Morro Bay, CA

$829,000

541 Atascadero, Morro Bay, CA

117

Days listed

About this home

BUILDER'S SPECIAL ON THE CENTRAL COAST Final Permits are in and the ground is ready to break on Jade Cove, a premium 5-unit project on a desirable 9,000sf lot with great views of Morro Rock and the lush valley. Don't miss this opportunity to develop this project that will capture close to a 6% cap rate. Seller willing to carry up to 50% at interest only terms for added flexibility. Seize the opportunity and make it your own today!

Facts & features

Exterior & lot

Lot size: 0.207 acres (9,013 sq ft)
View: Rocks, Valley

Community

Area: MRBY - Morro Bay
County: San Luis Obispo
Community features: Biking, Curbs, Fishing, Golf, Hiking, Park, Water Sports

Listing details

Status: Active
Property type: Land
Days on market: 117
Listed: 2026-03-16
Original price: $879,000
Terms: Cash, Contract, Owner Will Carry
Parcel #: 068231056
MLS #: SC26059577

Listed by

Joel Pace · Joel Pace Real Estate, Inc.

805-703-0778 joelpacere@gmail.comDRE #01946105

Location

Price history

Listed: $879,000 · 2026-03-16
Price reduced: $829,000 (−$50,000)
Days on market: 117
Current price: $829,000

Financing

Could this home be yours?

Estimated monthly payment

$5,200

$4,192 principal & interest · $1,009 taxes & insurance

Down payment (20%)

$165,800

Est. rate (%)

Estimate only

Term (years)

Loan $663,200

Estimates only and not a loan offer. Property tax and insurance vary by location. Get pre-qualified below for your actual rate and payment.

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Listing data provided by CRMLS

Listing courtesy of Joel Pace Real Estate, Inc.. © 2026. The multiple listing data appearing on this website is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the consumer may be interested in purchasing. All data, including but not limited to 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. Properties may or may not be listed by the office/agent presenting the information. The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed. Last updated July 26, 2026 Equal Housing Opportunity.