
Oceanside, California 92056
This Single Family Residence represents a High-Potential Investment Opportunity, listed at $1,149,000—positioned above the $1,100,625 Fair Market Value. While the property lacks immediate equity, its Fair Condition Rating and 1999 build date provide a clear path for value-add renovations. The expansive 14,374 sqft lot and Panoramic Canyon Views offer significant lifestyle appeal. Despite mixed school ratings, the home’s versatile floor plan and private setting make it a compelling acquisition for Value-Add Investors or Owner-Occupants seeking a customizable coastal retreat.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1298 Paseo Hermosa Subject | $1,149,000* List Price | 4 | 3 | 2,467 | $446 | - |
A 1547 Saran Sold | $1,034,000 | 4 | 2 | 2,082 | $497 | 0.6 mi |
B 5101 Palmera Drive Sold | $1,025,000 | 4 | 2 | 2,057 | $498 | 0.2 mi |
C 1922 Sunlight Court Sold | $1,065,000 | 4 | 3 | 2,530 | $421 | 0.8 mi |
D 1064 Darwin Drive Sold | $980,000 | 4 | 3 | 2,459 | $399 | 0.6 mi |
E 5014 Palmera Sold | $1,250,000 | 4 | 3 | 2,797 | $447 | 0.2 mi |
F 5010 Palmera Drive Sold | $1,141,500 | 4 | 3 | 2,664 | $428 | 0.2 mi |
G 5151 Bella Colina Street Active | $1,095,000 List Price | 4 | 3 | 2,451 | $447 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1999, the property is approximately 25 years old, placing it in the 'Fair' category based on age. While the home is well-maintained with recent cosmetic updates like new carpet and interior paint, the kitchen cabinetry and tile flooring appear original to the build date. The kitchen features some updated appliances and countertops, but the overall aesthetic and core systems are dated and lack a comprehensive modern renovation.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 14374, living area = 2467.
Situated on a private driveway with no HOA, the property offers exceptional canyon, mountain, and valley views, providing a serene and secluded atmosphere for residents.
The 2,467-square-foot floor plan includes a generous bonus room ideal for a media lounge or home theater, offering flexibility for modern family needs and entertainment.
While the elementary school is highly rated, the assigned middle and high schools have lower performance scores, which may impact appeal for families prioritizing education.
Beyond fresh paint and new carpet, the property lacks mention of significant kitchen or bathroom renovations, suggesting original 1999 finishes that may require modernization.
Stunning sweeping views and unforgettable sunsets set the tone for this exceptional oceanside retreat, tucked away on a private driveway off the main street. Surrounded by other beautiful homes, 1298 Paseo Hermosa offers a rare combination of privacy, scenery and space in a truly special setting and NO HOA. Freshly updated with new carpet and interior paint, the home features a spacious and highly functional family floor plan designed for both comfortable everyday living and entertaining. Expansive living spaces are complemented by a generous bonus space perfect for a game room, media lounge, playroom, or home theater. The generous lot provides room to relax, entertain, and fully enjoy the incredible panoramic vistas that become the backdrop to daily life. Whether you’re hosting friends, enjoying quiet evenings under colorful coastal skies, or simply taking in the views from home, this property delivers a rare combination of comfort, privacy and atmosphere. A unique opportunity to own a private view property with versatile living spaces, breathtaking scenery and an exceptional setting in one of Oceanside’s most desirable residential pockets.
No exterior & parking available.
Grades K-5 • 1.0 mi
Grades 6-8 • 0.4 mi
Grades 9-12 • 2.0 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 60% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 2,467 | 1,747.5 | 87% |
| Lot Size | 14,374.8 | 5,662.8 | 94% |
| Price | $1.15M | $967.0K | 77% |
| Price per sq ft | $466 | $561 | 18% |
| Built year | 1999 | 1988 | 93% |
| HOA | $0 | $94 | 42% |
| Days on market | 15 | 128 | 5% |
May 29, 2026
$1,149,000
Initial Listing
Sep 27, 2007
$553,000
Public Record
Sep 28, 2005
$685,000
Public Record
Jun 24, 2005
$615,000
Public Record
May 16, 2001
$365,000
Public Record