Sold: Nov 16, 2021 - Waterfront
Address
36700 Highway 1 Monterey, CA
Price
$ 7,925,529
Property Attributes
  • ID#ML81821998
  • TypeSingle Family
  • County
  • CityMonterey
  • Zip93940
  • Style
  • Price$ 7,925,529
  • Bedrooms3
  • Full Bathrooms6
  • Half Bathrooms3
  • Sqr Footage7386
  • Lot Size2.5 Acres
Listing Provided Courtesy Of:
Michele Altman with Sotheby's Int'l Realty-Rancho.
Data Source:
MLSListings - 40 - CA
Property 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 which is currently zoned for 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.

Price History

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Single Family Average in 93940

Price
AVG $2M
$7.93M