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They say you can build NEW cheaper than you can buy a USED home. This may be your best opportunity. Check out Lot 7 in this pristine location. All the lots, in this 11-lot tract, are about half-acre in size, and the 7-custom homes already built average over 3000 sq ft in size. There is nothing like it in Morro Bay. This is the only tract in Morro Bay that is outside of the Coastal Zone, but inside the City Limits, which makes it easier and less expensive to get a building permit. All public utilities are underground and in the street. City water, city sewer, electricity, gas, phone, and cable are available for connection. The entry road is on a very wide and private cul-de-sac, which the city public works must maintain. Wildlife included, deer, quail, rabbits, hawks, Monarch butterflies abound. The ocean views are unobstructed. There are no HOA monthly dues. All four corners of the lot are staked. Bring your plans, build the home of your dreams, and have the option to add a separate ADU "accessory dwelling unit" for Mom and Dad. Call today for an appointment to walk the property.
Listing agent: Jack Franklin DRE #00426210 jack@thefranklinteam.com, Listing office: Franklin Real Estate & Rentals
MLS data updated 11/2/2026, 5:02:20 AM PT
Source: CRMLS, MLS #: SC1071757
Belmont insights
Compare recorded home prices, same-type ZIP sales and mortgage rates.
May 27, 2022
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
$480,000Closed sale · May 27, 2022ZIP 93442 · May 2022
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.