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Want to build? Make an offer! This lot is perfect for almost any style home. Maybe add an ADU, a barn, a shop, and white rail fencing on the lot lines and your estate can be seen when driving up, or down the coast, or from the air. This unique 5-acre parcel is the remaining part of the Sequoia Ct Tract of ten half-acre lots, with custom homes that average over 3000 sq ft in size. This Tract is outside of the Coastal Commission Zone, but inside the City Limits and includes all city services and all public utilities. The subdivision is very private, and wildlife of deer, quail, rabbits, hawks, and Monarch butterflies abound. The ocean views are unobstructed. All utilities are buried in the street and accessible to connect to the lot. There are no HOA monthly dues or road maintenance fees. This is a flag lot, which from the air looked like an arrowhead. All four corners are staked, and a building pad is roughed in. A copy of the CC&Rs and the original soil report from Geo-Solutions is attached as a supplement. The Buyer will need to negotiate a fee directly with Geo Solutions to upgrade the reports when applying for a building permit. However, the fee will be less costly than the original reports. The original developer still controls the CC&Rs and may allow an ADU unit, barn, and shop for this lot only. With an updated soil report and a full set of house plans, you should be able to secure a building permit within 6 to 9 months. Call the Morro Bay Planning Department for all the details to build.
Listing agent: Jack Franklin DRE #00426210 jack@thefranklinteam.com, Listing office: Franklin Real Estate & Rentals
MLS data updated 10/29/2026, 3:58:23 PM PT
Source: CRMLS, MLS #: SC23076250
Belmont insights
Compare recorded home prices, same-type ZIP sales and mortgage rates.
Oct 9, 2024
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
$450,000Closed sale · Oct 9, 2024ZIP 93442 · Oct 2024
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.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.