273 Birch, Cayucos, CA 93430
273 Birch, Cayucos, CA 93430
273 Birch, Cayucos, CA 93430
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The Warburton Team Brokered By EXp

The Warburton Team Brokered By EXp

+1(626) 630-2141
$2,000,000
Est. payment /mo
0.34 Acres Lot
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UPDATED:

Key Details

Property Type Vacant Land

Listing Status Active

Purchase Type For Sale

Subdivision Town Of Cayucos(540)

MLS Listing ID NS26167940

HOA Y/N No

Lot Size 0.344 Acres

Property Description

Skip years of coastal entitlement risk. This 0.34± acre parcel is fully entitled and ready to build, zoned Residential Multi-Family under a site specific Planning Area Standard adopted by San Luis Obispo County and certified by the California Coastal Commission in February 2025. That means the hardest, slowest, most expensive part of a coastal development deal is already done. The entitlement was written to maximize upside. Future development must be a multi-family residential project, apartments or for-sale condominiums, with a minimum density of 15 units per acre, approximately 5 units, and proposals are directed to push the total unit count beyond that 5 unit minimum wherever possible. The site is exempt from the intensity standards of Section 23.04.084, removing one of the biggest constraints developers face on infill sites. Even better, maximum height is measured from the centerline of Birch Avenue rather than natural grade, a real advantage on this site that opens the door to more square footage per unit. Architectural concept plans already illustrate an 8 unit condominium design with subterranean parking, giving a buyer a proven blueprint for unit mix and yield. One block from Hardie Park, near Cayucos Elementary School and the heart of Cayucos, minutes from the beach in a market where entitled multi-family land rarely comes available. Companion parcel at 249 Cayucos Avenue also available, sold separately, for a buyer who wants to control the whole block. Buyer to independently verify all information with the County of San Luis Obispo.

Location

State CA

County San Luis Obispo

Area Cayu - Cayucos

Zoning RMF

Interior

Fireplace No

Exterior

Community Features Biking, Curbs, Dog Park, Fishing, Hiking, Street Lights, Water Sports

View Y/N No

View None

Building

Lot Description No Landscaping

Water Public

New Construction No

Others

Senior Community No

Tax ID 064095020

Acceptable Financing Cash to New Loan

Listing Terms Cash to New Loan

Special Listing Condition Standard

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Listed by Karlie Montgomery Luxton Real Estate 805-391-0241, DRE #01905914

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