101 Shell Drive 3, Watsonville, California 95076, Watsonville, 95076 - 2 bed, 2 bath
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Watsonville, California 95076
This beachfront condo represents a Strong Value Opportunity, listed at a List Price of $860,000, which aligns perfectly with its $860,000 Fair Market Value. Featuring a Condition Rating of 3, the unit offers a turnkey interior with granite countertops and modern cabinetry. Residents enjoy a premium coastal lifestyle with direct beach access, coastal walking paths, and tennis facilities. While the $2,600 HOA fee warrants consideration, the property’s status as a permitted vacation rental provides significant income potential. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a coastal retreat.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 101 Shell Drive 3 Subject | $860,000* List Price | 2 | 2 | 1,040 | $827 | - |
A 101 Shell Drive 106 Sold | $782,000 | 2 | 2 | 1,040 | $752 | - |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While the structure was built in 1973, the interior has undergone significant renovations likely within the 5-15 year range. The kitchen is updated with granite countertops, stainless steel appliances, and modern cabinetry, and the bathrooms feature updated vanities and glass shower enclosures. The property appears well-maintained and move-in ready.
Located in the gated Shorebirds community, this property offers direct beach access, coastal walking paths, and premium recreational facilities including tennis and pickleball courts.
As a permitted vacation rental, this unit provides a rare and valuable opportunity for owners to generate significant income in a highly desirable Monterey Bay destination.
The property is ideally situated with easy access to Aptos, Santa Cruz, and Monterey Bay attractions, offering a perfect balance of seclusion and proximity to local amenities.
The monthly HOA fee of $2,600 is exceptionally high, which significantly increases the cost of ownership and may impact the property's overall investment yield.
Built in 1973, the property and its infrastructure are over 50 years old, which may necessitate additional budget for modernization or maintenance compared to newer developments.
Full ownership opportunity at Pajaro Dunes. 101 Shell Drive # 3 is a permitted vacation rental offered at $860,000 in the gated beachfront Shorebirds community. This 2-bedroom, 2-bath condo offers beach access, coastal walking paths, tennis, pickleball, and the relaxed Monterey Bay lifestyle Pajaro Dunes is known for. Use as a personal beach retreat, vacation rental, or both, subject to HOA, management, and county requirements. Close to Aptos, Seascape Village, Santa Cruz, Moss Landing, Elkhorn Slough, and Monterey Bay attractions. Nearby Seascape Sports Club, one of the Central Coasts premier tennis, pickleball, and fitness clubs, adds another excellent lifestyle amenity.
No exterior & parking available.
Grades K-5 • 3.8 mi
Grades K-6 • 8.5 mi
Grades 6-8 • 4.2 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 | 1,040 | 1,040 | 50% |
| Lot Size | 958 | - | 62% |
| Price | $860.0K | $850.0K | 54% |
| Price per sq ft | $827 | $781 | 62% |
| Built year | 1973 | 1973 | 50% |
| HOA | $2600.0 | $1.8K | 62% |
| Days on market | 131 | 117 | 69% |
May 24, 2026
$860,000
$550,000
+56% Price Increase
Initial Listing
Feb 4, 2026
$550,000
Initial Listing
Oct 4, 2022
$1,265,000
Public Record
Apr 28, 1998
$205,000
Public Record
Nov 15, 1996
$194,500
Public Record