$8,000,000

36700 Highway 1

Outside Area (Inside Ca) CA, 93923

Description

Rocky Point is a magnificent, singular gem along the world-famous Monterey Peninsula coastline and is truly a world-class ocean front property. Located 10 miles south of Carmel along the scenic and beautiful Highway 1, Rocky Point Restaurant and its three apartments sit on 2.5 acres of coastal land at the edge of the Pacific Ocean and is currently zoned for both residential & commercial. The existing restaurant, the special liquor license, and all fixtures and equipment are included in the price. This could become your signature restaurant, club and lounge with retail shopping for the savvy business investor. Special Events & Corporate Retreats will be dazzled by the location. There are many opportunities and use choices with the mixed zoning, subject to the approval of Coastal Commission and County of Monterey. The property is a perfect place to enjoy breathtaking views as you sit on the spacious open deck or inside by the cozy fireplace while the ocean waves lap the shore below.

Details

MLS#ML81821998
Listing TypeFor Sale
StyleHouse
Sub-TypeResale
StatusActive
Year1951
Days On Site141

Features

Bed(s)3
SQ Feet7,386
Acreage2.50
Water FrontNo

Market Activity 93923

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Area Information
StateCA
CountyMonterey
CityOutside Area (Inside Ca)
Zip Code93923
Area699 - Not Defined
School DistrictOther
Listing VS Median (in 93923)
Price:
$8,000,000
low | high
Med:
$1,500,000
100% of Average
SqFt:
7,386
low | high
Med:
3,684
100% of Average
$ / SqFt:
$1,083
low | high
Med:
$407
100% of Average
On Site:
141
low | high
Med:
241
58.50622406639% of Average
Sourced by Back At You
Listing Updated: April 21, 2021 10:03:18 AM PDT
Michele Altman LogoMLS Number: ML81821998
Listing Provided By:
Michele Altman  of  Sothebys Intl Realty-Rancho
MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the California Regional MLS.