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    563 Zanzibar St Morro Bay, CA 93442

    For Sale
    $415,000

    Land/Lot - Morro Bay, CA

    Lot size:
    2,640.00 Acres
    Days on Market:
    325
    Last Refresh:
    Dec 14 at 8:06 pm

    Property Features for 563 Zanzibar St

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    10
    APN
    065035018
    Exterior features
    Community Features Included: Biking, Dog Park, Foothills, Hiking
    Lot size
    2,640.00 Acres

    Building Details

    Architectural style
    Other

    Central Coast Real Estate (805) 234-4509 [email protected]

    Listing agent Catherine Stone (805) 995-2347 License #00917365

    Listing date Jan 24, 2025

    MLS# SC24240377 Listing URL

    Copyright © 2025 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Ready-to-Build Morro Bay View Lot

    This residential lot in Morro Bay, California, presents a rare opportunity for immediate construction. The 2,640 square foot lot comes with a fully paid permit, eliminating the need to wait for approvals or pay additional fees. Approved plans are in place for a custom, two-story home spanning 1,884 square feet, featuring 3 bedrooms, 2 and a half baths, and a 2-car garage. Once built, the home will offer sunset views of Morro Rock and the ocean from the second story. The coastal location provides convenient access to the beach and the amenities of Morro Bay and Cayucos. Its location near Highway 1 allows for easy access to coastal attractions, the San Luis Obispo County wine region, restaurants, shopping, and outdoor activities. This is a prime opportunity to experience the Central Coast in a new home without the wait.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Realty agency Restaurant Spa & Massage Hair Salon Nail Salon Building Supply Accounting Firm Skin Care Clinic Daycare Center Kitchen & Bath

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Morro Bay
    County
    San Luis Obispo
    State
    California
    Longitude
    -120.86458
    Latitude
    35.407186

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    FAQs

    What type of property is this?
    Residential land & home lot - Permitted Morro Bay lot ready for immediate construction of a home.
    Where is this residential land & home lot located?
    The property is located at 563 Zanzibar St Morro Bay, CA.
    What is the asking price?
    The asking price for this property is $415,000.
    What are key features of this property?
    This property features: - Fully paid permit in hand; ready to build immediately.; - Approved plans for a custom 1,884 sq ft, 3 bed, 2.5 bath, 2-car garage home included.; - Rare Morro Bay view lot with sunset views of Morro Rock and the ocean.
    (805) 995-2347
    Request Owner's contact information
    563 Zanzibar St Morro Bay, CA 93442
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    Morro Bay, CA 93442
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    563 Zanzibar St Morro Bay, CA 93442
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