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.
Property Details
Property Features
Listing Office:
Office Name: Ciano Real Estate, Inc.
Office Phone: (805) 748-1026
Listing Agent: Frankie Ciano
Exterior Features
Exterior Information:
Waterfront: Beach
View: Other
Lot Features
Lot Information:
Lot: Corner Lot
Lot Size: 0.99 Acres
Other
Directions Information:
Directions: Corner of Coral and San Jacinto St.
Price Information
Listing Price Info
Price Summary:
List Price: $3,350,000
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Housing Market Comparison
See how this home compares to others in Morro Bay, CA.
This property is $2.4M more than the Median Sold Price in Morro Bay, CA.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: CRMLS
MLS Number: #SC24229005
Listing Office:
Office Name: Ciano Real Estate, Inc.
Office Phone: (805) 748-1026
Listing Agent: Frankie Ciano
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 11/14/2024, 11:55:53 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
We're sorry, we currently don't have sales or tax history data for this listing.
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
5
/10
Del Mar Elementary School
501 Sequoia St
Distance between this listing and this school0.29 miles
Public District Grades KG-6
6
/10
Baywood Elementary School
1330 9th St
Distance between this listing and this school4.82 miles
Public District Grades KG-6
8
/10
Monarch Grove Elementary School
348 Los Osos Valley Rd
Distance between this listing and this school5.53 miles
Public District Grades KG-6
Nearby Schools
8
/10
Cayucos Elementary School
301 Cayucos Dr
Distance between this listing and this school4.77 miles
Public District Grades KG-8
7
/10
Los Osos Middle School
1555 El Moro St
Distance between this listing and this school5.25 miles
Public District Grades 7-8
7
/10
Fine Arts Academy
6100 Olmeda Ave
Distance between this listing and this school12.83 miles
Public District Grades 4-8
Nearby Schools
9
/10
Morro Bay High School
235 Atascadero Rd
Distance between this listing and this school0.75 miles
Public District Grades 9-12
3
/10
San Luis Obispo County Community
3350 Ed Dr
Distance between this listing and this school7.79 miles
Public District Grades 6-12
4
/10
Grizzly Challenge Charter
721 Mendocino Ave
Distance between this listing and this school8.80 miles
The neighbors living near this home have an average income of $80,227. The most common annual income of people living in Morro Bay, CA is between $35k-100k. Residents typically live in single, no kids family. The majority of residents in this area have post secondary degree education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 2783 Coral Ave
What is the listing price of this property?
The listing price of 2783 Coral Ave property is $3,350,000.
What type of property is this?
The property 2783 Coral Ave is land located in Morro Bay, California, 93442.
Is this property for sale now?
Active Listing: 2783 Coral Ave is For Sale (Active/New) which means the seller is accepting offers.
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This home is located at 2783 Coral Ave in Morro Bay, CA and zip code 93442. This home sits on a 0.99 acre lot. It has been listed on Rocket Homes since November 09, 2024 and is currently priced at $3,350,000.
Morro Bay, CA housing market in October 2024 saw over 2 listings sold above listed price, more than 0 sold at listed price and over 11 sold below. The inventory of homes for sale in Morro Bay, CA between September 2024 and October 2024 increased by 10%. While the average time on the market in October 2024 was 45 days, the median list price was $940,000.
From Rocket Homes Real Estate and based on county public records data.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. 
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