Rare investment and development opportunity. Fully approved 5 lot subdivision in Morro Bay’s most highly regarded beachside neighborhood, The Cloisters. The one-acre parcel located west of Hwy 1 is ready for improvement. Featured nationally in Coastal Living magazine, The Cloisters encompasses 84 acres, with 57 acres of open space preserve, a one-acre public park, and over two miles of paved trails, including beach access. Upon the initial offering, all 120 homes and sites at the Cloisters sold out quickly. Now, a once-in-a-lifetime opportunity opens up again. Sale includes a full set of approved architectural plans, landscape plans, construction documents, Coastal Commission approval, and permits – good through February 2025. Demand for single-family homes in this beachside community is high so take advantage of this favorable time, and be a part of history!
Property Details
Price:
$2,800,000
MLS #:
SC23155605
Status:
Active
Baths:
0
Address:
2783 Coral Ave 065386015
Type:
Land
City:
Morro Bay
Listed Date:
Aug 23, 2023
State:
CA
ZIP:
93442
Subdivision:
Cloisters740
Lot Size:
43,124 sqft / 0.99 acres (approx)
Year Built:
Schools
Interior
Exterior
Community Features
Biking, Curbs, Park, Preserve/ Public Land, Sidewalks
Fencing
None
Lot Features
2-5 Units/ Acre, Corner Lot, Level with Street
View
Dunes
Water Source
None, Public
Financial
Association Fee
0.00
Map
Contact Us
Mortgage Calculator
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Born and raised in Massachusetts and living throughout New England, Bunny has always enjoyed being close to the coast. Her move to California’s Central Coast has kept her near lovely, natural beaches with the added attraction of the desirable Mediterranean climate. Her love of this area makes her a natural ambassador in presenting the communities to newcomers. She enhances her knowledge of the Central Coast with over thirty years of professional real estate experience, as well as a background a…
More About Bunny
Courtesy of Compass. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than CornerStone Real Estate include the name of the listing broker. Neither the listing company nor CornerStone Real Estate shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2023. California Regional Multiple Listing Service. All rights reserved. 2783 Coral Ave 065386015
Morro Bay, CA
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