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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**
| Last Updated | 8/21/2025 | 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 - Aug 7, '25 | $537,000 |
| Aug 7, '25 - Aug 15, '25 | $534,000 |
| Aug 15, '25 - Aug 21, '25 | $531,000 |
| Aug 21, '25 - Today | $528,000 |
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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The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. as of 8/25/25 3:13 PM 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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