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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.
Property Type(s):
Lot/Land/Acreage
| Last Updated | 7/14/2025 | Tract | Other |
|---|---|---|---|
| Year Built | 0 | Community | MRBY - Morro Bay |
| County | San Luis Obispo |
Additional Details
| AREA | MRBY - Morro Bay |
|---|---|
| LOT | 0.5739 acre(s) |
| LOT DESCRIPTION | Gentle Sloping, Rectangular Lot, Sloped Up |
| SEWER | Public Sewer |
| SUBDIVISION | Other |
| VIEW | Yes |
| VIEW DESCRIPTION | City Lights, Park/Greenbelt, Hills, Mountain(s), Neighborhood, Ocean, Panoramic, Water |
| WATER | Public |
Location
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Listed with Eighty20 Group
The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CSMAR and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
This IDX solution is (c) Diverse Solutions 2025.
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