76 Pelican, Watsonville, California 95076, Watsonville, 95076 - 3 bed, 2 bath
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76 Pelican
Watsonville, California 95076
ACTIVE
CONDITION: EXCELLENT
3Beds
2Baths
1,488Sq Ft
0Lot Size
Property Price
LIST PRICE$500,000
EST. MARKET VALUE
$517,880
3% BelowMARKET VALUE
SUMMARY
This Fractional Ownership Beachfront Condo represents a Strong Value Opportunity, listed at $500,000—positioned well below the $517,881 Fair Market Value by 3%. This valuation gap offers $17,881 in Instant Equity. Featuring a Mint Condition Rating with high-end quartz kitchen upgrades and panoramic white water ocean views, the unit is fully furnished and move-in ready. While the T.I.C. structure requires partnership coordination, it provides a premium coastal lifestyle at a fraction of the cost. This is an ideal acquisition for Vacation Home Buyers or Lifestyle Investors.
Estimated Market Value
$517,880+$17,880 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Watsonville.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Excellent
TeardownExcellent
Property is new construction or fully renovated.
Although built in 1974, the unit features a high-end renovation within the last 5 years, specifically in the kitchen and bathrooms. The kitchen boasts modern quartz countertops, updated cabinetry, and a contemporary backsplash, while the bathrooms have been fully modernized with new vanities and glass-enclosed tile showers. The unit is in mint, move-in-ready condition.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Beachfront Location
The property boasts exceptional white water ocean and river views with direct beach access, offering a premium coastal living experience in the desirable Pajaro Dunes.
- Turnkey & Upgraded Condition
Featuring a remodeled kitchen with quartz counters and updated bathrooms, the unit comes fully furnished and move-in ready, eliminating immediate renovation costs.
- Comprehensive Community Amenities
Residents benefit from 24-hour security, EV charging stations, tennis courts, and private walking trails, providing a secure and active resort lifestyle.
CONSRISKS & DEFICIENCIES
- Fractional Ownership Structure
The sale is for a 37.5% T.I.C. interest rather than full ownership, which limits usage to 19 weeks per year and significantly complicates traditional financing options.
- Shared Management Dependency
Ownership requires ongoing coordination with two other partners for maintenance costs and property decisions, which can lead to potential conflicts or shared liability.
About 76 Pelican
37.5% T.I.C. Interest in BEACH FRONT 3BR/2BA Ground Level Pelican Point Condo at Pajaro Dunes on Monterey Bay with White Water Ocean and River Views. Enjoy 19+ Weeks per Year with Two other Partners and Sharing the Cost. Long Established Partnership. Upgraded Kitchen with Quartz Counters and Back splash. Primary Bedroom Suite with Ocean Views. Two Additional Bedrooms. Updated Bathrooms. Living Room with Wood Burning Fireplace to Cozy-Up in the Evenings. In-Unit Laundry. Outside Storage. Fully Furnished including Dishes and Linens. South Facing with Abundant Natural Light, Bright and Very Clean. Two Ocean and River View Decks to Enjoy the Outdoors. Ready to Move In. End Building for Added Privacy. Pets Welcome. 24h Security, Fire & EV Charging Station. Tennis Courts, Walking Trails, Bird Watching, Clubhouse and Miles of Unspoiled Beach Awaits You. Great Way to Enjoy the California Beach Lifestyle for a Fraction of the Cost. Don't Miss this Opportunity. Perfect Beach Get-Away!
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1974
- Lot Size
- -
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $765.0 / 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 | 3.0 | 1.6 |
| Baths | 2.0 | 1.6 |
| Square foot | 1,488 | 925 |
| Lot Size | - | 745.875 |
| Price | $500.0K | $751.1K |
| Price per sq ft | $336 | $813 |
| Built year | 1974 | 1976 |
| HOA | $765.0 | $858 |
| Days on market | 42 | 74 |
Pricing History
Listed for Sale
Jul 29, 2026
$500,000
Initial Listing
Sold
Mar 13, 2023
$465,000
Public Record
Sold
Jul 17, 2020
$200,000
Public Record
Sold
Apr 25, 2018
$171,000
Public Record
Sold
Oct 23, 2013
$175,000
Public Record
Sold
Nov 6, 2003
$265,000
Public Record