40 Pelican 40, Watsonville, California 95076, Watsonville, 95076 - 2 bed, 2 bath

40 Pelican 40, Watsonville, California 95076 home-pic-0

40 Pelican 40

Watsonville, California 95076

ACTIVE
CONDITION: EXCELLENT
2Beds
2Baths
1,080Sq Ft
915Lot Size

Property Price

LIST PRICE$788,000

SUMMARY

Analysis of 40 Pelican 40, Watsonville, California 95076 is currently available with a list price of $788,000. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. Located in a high-demand neighborhood within the Watsonville Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.

Condition Analysis

OVERALL CONDITION SCORE

Excellent
TeardownExcellent

Property is new construction or fully renovated.

Although built in 1969, this beachfront condo has been extensively renovated and is presented in turnkey condition. The interior features a modern kitchen with updated cabinetry and stainless steel appliances, contemporary flooring, a refreshed fireplace, and updated bathrooms. The property is fully furnished and maintained to high standards for the short-term rental market, meeting the criteria for a fully renovated home with no deferred maintenance.

PROSSTRENGTHS & OPPORTUNITIES

  • Prime Beachfront Location

    Situated directly on the sand at Pajaro Dunes, this end-unit condo offers immediate beach access and exceptional views of the Monterey Bay and coastal dunes.

  • Turnkey Investment Potential

    The property is beautifully updated, fully furnished, and currently operating as a short-term rental, providing an immediate income-producing opportunity for the new owner.

  • Desirable Amenities and Layout

    This single-level end unit features a cozy fireplace and access to community tennis and pickleball courts, all within a secure and private waterfront community.

CONSRISKS & DEFICIENCIES

  • High Association Fees

    The monthly association fee of $1,418 is significantly high, which may impact the overall affordability and net return on investment for buyers.

  • Coastal Maintenance Concerns

    Built in 1969, the property's age combined with its direct exposure to salt air and moisture may lead to higher long-term maintenance requirements and potential assessments.

About 40 Pelican 40

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.

Property Details

Public Facts

Property Type
Condominium
Year Built
1969
Lot Size
915 Sq. Ft.

Interior

Total Bedrooms
2
Total Bathrooms
2 (2 Full, 0 Half)

Exterior & Parking

No exterior & parking available.

Utilities & Misc

HOA Fee
$1418.0 / Month

Neighborhood Insights

Watsonville Unified Schools

Ohlone Elementary School

Grades K-5 • 2.9 mi

4/10

Landmark Elementary School

Grades K-5 • 4.5 mi

2/10

Pajaro Middle School

Grades 6-8 • 4.7 mi

2/10

Sensitive Facilities

No sensitive facilities data found.

Neighborhood Comparison

FeatureSubjectAverage HomeNeighborhood Ranking (50 Listings)
Beds2.02.0
50%
Baths2.02.0
50%
Square foot1,0801,052
57%
Lot Size915-
71%
Price$788.0K$769.0K
50%
Price per sq ft$730$795
29%
Built year19691974
14%
HOA$1418.0$2.4K
36%
Days on market148248
7%

Pricing History

Listed for Sale

Feb 24, 2026

$788,000

$800,000

-1% Price Drop

Initial Listing

Price Change

Oct 10, 2025

$800,000

Initial Listing

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