52 Pelican, Watsonville, California 95076, Watsonville, 95076 - 1 bed, 1 bath
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Watsonville, California 95076
This 1-bedroom beachfront condo represents a High-Potential Investment Opportunity, listed at $790,000—positioned well above the $751,125 Fair Market Value by -5%. While the property requires cosmetic updates given its Fair Condition Rating, it offers rare Direct Beachfront Access and Short-Term Rental Flexibility without permit requirements. Despite high association fees, the unit’s Floor-to-Ceiling Windows and Covered Patio provide significant coastal appeal. This asset is an ideal acquisition for Buy-and-Hold Investors or Weekend Getaway Seekers looking for a customizable coastal retreat.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 52 Pelican Subject | $790,000* List Price | 1 | 1 | 741 | $1,014 | - |
A 66 Pelican Active | $775,000 List Price | 1 | 1 | 800 | $969 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1972, this unit is over 50 years old and shows signs of a dated renovation likely from 20+ years ago. The kitchen features older oak-style cabinetry and white appliances, while the interior retains popcorn ceilings and older flooring. While functional and well-maintained for a beach rental, it requires cosmetic updates to meet modern standards.
This ground-level unit offers the rare luxury of stepping directly off the deck and onto the sand, providing immediate access to the Pajaro Dunes shoreline.
The property is uniquely positioned in an area that requires no vacation rental permits, making it a highly attractive and turnkey opportunity for investors seeking rental income.
Floor-to-ceiling windows and a covered patio maximize the ocean views and natural light, creating a seamless indoor-outdoor living experience.
The association fee of $4,255 is exceptionally high, which may deter budget-conscious buyers and significantly impact the property's monthly cash flow.
With over 400 days on the market and a substantial $110,000 price reduction, the property has struggled to find a buyer, suggesting potential issues with its initial valuation or liquidity.
Welcome to your beachside retreat in the gated community of Pajaro Dunes! This charming ground-level, 1-bedroom, 1-bathroom Pelican condo is designed for those who are looking for easy beach access, comfort and coastal living. Step right off the deck and onto the sand! Inside the unit youll find a cozy fireplace and views of the dunes through floor-to-ceiling windows in the living room, with privacy and ocean breeze on your covered patio. Although this unit is currently not a vacation rental, it can be used as one requiring no vacation rental permits! Whether you're looking for a full-time home, a weekend getaway, or a smart investment, 52 Pelican Point is the place for you.
No exterior & parking available.
Grades K-5 • 2.9 mi
Grades K-5 • 4.5 mi
Grades 6-8 • 4.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 1.0 | 2.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 741 | 1,040 |
| Lot Size | - | 936.5 |
| Price | $790.0K | $863.2K |
| Price per sq ft | $1.1K | $813 |
| Built year | 1972 | 1973 |
| HOA | $4255.0 | $844 |
| Days on market | 418 | 100 |
Oct 25, 2025
$790,000
$900,000
-12% Price Drop
Initial Listing
May 30, 2025
$900,000
Initial Listing