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

261 Coral Reef Avenue
El Granada, California 94018
Property Price
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
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 261 Coral Reef Avenue Subject | $1,699,000* List Price | 4 | 3 | 1,770 | $927 | - |
A 330 Avenue Portola Sold | $1,521,200 | 5 | 2 | 1,800 | $845 | 0.9 mi |
B 340 Avenue Del Oro Sold | $2,195,000 | 3 | 3 | 2,195 | $1,000 | 0.8 mi |
C 715 Sonora Avenue Sold | $1,310,000 | 3 | 2 | 1,530 | $856 | 0.3 mi |
D 249 Sevilla Avenue Active | $1,399,000 List Price | 4 | 2 | 1,440 | $972 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
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
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 53% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 1,770 | 2,080 | 41% |
| Lot Size | 7,300 | 6,229 | 71% |
| Price | $1.70M | $1.65M | 59% |
| Price per sq ft | $960 | $836 | 76% |
| Built year | 1973 | 1986 | 35% |
| HOA | $150.0 | $0 | 88% |
| Days on market | 9 | 176 | 12% |
Pricing History
Listed for Sale
Feb 26, 2026
$1,699,000
Initial Listing
Sold
Oct 4, 2023
$1,650,000
Public Record

















































