36700 Highway 1, Monterey, CA 93940

$7,925,529
3
BD
9
BA
7,386
SqFt
Sold Price
$7,925,529
List Price
$8,000,000
Closing Date
Nov 16, 2021
MLS#
ML81821998
Status
SOLD
Type
Single Family Residential
Bedrooms
3
Bathrooms
9
Living Area
7,386
Neighborhood
Big Sur Coast

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

Year Built
1951
View
Bridge, Ocean View
Sewer
Septic Tank / Pump

Mortgage Calculator

Amount of Loan
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Please consult a financial professional.
Calculator source: Real Geeks

Courtesy of Sotheby's Int'l Realty-Rancho, Michele Altman. Selling Office: M5022.

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