
Cambria, California 93428
This Craftsman-style residence represents a Prime Investment Opportunity, listed at $1,299,000—positioned well below the $1,331,414 Fair Market Value by 2%. This valuation gap provides $32,414 in Instant Equity. Featuring a 4 Condition Rating, the home offers a unique Vacation Rental License and a versatile split-level layout with two en-suite primary bedrooms. While the interior requires modernization, the serene tree-lined setting and expansive deck provide significant appeal. This property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking long-term value.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1086 Hillcrest Subject 3 bd · 3 ba · 2,346 sqft · $568 | $1,299,000* List Price | 3 | 3 | 2,346 | $568 | - |
A 5259 Hillcrest Sold 3 bd · 3 ba · 1,895 sqft · $599 · 0.1 mi | $1,135,000 | 3 | 3 | 1,895 | $599 | 0.1 mi |
B 1141 Hartford Sold 3 bd · 2 ba · 1,612 sqft · $707 · 0.2 mi | $1,140,000 | 3 | 2 | 1,612 | $707 | 0.2 mi |
C 1140 Hartford Street Active 3 bd · 3 ba · 2,430 sqft · $574 · 0.2 mi | $1,395,000 List Price | 3 | 3 | 2,430 | $574 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1997 (27 years old), the property is well-maintained but remains largely dated. The kitchen features original tile countertops and white appliances, and while the primary bathroom has seen some updates like vessel sinks, the overall aesthetic and systems are over 20 years old and require modernization to meet current standards.
The property comes with a rare and active vacation rental license, offering a significant advantage for investors or owners looking to offset costs in a highly regulated market.
The 2,346 sq. ft. Craftsman home features a unique split-level design with two en-suite primary bedrooms, providing excellent privacy and flexibility for guests or multi-generational living.
Nestled among mature oak and pine trees in Pine Knolls Estates, the home offers a tranquil, private atmosphere with expansive decking that maximizes the 'treehouse' aesthetic.
The primary suite is accessed via a spiral staircase, which may pose mobility challenges for some residents or limit the home's appeal to a broader demographic.
While the wooded setting is peaceful, the property lacks the ocean views often sought after at this price point in the coastal community of Cambria.
Welcome to Scenic Pine Knolls Estates, where this highly desirable Craftsman-style home is nestled among mature oak and pine trees, offering a peaceful and private retreat. This distinctive multi-level residence features 2,346 square feet of thoughtfully designed living space, with three bedrooms and three full bathrooms, including two en-suite primary bedrooms. Recent improvements enhance the home's comfort, convenience, and appeal, including a new instant hot water system with reverse osmosis water filtration, a new concrete driveway, a new refrigerator, fresh interior paint, and newly stained and sealed exterior decking. The open floor plan creates a warm and inviting atmosphere, while the unique multi-level design provides a wonderful sense of privacy and separation between living areas. One bedroom offers exceptional versatility as a guest room or private office and includes a convenient Murphy bed. A charming spiral staircase leads to the primary suite, a spacious private retreat featuring a spectacular three-part walk-in closet, a beautifully appointed bathroom, a dedicated study, and a private balcony overlooking the surrounding trees. Step onto the expansive main deck and enjoy the tranquility of the natural surroundings. Whether savoring morning coffee, unwinding in the evening, or entertaining friends among the majestic oaks and pines, this inviting outdoor space captures the essence of relaxed living. Situated on a lot just under one-quarter acre, this special property combines classic Craftsman cedar character, thoughtful recent upgrades, a serene wooded setting, and a distinctive architectural design in one of the area's most desirable locations. **Vacation-Rental Opportunity:** The property currently has an active vacation-rental license held by the seller, although the home is not presently operating as a vacation rental. The new owner will have the opportunity to pursue a vacation-rental license, subject to applicable local regulations, licensing requirements, and approval. This offers the flexibility to enjoy the home as a private woodland retreat while exploring the potential for future vacation-rental use. Discover a home that blends character, comfort, privacy, and versatility—a peaceful woodland retreat offering distinctive architectural features, modern conveniences, and exciting possibilities.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 2.8 |
| Baths | 3.0 | 2.6 |
| Square foot | 2,346 | 1,650.2 |
| Lot Size | 9,000 | 5,332.8 |
| Price | $1.30M | $1.10M |
| Price per sq ft | $554 | $727 |
| Built year | 1997 | 1983 |
| HOA | $0 | $0 |
| Days on market | 17 | 60 |
Oct 7, 2026
$1,299,000
Initial Listing
Mar 13, 2025
$1,225,000
Public Record
Apr 9, 2004
$790,000
Public Record
Jan 15, 1998
$273,000
Public Record
May 22, 1996
$45,000
Public Record