
Watsonville, California 95076
This Dual-Residence Acreage is a Strong Value Opportunity with a List Price of $1,389,000—positioned well below the $1,499,560 Fair Market Value by 5%. This valuation gap provides $110,560 in Instant Equity. Despite a Fair Condition Rating requiring interior modernization, the nearly 8-acre lot features two legal homes, a rebuilt barn, and panoramic ocean views. Supported by local market trends for multi-unit rural assets, this is an ideal acquisition for Owner-Occupants or Multi-generational Buyers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 46 Valley View Road Subject | $1,325,000* List Price | 5 | 3 | 1,412 | $1,062 | - |
A 206 Gaffey Road Active | $1,650,000 List Price | 5 | 3 | 1,548 | $1,066 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
This property, featuring two homes built in 1900 and 1966, is aged but appears maintained. While the main house has new carpet and paint, the kitchens and bathrooms in both residences are significantly outdated. The 1966 home's bathroom, with its pink fixtures, is a clear example of needing a full renovation. The 1900 home's kitchen and bathroom are rustic and functional but also require substantial modernization to meet contemporary standards. The property's core systems and finishes show signs of being outdated, necessitating further investment, aligning with the 'fair' condition criteria.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 335412, living area = 1412.
The property features two distinct legal homes, offering exceptional flexibility for multi-generational living, rental income, or dedicated guest accommodations, significantly enhancing its utility and appeal.
Nearly 8 acres situated on a knoll provides unparalleled privacy, ample space for various uses (e.g., gardening, recreation, potential expansion), and a serene rural lifestyle.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 5, other record bedroom count = 2.
With homes built in 1900 and 1966, buyers should anticipate potential for ongoing maintenance and the need for updates to systems (e.g., plumbing, electrical, HVAC) that may not be modern.
The total reported square footage of 1412 sqft for two legal homes (5 beds, 3 baths combined) is relatively modest, which might be a constraint for buyers desiring more expansive interior living areas.
This unique property has 2 legal homes and a beautiful barn, that is more than just a barn! Almost 8 acres are on a knoll with beautiful views from the distant Ocean, over the entire Pajaro Valley out to the Gavalin Range. Each home has its own particular charm. The Main house built in the 1960's is single level with hardwood floors, a spacious living area with a wood stove and rock mantel, new carpet and paint have freshened up the space that leads into the kitchen and dining area. 2 Bedrooms and 2 baths and hardwood floors, a laundry/mud room opens out to the expansive deck. This is a U shaped house and captures the garden perfectly. Built in 1900 the charming original home has 3 bedrooms and 1 bath. The warmth of the original fir floors, and charm from built-ins and original sash windows and cabinets. The porch wraps around the house and is the perfect spot to watch the world and wildlife unfold. The barn was rebuilt with all the original wood. The views from inside are across the valley and to the ocean. If quiet is what you want and not too far out this is a great property.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 3.0 | 89% |
| Baths | 3.0 | 2.0 | 70% |
| Square foot | 1,412 | 1,484 | 47% |
| Lot Size | 335,412 | 10,846.5 | 89% |
| Price | $1.32M | $866.5K | 74% |
| Price per sq ft | $938 | $589 | 87% |
| Built year | 1966 | 1975 | 32% |
| HOA | $0 | $0 | 50% |
| Days on market | 128 | 135 | 47% |
May 22, 2026
$1,325,000
$1,389,000
-5% Price Drop
Initial Listing
May 1, 2026
$1,389,000
$1,425,000
-3% Price Drop
Initial Listing
Jan 29, 2026
$1,425,000
Initial Listing
Apr 16, 1997
$339,000
Public Record