59 Kailua Way, Dillon Beach, CA 94929, Dillon Beach, 94929 - 5 bed, 2 bath
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59 Kailua Way
Dillon Beach, CA 94929
ACTIVE
CONDITION: EXCELLENT
5Beds
2Baths
2,000Sq Ft
10,724Lot Size
Property Price
LIST PRICE$2,450,000
EST. MARKET VALUE
$2,532,854
3% BelowMARKET VALUE
SUMMARY
This High-Potential Investment Opportunity is a rare oceanfront Single Family Residence listed at $2,600,000, positioned well below the $2,656,188 Fair Market Value by 2%. This valuation gap offers $56,188 in Instant Equity. Featuring a Mint Condition Rating, the home includes a remodeled kitchen, hot tub, and panoramic ocean views. Currently a successful short-term rental, this property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a turnkey coastal sanctuary with proven income potential.
Estimated Market Value
$2,532,854+$82,854 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Dillon Beach.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 59 Kailua Way Subject 5 bd · 2 ba · 2,000 sqft · $1,266 | $2,450,000* List Price | 5 | 2 | 2,000 | $1,266 | - |
A 221 Oceana Drive Active 3 bd · 2 ba · 1,737 sqft · $1,151 · 0.4 mi | $1,999,000 List Price | 3 | 2 | 1,737 | $1,151 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Excellent
TeardownExcellent
Property is new construction or fully renovated.
While originally built in 1972, the property has undergone substantial recent renovations that place it in mint condition. The listing confirms a remodeled kitchen with modern stainless steel appliances, updated bathrooms, a new roof, a new electrical panel, and the replacement of nearly all windows and doors. The interior shows high-end finishes and the systems have been upgraded to support its use as a successful luxury rental.
PROSSTRENGTHS & OPPORTUNITIES
- High Available Lot Utilization
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 10724, living area = 2000.
- Prime Oceanfront Location
This rare bluff-front property offers unobstructed 180-degree Pacific Ocean views and direct coastal access, a significant scarcity in the Oceana Marin community where very few oceanfront homes have sold in recent years.
- Turnkey Modern Upgrades
The residence features extensive recent improvements, including a remodeled kitchen and bathrooms, a new roof, updated electrical panel, and high-quality replacement windows and doors, ensuring a move-in-ready experience.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2000, other record living area = 1472. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 5, other record bedroom count = 2.
- High Bed-to-Bath Ratio
With five bedrooms but only two bathrooms, the home's layout may present logistical challenges for large families or high-occupancy rental groups.
- Limited Garage Capacity
The property includes only a one-car garage, which is relatively small for a five-bedroom residence, potentially limiting covered storage and vehicle protection.
About 59 Kailua Way
Rare true oceanfront home on the bluff in Dillon Beach with 5 bedrooms, 2 bathrooms, and spectacular 180-degree unobstructed Pacific Ocean views with the sound of crashing waves throughout! Only two true oceanfront homes have sold in Oceana Marin during the past five years, making 59 Kailua Way an exceptionally rare offering. For an oceanfront home in the Bay Area, there is no better value. Set on nearly 1/4 acre in a front-row bluff location, the home was thoughtfully designed to capture ocean views and sounds from every room. All five beds enjoy ocean views, including two direct oceanfront bedrooms positioned right along the bluff. Outdoor living makes the most of the setting, with expansive wraparound decks overlooking the Pacific, a hot tub for soaking up the experience, an outdoor shower after a day at the beach, and a new stainless-steel BBQ for easy outdoor meals. Inside, a wood-burning fireplace adds warmth on cool coastal evenings. Additional features include an EV charger, two washers and two dryers, a 1-car garage, and driveway parking for two additional vehicles. The current owners have made numerous substantial improvements, including the replacement of nearly every window and door, a new roof and electrical panel, remodeled kitchen and bathrooms, and upgraded utilities. Furnishings are negotiable. Currently operated as a highly successful short-term rental with robust income, the property has a strong history of guest demand and exceptional 10/10 guest reviews. Its 5-bedroom layout comfortably accommodates family and guests, with excellent separation of spaces, whether enjoyed as a full-time residence or a coastal getaway. With its true bluff-front position, front-row ocean setting, and the rugged beauty and laid-back charm of Dillon Beach, 59 Kailua Way offers something increasingly difficult to find along the Northern California coast. Nearby, enjoy the beach, Coastal Kitchen, and Dillon Beach General Store, along with one of the area's most dog-friendly stretches of coastline, where dogs are welcome off-leash.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1972
- Lot Size
- 10,724 Sq. Ft.
Interior
- Total Bedrooms
- 5
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $1164 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 5.0 | 2.7 |
| Baths | 2.0 | 2.3 |
| Square foot | 2,000 | 1,586.333 |
| Lot Size | 10,724 | 7,684 |
| Price | $2.45M | $1.09M |
| Price per sq ft | $1.2K | $759 |
| Built year | 1972 | 1963 |
| HOA | $1164 | $714 |
| Days on market | 49 | 89 |
Pricing History
Listed for Sale
Oct 7, 2026
$2,450,000
$2,600,000
-6% Price Drop
Initial Listing
Price Change
Sep 5, 2026
$2,600,000
Initial Listing
Sold
Nov 1, 2004
$690,000
Public Record