5186 Cobalt Way, Oceanside, California 92057, Oceanside, 92057 - 5 bed, 3 bath
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5186 Cobalt Way
Oceanside, California 92057
ACTIVE
CONDITION: FAIR
5Beds
3Baths
2,952Sq Ft
5,500Lot Size
Property Price
LIST PRICE$989,000
EST. MARKET VALUE
$984,847
SUMMARY
FULL_VERSION
This Spacious Single Family Residence is a Strong Value Opportunity, listed at $989,000—positioned slightly above the $984,847 Fair Market Value. While priced at market, the home offers significant utility through its Versatile Downstairs Studio and Advanced Energy Upgrades, including solar with a Tesla backup battery. With a Fair Condition Rating due to dated finishes, there is clear potential for cosmetic value-add. Located in the Sycamore Springs community with access to Oceanside Unified Schools, this property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a flexible, amenity-rich lifestyle.
SEO VERSION
Spacious 5-bed, 3-bath home in Oceanside's Sycamore Springs. Features solar, Tesla battery, and private studio. Great community amenities near top-rated schools.
Estimated Market Value
$984,847
Based on Realkey algorithm analyzing recent comparable sales in Oceanside.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5186 Cobalt Way Subject | $989,000* List Price | 5 | 3 | 2,952 | $334 | - |
A 1121 Midnight Way Sold | $930,000 | 4 | 3 | 2,749 | $338 | 0.1 mi |
B 1171 Prussian Way Sold | $1,005,000 | 5 | 3 | 2,997 | $335 | 0.1 mi |
C 5180 Bluegrass Sold | $887,500 | 4 | 3 | 2,349 | $378 | 0.0 mi |
D 5173 Bluegrass Way Sold | $960,150 | 4 | 3 | 2,349 | $409 | 0.1 mi |
E 1079 Vista Pointe Blvd Sold | $1,060,000 | 4 | 3 | 2,887 | $367 | 0.5 mi |
F 1061 Boulder Place Sold | $1,030,000 | 5 | 4 | 3,238 | $318 | 0.3 mi |
G 1080 Breakaway Drive Sold | $1,125,000 | 4 | 4 | 3,080 | $365 | 0.4 mi |
H 1311 Bellingham Dr Sold | $1,200,000 | 4 | 4 | 3,352 | $358 | 0.9 mi |
I 5125 Eliot Street Pending | $1,099,990 List Price | 4 | 3 | 2,570 | $428 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
The property was built in 2003 (21 years old), placing it in the 'Fair' category based on age. While the home features excellent system upgrades like solar with a Tesla battery and a whole-house fan, the kitchen and bathrooms are dated with original oak-style cabinetry and tile countertops that typically require modernization to meet current market trends.
PROSSTRENGTHS & OPPORTUNITIES
- Versatile Studio Suite
The private downstairs studio provides exceptional flexibility, serving as a potential rental income source, a guest retreat, or a dedicated workspace with its own sense of privacy.
- Advanced Energy & Utility Upgrades
The home is equipped with high-value functional upgrades including leased solar with a Tesla backup battery, a whole-house fan, and a comprehensive water filtration and alkaline system.
- Community Amenities & Low HOA
Located in Sycamore Springs, the property offers access to a pool, spa, and sports courts for a relatively low monthly fee of $154, providing excellent lifestyle value.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2952, other record living area = 2749. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 5, other record bedroom count = 4.
- Limited Outdoor Space
With a 5,500 sqft lot supporting a nearly 3,000 sqft home, the backyard space is relatively compact for a five-bedroom residence, potentially limiting outdoor recreation.
- Lack of Scenic Views
The property does not offer any significant views, which may be a drawback for buyers prioritizing the coastal or hillside vistas common in parts of Oceanside.
About 5186 Cobalt Way
Make yourself at home in the desirable Sycamore Springs community of Oceanside! This beautiful and spacious home offers all that you need — a comfortable and functional layout, thoughtful upgrades, and a perfectly sized outdoor space. The inviting floorplan provides plenty of room to relax and gather, with comfortable living areas designed for everyday living and entertaining. The well-appointed kitchen and open living spaces create a warm atmosphere that makes you feel right at home. Additional features include leased solar with Tesla backup battery, water softener & filtration system, on-demand alkaline water, a whole house fan, and other smart upgrades that provide the comfort you desire. The private downstairs studio offers added flexibility, giving you options to personalize the space to fit your needs! It flows easily into the main part of the home, or can be kept separate for ultimate privacy, so whether you’re looking for additional income potential, a private retreat for family members and guests, or a dedicated workspace, this space adds incredible value. Enjoy all that the Sycamore Springs community has to offer, with a low HOA fee, and great amenities including a sparkling pool and spa, playground, basketball courts, and picnic area. This neighborhood provides a welcoming setting, with convenient access to local shopping, dining, schools, and parks. And it’s just a short trip to get to your favorite Oceanside beaches, shops, Arrowood Golf Course and Highways 76 and I-5. Come check out this perfect blend of space, convenience, and modern upgrades. You won’t want to miss it!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 2003
- Lot Size
- 5,500 Sq. Ft.
Interior
- Total Bedrooms
- 5
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $154.0 / Month
Neighborhood Insights
Oceanside Unified Schools
Reynolds Elementary School
Grades K-5 • 1.6 mi
5/10
Cesar Chavez Middle School
Grades 6-8 • 2.3 mi
4/10
Martin Luther King Jr. Middle School
Grades 6-8 • 4.2 mi
6/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 5.0 | 3.0 |
| Baths | 3.0 | 2.5 |
| Square foot | 2,952 | 1,763.95 |
| Lot Size | 5,500 | 6,778.018 |
| Price | $989.0K | $969.7K |
| Price per sq ft | $335 | $560 |
| Built year | 2003 | 1986 |
| HOA | $154.0 | $147 |
| Days on market | 27 | 43 |
Pricing History
Listed for Sale
Jul 31, 2026
$989,000
Initial Listing
Sold
Dec 23, 2010
$390,000
Public Record
Sold
Oct 3, 2005
$650,000
Public Record
Sold
Jan 17, 2003
$403,000
Public Record