261 Coral Reef Avenue, El Granada, California 94018, El Granada, 94018 - 4 bed, 3 bath

261 Coral Reef Avenue, El Granada, California 94018 home-pic-0

261 Coral Reef Avenue

El Granada, California 94018

ACTIVE
CONDITION: GOOD
4Beds
3Baths
1,770Sq Ft
7,300Lot Size

Property Price

LIST PRICE$1,699,000
EST. MARKET VALUE
$1,640,174
3% AboveMARKET VALUE

SUMMARY

Analysis of 261 Coral Reef Avenue, El Granada, California 94018 reveals a property with a current list price of $1,699,000, which is 3% above the estimated $1,640,174 Fair Market Value. Buyers should carefully evaluate the pricing and consider negotiation opportunities. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. Located in a high-demand neighborhood within the El Granada 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.

Estimated Market Value

$1,640,174
Based on Realkey algorithm analyzing recent comparable sales in El Granada.

Comparable Sales Map

Comparables within 1 miles sold in recently

Address Sold Price BedsBathsSq Ft$/SqftDistance
261 Coral Reef Avenue
Subject
$1,699,000*
List Price
431,770$927-
A
330 Avenue Portola
Sold
$1,521,200521,800$8450.9 mi
B
340 Avenue Del Oro
Sold
$2,195,000332,195$1,0000.8 mi
C
715 Sonora Avenue
Sold
$1,310,000321,530$8560.3 mi
D
249 Sevilla Avenue
Active
$1,399,000
List Price
421,440$9720.2 mi

* Subject property listed price vs sold prices of comps.

Condition Analysis

OVERALL CONDITION SCORE

Good
TeardownExcellent

Property is move-in ready.

The property is in move-in ready condition with several modern updates that align with the 'good' classification. The kitchen has been modernized with granite countertops and stainless steel appliances, and the interior features updated flooring and a clean, contemporary aesthetic. While the home was built in 1973, it has been well-maintained with significant upgrades including a composite deck and a natural gas generator. It does not meet the 'excellent' criteria as it is not a new construction or a total recent down-to-the-studs renovation, but it far exceeds 'fair' due to its high level of maintenance and updated key areas.

PROSSTRENGTHS & OPPORTUNITIES

  • High Available Lot Utilization

    The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7300, living area = 1770.

  • Prime Coastal Location

    Situated in the desirable Clipper Ridge neighborhood, the home offers exceptional proximity to Pillar Point Harbor, waterfront dining, and easy commuting access via Highway 1.

  • Versatile Living Spaces

    The property features a flexible lower-level bonus room with a half bath and a dedicated covered carport for RV or boat parking, providing rare utility for the area.

CONSRISKS & DEFICIENCIES

  • Filtered Ocean Views

    The ocean views are described as 'filtered,' which may be a drawback for buyers seeking unobstructed, panoramic coastal vistas at this price point.

  • Vintage Era Limitations

    Built in 1973, the property may require additional modernization of original systems or structural elements to align with contemporary luxury standards.

About 261 Coral Reef Avenue

Located in the sought-after Clipper Ridge neighborhood, moments from the coastal charm and waterfront dining at Pillar Point Harbor, this spacious home with views of the ocean and open space embodies coastside living. Set on a 7,300+ sq ft lot, the residence offers 1,770+ sq ft of comfortable living space with 4 bedrooms and 2-1/2 bathrooms. The light-filled living room features vaulted ceilings and a fireplace, creating a welcoming feel. Sliding glass doors lead to a composite deck, perfect for morning coffee or sunset evenings with filtered ocean views. The dining area flows into the kitchen with a center island, granite countertops, and stainless steel appliances ideal for casual meals and entertaining. Upstairs offers four bedrooms and two full baths, including a generously sized primary suite with its own ensuite. The lower level provides a flexible bonus space with a half bath and built-in storage, perfect for a home office, gym, media room, or guest retreat. Additional highlights include a two-car garage with storage, landscaped gardens, a covered carport for RV or boat parking, and a natural gas generator with automatic transfer switch for added comfort and peace of mind. With easy access to Highway 1, commuting north to San Francisco or enjoying nearby Half Moon Bay.

Property Details

Public Facts

Property Type
Single Family Residence
Year Built
1973
Lot Size
7,300 Sq. Ft.

Interior

Total Bedrooms
4
Total Bathrooms
3 (3 Full, 0 Half)

Exterior & Parking

No exterior & parking available.

Utilities & Misc

HOA Fee
$150.0 / Month

Neighborhood Insights

Sensitive Facilities

No sensitive facilities data found.

Neighborhood Comparison

FeatureSubjectAverage HomeNeighborhood Ranking (50 Listings)
Beds4.03.0
53%
Baths3.03.0
50%
Square foot1,7702,080
41%
Lot Size7,3006,229
71%
Price$1.70M$1.65M
59%
Price per sq ft$960$836
76%
Built year19731986
35%
HOA$150.0$0
88%
Days on market9176
12%

Pricing History

Listed for Sale

Feb 26, 2026

$1,699,000

Initial Listing

Sold

Oct 4, 2023

$1,650,000

Public Record

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