293 Reef Point Way 5, Oceanside, California 92058, Oceanside, 92058 - 4 bed, 3 bath
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293 Reef Point Way 5
Oceanside, California 92058
ACTIVE
CONDITION: GOOD
4Beds
3Baths
1,569Sq Ft
0Lot Size
Property Price
LIST PRICE$705,000
EST. MARKET VALUE
$700,106
SUMMARY
This Turnkey Condominium is a Strong Value Opportunity, listed at $715,000—positioned well below the $717,783 Fair Market Value by 0.39%. This valuation gap offers $2,783 in Instant Equity. Featuring a Condition Rating of 3, the home offers a functional layout with a rare downstairs bedroom and a large patio with park views. Located near Camp Pendleton and the San Luis Rey trail, this property is an ideal fit for Owner-Occupants or first-time buyers seeking a move-in ready coastal lifestyle.
Estimated Market Value
$700,106
Based on Realkey algorithm analyzing recent comparable sales in Oceanside.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 293 Reef Point Way 5 Subject 4 bd · 3 ba · 1,569 sqft · $446 | $705,000* List Price | 4 | 3 | 1,569 | $446 | - |
A 4484 Brisbane Way 3 Sold 3 bd · 3 ba · 1,471 sqft · $442 · 0.8 mi | $650,000 | 3 | 3 | 1,471 | $442 | 0.8 mi |
B 310 Sunset 5 Sold 3 bd · 3 ba · 1,569 sqft · $446 | $699,000 | 3 | 3 | 1,569 | $446 | - |
C 641 Sumner Way #1 Sold 2 bd · 2 ba · 1,141 sqft · $473 · 0.8 mi | $540,000 | 2 | 2 | 1,141 | $473 | 0.8 mi |
D 4450 Brisbane Way 6 Sold 2 bd · 2 ba · 1,141 sqft · $482 · 0.7 mi | $550,000 | 2 | 2 | 1,141 | $482 | 0.7 mi |
E 631 Persimmon Way Active 2 bd · 2 ba · 1,154 sqft · $468 · 0.6 mi | $539,900 List Price | 2 | 2 | 1,154 | $468 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
Built in 2006, this 20-year-old property is well-maintained and move-in ready. The kitchen and bathrooms appear to be original to the construction but feature functional stainless steel appliances and granite countertops, meeting the criteria for a well-maintained home of this age.
PROSSTRENGTHS & OPPORTUNITIES
- Functional Floor Plan
The rare four-bedroom layout includes a highly desirable downstairs bedroom and full bathroom, offering excellent flexibility for guests, a home office, or multi-generational living.
- Strategic Location
Ideally situated near Camp Pendleton's back gate and major freeways (I-5, 76, 78), providing superior accessibility for military personnel and commuters while remaining minutes from the beach.
- Outdoor Lifestyle Integration
The property features a large patio with serene park views and is within walking distance to the San Luis Rey paved river trail, catering perfectly to active residents and pet owners.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 3.
- High Association Fees
The monthly HOA fee of $455 represents a significant recurring carrying cost that may impact the overall affordability and debt-to-income ratio for prospective buyers.
- School District Ratings
The assigned secondary schools currently hold average to lower ratings, which could be a drawback for families prioritizing top-tier educational performance in their home search.
About 293 Reef Point Way 5
Only a short drive to the beach, your new home is here at Pelican Cove! From your large patio you view the park setting. Inside you'll find an open kitchen and living room with lots of natural light. Downstairs you'll see one bedroom and a full bathroom. Upstairs is the Primary suite and remaining bedrooms. Enjoy your large, attached, two-car garage, including space for laundry. Nearby is not just the beach, the pier, and coveted downtown Oceanside, but lots of shopping, eateries, and access to the I-5, 76 and 78 freeways! Close to Camp Pendleton's back gate. Walking distance to San Luis Rey Mission and the paved river trail! Dog friendly!
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 2006
- Lot Size
- -
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $455.0 / Month
Neighborhood Insights
Oceanside Unified Schools
Louise Foussat Elementary School
Grades K-5 • 0.4 mi
4/10
Ocean Shores High (Continuation) School
Grades 9-12 • 2.1 mi
0/10
Oceanside High School
Grades 9-12 • 3.7 mi
5/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 2.0 |
| Baths | 3.0 | 2.0 |
| Square foot | 1,569 | 1,071.232 |
| Lot Size | - | 55,759.858 |
| Price | $705.0K | $576.2K |
| Price per sq ft | $449 | $544 |
| Built year | 2006 | 1988 |
| HOA | $455.0 | $530 |
| Days on market | 20 | 58 |
Pricing History
Listed for Sale
Oct 22, 2026
$705,000
$715,000
-1% Price Drop
Initial Listing
Price Change
Oct 5, 2026
$715,000
Initial Listing
Sold
Apr 26, 2018
$405,000
Public Record
Sold
Apr 28, 2016
$360,000
Public Record
Sold
Jul 17, 2014
$315,000
Public Record
Sold
Jul 28, 2009
$220,000
Public Record
Sold
Jul 28, 2006
$407,000
Public Record