Rare opportunity to own a build-ready 2-acre parcel in the highly desirable Cuesta By The Sea neighborhood of Los Osos. This unique property comes with fully approved plans for a 3,400 square foot custom home, two water allocations, and over 220,000 in paid fees and permits-offering immediate potential to start construction. The approved home design includes an open-concept kitchen, spacious living and dining areas, an expansive primary suite with a sitting area and private balcony overlooking the water, a luxurious primary bathroom with jacuzzi tub and walk-in shower, and a private den with its own balcony access. An elevator connects all floors, leading up to a rooftop deck with panoramic views of the bay, Morro Rock, and the Seven Sisters. A second bedroom with en-suite bath and a well-appointed laundry room complete the upper level. According to County guidelines, the property can be subdivided into eight or more lots, offering significant development potential. Horses are allowed (one per acre), and the location is just blocks from the back bay, inlets, golf, shopping, and local services. Whether youre looking to build your dream home or develop multiple lots, this is a rare find in a prime coastal setting.