For Sale
$18,250,000

5010 Cabrillo HwyMorro Bay, CA 93442

Oceanfront ranch, abalone farm, main residence.

Overview

Added:
Dec 11, 2024
Days on market:
115
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.

Highlights

  • Oceanfront ranch property with main residence, four additional residences, and various barns.
  • Agricultural and coastal zoning.
  • Totaling 357.41± acres, including a 146.41± acre south ranch estate with improvements, a 16± acre abalone farm with facilities and land, and a 195± acre north ranch with improvements.

Property Details for 5010 Cabrillo Hwy

Property type
Land, Farms
Lot Size (sq. ft)
15,568,780 SF

Location Insight

City
Morro Bay
County
San Luis Obispo
State
California
Latitude
35.469497536065
Longitude
-120.97742975267
5010 Cabrillo Hwy, Morro Bay, California

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5010 Cabrillo Hwy
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