5138 Palmera Drive, Oceanside, California 92056, Oceanside, 92056 - 4 bed, 3 bath
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Oceanside, California 92056
This Stunning Move-In Ready Home is a Prime Investment Opportunity, listed at $1,198,975—positioned well below the $1,245,668 Fair Market Value by 3%. This valuation gap offers $46,693 in Instant Equity for the buyer. Featuring a remodeled kitchen, sparkling pool, and solar system, the property maintains an Excellent Condition Rating. Located in the Oceanside Unified district, it offers a resort-style lifestyle with no HOA fees. This is an ideal acquisition for Owner-Occupants seeking luxury or discerning families prioritizing long-term value.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5138 Palmera Drive Subject | $1,198,975* List Price | 4 | 3 | 2,664 | $468 | - |
A 1303 Darwin Sold | $1,215,000 | 5 | 3 | 2,501 | $486 | 0.5 mi |
B 5010 Palmera Drive Sold | $1,141,500 | 4 | 3 | 2,664 | $428 | 0.2 mi |
C 1064 Darwin Drive Sold | $980,000 | 4 | 3 | 2,459 | $399 | 0.6 mi |
D 1236 Sunbright Drive Sold | $1,050,000 | 5 | 3 | 2,398 | $438 | 0.5 mi |
E 1626 Boulder Creek Road Sold | $1,168,000 | 4 | 3 | 2,778 | $420 | 1.0 mi |
F 4998 Verona Street Sold | $1,425,000 | 4 | 3 | 3,043 | $468 | 0.8 mi |
G 4907 Bella Collina Street Pending | $1,150,000 List Price | 5 | 3 | 2,411 | $477 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although built in 1997, the property features a high-end remodeled kitchen with modern cabinetry and stainless appliances, updated spa-inspired bathrooms, and a newer solar system. The interior shows mint maintenance with contemporary finishes and no visible deferred maintenance, qualifying it for the top tier based on recent renovations.
The property features a magnificent park-like oasis with a sparkling pool, lush tropical landscaping, and a covered patio, offering a premium outdoor living experience.
Equipped with a solar power system and benefiting from the rare absence of HOA fees, this home provides significant long-term savings on utility and monthly carrying costs.
The home boasts a beautifully remodeled kitchen and a spa-inspired master bathroom, combining contemporary luxury with a spacious, light-filled 2,664 sqft floor plan.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =10018, other record lot size in square feet = 10084. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 5.
While the elementary school is highly rated (8/10), the assigned middle and high schools have lower ratings (3/10 and 4/10), which may be a drawback for education-focused families.
The original optional 5th downstairs bedroom has been opened into the family room, which may limit utility for buyers specifically requiring a private ground-floor guest room or enclosed office.
Welcome to the stunning Oceanside retreat tucked within one of the areas most sought after neighborhoods and highly desirable school districts. This beautifully maintained four bedroom three bath home offers the perfect blend of elegance, comfort, and resort style living. Originally designed with an optional downstairs 5th bedroom, the current layout opens beautifully into the family room. The heart of the home spacious & gorgeous remodeled kitchen overlooking a truly magnificent park like backyard oasis. Step outside and feel transported to your own private resort, surrounded by lush, tropical landscaping, sparkling pool & covered patio. The spacious master offers a peaceful retreat, complete with walk-in closet and luxurious spa inspired bathroom. Additional highlights include a three car attached garage, solar system for energy efficiency, and the home is filled with lots of windows letting in natural light throughout and no HOA fees! This exceptional property combines privacy, beauty, and functionality, and unbelievable Oceanside location, close to top rated schools, shopping, dining and coastal attractions. A rare opportunity to own a true Southern California dream home.
No exterior & parking available.
Grades K-5 • 1.0 mi
Grades 6-8 • 0.6 mi
Grades 9-12 • 1.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.0 |
| Baths | 3.0 | 3.0 |
| Square foot | 2,664 | 1,763 |
| Lot Size | 10,018.8 | 6,750 |
| Price | $1.20M | $960.1K |
| Price per sq ft | $450 | $566 |
| Built year | 1997 | 1986 |
| HOA | $0 | $144 |
| Days on market | 51 | 42 |
May 19, 2026
$1,198,975
Initial Listing
Dec 20, 2021
$1,125,000
Public Record
Jul 1, 2013
$575,000
Public Record
Apr 29, 2004
$670,000
Public Record
Mar 15, 1996
$209,500
Public Record