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 Details
Price:
$495,000
MLS #:
SC25158206
Status:
Active
Baths:
0
Address:
545 Atascadero Road 068231016
Type:
Land
Neighborhood:
mrbymorrobay
City:
Morro Bay
Listed Date:
Jul 14, 2025
State:
CA
ZIP:
93442
Lot Size:
25,000 sqft / 0.57 acres (approx)
See this Listing
Full-time Real Estate Broker, sold 1100+ Properties in SLO and SBC County. 38 years of local real estate knowledge and experience. I understand each sale is about you and your goals. I know as we get older, we don’t have time to make up for any mistakes especially when it comes to one the most significant investments. I care about my clients and work very hard to share my knowledge and protect you along the way. I place the appropriate verbiage in the listing and listing agreement depending …
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Schools
Interior
Exterior
Community Features
Biking, Curbs, Dog Park, Fishing, Sidewalks, Street Lights, Suburban
Electric
Standard
Fencing
Average Condition
Lot Features
Gentle Sloping, Lot 20000-39999 Sqft, Rectangular Lot, Up Slope from Street, Value In Land
Sewer
Public Sewer
View
Dunes, City Lights, Coastline, Hills, Mountain(s), Neighborhood, Ocean, Panoramic, Park/ Greenbelt, Water
Water Source
Public
Financial
Association Fee
0.00
Map
Community
- Address545 Atascadero Road 068231016 Morro Bay CA
- AreaMRBY – Morro Bay
- CityMorro Bay
- CountySan Luis Obispo
- Zip Code93442
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Courtesy of Eighty20 Group. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than Outland and Associates Real Estate include the name of the listing broker. Neither the listing company nor Outland and Associates Real Estate shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2025. California Regional Multiple Listing Service. All rights reserved.545 Atascadero Road 068231016
Morro Bay, CA
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