Wow a Stunning Ocean view lot in an unbeatable location. Just a stone's throw from the beach, historic Cannery Row, and a short distance to the Monterey Bay Coastal Recreation Trail to Old Fisherman's Wharf. Don't miss this fantastic long-term investment while waiting for water. Buyer to investigate water and building requirements with the City of Monterey to verify your specific vision for this fabulous piece of property. Keep your eyes and ears open as well regarding future water. Based on the Monterey Herald's recent article on 9/28/2021 the Monterey Peninsula Recycled Water Project appears to be gaining steam and looks like a real promising possibility for some future water on the Monterey Peninsula. Per the City Planner of Monterey: The City Code allows for a density bonus of up to 35%, which would increase the total number of units allowed on the property from 4 to 5 units, as long as there is at least 1 low-income unit in addition to 4 standard units.
Listing courtesy of The Russell Group from Shankle Real Estate
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