A 50×80 lot with a tear down 2 bedroom on it went on the market in Cayucos for $800K. They say the county says the lot can be split.
(Note: You should always go to the SLO County planning department in downtown SLO with these type of questions to hear it directly from the horses mouth.)
A lot located right behind Morro Bay is on the market. Four units have already been approved to be built. Nice ocean, bay, and rock views. Listed at $2.2M.
A Cambria home had a big price reduction today. From $1.35 Million to $965,000. A block from the ocean and has surrounding lots for sale too. Looks like a good deal! (and motivated sellers)