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$8,000,000
36700 Highway 1, Monterey, CA 93940
3 Beds
6 Baths
7,386 sqft

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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.
  • Price:
  • $8,000,000
  • Bedrooms:
  • 3
  • Full Baths:
  • 6
  • Half Baths:
  • 3
  • Square Footage:
  • 7,386
  • Acreage:
  • 2.00
  • Year Built:
  • 1951
  • Listing ID #:
  • 81821998
  • Street Address:
  • 36700 Highway 1
  • City:
  • Monterey
  • State:
  • California
  • Postal Code:
  • 93940
  • County:
  • Monterey
  • Community:
  • Big Sur Coast
  • Listing Status:
  • Contingent
  • Listing Type:
  • Single Family Home
  • Age Of Dwelling:
  • 69
  • Dwelling Type:
  • Detached
  • Foundation:
  • Concrete Perimeter And Slab
  • Number Of Fireplaces:
  • Wood Burning
  • Total Building Square Footage:
  • 7386
  • Type Of Roof:
  • Composition
  • View:
  • Bridge , Ocean
  • Year Built:
  • 1951
  • Approximate Lot Size Range Source:
  • Assessor
  • Conforms To Zoning:
  • Residential / Commercial
  • Lot Description:
  • Private / Secluded, Views
  • Lot Square Footage:
  • 108900.00
  • Total Available Acres:
  • 2.5000
  • Dining Room:
  • Dining L
  • Family Room:
  • No Family Room
  • Garage Description:
  • Gate / Door Opener, Parking Area
  • Existing Water:
  • Storage Tank, Well
  • Heating:
  • Forced Air
  • Sewage Type:
  • Septic Tank / Pump
  • Utilities:
  • Propane On Site, Public Utilities
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The amounts for the Tax, Insurance, and HOA are estimates and not actual amounts.

Your Payment
$1,400/mo

Source: CINC

  • Listing Provided By Michele Altman of Sotheby's Int'l Realty-Rancho
  • This data is up-to-date as of October 18, 2021. LIST

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