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$2,600,000
EST. MARKET VALUE
$2,656,187
SUMMARY
This High-Potential Investment Opportunity is listed at $2,600,000, positioned well below the $2,656,188 Fair Market Value by 2%, offering $56,188 in Instant Equity. Featuring a Mint Condition Rating and 180-degree Pacific Ocean views, this bluff-front residence is a proven, high-performing short-term rental. With recent upgrades including a new roof and remodeled interiors, the property is a turnkey asset. This is an ideal acquisition for Buy-and-Hold Investors seeking robust income or Owner-Occupants desiring a premier coastal sanctuary.
Estimated Market Value
$2,656,187
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 | $2,600,000* List Price | 5 | 2 | 2,000 | $1,328 | - |
A 221 Oceana Drive Active | $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 comprehensive recent renovations including a remodeled kitchen with stainless steel appliances, updated bathrooms, a new roof, and a new electrical panel. The replacement of nearly all windows and doors, along with upgraded utilities and modern interior finishes, places this home in mint, move-in ready condition.
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
Situated on a rare true bluff-front lot, the property offers unobstructed 180-degree Pacific Ocean views from every room, a feature seldom available in the Oceana Marin community.
- Turnkey Revenue Generator
Currently operating as a highly successful short-term rental with a 10/10 guest rating, the home provides immediate income potential and a proven track record of high demand.
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.
- Disproportionate Bed-to-Bath Ratio
With five bedrooms but only two bathrooms, the layout may present logistical challenges for large families or groups, potentially impacting the comfort level during high-occupancy stays.
- Limited Enclosed Parking
The property includes only a one-car garage, which may be insufficient for a five-bedroom residence intended to host multiple guests or large vehicles.
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 | $2.60M | $1.09M |
| Price per sq ft | $1.3K | $759 |
| Built year | 1972 | 1963 |
| HOA | $1164 | $714 |
| Days on market | 4 | 89 |
Pricing History
Listed for Sale
Sep 5, 2026
$2,600,000
Initial Listing
Sold
Nov 1, 2004
$690,000
Public Record