75 Pelican P-75, Watsonville, California 95076, Watsonville, 95076 - 2 bed, 2 bath
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75 Pelican P-75
Watsonville, California 95076
ACTIVE
CONDITION: FAIR
2Beds
2Baths
1,046Sq Ft
0Lot Size
Property Price
LIST PRICE$990,000
EST. MARKET VALUE
$936,755
5% AboveMARKET VALUE
SUMMARY
This coastal condominium presents a High-Potential Investment Opportunity, listed at $990,000—positioned well above the $936,756 Fair Market Value by -5%. Featuring a Fair Condition Rating, the property offers significant upside through cosmetic modernization of its 1973 interiors. The unit boasts panoramic Monterey Bay views and a large private deck, providing a unique lifestyle asset. While the high association fee requires careful underwriting, the location remains a prime draw. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a coastal renovation project.
Estimated Market Value
$936,755
Based on Realkey algorithm analyzing recent comparable sales in Watsonville.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 1973, the property is functional and well-maintained but distinctly dated. The interior features popcorn ceilings, older electric baseboard heating units, and gold-framed mirrored closet doors. While the kitchen has seen some past cabinetry updates, the home overall requires cosmetic modernization to meet current standards.
PROSSTRENGTHS & OPPORTUNITIES
- Stunning Coastal Views
The property offers enchanting, panoramic views overlooking the Pajaro River and Monterey Bay, with private water views directly from the master bedroom.
- Prime Beachfront Access & Amenities
Located just steps from the beach path, residents enjoy immediate access to miles of sandy beach along with community amenities like tennis and pickleball courts.
- Desirable Single-Level Layout
This 2-bedroom, 2-bathroom condominium features a convenient single-level floor plan and a large private deck perfect for enjoying morning sunrises.
CONSRISKS & DEFICIENCIES
- High Association Fees
The property carries a substantial monthly association fee of $1,400, which significantly increases the ongoing cost of ownership.
- Extended Days on Market
With 125 days on the market and multiple price fluctuations, the property may face challenges regarding buyer perception or initial overpricing.
About 75 Pelican P-75
A Perfect Beach Vacation Home ! Overlooking the Pajaro River and Bay stretching all the way to Monterey. Privacy and enchanting views await the lucky new owner of this single level, 2-bedroom, 2 bath. The master bedroom has private views of the river and ocean beyond. Large deck to enjoy the morning sunrise and just steps to the beach path. Enjoy tennis, pickleball and miles of sandy beach. Centrally located half way between Santa Cruz and Monterey.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1973
- Lot Size
- -
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $1400.0 / Month
Neighborhood Insights
Watsonville Unified Schools
Ohlone Elementary School
Grades K-5 • 2.9 mi
4/10
Landmark Elementary School
Grades K-5 • 4.5 mi
2/10
Pajaro Middle School
Grades 6-8 • 4.6 mi
2/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 1.6 |
| Baths | 2.0 | 1.6 |
| Square foot | 1,046 | 925 |
| Lot Size | - | 745.875 |
| Price | $990.0K | $751.1K |
| Price per sq ft | $946 | $813 |
| Built year | 1973 | 1976 |
| HOA | $1400.0 | $858 |
| Days on market | 147 | 74 |
Pricing History
Listed for Sale
Aug 5, 2026
$990,000
$980,000
+1% Price Increase
Initial Listing
Price Change
Jul 26, 2026
$980,000
$1,030,000
-5% Price Drop
Initial Listing
Price Change
May 24, 2026
$1,030,000
$1,050,000
-2% Price Drop
Initial Listing
Price Change
Apr 15, 2026
$1,050,000
Initial Listing