5331 Wavecrest Way, Oxnard, California 93035, Oxnard, 93035 - 3 bed, 4 bath
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Oxnard, California 93035
This Custom Coastal Estate is a Prime Investment Opportunity, listed at $2,500,000—positioned well below the $2,581,296 Fair Market Value by 3%. This valuation gap offers $81,296 in Instant Equity. While the property holds an Exceptionally Well-Maintained Condition Rating, its original finishes provide a prime canvas for cosmetic modernization to drive significant appreciation. Featuring panoramic ocean views, a rooftop deck, and access to the top-rated Rancho Campana High (9/10), this home perfectly balances luxury living with financial upside. It is ideal for Owner-Occupants or Lifestyle-Driven Buyers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5331 Wavecrest Way Subject | $2,500,000* List Price | 3 | 4 | 3,701 | $697 | - |
A 5150 Moonstone Way Sold | $1,950,000 | 5 | 4 | 3,095 | $630 | 0.2 mi |
B 5120 Seabreeze Way Active | $1,799,900 List Price | 4 | 4 | 2,804 | $642 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1991 (33 years old), the property is exceptionally well-maintained but features original finishes. The kitchen and bathrooms are dated, showing 1990s-era white tile flooring, laminate/solid-surface countertops with blue trim, and older white appliances. While the home is move-in ready and functional, it requires cosmetic updates to meet modern luxury standards.
High School: Rancho Campana High (9/10).
The property features panoramic ocean and mountain vistas from multiple levels, including a fourth-story rooftop deck designed for premier outdoor entertaining and sunset viewing.
With 3,700 sq. ft. of living space, the home includes a private first-floor guest wing and a third-floor loft with a wet bar, offering excellent flexibility for hosting or multi-generational use.
The property has a small lot size, more than 70 percent of which is taken by its living area. lot size in square feet = 4374, living area = 3701.
Constructed in 1991, some interior features and finishes may require cosmetic modernization to align with the expectations of contemporary luxury buyers at this price point.
The local elementary and middle schools have lower performance ratings, and the highest-rated high school in the area is located over 13 miles away, which may be a concern for families.
Welcome to Mandalay Shores, your personal paradise on one of Ventura County's most breathtaking beaches. This magnificent custom-built, three-story, 3,700 sq. ft. home offers everything you've dreamed of in coastal living, w/panoramic ocean & mountain views, & a rooftop deck perfect for savoring stunning sunsets every evening. Ideally located above Channel Islands Harbor--your gateway to the Channel Islands National Park & halfway between Malibu and Santa Barbara, you'll enjoy a lifestyle filled w/adventure. Whether it's kayaking, paddleboarding, boating, golfing, or wine tasting, this location gives you easy access to endless outdoor activities, yacht clubs, shopping, & dining.Designed w/comfort & elegance in mind, this home is just one house away from Mandalay Beach Road & boasts an oversized driveway accommodating up to 5 cars, a large garage, & a grand marble entry. Step inside to find an abundance of natural light, recessed lighting, & designer fixtures throughout. The first-floor guest quarters offer a private sanctuary, w/a cozy family room, 2 bedrooms, 2 en-suite bathrooms, all opening to a spacious backyard. Perfect for entertaining, the backyard features mature eucalyptus trees & a gated pathway to the beach--ideal for hosting family gatherings or intimate get-togethers.The second level presents a grand living space w/vaulted ceilings and skylights, filling the two-story living room w/natural light. A raised hearth fireplace & decorative windows add to the charm. The adjacent dining room offers peekaboo ocean views, while the chef's kitchen, complete w/a large island, walk-in pantry, and bar seating, becomes the heart of the home. The massive primary suite features double doors, a private balcony, a double-sided fireplace, & a luxurious en-suite bath with an oversized shower, jacuzzi tub, & large closet.On the third level, you'll find an open loft w/built-in seating, a fireplace, a wet bar w/fridge, & even more windows showcasing gorgeous views. Step outside onto the balcony or ascend to the fourth-level rooftop deck--your ultimate retreat for outdoor entertaining. Whether you're enjoying your morning coffee with the sound of waves or unwinding with a glass of wine at sunset, this top deck offers the best of coastal living.With endless indoor & outdoor spaces designed for relaxation & entertainment, this home is the perfect vacation retreat or forever home. Come for a day stay for a lifetime!
No exterior & parking available.
Grades K-5 • 1.8 mi
Grades K-5 • 3.0 mi
Grades 6-8 • 3.3 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 4.0 | 3.0 | 79% |
| Square foot | 3,701 | 1,872 | 93% |
| Lot Size | 4,374 | 4,060 | 57% |
| Price | $2.50M | $1.29M | 82% |
| Price per sq ft | $675 | $653 | 50% |
| Built year | 1991 | 1977 | 67% |
| HOA | $0 | $0 | 50% |
| Days on market | 12 | 165 | 4% |
Apr 10, 2026
$2,500,000
Initial Listing