
Capitola, California 95010
This Mid-Century Coastal Residence is a High-Potential Investment Opportunity, listed at $1,999,000—positioned well above the $1,679,598 Fair Market Value by -19%. While the property features extensive modern upgrades like Milgard windows and high-end landscaping, the Condition Rating of 3 reflects original 1950s kitchen and bath elements. The rare two-car garage and prime location near Capitola Village offer significant lifestyle value. This property is best suited for Buy-and-Hold Investors or Owner-Occupants seeking a coastal project with immediate upside potential.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 420 Pilgrim Drive Subject 2 bd · 2 ba · 1,193 sqft · $1,408 | $1,999,000* List Price | 2 | 2 | 1,193 | $1,408 | - |
A 709 Gilroy Drive Sold 3 bd · 2 ba · 1,500 sqft · $1,193 · 0.3 mi | $1,790,000 | 3 | 2 | 1,500 | $1,193 | 0.3 mi |
B 525 Riverview Drive Active 3 bd · 2 ba · 1,300 sqft · $1,265 · 0.2 mi | $1,645,000 List Price | 3 | 2 | 1,300 | $1,265 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property has undergone a very recent (<5y) extensive renovation including new electrical panels, Milgard windows, smooth stucco, and high-end landscaping. However, the kitchen and bathrooms retain their original 1950s tile and cabinetry; while functional and paired with new appliances, these core areas remain dated compared to the otherwise modern upgrades.
Situated on a quiet street just a five-minute walk from Capitola Village, Gayle's Bakery, and the beach, offering the perfect balance of tranquility and coastal accessibility.
The property features significant recent improvements including new Milgard windows, updated electrical panels, smooth stucco exterior, and high-end landscaping with a natural gas firepit and artificial turf.
A two-car garage and ample driveway parking provide a rare luxury for the Capitola area, complemented by a private backyard with no rear neighbors and mature fruit trees.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =5227, other record lot size in square feet = 5401.
While the home has many upgrades, the kitchen and bathrooms retain their original 1950s charm, which may feel dated to buyers seeking a fully modernized interior.
Despite a significant $201,000 price reduction, the property has remained on the market for over 60 days, indicating that the price per square foot remains high for the current market.
Just reduced 201,000! Such a quiet neighborhood of beautiful homes yet just a short walk to Capitola village, Gayles Bakery and of course the beach. This mid century home on a quiet street has just had an extensive upgrade of both home and landscape with beautiful pavers, a natural gas firepit to gather around in the evenings, artificial turf, new fencing, landscape lighting, irrigation and so much more. The home features a new smooth stucco exterior, refinished white oak floors, all new Milgard windows, interior doors, interior and exterior paint, new stainless appliances, recessed lighting, nest thermostat, ring doorbell, security cameras and new electrical panels . Much of the original 1950's charm has been retained in the kitchen and bathrooms. A two car garage and plenty of driveway parking is a rare bonus in Capitola. Inside. Enticing areas in both the front and back yards for relaxing and entertaining. Private backyard with no rear neighbors. Mature producing avocado, orange and lime trees. A location like this doesn't come along every day, just above the activity in the village, yet such a quiet street. Five minute walk to the Esplanade and beach, three minute walk to the cafe and a short walk to Gayles bakery.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.9 |
| Baths | 2.0 | 2.3 |
| Square foot | 1,193 | 1,692.556 |
| Lot Size | 5,227 | 4,927 |
| Price | $2.00M | $1.74M |
| Price per sq ft | $1.7K | $1.1K |
| Built year | 1953 | 1965 |
| HOA | $0 | $0 |
| Days on market | 72 | 35 |
Oct 9, 2026
$1,999,000
$2,200,000
-9% Price Drop
Initial Listing
Aug 14, 2026
$2,200,000
Initial Listing
Oct 1, 2025
$1,730,000
Public Record
May 31, 2012
$740,000
Public Record
Sep 29, 1994
$320,000
Public Record