
Aptos, California 95003
This Coastal Mediterranean Residence is a High-Potential Investment Opportunity, listed at $1,998,000—positioned well below the $1,768,751 Fair Market Value by -12%. While the property requires cosmetic updates to its Condition Rating of 4, the reverse floor plan, panoramic ocean views, and private courtyard offer significant upside. Located near Rio Del Mar Elementary, this home balances lifestyle appeal with value-add potential. It is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants looking to personalize a premier Aptos coastal asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1931 Dolphin Drive Subject | $1,998,000* List Price | 3 | 3 | 2,027 | $873 | - |
A 246 Via Novella Sold | $1,750,000 | 3 | 2 | 1,935 | $904 | 0.4 mi |
B 142 Thunderbird Drive Sold | $1,650,000 | 3 | 3 | 1,948 | $847 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1980 (44 years old), the property is well-maintained but dated. While the kitchen has been partially updated with stainless steel appliances, the cabinetry, glass block breakfast bar, and Saltillo tile flooring reflect an aesthetic older than 20 years, requiring cosmetic modernization.
The reverse floor plan and large upper deck capitalize on stunning ocean and bay views, perfectly blending Mediterranean charm with the Aptos coastal environment.
Situated minutes from Seascape Beach, the Resort, and top-tier dining, the property offers an exceptional lifestyle with high-rated schools like Rio Del Mar Elementary nearby.
Features like the hand-carved vintage doors, a private courtyard, and a rear greenbelt buffer provide a rare level of seclusion and character in a desirable neighborhood.
A significant price reduction from the original $2.3M listing suggests the property may have struggled with initial market positioning or appraisal alignment.
Built in 1980, the home may require updates to its original Mediterranean finishes or systems to meet the expectations of modern luxury buyers at this price point.
Mediterranean soul, ocean air, and a courtyard that makes you forget the rest of the world exists. 1931 Dolphin Dr. is a Coastal Mediterranean retreat with a reverse floor plan that puts the living where it belongs: upstairs, open, and facing the ocean. Vaulted open-beam ceilings, Saltillo tile floors, and a white stucco fireplace create a warmth that hits immediately. The kitchen flows directly into the living and dining space and out onto a large upper deck through French doors. Ocean views, sunset cocktails, and apps straight from the kitchen. This layout was made for people who entertain. The upstairs primary suite offers custom built-ins, a walk-in closet, and private bath. Two additional bedrooms and a full bath are located on the main level. The garage features epoxy floors and a bonus space that could serve as storage or dark room. Hand carved vintage wood doors open to a private courtyard, a detail that sets this home apart before you ever see the view. Beyond the backyard, a greenbelt buffer creates privacy and breathing room. Minutes from Seascape Beach, Seascape Resort, Seascape Sports Club, and the Golf Club. Venus, The Point, and Cavalletta are all close by. The paw prints in the terracotta tiles stay. All that is left is you. Your Aptos chapter starts here.
No exterior & parking available.
Grades K-6 • 0.6 mi
Grades 7-8 • 1.8 mi
Grades 9-12 • 1.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 2,027 | 1,775 | 61% |
| Lot Size | 6,578 | 7,492 | 46% |
| Price | $2.00M | $1.49M | 75% |
| Price per sq ft | $986 | $847 | 67% |
| Built year | 1980 | 1978 | 58% |
| HOA | $0 | $0 | 50% |
| Days on market | 32 | 123 | 6% |
Jun 4, 2026
$1,998,000
$2,300,000
-13% Price Drop
Initial Listing
May 13, 2026
$2,300,000
Initial Listing