Rare investment and development opportunity. Fully approved 5 lot subdivision in Morro Bay’s most highly regarded beachside neighborhood, The Cloisters. The one-acre parcel located west of Hwy 1 is ready for improvement. Featured nationally in Coastal Living magazine, The Cloisters encompasses 84 acres, with 57 acres of open space preserve, a one-acre public park, and over two miles of paved trails, including beach access. Upon the initial offering, all 120 homes and sites at the Cloisters sold out quickly. Now, a once-in-a-lifetime opportunity opens up again. Sale includes a full set of approved architectural plans, landscape plans, construction documents, Coastal Commission approval, and permits – good through February 2025. Demand for single-family homes in this beachside community is high so take advantage of this favorable time, and be a part of history!

Listing Agent:Frankie Ciano

Offered By:Compass

Date Added: 8/23/23 at 5:00 am
Last Update: 8/24/23 at 12:57 am


  • Road/AccessCity Street, Highway
  • HOA Amenities0.0
  • Originating MLSCRMLS
  • CountySan Luis Obispo


  • ZoningREC, 065386015
  • ViewView
  • FencingNone


  • WaterPublic, None
  • SewerPublic Sewer
  • UtilitiesWater Not Available


  • SourceCRMLS, CRMLS


  • DistrictSan Luis Coastal Unified School District

Listing History

  • 08/23/2023$2,800,000
  • 08/23/2023Active
  • 04/30/2021$799,000
  • 04/30/2021Sold
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