5451 Reef Way, Oxnard, California 93035, Oxnard, 93035 - 3 bed, 2 bath

5451 Reef Way, Oxnard, California 93035 home-pic-0
ACTIVE$1,599,000
5451 Reef Way, Oxnard, California 93035
3Beds
2Baths
1,769Sqft
3,920Lot

Price Vs. Estimate

The estimated value ($1,567,704.805) is $31,295.195 (1%) lower than the list price ($1,599,000). This property may be overpriced.

Key pros and cons

Top Pros:
Prime Coastal Location: Situated just a few homes from the oceanfront in the coveted Mandalay Shores enclave, offering an idyllic beach lifestyle and strategic positioning between Malibu and Santa Barbara.
Top Cons:
Absence of Direct Ocean View: Despite its proximity to the ocean, the property details explicitly state 'view: None', indicating no direct ocean views from the home, which may be a drawback for some beach property buyers.

Compared to the nearby listings

Price:$1.60M vs avg $1.27M (+$324,000)62%
Size:1,769 sqft vs avg 1,769 sqft50%
Price/sqft:$904 vs avg $68671%

More Insights

Built in 1974 (51 years old).
Condition: Built in 1974, this Spanish-inspired home has undergone significant updates, particularly in the kitchen and master bathroom, which feature stone countertops, stainless steel appliances (including a Bosch dishwasher), and travertine finishes. The gleaming wood floors and well-maintained overall appearance suggest it is move-in ready with no immediate renovations required. While some elements like the wall texture, certain light fixtures, and bedroom carpeting are not ultra-modern, the key areas have been updated within the last 5-15 years, aligning with the 'Good' condition criteria.
Year Built
1974
Close
-
List price
$1.6M
Original List price
$1.74M
Price/Sqft
$904
HOA
-
Days on market
-
Sold On
-
MLS number
V1-28576
Home ConditionGood
Features
Good View: None
Patio
View-

About this home

Welcome to paradise! This Spanish inspired beach beauty sits just a few homes in from the oceanfront! Nestled in the coveted enclave of Mandalay Shores this prime location is graced by the breathtaking beauty of Ventura County's shoreline. Here, you'll discover a tranquil world, unhurried pace, where the sands stretch infinitely & coastal vistas paint a mesmerizing canvas. Gateway to the Channel Islands, we offer scenic beauty & a strategically positioned coastal haven, equidistant from Malibu & Santa Barbara. Immerse yourself in a realm defined by endless sunsets, sand-kissed shores, & a medley of seaside adventures. Picture yourself surfing the waves, gliding along in a kayak, or savoring the serene moments of paddle boarding. Visit local yacht clubs, explore nearby wineries, perfect your golf swing, indulge in retail therapy, & savor culinary delights at charming restaurants. As you enter the front gate you are greeted with an open front patio with a raised sitting area with wind break for those seeking some shelter but still offering plenty of fresh ocean breeze. On the 1st level, an expansive living room is framed by vaulted ceilings with beams, Spanish style fireplace w/wood mantle, gleaming wood floors & offers a gorgeous marble top bar with stone surround. The entire home features multiple arched doorways, hand carved beams & ceiling fans. The open living area adjoins the gourmet kitchen with stone counter tops, stainless steel appliances, dining area & island w/bar seating. There are two very spacious guest suites w/a bright & cheery guest bathroom located in between for easy access and a refreshing tub/shower combination. The second level offers a large master suite that currently contains 2 queen beds for extra guests on vacation! With plenty of room in the adjoining loft space you have a private area to sit back and relax, flex space for media/game room or workout/zen area. The master bath w/shower/tub combo is finished with travertine surround and travertine flooring w/seafoam inspired glass inlay & double vanities. The back yard features a paved patio area with adjoining walk way to the beach. An ample size garage accommodates paddle boards, kayaks, surfboards, bicycles, or even a beach golf cart w/ease & ample outdoor parking for guests. Embark on a journey to explore the ultimate idyllic beach lifestyle at a softer, slower pace! Come for a day, stay for a lifetime!

Nearby schools

5/10
Christa Mcauliffe Elementary School
Public,K-51.9mi
3/10
Emilie Ritchen Elementary School
Public,K-52.9mi
3/10
Fremont Intermediate School
Public,6-83.3mi
5/10
Oxnard High School
Public,9-122.4mi
9/10
Rancho Campana High
Public,9-1213.3mi
Condition Rating
Good

Built in 1974, this Spanish-inspired home has undergone significant updates, particularly in the kitchen and master bathroom, which feature stone countertops, stainless steel appliances (including a Bosch dishwasher), and travertine finishes. The gleaming wood floors and well-maintained overall appearance suggest it is move-in ready with no immediate renovations required. While some elements like the wall texture, certain light fixtures, and bedroom carpeting are not ultra-modern, the key areas have been updated within the last 5-15 years, aligning with the 'Good' condition criteria.
Pros & Cons

Pros

Prime Coastal Location: Situated just a few homes from the oceanfront in the coveted Mandalay Shores enclave, offering an idyllic beach lifestyle and strategic positioning between Malibu and Santa Barbara.
Distinctive Spanish Architecture & Design: Features charming Spanish-inspired architecture with vaulted ceilings, hand-carved beams, arched doorways, and a Spanish-style fireplace, providing unique character and aesthetic appeal.
Updated Gourmet Kitchen & Entertainment Space: Boasts a gourmet kitchen with stone countertops, stainless steel appliances, an island with bar seating, and an adjoining marble-top bar, ideal for cooking and entertaining.
Versatile Master Suite with Loft: The large master suite includes an adjoining loft space, offering flexible use as a media room, game room, workout area, or additional relaxation space.
Enhanced Outdoor Living & Storage: Includes an open front patio with a windbreak, a paved backyard patio with beach access, and an ample-sized garage perfect for storing beach gear like paddleboards and kayaks.

Cons

Absence of Direct Ocean View: Despite its proximity to the ocean, the property details explicitly state 'view: None', indicating no direct ocean views from the home, which may be a drawback for some beach property buyers.
Recent Price Reductions: The property has undergone multiple price reductions from its original list price, potentially signaling an initial overvaluation or a longer time on market.
Age of Construction (1974): Built in 1974, the property's age, despite cosmetic updates, may imply older underlying systems (e.g., plumbing, electrical, roof) that could require future maintenance or replacement not detailed in the description.

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