5010 Cabrillo HwyMorro Bay, CA 93442

Property Details for 5010 Cabrillo Hwy

Lot size

357.41 AC

Property type

Agricultural properties

Property subtype

Other land

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.

Location Insight

City

Morro Bay

County

San Luis Obispo

State

California

Latitude

35.4695

Longitude

-120.977

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