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

40 Pelican 40
Watsonville, California 95076
Property Price
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
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
Landmark Elementary School
Grades K-5 • 4.5 mi
Pajaro Middle School
Grades 6-8 • 4.7 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,080 | 1,052 | 57% |
| Lot Size | 915 | - | 71% |
| Price | $788.0K | $769.0K | 50% |
| Price per sq ft | $730 | $795 | 29% |
| Built year | 1969 | 1974 | 14% |
| HOA | $1418.0 | $2.4K | 36% |
| Days on market | 148 | 248 | 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






























