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Excellent and rare opportunity to build a new home in Los Osos! The property comes with an approved Conditional Minor Use Permit, with only one remaining condition left to satisfy, placing you significantly ahead in the development process. In a community where new construction approvals have been extremely limited in recent years, this parcel represents one of the first opportunities for a newly approved home site in Los Osos in several years. Preliminary house plans have already been started, providing a valuable head start for the next owner. An approved water meter is already installed. This exceptional ½-acre property offers beautiful views of Morro Bay, Morro Rock and the peaks of Los Osos Valley, creating the perfect setting for a future coastal dream home. With its generous lot size, great location, stunning coastal and valley views, and substantial progress toward building approval, this property presents a unique chance to bring a custom home to life on the Central Coast. Don’t miss the opportunity to secure one of the few buildable parcels in Los Osos with approvals already in place.
Listing agent: John Souza DRE #01239099 john@richardsonproperties.com, Listing office: Central Coast Sotheby's International Realty
MLS data updated 11/1/2026, 10:00:21 PM PT
Source: CRMLS, MLS #: PI26054670
Belmont insights
Compare recorded home prices, same-type ZIP sales and mortgage rates.
Mar 12, 2026
Prices use the left axis; mortgage rates use the right. Hover, tap, or focus the chart and use the arrow keys. Red SOLD badges mark recorded sales.
This home · nearest recorded event
$490,000Original asking price · Mar 12, 2026ZIP 93402 · Mar 2026
No monthly averageAt least 3 eligible sales in this month are required.30-year fixed mortgage benchmark
No weekly rateNo published rate within 7 days of this date.No recorded sales in this range. Select All available for older records; missing records do not mean the home never sold.
ZIP averages use publicly displayable closed sales from our licensed MLS feed, matched to the same ZIP and exact property type. Months with fewer than 3 sales are omitted; the current month is incomplete. Lines connect available monthly observations across gaps and do not represent measured prices in missing months. These averages are not adjusted for size, condition, or location within the ZIP, and are not an appraisal. Feed coverage may not include every sale. All available shows the available home and ZIP history, with mortgage rates over the same dates.
Mortgage benchmark: Freddie Mac Primary Mortgage Market Survey®. © Freddie Mac. Weekly national 30-year fixed rates, not APRs or a loan quote. Actual terms vary. Methodology changed in November 2022. The chart does not establish that interest-rate changes caused a home’s price changes.
Lines connect recorded asking and sale prices. They are visual guides, not estimates of the home’s value between those dates.
No earlier records were returned by our current sources. This does not mean the home has never sold.
MLS records may be incomplete. Earlier asking prices are not sale prices.