3242 Coral Way, Marina, California 93933, Marina, 93933 - 4 bed, 3 bath
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Marina, California 93933
This Character-Rich Marina Residence is listed at $949,000, reflecting its unique location and lot utility relative to the $881,104 Fair Market Value. Maintaining a Condition Rating of 4, the home features a crafted Carmel stone wall, wine cellar, and upper-level pond views. While the 1,500 sqft interior offers a compact 4-bedroom layout, the prime 8,687 sqft cul-de-sac lot provides significant ADU expansion potential. Located near Ione Olson Elementary, this property is perfectly suited for multi-generational families or Owner-Occupants seeking a value-add coastal lifestyle.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3242 Coral Way Subject | $949,000* List Price | 4 | 3 | 1,500 | $627 | - |
A 277 Young Circle Sold | $860,000 | 4 | 2 | 1,636 | $526 | 0.6 mi |
B 292 Quebrada Del Mar Road Sold | $918,000 | 3 | 2 | 1,647 | $557 | 0.9 mi |
C 3288 Steven Court Sold | $865,000 | 4 | 2 | 1,799 | $481 | 0.2 mi |
D 3352 Michael Drive Adu Active | $1,150,000 List Price | 5 | 4 | 1,592 | $722 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property was built in 1988 (36 years old) and appears to maintain many original features, such as the vertical wood paneling and Carmel stone wall, which are now dated. While the inclusion of double-pane windows and hardwood floors is a plus, the home likely requires updates to the kitchen and bathrooms to meet modern standards, and the exterior yard is currently unlandscaped.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 8687, living area = 1500.
Situated at the end of a quiet cul-de-sac on a generous 8,687 sqft lot, this property offers a safe, serene environment with quick access to Highway 1, Marina Beach, and local recreation.
The expansive backyard provides a significant opportunity to add an in-law quarters or ADU with a private side entrance, offering excellent potential for multi-generational living or rental income.
At 1,500 square feet for a 4-bedroom configuration, the interior living areas and individual bedrooms may feel undersized or cramped for some families.
The assigned middle school carries a lower rating of 3/10, which may be a concern for education-focused buyers compared to neighboring districts.
Location, location, location Nothing But Location. This property is situated very quiet end of the cul-de-sac on an 8,687sf lot with in the Cypress Cove community and provides a safe and serene environment for children to play and thrive. The home has quick access to Highway1 and is close proximity to Marina Beach, Gloria Jean Tate Park (which includes a pump track, pickle ball and basketball courts, dog park and playground),Marina Public Library and Walmart. Highlights of the home include an open floor plan, high ceiling, double pane windows, hard wood floors throughout and crafted Carmel stone wall in the living room. The downstairs den includes a wet bar and wine cellar. There are custom made stain glass here and there giving the home a personal touch. Venture upstairs to enjoy views of ducks swimming in the pond or the lively atmosphere of the Beach Road. All 3 bedrooms are upstairs and are hidden from neighbor's view for your protection and privacy. There is plenty of natural sunlight throughout the house. The large backyard is perfect for family gatherings barbeque or relaxation with possibility to add an in-law quarters or ADU. This addition can have a private entrance via the right side pathway.
No exterior & parking available.
Grades K-5 • 0.6 mi
Grades 6-8 • 1.1 mi
Grades 9-12 • 1.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 66% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 1,500 | 1,824 | 23% |
| Lot Size | 8,687 | 5,732 | 87% |
| Price | $949.0K | $949.5K | 50% |
| Price per sq ft | $633 | $537 | 81% |
| Built year | 1988 | 2016 | 35% |
| HOA | $0 | $150 | 39% |
| Days on market | 55 | 165 | 3% |
Apr 20, 2026
$949,000
Initial Listing
Dec 17, 1993
$209,000
Public Record