
Aptos, California 95003
This Single Family Residence represents a High-Potential Investment Opportunity, listed at $1,998,000—positioned well above the $1,787,825 Fair Market Value by 11%. While currently priced above market, the property features a Fair Condition Rating and offers significant lifestyle appeal with Ocean Views, a Large Spa, and a unique Hobbit Hideaway workshop. The home’s French Provincial charm and proximity to Rio Del Mar State Beach provide a distinct foundation for value-add renovations. This property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a coastal lifestyle project.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 232 Aptos Beach Drive Subject | $1,998,000* List Price | 4 | 3 | 1,952 | $916 | - |
A 261 Aptos Beach Drive Sold | $1,478,000 | 3 | 2 | 1,880 | $786 | 0.2 mi |
B 524 Middlefield Drive Sold | $1,585,000 | 3 | 2 | 1,684 | $941 | 1.0 mi |
C 457 Monterey Drive Sold | $1,410,000 | 3 | 3 | 1,800 | $783 | 1.0 mi |
D 424 Palmer Avenue Sold | $1,850,000 | 4 | 3 | 2,238 | $827 | 0.7 mi |
E 326 Palmer Avenue Sold | $1,650,000 | 3 | 2 | 1,312 | $1,258 | 0.7 mi |
F 229 Rio Del Mar Boulevard Active | $1,750,000 List Price | 4 | 2 | 1,860 | $941 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1998, this 26-year-old home falls into the 'Fair' category as it exceeds the 20-year age threshold without evidence of a major recent renovation. While the property is very well-maintained and move-in ready, the kitchen and interior finishes—including white tile countertops, knotty pine cabinetry, and plush carpeting—are dated and reflect the original construction era.
The property is ideally situated just a short stroll from Rio Del Mar State Beach and local cafes, offering a quintessential beach lifestyle with desirable ocean views.
Crafted by master builder Bob Frisbey, the home features unique French Provincial charm, vaulted skylit ceilings, and a specialized 'hobbit hideaway' workshop space.
The residence boasts an expansive backyard deck with a large spa and welcoming hangout areas, perfect for entertaining and enjoying the coastal climate.
The 1998 construction includes knotty pine surfaces and plush carpeting, which may require modernization to meet the aesthetic preferences of today's luxury buyers.
A 60-day period on the market and a significant price reduction of nearly $300,000 suggest the property was initially overpriced for its current condition or location.
This exquisite 4-bedroom abode perfectly blends French Provincial charm with the modern beach lifestyle, enjoying ocean views on a tree-lined drive, just a short stroll past the cafes and delis that greet your morning walk out to the broad sands of Rio Del Mar State Beach. Artfully constructed by master craftsman Bob Frisbey in 1998 with surfaces of knotty pine and plush carpeting to set a tone of warmth, complemented by open beams and vaulted skylit ceilings above. The home offers a pleasant variety of environs to enjoy either quietly or with others, depending on your mood. The living room circles round a wood-burning fireplace, while the family room provides a more sequestered space. And the kitchen has both an intimate breakfast nook and an expanded dining room, fit for holiday gatherings that can spill out onto the back yard deck with its large spa and welcoming hangout areas. Also designed to be practical with convenience in mind, courtesy of thoughtful touches like having the laundry tucked in by the primary suite, plus ample parking with a 2-car garage accessed by spiral stairs, and even a "hobbit hideaway" storage or workshop space for the crafter, contractor or hobbyist. Congratulations, you have found a true haven of comfort and elegance on an idyllic coastal setting.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.0 |
| Baths | 3.0 | 3.0 |
| Square foot | 1,952 | 1,911 |
| Lot Size | 5,009 | 8,886 |
| Price | $2.00M | $1.47M |
| Price per sq ft | $1.0K | $858 |
| Built year | 1998 | 1977 |
| HOA | $0 | $238 |
| Days on market | 48 | 43 |
Jul 7, 2026
$1,998,000
$2,295,000
-13% Price Drop
Initial Listing
Jun 4, 2026
$2,295,000
Initial Listing
Sep 29, 1997
$90,000
Public Record
Sep 24, 1997
$90,000
Public Record
May 30, 1997
$89,000
Public Record