
Watsonville, California 95076
Analysis of 1 Gray Way, Watsonville, California 95076 is currently available with a list price of $1,495,000. The property maintains a Poor Condition Rating (30/100), indicating the property requires renovation and updates to maximize its market potential. This presents opportunities for value-add investors. 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 Experienced Investors and Fix-and-Flip Specialists.
Property is extensive renovation needed.
Built in 1967 and never before on the market, the home retains its original kitchen, bathrooms, and finishes which are nearly 60 years old. While the property appears well-kept and clean, the age of the systems and the highly dated interior qualify it for a full rehab to meet modern safety and aesthetic standards.
Situated on a hill in the sought-after Sunset Beach Community, the property offers ocean views, sounds of the surf, and direct access to miles of beach via a community pathway.
The unique layout features separate living spaces on two levels, including a studio and bonus room, making it ideal for extended family or flexible guest accommodations.
Featuring warm Craftsman woodwork and a wraparound deck, this home exudes charm and offers a rare opportunity as a first-time-to-market property.
Built in 1967, the home may require modernization of systems or cosmetic updates to meet contemporary luxury standards for the price point.
With 70 days on the market and a recent price reduction, the property may face challenges regarding its initial valuation or specific buyer appeal in the current market.
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!!!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 25% |
| Baths | 3.0 | 2.0 | 69% |
| Square foot | 2,480 | 1,509 | 80% |
| Lot Size | 5,097 | 10,106 | 25% |
| Price | $1.50M | $858.0K | 80% |
| Price per sq ft | $603 | $588 | 56% |
| Built year | 1967 | 1975 | 32% |
| HOA | $350.0 | $0 | 92% |
| Days on market | 108 | 135 | 40% |
Apr 14, 2026
$1,495,000
$1,550,000
-4% Price Drop
Initial Listing
Feb 25, 2026
$1,550,000
Initial Listing