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

1 Gray Way, Watsonville, California 95076 home-pic-0

1 Gray Way

Watsonville, California 95076

ACTIVE
CONDITION: FAIR
2Beds
3Baths
2,480Sq Ft
5,097Lot Size

Property Price

LIST PRICE$1,550,000

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

Fair
TeardownExcellent

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

FeatureSubjectAverage HomeNeighborhood Ranking (50 Listings)
Beds2.03.0
26%
Baths3.02.0
62%
Square foot2,4801,590.5
79%
Lot Size5,09710,890
23%
Price$1.55M$887.6K
82%
Price per sq ft$625$556
65%
Built year19671976
33%
HOA$350.0$0
92%
Days on market10191
3%

Pricing History

Listed for Sale

Feb 25, 2026

$1,550,000

Initial Listing

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