Rare Ocean View Development Opportunity in Morro Bay: Welcome to 545 Atascadero Road — a prime 25,000 sq ft (0.57 acres) ocean view lot in one of Morro Bay’s most coveted neighborhoods. This expansive and gently sloped rectangular parcel is zoned R4 for high-density residential development, offering a rare opportunity to build a legacy property just minutes from the Pacific Ocean. Surrounded by well-established, high-value homes, this site is one of the last remaining infill development opportunities within city limits. The lot’s central location provides easy access to Highway 41, and is ideally situated less than a mile to the beach and just over a mile to Morro Bay’s vibrant Downtown shops, restaurants, and Embarcadero. With its favorable topography, panoramic views, and versatile zoning, this property is perfect for investors, developers, or visionaries looking to create a multi-unit residential project on California’s iconic Central Coast. Whether you’re planning a luxury townhouse development or long-term income property, this land delivers exceptional potential in a location that continues to grow in value and appeal. Don''t miss this chance to shape the future of Morro Bay.
Property Details
Price:
$495,000
MLS #:
SC25158206
Status:
Active
Baths:
0
Type:
Land
Neighborhood:
mrbymorrobay
Listed Date:
Jul 14, 2025
Lot Size:
25,000 sqft / 0.57 acres (approx)
Schools
Interior
Exterior
Community Features
Biking, Curbs, Dog Park, Fishing, Sidewalks, Street Lights, Suburban
Financial
Map
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Community
- Address545 Atascadero Road 068231016 Morro Bay CA
- NeighborhoodMRBY – Morro Bay
- CityMorro Bay
- CountySan Luis Obispo
- Zip Code93442
Subdivisions in Morro Bay
Property Summary
- 545 Atascadero Road 068231016 Morro Bay CA is a Land for sale in Morro Bay, CA, 93442. It is listed for $495,000 and features 1 acres.
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Courtesy of Eighty20 Group. 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 2025. California Regional Multiple Listing Service. All rights reserved. 545 Atascadero Road 068231016
Morro Bay, CA
