
Oxnard, California 93035
This waterfront residence in Mandalay Bay represents a Strong Value Opportunity, listed at $1,550,000—positioned well below the $1,650,000 Fair Market Value by 7%. This valuation gap provides $100,000 in Instant Equity for the buyer. Featuring a 30-ft private boat dock, newer Trex deck, and stunning canal views, the home maintains a Condition Rating of 4, offering significant upside through cosmetic modernization. This property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a waterfront lifestyle with immediate value-add potential.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2325 Kingsbridge Lane Subject | $1,550,000* List Price | 3 | 3 | 1,800 | $803 | - |
A 4045 Sunset Lane Active | $1,399,999 List Price | 3 | 3 | 2,098 | $667 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1971, the home is well-maintained but shows its age with an outdated kitchen featuring older appliances and tile countertops. While the exterior boasts a newer Trex deck, the interior requires cosmetic updates (TLC) to flooring and fixtures to meet modern standards.
Welcome to your waterfront home in Mandalay Bay. This well appointed 2-bedroom + den, 2.5-bath residence offers the ultimate Harbor & Beach lifestyle, complete with a 30-ft private boat dock and a newer Trex patio designed for effortless waterfront entertaining.The first level showcases soaring high-beam ceilings, a decorative fireplace, and stunning marina views that fill the living space with natural light. The kitchen and breakfast nook overlook the water and patio, creating the perfect setting for morning coffee or sunset dining. A versatile bonus den on the main floor provides an ideal space for a home office, guest area, or cozy retreat.Upstairs, you will find a spacious primary bedroom and ensuite bathroom. A secondary bedroom features a private balcony and full bathroom.Step outside to an expansive backyard deck with breathtaking channel views, perfect for entertaining, relaxing, and enjoying spectacular sunsets. Additional highlights include an attached two-car garage and direct access to the harbor.Ideally located near Channel Islands Harbor, you can boat to waterfront restaurants, shops, yacht clubs, and the open ocean, plus enjoy a short stroll to the beach.With a little TLC and your final decorator touches, Live where every day feels like a vacation! Current Occupants have a lease through July 20, 2027. Any offers must be mindful of the remaining lease term and tenants rights. This home was recently (February 2025) appraised at $1,650,000.00!
No exterior & parking available.
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 | 1,800 | 1,734 | 55% |
| Lot Size | 2,613 | 1,742 | 73% |
| Price | $1.55M | $810.0K | 91% |
| Price per sq ft | $861 | $503 | 91% |
| Built year | 1971 | 1992 | 9% |
| HOA | $50.0 | $347 | 9% |
| Days on market | 114 | 136 | 27% |
Feb 19, 2026
$1,550,000
Initial Listing