240 Rio Del Mar Boulevard O, Aptos, California 95003, Aptos, 95003 - 3 bed, 2 bath
240 Rio Del Mar Boulevard O
Aptos, California 95003
Property Price
SUMMARY
Analysis of 240 Rio Del Mar Boulevard O, Aptos, California 95003 is currently available with a list price of $1,450,000. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. Located in a high-demand neighborhood within the Aptos Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
OVERALL CONDITION SCORE
Property is new construction or fully renovated.
Although built in 1970, the property has undergone an extensive recent renovation to a high standard. It features a gourmet kitchen with quartz countertops, modern stainless steel appliances, hardwood flooring throughout, and updated fixtures. The interior is in like-new, turnkey condition, functioning as a high-end vacation rental with no visible deferred maintenance.
PROSSTRENGTHS & OPPORTUNITIES
- Exceptional Ocean Views & Location
Situated just 200 yards from Rio Beach, the property features a massive 40-foot deck with panoramic views from Capitola to Monterey, offering a premier coastal lifestyle.
- Proven Revenue Generation
Currently operating as a highly successful vacation rental, the home generates substantial annual income exceeding $125,000, making it an ideal turnkey investment opportunity.
- Modernized Turnkey Interior
The home boasts a chic, open-beach design with high-end finishes including quartz countertops, hardwood floors, and a gourmet kitchen, and comes fully furnished for immediate use.
CONSRISKS & DEFICIENCIES
- High Association Fees
The monthly association fee of $1,100 is relatively high, which significantly increases the monthly carrying costs and may impact the net ROI for investors.
- Limited Parking Capacity
The tandem garage only accommodates one vehicle as the second stall is dedicated to storage, which could be a limitation for multi-car households or high-occupancy rentals.
About 240 Rio Del Mar Boulevard O
Sea breezes and beautiful ocean views from Capitola to Monterey greet you from your 40-foot deck at RDM Lookout! This furnished chic home features an open beach design with hardwood floors, gourmet kitchen w/quartz counters, coffee bar & well designed, comfortable living room with cozy fireplace. Enjoy big views from, the living, dining, kitchen, and 3rd bedroom or step outside from 1 of 3 sliding doors to the patio/deck with lounge seating and a gas grill-perfect place to hang out after basking in the sun at the Beach or Pool-by far the best spot in this home! Living is easy with in-house laundry and no worries on parking with a tandem garage which includes parking for 1 car and 2nd stall is an enclosed storage area perfect for boogie boards, beach chairs, beach toys, etc. and added free street parking in front of the complex. WAIT-there's so much more: Ocean View Pool-open year round; Incredible Rio Beach & Downtown only 200 yards away w/Venus Spirits/Restaurant, Venus Pie/Coffee, Pixie Deli, & the local Liquor store - for any last-minute lotto tickets or things you may have forgotten! PLUS Seascape Golf Course right up the street! NOTE: This home is currently a vacation rental generating incredible income (2024=126K+ & 2025=$115K+) Live the Dream!
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1970
- Lot Size
- -
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $1100.0 / Month
Neighborhood Insights
Aptos Unified Schools
Rio Del Mar Elementary School
Grades K-6 • 1.5 mi
Aptos Junior High School
Grades 7-8 • 1.4 mi
Aptos High School
Grades 9-12 • 2.3 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 2.0 | 82% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,138 | 1,210 | 36% |
| Lot Size | - | - | 50% |
| Price | $1.45M | $995.0K | 73% |
| Price per sq ft | $1.3K | $828 | 91% |
| Built year | 1970 | 1989 | 9% |
| HOA | $1100.0 | $538 | 73% |
| Days on market | 9 | 218 | 9% |
Pricing History
Listed for Sale
Feb 26, 2026
$1,450,000
Initial Listing
Sold
Apr 28, 2017
$730,000
Public Record
Sold
May 13, 2011
$665,000
Public Record