size0.99 AC
CountySan Luis Obispo County

Building Information for 2783 Coral Avenue

Lot Size0.99 AC

Property Information for 2783 Coral Avenue

Income / Expense / Tax Details
Income Details
  • Current Financing: None
Tax / Assessment Info
  • Tax Tract Number: 1996
  • Tax Census Tract: 106.03
  • CFD/Mello-Roos Fee: $0
  • Tax Lot: 124
Community / Development
Community / Development
  • Community Features: Biking, Curbs, Park, Preserve/Public Land, Sidewalks
Property / Structure Info
Exterior Features
  • Fence: None
  • Fencing: None
  • View Description: Landmark, Peek-A-Boo
  • Waterfront Features: Beach Access, Ocean Side Of Highway 1
Distance To
  • Distance To Water: 0
Land/Lot Info
  • Sign on Property: Yes
  • Lot Features: 2-5 Units/Acre, Corner Lot, Level with Street
  • Lot Location: Preserve/Public Land, Corner Lot
  • Current Use: Residential
  • Land Lease: No
  • Land Lease Type: Fee
  • Topography: Level
  • Road Surface Type: Paved
  • Road Frontage Type: City Street, Highway
  • Water: None, Public
  • Sewer: Public Sewer
  • Utilities: Cable Available, Electricity Available, Sewer Available, Underground Utilities, Water Available
  • Electric: Cable Available, Electricity Available, Sewer Available, Utilities Underground, Water Available
  • Water Source: None, Public
Parking Info
  • Carport Spaces: 0
Property / Structure Info
  • Builders Tract Name: Beach Tract
  • Builders Tract Code: Beach Tract(730)

Property History for 2783 Coral Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 2783 Coral Avenue

This home is within San Luis Coastal Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - K to 6
Rating
School
Distance
Del Mar Elementary School
PublicK to 5

Los Osos Middle School
Public6 to 8

Morro Bay High School
Public9 to 12

Pacheco Elementary School
PublicK to 6

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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2783 Coral Avenue is a 0.99 ac of land for sale in Morro Bay, CA 93442. This property was listed for sale on November 8, 2024 by Ciano Real Estate, Inc., it's currently listed at $3,350,000. It has been on the market for a total of 7 days and was last sold on October 6, 2016. This listing's school district is San Luis Coastal Unified School District. Nearby schools include Del Mar Elementary School, Los Osos Middle School and Morro Bay High School. 2783 Coral Avenue is a 0-bed, 0-bath, 0.99 ac of land on a 43,124 sq. ft. / 0.99 acres lot.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity. Subject to change at any time. Compass makes no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

Listing Courtesy of Ciano Real Estate, Inc., Frankie Ciano, DRE #01412309

Based on information from one of the following Multiple Listing Services: Santa Barbara MLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Santa Barbara MLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.