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5331 Wavecrest Way, Oxnard, California 93035, Oxnard, 93035 - 3 bed, 4 bath

5331 Wavecrest Way, Oxnard, California 93035 home-pic-0
ACTIVE$2,720,000
5331 Wavecrest Way, Oxnard, California 93035
3Beds
4Baths
3,701Sqft
4,374Lot

Price Vs. Estimate

The estimated value ($2,720,000) is $0 (0%) lower than the list price ($2,720,000). This property may be overpriced.

Key pros and cons

Top Pros:
Great Schools: High School: Rancho Campana High (9/10).
Top Cons:
Low Available Lot Utilization: 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.

Compared to the nearby listings

Price:$2.72M vs avg $1.27M (+$1,445,000)84%
Size:3,701 sqft vs avg 1,772 sqft95%
Price/sqft:$735 vs avg $68653%

More Insights

Built in 1991 (34 years old).
Condition: Built in 1991, this property is well-maintained but shows significant signs of its original construction era. The kitchen features white cabinets, solid surface countertops, and white tile flooring, while the bathrooms have similar white tile, large tubs, and fixtures that are distinctly early 1990s in style. While functional and clean, these areas are outdated and would require substantial renovation to meet contemporary aesthetic standards. The carpeted living areas and some light fixtures also contribute to the dated feel, aligning with a property built over 20 years ago with no major renovations since construction.
Year Built
1991
Close
-
List price
$2.72M
Original List price
$2.82M
Price/Sqft
$735
HOA
-
Days on market
-
Sold On
-
MLS number
V1-30285
Home ConditionFair
Features
Excellent View: Mountain(s), Ocean
Deck
ViewMountain(s), Ocean

About this home

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!

Nearby schools

5/10
Christa Mcauliffe Elementary School
Public,•K-5•1.8mi
3/10
Emilie Ritchen Elementary School
Public,•K-5•3.0mi
3/10
Fremont Intermediate School
Public,•6-8•3.3mi
5/10
Oxnard High School
Public,•9-12•2.5mi
9/10
Rancho Campana High
Public,•9-12•13.2mi
Condition Rating
Fair
Built in 1991, this property is well-maintained but shows significant signs of its original construction era. The kitchen features white cabinets, solid surface countertops, and white tile flooring, while the bathrooms have similar white tile, large tubs, and fixtures that are distinctly early 1990s in style. While functional and clean, these areas are outdated and would require substantial renovation to meet contemporary aesthetic standards. The carpeted living areas and some light fixtures also contribute to the dated feel, aligning with a property built over 20 years ago with no major renovations since construction.
Pros & Cons

Pros

Great Schools: High School: Rancho Campana High (9/10).
Prime Coastal Location & Views: Unbeatable location in Mandalay Shores, just one house away from Mandalay Beach Road with gated beach access, offering panoramic ocean and mountain views, and a dedicated rooftop deck for stunning sunsets. Proximity to Channel Islands Harbor enhances lifestyle.
Luxurious Custom Design & Features: A magnificent custom-built, three-story, 3,700 sq. ft. home featuring a grand marble entry, vaulted ceilings, skylights, designer fixtures, a chef's kitchen with a large island, and a massive primary suite with high-end amenities including a double-sided fireplace and jacuzzi tub.
Exceptional Entertainment & Outdoor Living: Multiple dedicated outdoor spaces including a spacious backyard perfect for entertaining with mature eucalyptus trees and beach access, private balconies, and a fourth-level rooftop deck, all designed for relaxation and social gatherings.
Flexible Living Spaces: The first-floor guest quarters with two bedrooms and en-suite bathrooms, along with an open loft featuring built-in seating, a fireplace, and a wet bar, provide significant versatility for guests, multi-generational living, or dedicated recreational areas.
Ample Parking: An oversized driveway accommodating up to 5 cars and a large garage offers a significant advantage in a coastal area where parking can often be limited.

Cons

Low Available Lot Utilization: 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.
Age of Construction: Built in 1991, while well-maintained and updated, the property is not new construction, which may lead to potential buyers preferring more modern systems or finishes, or anticipating future updates.
Potential for Road Proximity Noise: Being 'one house away from Mandalay Beach Road' could expose the property to some level of traffic noise or reduced privacy compared to properties situated further from main thoroughfares, depending on road activity.
Mixed School Ratings: Some of the local public schools, such as Fremont Intermediate School and Emilie Ritchen Elementary School, have lower ratings (3/10), which could be a drawback for families prioritizing highly-rated public education options.

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