2783 Coral Avenue

Morro Bay, CA 93442

$2,800,000
Price
43,124 / 0.99
Lot Size / Acres

Description

Embark on an exceptional investment and development venture situated between the acclaimed Beach Tract and the renowned Cloisters neighborhoods. This fully approved 5-lot subdivision, set against the scenic backdrop west of Highway 1, presents an extraordinary opportunity for visionary development. Nestled within Morro Bay's most sought-after locale, this one-acre parcel is poised for transformation. The Cloisters spans an impressive 84 acres, featuring 57 acres of dedicated open space preserve,...Embark on an exceptional investment and development venture situated between the acclaimed Beach Tract and the renowned Cloisters neighborhoods. This fully approved 5-lot subdivision, set against the scenic backdrop west of Highway 1, presents an extraordinary opportunity for visionary development. Nestled within Morro Bay's most sought-after locale, this one-acre parcel is poised for transformation. The Cloisters spans an impressive 84 acres, featuring 57 acres of dedicated open space preserve, a charming one-acre public park, and an extensive network of over two miles of paved trails, including direct beach access. Your investment stands as a gateway to this coastal haven. Included in this rare offering is more than just land; it comes complete with a comprehensive package, including approved architectural plans, meticulously crafted landscape designs, construction documents, Coastal Commission approval, and permits extending through February 2025. Your path to success is illuminated, and the time to seize this opportunity is now. This isn't just a real estate venture; it's a chance to be part of the legacy of Morro Bay's coastal evolution. With a proven demand for single-family homes in this sought-after beachside community, capitalize on the current market dynamics and secure your place in history. Don't miss out on this once-in-a-lifetime opportunity to shape the future of Morro Bay's real estate landscape.
  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
Lot Size Source
Assessor
Assessor Parcel Number
065386015
New Construction
No
Pool
No
View
Yes
Association
Yes
Association Fee
$.00

Location

Listing Courtesy of Ciano Real Estate, Inc., Frankie Ciano, DRE #01412309
Add your commute
LISTING UPDATED: 03/01/2024 07:43 AM

Property Details for 2783 Coral Avenue

StatusActive
MLS #SC24042430
Days on Market62
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeLand
MLS TypeLot/Land
Year Built-
Lot Size0.99 AC
CountySan Luis Obispo County

Location

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

Building Information for 2783 Coral Avenue

Lot Size0.99 AC

Payment Calculator

$15,281 per month

30 year fixed, 7.25% Interest

Principal and Interest

$15,281

Property Taxes

—

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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
Distance To
  • Distance To Water: 0
Land/Lot Info
  • Lot Features: 2-5 Units/Acre, Corner Lot, Level with Street
  • Lot Location: Preserve/Public Land, Corner Lot
  • Land Lease: No
  • Land Lease Type: Fee
  • Topography: Level
  • Road Frontage Type: City Street, Highway
  • Water: None, Public
  • Water Source: None, Public
Parking Info
  • Carport Spaces: 0
Property / Structure Info
  • Builders Tract Name: Cloisters
  • Builders Tract Code: Cloisters(740)

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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Similar Sold 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 March 1, 2024 by Ciano Real Estate, Inc., it's currently listed at $2,800,000. 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. No financial or legal advice provided. Equal Housing Opportunity.

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.