440 Mariposa Drive, Ventura, California 93001, Ventura, 93001 - 4 bed, 4 bath

440 Mariposa Drive, Ventura, California 93001 home-pic-0

440 Mariposa Drive

Ventura, California 93001

ACTIVE
CONDITION: FAIR
4Beds
4Baths
3,517Sq Ft
6,969Lot Size

Property Price

LIST PRICE$1,999,500
EST. MARKET VALUE
$1,879,303
6% AboveMARKET VALUE

SUMMARY

Analysis of 440 Mariposa Drive, Ventura, California 93001 reveals a property with a current list price of $1,999,500, which is 6% above the estimated $1,879,303 Fair Market Value. Buyers should carefully evaluate the pricing and consider negotiation opportunities. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Ventura 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.

Estimated Market Value

$1,879,303
Based on Realkey algorithm analyzing recent comparable sales in Ventura.

Comparable Sales Map

Comparables within 1 miles sold in recently

Address Sold Price BedsBathsSq Ft$/SqftDistance
440 Mariposa Drive
Subject
$1,999,500*
List Price
443,517$534-
A
398 Aliso Street
Sold
$1,575,000442,848$5530.1 mi

* Subject property listed price vs sold prices of comps.

Condition Analysis

OVERALL CONDITION SCORE

Fair
TeardownExcellent

Property is moderate renovation needed.

Built in 1999, this unique custom estate is well-maintained but largely reflects its original 25-year-old construction. While the architectural craftsmanship and materials like the copper roof are high-end, the kitchen and bathrooms feature dated tile countertops, older cabinetry styles, and appliances that have not been modernized, placing it in the 'fair' category based on age and lack of recent renovations.

PROSSTRENGTHS & OPPORTUNITIES

  • Panoramic Ocean Views

    The property commands rare 280-degree views of the Pacific Ocean, coastline, and city lights, visible from nearly every room and a dedicated fourth-story observation tower.

  • Architectural Significance

    Designed in the 'Organic Architecture' style, this home features exceptional custom craftsmanship, including a copper rainwater-harvesting roof and handcrafted woodwork.

  • Versatile Living Spaces

    With two self-contained guest units featuring private entrances and kitchenettes, the layout is ideal for multi-generational living or potential rental opportunities.

CONSRISKS & DEFICIENCIES

  • MLS Listing Discrepancy

    Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 3.

  • Niche Design Appeal

    The unique hexagonal layout and highly specific architectural style may limit the buyer pool to those specifically seeking non-traditional, artistic residences.

  • Specialized Maintenance

    The custom materials and complex engineering, such as the copper roof and intricate woodwork, likely require specialized care and higher long-term maintenance costs.

About 440 Mariposa Drive

Perched high in the Ventura foothills on an exceptionally private estate lot, this one-of-a-kind residence commands breathtaking 280-degree panoramic views spanning the Pacific Ocean, coastline, harbor, pier, mountains, and city lights. Awe-inspiring ocean vistas can be enjoyed from nearly every room, the wrap-around decks & the fourth-story tower which is a true architectural showpiece. 440 Mariposa was designed & built in 1999 by the owner, Frank Peterson, in a Frank Lloyd Wright style known as Organic Architecture, that harmonizes structure with the natural environment.Its hexagonal design, handcrafted woodwork, and flowing, interconnected rooms centered around a massive, central fireplace are key elements of Wright's architectural style. Being environmentally conscious, Peterson installed a copper roof that was ingeniously engineered to channel rainwater into an underground well. Some of the many creative touches include a custom marble floor embedded with pebbles in the shape of a stream, a wrought iron railing depicting various sea animals, a handcrafted stained-glass entry, and a garage door embellished with a hand carved frieze.Both the lower level & the west wing are self-contained guest units with kitchenettes, full baths & private entrances. A truly unforgettable residence that is designed to inspire, impress, and endure.

Property Details

Public Facts

Property Type
Single Family Residence
Year Built
1999
Lot Size
6,969 Sq. Ft.

Interior

Total Bedrooms
4
Total Bathrooms
4 (4 Full, 0 Half)

Exterior & Parking

No exterior & parking available.

Utilities & Misc

HOA Fee
$0 / Month

Neighborhood Insights

Ventura Unified Schools

Lincoln Elementary School

Grades K-5 • 0.6 mi

4/10

Cabrillo Middle School

Grades 6-8 • 0.5 mi

6/10

Ventura High School

Grades 9-12 • 0.8 mi

6/10

Sensitive Facilities

No sensitive facilities data found.

Neighborhood Comparison

FeatureSubjectAverage HomeNeighborhood Ranking (50 Listings)
Beds4.03.0
62%
Baths4.02.0
88%
Square foot3,5171,681
95%
Lot Size6,9695,227
70%
Price$2.00M$1.26M
68%
Price per sq ft$569$770
27%
Built year19991965
85%
HOA$0$0
50%
Days on market14188
2%

Pricing History

Listed for Sale

Feb 21, 2026

$1,999,500

Initial Listing

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