5386 Royal Oaks, Oroville, California 95966, Oroville, 95966 - 3 bed, 3 bath
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Oroville, California 95966
This Spacious Lakefront Residence is a Prime Investment Opportunity, listed at $578,000—positioned well below the $602,783 Fair Market Value by 4%. This valuation gap offers $24,783 in Instant Equity. Maintained in Move-in Ready Condition, the property features Panoramic Lake Views, a rare Residential Elevator, and high-value updates including a New Roof and Windows. Located in the Oroville Union district, it balances immediate lifestyle perks with long-term financial upside. This is an ideal match for Owner-Occupants or Value-Driven Buyers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5386 Royal Oaks Subject | $578,000* List Price | 3 | 3 | 2,222 | $271 | - |
A 5370 Royal Oaks Drive Active | $599,000 List Price | 3 | 3 | 2,978 | $201 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is move-in ready and has been well-maintained with significant recent capital improvements, including a new roof, siding, windows, and modern exterior fixtures. While the interior features some dated elements typical of its 1979 construction—such as popcorn ceilings and tile countertops in the kitchen—it offers modern stainless steel appliances, vaulted ceilings with decorative beams, and a rare residential elevator. The overall quality and recent major system updates elevate it above a fair rating.
The property offers stunning, unobstructed views of Lake Oroville and the iconic Green Bridge, perfectly captured through large windows and an expansive covered wood deck.
Recent high-value updates including a new roof, siding, and windows provide immediate peace of mind and significantly reduce near-term maintenance costs for the buyer.
The inclusion of a residential elevator is a rare and premium feature that ensures long-term utility and easy navigation between levels for all residents.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2222, other record living area = 1868. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 2.
Despite recent updates to major systems, the kitchen features tile countertops which may feel dated to buyers seeking a fully modernized luxury aesthetic.
As a 1979 build, some original underlying mechanical or plumbing systems may require inspection or future modernization compared to newer construction.
BEAUTIFUL LAKE HOME OFFERING VIEWS OF LAKE OROVILLE! This spacious home features just over 2,200 square feet with 3 bedrooms and 3 bathrooms and has been thoughtfully updated in recent years with a new roof, siding, windows, and modern fixtures. The main living areas of the home capture beautiful views of Lake Oroville, the iconic Green Bridge, and the surrounding foothills. An expansive wood deck extends the living space outdoors, creating the perfect setting for relaxing or entertaining while taking in the scenery. The covered deck offers shade and protection from the elements for year-round enjoyment. Step inside to an inviting open-concept living area with vaulted ceilings, creating a bright and airy space perfect for everyday living and entertaining. The large kitchen offers tile countertops, stainless steel appliances and ample cabinet storage. Adjacent to the kitchen is a unique bar area which adds character and creates a fun space for entertaining. The home also features a convenient elevator for easy access between levels. A large garage provides plenty of room for multiple vehicles or room for working on your hobbies. In the garage there is also a separate storage room which provides an ideal space for a wine cellar or additional storage. Outside, enjoy the property’s mature lemon and grapefruit trees, adding charm and the opportunity for fresh citrus right from your yard. All of this paired with the peaceful setting and scenic views makes this home a wonderful place to relax and enjoy lake living. Call your Realtor today to see it in person!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 3.0 | 2.0 | 72% |
| Square foot | 2,222 | 1,509 | 83% |
| Lot Size | 7,405 | 16,988 | 18% |
| Price | $578.0K | $325.0K | 95% |
| Price per sq ft | $260 | $218 | 84% |
| Built year | 1979 | 1975 | 58% |
| HOA | $37.0 | $0 | 96% |
| Days on market | 34 | 180 | 1% |
Mar 19, 2026
$578,000
Initial Listing
Jul 19, 2011
$175,000
Public Record