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518 Lincoln Drive, Ventura, California 93001, Ventura, 93001 - 3 bed, 4 bath

518 Lincoln Drive, Ventura, California 93001 home-pic-0
ACTIVE$2,695,000
518 Lincoln Drive, Ventura, California 93001
3Beds
4Baths
3,164Sqft
7,492Lot

Price Vs. Estimate

The estimated value ($2,695,000) is $0 (0%) lower than the list price ($2,695,000). This property may be overpriced.

Key pros and cons

Top Pros:
Panoramic Views: The property offers stunning panoramic ocean, island, and mountain views, significantly enhancing its desirability and market value.
Top Cons:
Multiple Price Reductions: The property has undergone multiple price reductions from its original listing price of $2.995M to $2.695M, which may suggest initial overpricing or a slower-than-expected market response.

Compared to the nearby listings

Price:$2.69M vs avg $1.30M (+$1,394,950)83%
Size:3,164 sqft vs avg 1,742.5 sqft89%
Price/sqft:$852 vs avg $77760%

More Insights

Built in 1989 (36 years old).
Condition: The property was extensively renovated in 2018, making the renovation 6 years old, which falls within the 'Good' category's 5-15 year renovation window. The kitchen is modern and high-end, featuring white shaker cabinets, subway tile backsplash, a large island with what appears to be quartz countertops, and premium stainless steel appliances including a Sub-Zero wine fridge and double oven. The main living areas boast oak hardwood floors, coffered ceilings, recessed lighting, and plantation shutters, all in excellent condition. However, the primary bathroom, while clean and functional, presents a dated aesthetic with small white square tiles and a glass block shower enclosure, which does not align with a recent 'spa-inspired' or 'extensively renovated' standard. This inconsistency in the primary bathroom, despite the overall high quality and recent updates in other key areas, prevents an 'Excellent' rating. The home is move-in ready with well-maintained systems, but the primary bathroom would likely be a target for future updates to match the rest of the home's modern luxury.
Year Built
1989
Close
-
List price
$2.69M
Original List price
$3M
Price/Sqft
$852
HOA
-
Days on market
-
Sold On
-
MLS number
V1-30546
Home ConditionGood
Features
Excellent View: City Lights, Coastline, Courtyard, Hills, Marina, Mountain(s), Ocean, Panoramic, Water
Deck
Patio
ViewCity Lights,Coastline,Courtyard,Hills,Marina,Mountain(s),Ocean,Panoramic,Water

About this home

Experience timeless coastal elegance in this stunning Mediterranean retreat located in Ventura's sought-after Hobson Heights neighborhood. Showcasing panoramic ocean, island, and mountain views, this 3,164 sq ft home features 3 bedrooms, 3.5 baths, and a design that blends comfort with sophistication.Originally built in 1989 and extensively renovated in 2018, the home offers elevated finishes throughout--from oak hardwood floors and high coffered ceilings to a dramatic dark marble fireplace in the light-filled living room. The open-concept layout flows seamlessly into the dining area and a gourmet kitchen with an oversized granite island, prep sink, Sub-Zero wine fridge, and abundant storage.The main-level primary suite is a true retreat with a private view balcony, sitting area, spa-inspired bath, and a walk-in closet with built-ins. The lower level includes two guest bedrooms, a stylishly appointed den with patio access, an office with a separate entrance, and a versatile bonus room perfect for a gym or studio. Enjoy outdoor living in the 1,307 sq ft private backyard with a built-in BBQ, fireplace, and lush landscaping featuring Meyer lemon and peach trees. With three fireplaces, recessed lighting, plantation shutters, and dual-pane Milgard windows, every detail has been carefully curated. A spacious three-car garage and upgraded systems, including newer ductwork and a Champion security system, complete this exceptional home.Don't miss your chance to own a piece of California coastal luxury in one of Ventura's premier neighborhoods. www.LincolnDrive.com

Nearby schools

4/10
Lincoln Elementary School
Public,•K-5•0.8mi
6/10
Cabrillo Middle School
Public,•6-8•0.6mi
6/10
Ventura High School
Public,•9-12•0.5mi
Condition Rating
Good
The property was extensively renovated in 2018, making the renovation 6 years old, which falls within the 'Good' category's 5-15 year renovation window. The kitchen is modern and high-end, featuring white shaker cabinets, subway tile backsplash, a large island with what appears to be quartz countertops, and premium stainless steel appliances including a Sub-Zero wine fridge and double oven. The main living areas boast oak hardwood floors, coffered ceilings, recessed lighting, and plantation shutters, all in excellent condition. However, the primary bathroom, while clean and functional, presents a dated aesthetic with small white square tiles and a glass block shower enclosure, which does not align with a recent 'spa-inspired' or 'extensively renovated' standard. This inconsistency in the primary bathroom, despite the overall high quality and recent updates in other key areas, prevents an 'Excellent' rating. The home is move-in ready with well-maintained systems, but the primary bathroom would likely be a target for future updates to match the rest of the home's modern luxury.
Pros & Cons

Pros

Panoramic Views: The property offers stunning panoramic ocean, island, and mountain views, significantly enhancing its desirability and market value.
Extensive Renovation & High-End Finishes: Extensively renovated in 2018, the home features elevated finishes throughout, including oak hardwood floors, coffered ceilings, and a gourmet kitchen with premium appliances, providing a luxurious and move-in ready experience.
Premier Location: Situated in Ventura's sought-after Hobson Heights neighborhood, the property benefits from a prestigious address known for its desirability and coastal proximity.
Luxurious Primary Suite & Flexible Layout: A dedicated main-level primary suite with a private view balcony and spa-inspired bath, complemented by versatile spaces like an office with a separate entrance and a bonus room, caters to diverse lifestyle needs.
Enhanced Outdoor Living: The private 1,307 sq ft backyard features a built-in BBQ, fireplace, and lush landscaping, providing an ideal setting for outdoor entertainment and relaxation.

Cons

Multiple Price Reductions: The property has undergone multiple price reductions from its original listing price of $2.995M to $2.695M, which may suggest initial overpricing or a slower-than-expected market response.
Average Elementary School Rating: The assigned elementary school (Lincoln Elementary) has a rating of 4/10, which could be a concern for prospective buyers with young children prioritizing top-tier education.
Lack of Central Air Conditioning: Despite recent renovations and upgraded ductwork, the absence of a central air conditioning system could be a notable drawback for comfort during warmer periods in Ventura.

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