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 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 th e time to seize this opportunity is now. This isn't 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-aftr 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.

Request Information
on 2783 Coral Ave
in Morro Bay, CA
Presented by Frankie Ciano at
Ciano Real Estate, Inc.


Property MLS #SC24042430 from CRMLS

+ Reveal additional info including schools and tax history

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+ Land Info

Lot Description: 2-5 Units/Acre, Corner Lot, Level with Street
Lot Size Acres: 0.99
Lot Size Source: Assessor
Lot Size Square Feet: 43124

+ Exterior and Lot Features

Road Frontage Type: City Street, Highway

+ Home Features

View: Dunes

+ Homeowners Association

Association: Yes
Calculated Total Monthly Association Fees: 0

+ Amenities and Community Features

Community Features: Biking, Curbs, Park, Preserve/Public Land, Sidewalks

+ Other Property Info

Source Listing Status: Active
County: San Luis Obispo
Directions: Corner of Coral and San Jacinto St.
Source Property Type: Land
Area: MRBY - Morro Bay
Source Neighborhood: Cloisters(740)
Parcel Number: 065386015
Subdivision: Cloisters(740)
Zoning: REC
Source System Name: C2C
+ Reveal Tax History

Year	Assessments Building + Land Total	Tax
2022	$unknown + $873,821 $873,821	$9,247
2021	$unknown + $856,688 $856,688	$9,100
2020	$unknown + $847,904 $847,904	$9,006
2019	$unknown + $831,279 $831,279	$8,913
2018	$unknown + $814,980 $814,980	$8,738
2017	$unknown + $799,000 $799,000	$8,567

+ Reveal Property Sale History

Price Changed 2024-06-26
$2,500,000
CRMLS

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Listed 2024-03-01
$2,800,000
CRMLS

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Listing removed 2023-12-07
$0
CRMLS

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Listed 2023-08-23
$2,800,000
CRMLS

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Sold 2016-10-06
$799,000
CRMLS

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Listing removed 2016-07-20
$799,000
CentralCoast

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Listed 2015-05-21
$799,000
CRMLS

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Listed 2015-05-21
$799,000
CentralCoast

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Listing removed 2013-10-28
$1,149,000
CentralCoast

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Listed 2013-06-21
$1,149,000
CentralCoast

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Listing removed 2011-06-14
$1,399,000
CentralCoast

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Relisted 2010-07-13
$1,399,000
CentralCoast

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Listing removed 2010-06-06
$1,399,000
CentralCoast

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Listed 2009-06-05
$1,399,000
CentralCoast

+ Utilities

Water Source: Public

+ Display Complete School Details

Del Mar Elementary School is a public elementary school located approximately 0.3 miles away.
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Morro Bay High School is a public high school located approximately 0.8 miles away.
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Los Osos Middle School is a public middle school located approximately 5.2 miles away.
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Heartland Christian Academy is a private elementary, middle and high school located approximately 4.8 miles away.
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