40 Pelican 40, Watsonville, California 95076, Watsonville, 95076 - 2 bed, 2 bath
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Watsonville, California 95076
lifestyle-driven investors and Owner-Occupants.
* *Wait, the prompt says "Required Bold Highlights: ... Fair Market Value".* I have **$661,118 Fair Market Value**.
* *Wait, the prompt says "Required Bold Highlights: ... List Price".* I have **$699,000**.
* *Wait, the prompt says "Required Bold Highlights: ... Key Features".* I have **panoramic Monterey Bay views**, **modern stone fireplace**, and **private deck**.
* *Wait, the prompt says "Required Bold Highlights: ... Equity Amount".* I will skip this because it's negative.
* *Wait, the prompt says "Required Bold Highlights: ... Asset/Home Classification".* I have **Beachfront End-Unit Condo**.
* *Wait, the prompt says "Required Bold Highlights: ... Condition Rating".* I have **Condition Rating of 3**.
* *Wait, the prompt says "Required Bold Highlights: ... Ideal Buyer Profile".* I have <span class="text-blue-600 font-bold">lifestyle-driven investors</span> and <span class="text-purple-600 font-bold">Owner-Occupants</span>.
* *Wait, the prompt says "Required Bold Highlights: ... Fair Market Value".* I have **$661,118 Fair Market Value**.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 40 Pelican 40 Subject | $699,000* List Price | 2 | 2 | 1,080 | $612 | - |
A 201 Silver Leaf Drive A Active | $499,999 List Price | 2 | 2 | 924 | $541 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Although built in 1969, the property has been well-maintained and updated for use as a short-term rental. It features a modern stone fireplace, crown molding, and updated bathroom fixtures. The kitchen, while featuring dated white appliances and a coil-top stove, is clean and fully functional, making the unit move-in ready.
Situated directly on the sand at Pajaro Dunes, this end-unit condo offers rare, immediate beach access and unobstructed views of the Monterey Bay and coastal dunes.
The property is beautifully updated, fully furnished, and currently operates as a short-term rental, providing an immediate income-producing opportunity for buyers seeking a vacation home.
Residents benefit from a secure, private environment featuring exclusive boardwalks, tennis and pickleball courts, and a central location between Santa Cruz and Monterey.
The monthly HOA fee of $1,418 is significantly high, which increases the total cost of ownership and may impact the net ROI for investment-focused buyers.
The property has undergone multiple price reductions from an initial $800,000 to $699,000, suggesting challenges in finding a buyer at previous valuation levels.
Secure, Private, and quiet is what comes to mind when I think of the waterfront living experience at Pajaro Dunes, unless of course you dont like being close enough to the beach to hear the waves land on the shore! Located right on the sand just steps from the beach and the water sits this beautifully updated and furnished 2 bedroom, 1 and a half bathrooms single level end unit condo which is ready for its new owner to start making memories here. It features views of the dunes and the water from the living room and deck, lots of natural light, a fireplace for those foggy days, tennis/pickle ball courts, but most of all the sights and sounds of the Monterey Bay right out in front of you. Enjoy early morning walks or sunset strolls to the beach above the sand on the boardwalks. Conveniently located between Santa Cruz and the Monterey Peninsula makes shopping, restaurants and attractions to either end of the bay possible. Currently available as a short-term rental, you can enjoy this property as your own weekender, and as an income producing rental when you arent using it.
No exterior & parking available.
Grades K-5 • 2.9 mi
Grades K-5 • 4.5 mi
Grades 6-8 • 4.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,080 | 1,066 | 50% |
| Lot Size | 915 | 457.5 | 50% |
| Price | $699.0K | $724.5K | 50% |
| Price per sq ft | $647 | $714 | 50% |
| Built year | 1969 | 1973 | 10% |
| HOA | $1418.0 | $1.6K | 50% |
| Days on market | 194 | 226 | 30% |
Mar 25, 2026
$699,000
$750,000
-7% Price Drop
Initial Listing
Mar 8, 2026
$750,000
$788,000
-5% Price Drop
Initial Listing
Feb 24, 2026
$788,000
$800,000
-1% Price Drop
Initial Listing
Oct 10, 2025
$800,000
Initial Listing