3002 Minaret Way, Marina, California 93933, Marina, 93933 - 4 bed, 3 bath
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3002 Minaret Way
Marina, California 93933
ACTIVE UNDER CONTRACT
CONDITION: EXCELLENT
4Beds
3Baths
1,908Sq Ft
3,594Lot Size
Property Price
LIST PRICE$755,700
EST. MARKET VALUE
$864,569
12% BelowMARKET VALUE
SUMMARY
This Modern Single Family Residence is a Strong Value Opportunity, listed at $755,700—positioned well below the $864,569 Fair Market Value by 12%. This valuation gap offers $108,869 in Instant Equity for qualified buyers. Featuring a Mint Condition Rating, this 2023 build includes a modern open-concept kitchen and a private patio. Located in the Sea Haven community with access to The Cove clubhouse, this property is an ideal acquisition for Owner-Occupants or first-time buyers meeting BMR eligibility.
Estimated Market Value
$864,569+$108,869 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Marina.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3002 Minaret Way Subject 4 bd · 3 ba · 1,908 sqft · $453 | $755,700* List Price | 4 | 3 | 1,908 | $453 | - |
A 2975 Denali Drive Sold 3 bd · 3 ba · 1,902 sqft · $510 · 0.2 mi | $970,000 | 3 | 3 | 1,902 | $510 | 0.2 mi |
B 2785 Telegraph Boulevard Sold 3 bd · 3 ba · 1,969 sqft · $452 · 0.7 mi | $890,000 | 3 | 3 | 1,969 | $452 | 0.7 mi |
C 5003 3rd Avenue Sold 3 bd · 3 ba · 1,802 sqft · $469 · 0.9 mi | $845,000 | 3 | 3 | 1,802 | $469 | 0.9 mi |
D 2773 Telegraph Boulevard Sold 3 bd · 3 ba · 1,969 sqft · $497 · 0.7 mi | $979,000 | 3 | 3 | 1,969 | $497 | 0.7 mi |
E 2790 Telegraph Boulevard Pending 3 bd · 3 ba · 1,919 sqft · $474 · 0.7 mi | $909,000 List Price | 3 | 3 | 1,919 | $474 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Excellent
TeardownExcellent
Property is new construction or fully renovated.
Built in 2023, this property is in mint condition and less than 10 years old. It features a modern open-concept kitchen with granite countertops and stainless steel appliances, contemporary bathrooms, and brand-new HVAC and electrical systems, requiring no maintenance.
PROSSTRENGTHS & OPPORTUNITIES
- Modern New Construction
Built in 2023, this 1,908 sqft home features a contemporary open-concept layout with stylish upgrades and abundant natural light, offering a move-in-ready experience in a new community.
- Premium Community Amenities
Located in the sought-after Sea Haven community, residents benefit from exclusive access to 'The Cove' clubhouse, extensive walking and biking trails, and beautifully maintained parks near the Monterey Bay coastline.
- Exceptional Value Proposition
Offered through the City of Marina’s BMR program, the property provides a rare opportunity to own a large 4-bedroom home at a price point significantly below typical market values for the Central Coast.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =3594, other record lot size in square feet = 3500. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 3.
- Restrictive Eligibility Requirements
The property is subject to the City of Marina Below Market Rate (BMR) program, requiring buyers to meet strict income and qualification criteria, which limits the pool of potential purchasers.
- Compact Lot Size
With a lot size of approximately 3,594 square feet, the outdoor space is relatively limited for a 4-bedroom residence, potentially restricting private yard activities and landscaping options.
About 3002 Minaret Way
Coastal Living, Elevated Welcome to 3002 Minaret Way, a beautifully appointed residence in the highly sought-after Sea Haven community of Marina, where modern comfort meets the relaxed coastal lifestyle of Monterey Bay. Offering approximately 1,908 square feet, this exceptional 4-bedroom, 2.5 -bathroom home is thoughtfully designed with stylish upgrades, an open-concept layout, abundant natural light, and plenty of space. Located within Sea Haven, one of Marinas most desirable coastal communities, residents enjoy access to an incredible collection of amenities including walking and biking trails, beautifully maintained parks, and The Cove clubhouse. With the Monterey Bay coastline nearby, this is a home that allows you to embrace the best of coastal California living while remaining conveniently connected to everything the Central Coast has to offer. Important: This home is offered through the City of Marina Below Market Rate (BMR) Homeownership Program. Buyer must meet the programs income, eligibility, and other qualification requirements and receive approval through the City of Marina.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 2023
- Lot Size
- 3,594 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
Marina Unified Schools
J. C. Crumpton Elementary School
Grades K-5 • 0.5 mi
5/10
Los Arboles Middle School
Grades 6-8 • 1.0 mi
3/10
Marina High School
Grades 9-12 • 0.6 mi
5/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.4 |
| Baths | 3.0 | 2.5 |
| Square foot | 1,908 | 2,033.773 |
| Lot Size | 3,594 | 5,975.318 |
| Price | $755.7K | $1.02M |
| Price per sq ft | $396 | $514 |
| Built year | 2023 | 2016 |
| HOA | $150.0 | $190 |
| Days on market | 21 | 87 |
Pricing History
Listed for Sale
Oct 3, 2026
$755,700
Initial Listing
Sold
May 10, 2024
$687,000
Public Record
Sold
Oct 12, 2023
$55,161,000
Public Record