1 Gray Way, Watsonville, California 95076, Watsonville, 95076 - 2 bed, 3 bath

1 Gray Way
Watsonville, California 95076
Property Price
SUMMARY
Analysis of 1 Gray Way, Watsonville, California 95076 is currently available with a list price of $1,550,000. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Watsonville Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
OVERALL CONDITION SCORE
Property is moderate renovation needed.
Built in 1967 and offered for the first time, this home is well-maintained but reflects its original era. While the Craftsman woodwork and layout are functional, the kitchen and bathrooms feature dated cabinetry, older appliances, and vintage tile work that show signs of age. It is move-in ready but requires cosmetic and system updates to meet contemporary standards, consistent with the fair condition category.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Coastal Location
Situated on a hill in the exclusive Sunset Beach Community, the property offers breathtaking ocean views and direct access to miles of beach via a private community pathway.
- Versatile Living Configuration
The home features a highly flexible floor plan with separate living spaces on both levels, including multiple kitchens and private entrances, making it ideal for multigenerational living.
- Architectural Character
Featuring warm Craftsman woodwork and an expansive wraparound deck, the home exudes unique charm while maximizing the indoor-outdoor coastal lifestyle.
CONSRISKS & DEFICIENCIES
- Potential for Modernization
Built in 1967 and offered for the first time on the market, the property may require updates to its original systems and finishes to meet contemporary standards.
- Ongoing Association Costs
The property is subject to a $350 monthly association fee, which represents an additional recurring expense for the homeowner within the community.
About 1 Gray Way
Perched on a hill above the sea in a quiet neighborhood where everyone wants to be!! Below you'll find the expansive beach that stretches for miles which can be accessed by the sweet community pathway leading to the shore. The thoughtfully configured home has never been on the market and offers exceptional versatility with multiple living spaces designed to adapt to your needs. The upper primary living space features one bedroom one bath complete with a full kitchen, large pantry and a wood burning fireplace in the living area which leads to the wraparound deck where you can smell the ocean and hear the waves while you're enjoying the view. There's an additional entrance upstairs with it's own deck. Downstairs includes two bedrooms, full bathroom, laundry room plus a versatile studio space with an additional bonus room offering flexibility for multigenerational living. Warm Craftsman woodwork adds character and charm throughout the home!! A rare opportunity for those seeking serenity in the highly sought after Sunset Beach Community!!!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1967
- Lot Size
- 5,097 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $350.0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 26% |
| Baths | 3.0 | 2.0 | 62% |
| Square foot | 2,480 | 1,590.5 | 79% |
| Lot Size | 5,097 | 10,890 | 23% |
| Price | $1.55M | $887.6K | 82% |
| Price per sq ft | $625 | $556 | 65% |
| Built year | 1967 | 1976 | 33% |
| HOA | $350.0 | $0 | 92% |
| Days on market | 10 | 191 | 3% |
Pricing History
Listed for Sale
Feb 25, 2026
$1,550,000
Initial Listing







































































