5010 Cabrillo Hwy Morro Bay, CA 93442
- Land
- 357.41 lot acres
Current Use by Public Records
- Land
Property Details for 5010 Cabrillo Hwy
- Lot size
- 357.41 lot acres
- Property type
- Land
- Property subtype
- Farms
Description
Presenting Alexander Ranch, a remarkable 357.41-acre oceanfront property situated between Cayucos and Harmony, California. This expansive estate is bisected by Highway 1, offering a unique blend of coastal and inland landscapes. The southern portion, encompassing 162.41 acres, boasts extensive ocean frontage, while the northern 195 acres provide additional development potential outside coastal zone jurisdictions. The property includes a stunning main residence with over 2,295 square feet of living space, featuring 2 bedrooms, 2.5 bathrooms, a basement, and an attached carport accommodating up to 3 vehicles. A detached studio/workshop adds versatility. Further enhancing the property are several mobile home farmsteads and various miscellaneous buildings. A significant feature is a 16-acre abalone farm with established facilities, currently leased for 30 years (expiring October 1, 2052) at a quarterly rate of $61,200. Historically used for livestock, the ranch's open grasslands, mild climate, and water resources make it well-suited for continued agricultural pursuits. Corrals are located near the main gate. The property is zoned AG and offers breathtaking ocean views, creating an unparalleled coastal living experience. The asking price is $18,250,000. APN: 046-091-024, 046-091-036, 046-091-038, 046-151-007, 046-151-007. Address: 5010 Cabrillo Hwy, Morro Bay, CA 93442.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Morro Bay
- County
- San Luis Obispo
- State
- California
- Longitude
- -120.977
- Latitude
- 35.4695
