1188 Allesandro St, Morro Bay, CA 93442 (MLS # SN25106626)

Price $537,000
Status Active
Beds 2
Baths 1 Bath
Home size 808 sqft
Lot Size 6,731 sqft
Days on Market 83
Prime Investment Opportunity in Coastal Morro Bay! Located just steps from the scenic Morro Bay State Park and minutes from the iconic Morro Rock Beach, this rare offering presents a versatile development opportunity in one of California's most desirable coastal towns. Situated on a semi-private lot nestled between just two adjoining parcels, this property offers a sense of privacy while maintaining easy access to key local amenities. Currently featuring a tear-down structure, the site is primed and ready for redevelopment"”with all utilities already connected, saving time and cost on initial groundwork. Zoned for medium density use, this lot allows for a range of residential development possibilities, whether you're looking to build your dream coastal getaway, a multi-unit investment property, or a modern single-family residence with additional units for income potential. Adjacent to a second available lot (sold separately), buyers have the option to expand their footprint and take full advantage of the area's flexible zoning to create a larger-scale project or a more spacious estate. Together, the combined parcels open the door to creative configurations and increased building potential"”perfect for developers, investors, or visionaries seeking a unique slice of the Central Coast. The location is a standout"”bordering the peaceful greenery of the State Park while remaining just a short drive from downtown Morro Bay's shops, restaurants, and waterfront activities. With easy access to Highway 1, commuting to San Luis Obispo, Cambria, or other neighboring beach towns is a breeze. Whether you're a seasoned investor or a first-time builder looking for a special place to create something extraordinary, this property offers unmatched potential in a prime location. Don't miss this chance to secure a piece of coastal California with flexibility, privacy, and strong future returns. Please note: Property is being sold for land value only. Adjacent lot available under separate listing. ***DANGER! DO NOT ATTEMPT TO ENTER ANY STRUCTURES DUE TO VERY HAZARDOUS CONDITIONS**
Property Type(s): Single Family
Last Updated 7/31/2025 Tract Morro Bay Vista
Year Built 1947 Community MRBY - Morro Bay
County San Luis Obispo

SCHOOLS

Elementary School Del Mar
Jr. High School Los Osos
High School Morro Bay

Price History

Prior to Jul 16, '25 $549,000
Jul 16, '25 - Jul 21, '25 $546,000
Jul 21, '25 - Jul 25, '25 $543,000
Jul 25, '25 - Jul 31, '25 $540,000
Jul 31, '25 - Today $537,000

Additional Details

AIR None
AREA MRBY - Morro Bay
LOT 6730 sq ft
LOT DESCRIPTION Back Yard, Corners Marked, Front Yard, Level, Rectangular Lot
POOL DESCRIPTION None
SEWER Public Sewer
STORIES 1
SUBDIVISION Morro Bay Vista
VIEW Yes
VIEW DESCRIPTION Neighborhood
WATER Public

Location

 

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Listed with Gold Group Realty

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Based on information from California Regional Multiple Listing Service, Inc. as of 8/5/25 5:21 AM PDT 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. Properties may or may not be listed by the office/agent presenting the information

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