Property Details
About this Property
Rare Ocean View Development Opportunity in Morro Bay: Welcome to 545 Atascadero Road — a prime 25,000 sq ft (0.57 acres) ocean view lot in one of Morro Bay’s most coveted neighborhoods. This expansive and gently sloped rectangular parcel is zoned R4 for high-density residential development, offering a rare opportunity to build a legacy property just minutes from the Pacific Ocean. Surrounded by well-established, high-value homes, this site is one of the last remaining infill development opportunities within city limits. The lot’s central location provides easy access to Highway 41, and is ideally situated less than a mile to the beach and just over a mile to Morro Bay’s vibrant Downtown shops, restaurants, and Embarcadero. With its favorable topography, panoramic views, and versatile zoning, this property is perfect for investors, developers, or visionaries looking to create a multi-unit residential project on California’s iconic Central Coast. Whether you’re planning a luxury townhouse development or long-term income property, this land delivers exceptional potential in a location that continues to grow in value and appeal. Don't miss this chance to shape the future of Morro Bay.
MLS Listing Information
MLS #
CRSC25158206
MLS Source
California Regional MLS
Days on Site
3
Lots & Land Information
Fencing
Other
Lot Description
Grade - Gently Sloped, Grade - Sloped Up
Parking, School, and Other Information
HOA Fee
$0
Zoning
GSL, LY, LSR, UPS, LV
Contact Information
Listing Agent
Farid Shahid
Eighty20 Group
License #: 02025653
Phone: –
Co-Listing Agent
Walker Sotello
Eighty20 Group
License #: 02054410
Phone: –
Neighborhood: Around This Home
Neighborhood: Local Demographics
Nearby Homes for Sale
545 Atascadero Rd is in Morro Bay, CA 93442. This Land is currently priced at $495,000. This address can also be written as 545 Atascadero Rd, Morro Bay, CA 93442.
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This listing information is up-to-date as of July 17, 2025. For the most current information, please contact Farid Shahid
