
Oceanside, California 92057
This Turnkey Condominium is a Strong Value Opportunity, listed at $435,000—positioned well below the $438,287 Fair Market Value by 0.75%. This valuation gap offers $3,287 in Instant Equity. Featuring a Condition Rating of 2, the home boasts a modernized kitchen with 2023 appliances and renovated bathrooms. With scenic lake views and proximity to Libby Lake Park, this property offers a premium lifestyle. It is an ideal acquisition for first-time buyers or owner-occupants seeking a move-in ready, low-maintenance residence.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 514 Calle Montecito 78 Subject 2 bd · 2 ba · 856 sqft · $512 | $435,000* List Price | 2 | 2 | 856 | $512 | - |
A 5130 N River Rd Unit B Sold 2 bd · 2 ba · 992 sqft · $428 · 0.8 mi | $425,000 | 2 | 2 | 992 | $428 | 0.8 mi |
B 156 Avenida Descanso C Sold 2 bd · 2 ba · 912 sqft · $477 · 0.5 mi | $435,000 | 2 | 2 | 912 | $477 | 0.5 mi |
C 176 Avenida Descanso B Sold 2 bd · 2 ba · 912 sqft · $486 · 0.5 mi | $443,380 | 2 | 2 | 912 | $486 | 0.5 mi |
D 517 Calle Montecito 91 Sold 2 bd · 1 ba · 806 sqft · $478 · 0.1 mi | $385,000 | 2 | 1 | 806 | $478 | 0.1 mi |
E 155 Avenida Descanso 202 Sold 2 bd · 1 ba · 741 sqft · $499 · 0.5 mi | $370,000 | 2 | 1 | 741 | $499 | 0.5 mi |
F 231 Riverview Way Sold 3 bd · 2 ba · 1,049 sqft · $510 · 0.5 mi | $535,000 | 3 | 2 | 1,049 | $510 | 0.5 mi |
G 5021 Los Morros 31 Sold 2 bd · 2 ba · 1,100 sqft · $435 · 0.6 mi | $479,000 | 2 | 2 | 1,100 | $435 | 0.6 mi |
H 510 Calle Montecito 53 Sold 2 bd · 2 ba · 856 sqft · $496 | $425,000 | 2 | 2 | 856 | $496 | - |
I 525 Calle Montecito 122 Pending 2 bd · 1 ba · 806 sqft · $471 · 0.0 mi | $380,000 List Price | 2 | 1 | 806 | $471 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
The property has undergone substantial recent renovations within the last 5 years (<5y reno), including a modernized kitchen with 2023 stainless steel appliances, new laminate flooring, and beautifully updated bathrooms with modern matte-black fixtures.
The property features approximately $30,000 in recent improvements, including fully renovated bathrooms with marble-look surrounds and a modern kitchen with 2023 stainless steel appliances.
Both bedrooms offer beautiful views of Libby Lake, providing a serene atmosphere and a unique aesthetic advantage that enhances the property's marketability.
Situated steps from Libby Lake Park and near Camp Pendleton, the unit offers excellent lifestyle convenience with access to a community pool, spa, and assigned covered parking.
The association fee of $620 per month is relatively high for this price point, which may impact the overall affordability and debt-to-income ratio for potential buyers.
With only 856 square feet for a two-bedroom, two-bathroom configuration, the interior layout may feel restrictive for those seeking more spacious living or storage areas.
Lake views, approximately $30,000 in recent improvements, and a prime location just steps from Libby Lake Park set this upper-level 2BR/2BA Lakeshore Villas condo apart. Both bedrooms enjoy beautiful views of Libby Lake, including the spacious primary suite with walk-in closet and private bath. Inside, both bathrooms feature beautifully renovated wet areas with dramatic marble-look surrounds, built-in niches, and modern matte-black fixtures. The updated kitchen offers granite countertops, stylish two-tone cabinets, and an upgraded stainless steel range and microwave, both replaced in 2023. Wood-look laminate flooring, dual-pane windows, and updated ceiling fans add to the clean, comfortable feel throughout. A private balcony includes a full-size laundry closet with washer and dryer replaced in 2025, offering the convenience of in-unit laundry without sacrificing interior space. Lakeshore Villas also features a relaxing community pool and spa, assigned covered parking, and guest parking. HOA covers water, termite, exterior building, and common-area maintenance. Libby Lake Park is right nearby with open green space, picnic areas, playgrounds, and walking areas, while shopping, dining, Highway 76, Camp Pendleton, and Oceanside’s beaches are all within easy reach. With beautiful views, substantial recent improvements, and a location right by the park, this is a standout opportunity in Lakeshore Villas.
No exterior & parking available.
Grades K-5 • 0.2 mi
Grades K-5 • 0.4 mi
Grades 6-8 • 0.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 856 | 1,071.232 |
| Lot Size | 303,705 | 55,759.858 |
| Price | $435.0K | $576.2K |
| Price per sq ft | $508 | $544 |
| Built year | 1985 | 1988 |
| HOA | $620.0 | $530 |
| Days on market | 33 | 58 |
Sep 22, 2026
$435,000
Initial Listing
Sep 1, 2022
$440,000
Public Record
Sep 30, 2021
$350,000
Public Record
Mar 9, 2015
$182,000
Public Record
May 21, 2013
$141,500
Public Record
Dec 6, 2005
$278,000
Public Record