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547 Beach Drive, Aptos, California 95003, Aptos, 95003 - 4 bed, 4 bath

547 Beach Drive, Aptos, California 95003 home-pic-0
ACTIVE$5,480,000
547 Beach Drive, Aptos, California 95003
4Beds
4Baths
2,883Sqft
9,888Lot

Price Vs. Estimate

The estimated value ($5,480,000) is $0 (0%) lower than the list price ($5,480,000). This property may be overpriced.

Key pros and cons

Top Pros:
Prime Beachfront Location & Direct Access: The property boasts a coveted beachfront location on Beach Drive, featuring a 50x20 foot oceanfront deck with only 10 steps directly to the beach, offering unparalleled coastal living.
Top Cons:
Significant Price Adjustment & Over-Estimation: The property has undergone a substantial price reduction from its original listing ($6.8M to $5.48M) and is still listed 6% above its current estimated market value, which may suggest initial overpricing or market resistance.

Compared to the nearby listings

Price:$5.48M vs avg $1.50M (+$3,980,500)98%
Size:2,883 sqft vs avg 1,948 sqft85%
Price/sqft:$1.9K vs avg $80798%

More Insights

Built in 1986 (39 years old).
Condition: Built in 1986, this property is well-maintained with recent updates like new laminate flooring and modern kitchen appliances. However, the overall aesthetic, particularly the extensive wood paneling and the style of the bathrooms (vanities, fixtures), reflects its original era or an earlier renovation (15-30 years ago). While functional and clean, the kitchen cabinetry and bathroom styles are outdated, preventing a 'Good' rating which typically implies more recent extensive renovations or a newer build.
Year Built
1986
Close
-
List price
$5.48M
Original List price
$6.8M
Price/Sqft
$1,901
HOA
$600
Days on market
-
Sold On
-
MLS number
ML81998761
Home ConditionFair
Features
Excellent View: Ocean
Deck
ViewOcean

About this home

discover your dream coastal escape in this stunning 4+ bedroom 4 bath beach front home on coveted beach drive. This beautifully designed residence seamlessly blends warm, natural wood interiors with breathtaking panoramic ocean views, Features include 50x20 foot ocean front deck with only 10 steps down to beach. The open concept living and dining area boast floor to ceiling wood casement sliding glass doors that flood the space with natural light and unobstructed views. Central eye catching copper clad fireplace adds warmth and charm. Multiple outdoor living areas: In addition to the beach front deck enjoy a private rooftop terrace and a secluded courtyard with access to all first level bedrooms. Special features: Security gates, shutters on the ocean side, retractable remote operated patio screens, New laminate floors on first level. Amazing six gables roofline that creates a dramatic effect especially at night as the recess lighting gives a soft warm glow off the clear heart wood interior ceiling and walls. Separate in law suite with loft that can be used as a sitting area, office or extra sleeping. House has been rented as a vacation rental earning $10,000 per week

Condition Rating
Fair
Built in 1986, this property is well-maintained with recent updates like new laminate flooring and modern kitchen appliances. However, the overall aesthetic, particularly the extensive wood paneling and the style of the bathrooms (vanities, fixtures), reflects its original era or an earlier renovation (15-30 years ago). While functional and clean, the kitchen cabinetry and bathroom styles are outdated, preventing a 'Good' rating which typically implies more recent extensive renovations or a newer build.
Pros & Cons

Pros

Prime Beachfront Location & Direct Access: The property boasts a coveted beachfront location on Beach Drive, featuring a 50x20 foot oceanfront deck with only 10 steps directly to the beach, offering unparalleled coastal living.
Panoramic Ocean Views: Enjoy breathtaking, unobstructed panoramic ocean views from multiple areas of the home, including the open-concept living space with floor-to-ceiling glass doors.
Strong Vacation Rental Income Potential: The residence has a proven track record as a vacation rental, generating significant income of $10,000 per week, making it an attractive investment opportunity.
Multiple Outdoor Living Spaces: Beyond the main oceanfront deck, the property offers diverse outdoor enjoyment with a private rooftop terrace and a secluded courtyard accessible from first-level bedrooms.
Versatile In-Law Suite: A separate in-law suite with a loft provides flexible living arrangements, suitable for extended family, guests, a home office, or additional rental income.

Cons

Significant Price Adjustment & Over-Estimation: The property has undergone a substantial price reduction from its original listing ($6.8M to $5.48M) and is still listed 6% above its current estimated market value, which may suggest initial overpricing or market resistance.
High Association Fee: A $600 association fee adds a considerable recurring cost to ownership, which potential buyers will need to factor into their budget.
Property Age & Potential System Updates: Built in 1986, while well-maintained and featuring some updates like new laminate floors, the property's age may indicate that major systems (e.g., HVAC, plumbing, electrical) could require future inspection or upgrades.

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