ViewBay, Other, Park, Marina, Ocean, Panoramic, Water
MLS #SP21011224
Lot Size1.60 Acres
StatusActive
About 781 Market Ave
Seeking Buyer/Lessor to develop a hospitality property delivering tax generating benefits on City-owned property. The City is offering this property to a Lessor/Buyer with the intent they develop a hospitality project generating on-going TOT (Transient occupancy tax). The zoning allows for a wide range of tourist service uses; Zoned C-VS/PD/S.4 (existing restaurant and parking lot) and C-VS/PD/S.3/S.4 (upper parking lot). The project sits partially on the Embarcadero, the main tourist area in Morro Bay. The balance of the property rises up and sits on the bluff overlooking the Embarcadero and Morro Bay. Subject property is +/- 1.60 Acres. Call listing agent for showing instructions. Pre-approval required for touring property. Purchase Price: $3,890,000 per most current appraisal, 2021. Call for more details.
Property Details
Property Features
Listing Office:
Office Name: McCarty Davis, Inc.
Office Email: mccarty@mccartydavis.com
Listing Agent: Stephen McCarty
Exterior Features
Exterior Information:
View: Bay, Other, Park, Marina, Ocean, Panoramic, Water
Lot Features
Lot Information:
Lot: Near Public Transit
Lot Size: 1.60 Acres
Other
Directions Information:
Directions: Cross Streets: Pacific Street & Market Avenue
Price Information
Listing Price Info
Price Summary:
List Price: $3,890,000
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Housing Market Comparison
See how this home compares to others in Morro Bay, CA.
This property is $2.9M more than the Median Sold Price in Morro Bay, CA.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: CRMLS
MLS Number: #SP21011224
Listing Office:
Office Name: McCarty Davis, Inc.
Office Email: mccarty@mccartydavis.com
Listing Agent: Stephen McCarty
Based on information from California Regional Multiple Listing Service, Inc. 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. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 4/26/2024, 2:25:20 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Listing History
DATE
EVENT
PRICE
Jun 25, 2003
Jun 25, 2003Home Sold
$2,700,000
Jun 25, 2003
Jun 25, 2003Home Sold
$2,700,000
Mar 30, 2001
Mar 30, 2001Home Sold
$500,000
Mar 05, 1991
Mar 05, 1991Home Sold
$910,000
Mar 05, 1991
Mar 05, 1991Home Sold
$910,000
History based on county public records data.
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
6
/10
Del Mar Elementary School
501 Sequoia St
Distance between this listing and this school2.15 miles
Public District Grades KG-5
5
/10
Baywood Elementary School
1330 9th St
Distance between this listing and this school2.86 miles
Public District Grades KG-5
8
/10
Monarch Grove Elementary School
348 Los Osos Valley Rd
Distance between this listing and this school3.61 miles
Public District Grades KG-5
Nearby Schools
7
/10
Los Osos Middle School
1555 El Morro Ave
Distance between this listing and this school3.34 miles
Public District Grades 6-8
9
/10
Cayucos Elementary School
301 Cayucos Dr
Distance between this listing and this school6.64 miles
Public District Grades KG-8
9
/10
Teach Elementary School
451 Jaycee Dr
Distance between this listing and this school10.54 miles
Public District Grades 4-6
Nearby Schools
7
/10
Morro Bay High School
235 Atascadero Rd
Distance between this listing and this school1.23 miles
Public District Grades 9-12
8
/10
San Luis Obispo High School
1499 San Luis Dr
Distance between this listing and this school12.66 miles
Public District Grades 9-12
6
/10
Atascadero High School
1 High School Hill Rd
Distance between this listing and this school12.94 miles
The neighbors living near this home have an average income of $21,900. The most common annual income of people living in Morro Bay, CA is less than $35k. The most common type of family is single, no kids. Most residents in this area have post secondary degree education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 781 Market Ave
What is the listing price of this property?
The listing price of 781 Market Ave property is $3,890,000.
What type of property is this?
The property 781 Market Ave is land located in Morro Bay, California, 93442.
Is this property for sale now?
Active Listing: 781 Market Ave is For Sale (Active/New) which means the seller is accepting offers.
When was this property sold last time and for how much?
The last sale was on June 25, 2003 for $2,700,000. (source: MLS/tax record).
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This home is located at 781 Market Ave in Morro Bay, CA and zip code 93442. This home sits on a 1.60 acre lot. It has been listed on Rocket Homes since January 18, 2021 and is currently priced at $3,890,000.
In March 2024, from all listings sold in Morro Bay, CA there were more than 1 sold above asking price, over 5 sold below and more than 2 were sold right at the asked price. The number of listings in Morro Bay, CA decreased by 3.3% between February 2024 and March 2024. In March 2024, listings were on the market for 16 days. During the same period, the median list price in this real estate market was $933,500.
From Rocket Homes Real Estate and based on county public records data.
Based on information from California Regional Multiple Listing Service, Inc. 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. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. 
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