Sold

36700 Highway 1

MONTEREY CA, 93940

$7,925,529


$1,073.05 per sqft

Sold

3 Beds

7.5 Baths

7,386 sqft

Residential

Built in 1951

Listed by Sotheby's Int'l Realty-Rancho, Michele Altman, Olivia Decker Listing Contact: 8312142545

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.

ML81821998

MLS ID

September 8, 2021

Listed

March 9, 2024

Updated

Map

36700 Highway 1
MONTEREY CA, 93940

Interior Features

Bedrooms

3


Total Bathrooms

7.5


Fireplace

Yes


Fireplace Description

Wood Burning


Cooling

No


Heating

Yes


Heating Description

Forced Air

Exterior/Building Features

Lot Size

2.5 Acres


Roof

Composition


Sewer

Septic Tank

School Information

School District

432

Other Property Details

Area Name

Big Sur Coast


Garage

No


View

Yes


View Description

Ocean


County

Monterey


Pool

No


Zoning

Residential / Commercial


Buyer Agency Compensation

2%

Listed by Sotheby's Int'l Realty-Rancho, Michele Altman, Olivia Decker
Listing Contact: 8312142545 

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The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the MLS Listings, Inc. MLS system. Real estate listings held by brokerage firms other than Blake Russell are marked with the Internet Data Exchange icon (a stylized house inside a circle) and detailed information about them includes the names of the listing brokers and listing agents.

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Data last updated 9:50 PM UTC, 3/9/2024

 

 

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