783 Molokai, Thermal, California 92274, Thermal, 92274 - 3 bed, 2 bath
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Thermal, California 92274
This Upgraded Waterfront-Access Residence is a Strong Value Opportunity, listed at $275,000—positioned well below the $298,932 Fair Market Value by 8%. This valuation gap provides $23,932 in Instant Equity for the buyer. Boasting a Condition Rating of 3, the home features a new roof, HVAC system, and 2023 appliances. Unique assets include a deeded boat slip and two detached rear units for office or storage use. Offering panoramic mountain and water views, this property is an ideal acquisition for Owner-Occupants or first-time buyers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 783 Molokai Subject | $275,000* List Price | 3 | 2 | 1,467 | $204 | - |
A 786 Molokai Avenue Active | $297,000 List Price | 4 | 2 | 1,372 | $216 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While built in 1987, the property has undergone significant recent renovations (<5 years) including a new roof, new HVAC system, new flooring, and 2023 appliances. It is in well-maintained, move-in ready condition. It falls short of 'Excellent' only because the kitchen and bathroom cabinetry and countertops appear to be refreshed/painted originals rather than a full modern gut-renovation.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 10001, living area = 1467.
The inclusion of a separate boat slip parcel on Crystal provides rare and valuable water access, making this an exceptional find for boating and water sports enthusiasts.
The property features significant capital improvements including a new roof, HVAC system, flooring, and 2023 appliances, ensuring a move-in-ready experience with low immediate maintenance costs.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1467, other record living area = 1392.
Located near the Salton Sea, the property may be subject to regional environmental challenges and odors that can affect outdoor enjoyment and long-term resale liquidity.
The remote location in Thermal requires a significant commute to major retail centers, healthcare facilities, and urban entertainment hubs.
Welcome to this beautifully maintained Riviera Keys home, ideally located just one block from the water and offering stunning water and mountain views. This property includes a valuable BOAT SLIP parcel on Crystal near the corner of Oahu (APN 01759029), making it perfect for boating enthusiasts. The home has been thoughtfully updated, featuring a new HVAC system, new flooring, fresh interior paint, modern appliances (installed in 2023), and a new roof. Pride of ownership is evident throughout. In addition to the main residence, the property includes two detached rear units—one used as a storage shed and the other currently serving as a versatile hobby room, office, or extra bedroom. Enjoy outdoor living with two spacious patios, perfect for relaxing or entertaining. The home also offers a 2-car garage with an automatic opener. Included in the sale are the washer, dryer, refrigerator, stove, and microwave, providing a move-in-ready experience. Directions: From Highway 86, turn onto North Marina. Continue until you see a mural of three cowboys on the left, then turn left onto Seaview. Proceed through the Spa/RV Park and veer right. Turn left on Molokai—home will be on the right. This is a rare opportunity to own a well-upgraded home with water access and scenic views—don’t miss it!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,467 | 1,443.5 | 55% |
| Lot Size | 10,001 | 10,453.5 | 31% |
| Price | $275.0K | $295.0K | 43% |
| Price per sq ft | $187 | $201 | 43% |
| Built year | 1987 | 2005 | 33% |
| HOA | $0 | $0 | 50% |
| Days on market | 45 | 170 | 2% |
Apr 29, 2026
$275,000
Initial Listing
Jun 5, 2013
$49,500
Public Record
Apr 26, 2001
$20,000
Public Record