307 Treasure Island, Aptos, California 95003, Aptos, 95003 - 3 bed, 2 bath
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Aptos, California 95003
This Versatile Coastal Duplex represents a Strong Value Opportunity, listed at $1,185,000—positioned above the $1,107,178 Fair Market Value. While priced at a premium, the property offers a Condition Rating of 4, providing a stable, move-in ready foundation with potential for cosmetic modernization. Featuring a private balcony, two-car garage, and dual-unit configuration, this asset excels in rental demand and lifestyle flexibility. It is an ideal acquisition for Buy-and-Hold Investors seeking coastal income or Owner-Occupants looking to offset mortgage costs through supplemental rental revenue.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 307 Treasure Island Subject | $1,185,000* List Price | 3 | 2 | 1,400 | $791 | - |
A 204 Aptos Beach Drive Active | $1,199,995 List Price | 3 | 2 | 1,204 | $997 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1962, this duplex appears well-maintained and move-in ready, but the kitchen and finishes are dated. The cabinetry and tile work suggest a renovation age of over 20 years, requiring minor updates to meet modern standards despite the clean presentation.
Situated on a quiet cul-de-sac in the highly coveted Rio Del Mar neighborhood, the property is just steps from the sand, offering exceptional lifestyle appeal and high demand.
The duplex configuration provides rare flexibility for investors or owner-occupants to generate rental income, house extended family, or utilize the space as a guest retreat.
The upper unit features vaulted ceilings and a private balcony that maximize natural light and ocean air, significantly enhancing the coastal living experience.
With a total of 1,400 square feet split between two residences, the individual units offer relatively small footprints that may feel restrictive for larger households.
Originally built in 1962, the property likely requires modernization of systems and finishes to meet contemporary standards and mitigate the effects of the coastal environment.
Discover a rare opportunity to own a duplex in Aptos' highly sought-after Rio Del Mar neighborhood. Tucked away on a quiet cul-de-sac just steps from the sand, 307 Treasure Island Dr offers the perfect blend of coastal living, income potential, and long-term value. The property features two residences totaling approximately 1,400 square feet. The upper 2-bedroom, 1-bath home is filled with natural light and features vaulted ceilings and a private balcony for enjoying the ocean air. The lower 1-bedroom, 1-bath unit offers a separate entrance and private outdoor space, ideal for rental income, guests, or extended family. An attached two-car garage provides off-street parking and additional storage. Ideal for investors, owner-occupants seeking supplemental income, or those searching for a beach-close retreat, this versatile property offers flexibility rarely found in Rio Del Mar. Live in one unit and rent the other, create space for extended family, or enjoy a unique coastal investment opportunity. Enjoy easy access to Rio Del Mar and Seacliff beaches, Aptos Village, local restaurants and shops, miles of hiking and biking trails, and convenient Highway 1 access. This is a unique opportunity to own a versatile property in one of Aptos' most desirable coastal communities.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 2.0 | 3.0 |
| Square foot | 1,400 | 1,911 |
| Lot Size | 2,875 | 8,886 |
| Price | $1.19M | $1.47M |
| Price per sq ft | $846 | $858 |
| Built year | 1962 | 1977 |
| HOA | $0 | $238 |
| Days on market | 29 | 43 |
Jun 23, 2026
$1,185,000
Initial Listing
May 10, 2013
$610,000
Public Record
Oct 12, 1999
$295,000
Public Record