Sold
36700 Highway 1
MONTEREY CA, 93940
$7,925,529
$1,073.05 per sqft
Sold
3 Beds
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
March 9, 2024
Updated
Map
36700 Highway 1
MONTEREY CA, 93940
Interior Features
Bedrooms
3
Full Bathrooms
6
Half Bathrooms
3
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
Listed by Sotheby's Int'l Realty-Rancho, Michele Altman, Olivia Decker
Listing Contact: 8312142545
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