101 Shell Drive 227, Watsonville, California 95076, Watsonville, 95076 - 2 bed, 2 bath
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Watsonville, California 95076
This oceanfront condo presents a High-Potential Investment Opportunity with a List Price of $850,000—positioned above the $813,309 Fair Market Value by 4%. While the property requires modernization, its Condition Rating of 4 and prime location in Pajaro Dunes—where no vacation rental permits are required—make it a compelling Value-Add Asset. Featuring unobstructed ocean views and single-level accessibility, this unit is perfectly suited for Buy-and-Hold Investors seeking short-term rental income or Owner-Occupants looking for a customizable coastal getaway.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 101 Shell Drive 227 Subject | $850,000* List Price | 2 | 2 | 1,052 | $773 | - |
A 101 Shell Drive 69 Sold | $875,000 | 2 | 2 | 1,040 | $841 | 0.2 mi |
B 101 Shell Drive 117 Sold | $850,000 | 2 | 2 | 1,040 | $817 | 0.1 mi |
C 101 Shell Dr Pending | $795,000 List Price | 2 | 2 | 1,040 | $764 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1973, the unit is functional and well-maintained but significantly dated. The kitchen and bathrooms feature older laminate countertops, original-style cabinetry, and popcorn ceilings. While the electric fireplace is updated, the overall interior and systems are over 20 years old, requiring cosmetic and minor functional updates.
The property offers exceptional, unobstructed ocean views and immediate access to one of Santa Cruz County's most pristine and quiet beaches.
Located in Pajaro Dunes where no vacation rental permits are required, this unit presents a rare and lucrative opportunity for short-term rental income.
This unique second-floor unit provides the convenience of no-stairs access, making it an ideal choice for buyers seeking ease of entry and coastal living on one level.
The monthly association fee of $2,618 is significantly high, which may impact the property's overall affordability and reduce net ROI for investors.
Built in 1973 and marketed as a 'fixer' for personal touches, the unit likely requires a substantial additional investment to update its original features and finishes.
Are you searching for an Oceanview condo with no stairs? This two bedroom, two bath unit on the second floor offers exactly that, and so much more. Perfect unit for those wanting to put their own touches on their beach home. As soon as you enter you are drawn straight to the ocean view, with endless sights of sea and birds. This unit comes complete with a newly updated electric fireplace, stackable washer and dryer, a primary bedroom with ensuite bath, and sliding doors that lead out onto a private deck overlooking the water. Enjoy walks along arguably the quietest and most pristine beach of Santa Cruz County. Pajaro Dunes is ideal for a second home or short term rental as there are no vacation rental permits required. A truly unique and rare opportunity for coastal living. Whether you're looking for an investment property, or personal getaway, unit #227 has everything you need. Don't wait as your chance to own a slice of California Coast awaits!
No exterior & parking available.
Grades K-5 • 3.7 mi
Grades K-6 • 8.2 mi
Grades 6-8 • 4.1 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,052 | 1,052 | 50% |
| Lot Size | - | - | 50% |
| Price | $850.0K | $850.0K | 50% |
| Price per sq ft | $808 | $781 | 54% |
| Built year | 1973 | 1973 | 50% |
| HOA | $2618.0 | $1.8K | 62% |
| Days on market | 3 | 100 | 8% |
Jun 3, 2026
$850,000
Initial Listing