36700 Highway 1, Monterey, CA 93940

$8,000,000
3
BD
9
BA
7,386
SqFt
List Price
$8,000,000
Closing Date
Oct 28, 2021
MLS#
ML81821998
Status
CONTINGENT
Bedrooms
3
Total Bathrooms
9
Full Bathrooms
6
Partial Bathrooms
3
Sqft. of Residence
7,386
Lot Size
108,900
Listing Area
Big Sur Coast
Year Built
1951

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.

Additional Information

Acres
2.5
Age
69
Cooling System
None
Family Room
No Family Room
Fireplace Description
Wood Burning
Foundation
Concrete Perimeter and Slab
Garage Parking
Gate / Door Opener, Parking Area
Heating System
Forced Air
Living Area
7,386
Lot Description
Private / Secluded, Views
Lot Size
108,900
Neighborhood
Big Sur Coast
Other Utilities
Propane On Site, Public Utilities
Roof
Composition
Sewer
Septic Tank / Pump
Unincorporated Yn
Yes
View
Bridge, Ocean View
Zoning
Residential / Commercial

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Michele Altman from Sotheby's Int'l Realty-Rancho

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