811 Pheasant Ridge Road, Del Rey Oaks, California 93940, Del Rey Oaks, 93940 - 2 bed, 2 bath
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811 Pheasant Ridge Road
Del Rey Oaks, California 93940
ACTIVE UNDER CONTRACT
CONDITION: EXCELLENT
2Beds
2Baths
1,088Sq Ft
0Lot Size
Property Price
LIST PRICE$700,000
EST. MARKET VALUE
$778,559
10% BelowMARKET VALUE
SUMMARY
This Turnkey Condominium represents a Strong Value Opportunity, listed at a List Price of $700,000—positioned well below the $778,560 Fair Market Value by 10%. This valuation gap provides $78,560 in Instant Equity for the buyer. Featuring a Condition Rating of 2, the home includes a remodeled kitchen, luxury vinyl plank flooring, and access to a community pool and spa. This is an ideal acquisition for first-time buyers or owner-occupants seeking a move-in-ready, low-maintenance lifestyle on the Monterey Peninsula.
Estimated Market Value
$778,559+$78,559 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Del Rey Oaks.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 811 Pheasant Ridge Road Subject | $700,000* List Price | 2 | 2 | 1,088 | $716 | - |
A 121 Quail Run Court Active | $548,000 List Price | 1 | 1 | 696 | $787 | 0.2 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.
Although built in 1988, the property has undergone a comprehensive recent renovation (likely <5 years) including a fully remodeled kitchen with new cabinetry and appliances, refreshed bathrooms with new tile, and new luxury vinyl plank flooring throughout, resulting in a turnkey, mint-condition interior.
PROSSTRENGTHS & OPPORTUNITIES
- Turnkey Furnished Opportunity
The property is sold fully furnished and move-in ready, offering a seamless transition for buyers looking for a vacation home or an immediate primary residence on the Monterey Peninsula.
- Optimal Layout and Privacy
This single-level unit features no interior stairs and no upstairs neighbors, providing a level of quiet and accessibility that is highly sought after in condominium living.
- Modern Interior Upgrades
The home boasts a remodeled kitchen with new cabinetry and ceramic countertops, complemented by luxury vinyl plank flooring and refreshed bathrooms, ensuring a contemporary aesthetic.
CONSRISKS & DEFICIENCIES
- High Monthly HOA Dues
The association fee of $619 per month represents a significant recurring cost that may impact the overall monthly affordability for some buyers.
- Modest School Ratings
The assigned middle school has a lower performance rating, which could be a drawback for families prioritizing high-ranking educational districts.
About 811 Pheasant Ridge Road
Welcome to easy, single-level living in the desirable Pheasant Ridge community of Del Rey Oaks. This beautifully updated and **fully furnished** 2-bedroom, 2-bath condominium offers the comfort of no interior stairs, no upstairs neighbors, and a lifestyle designed for convenience. **Everything you see is included in the purchase price, making this a truly turnkey opportunity.** The remodeled kitchen features new cabinetry, ceramic countertops, a new dishwasher, and updated appliances, while luxury vinyl plank flooring flows throughout the main living areas. Both bathrooms have been tastefully refreshed with elegant tile flooring. Cozy evenings await by the gas fireplace, and the in-unit laundry adds everyday convenience. Step outside and enjoy the community pool and spa, then take advantage of the home's ideal location near shopping, dining, medical facilities, beaches, golf, and all the attractions of the Monterey Peninsula. Whether you're looking for a full-time residence, a weekend retreat, or a low-maintenance getaway, **this move-in-ready, fully furnished home lets you simply bring your suitcase and start enjoying the Monterey Peninsula lifestyle.**
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1988
- Lot Size
- -
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $619.0 / Month
Neighborhood Insights
Del Rey Oaks Unified Schools
Foothill Elementary School
Grades K-5 • 1.4 mi
6/10
Walter Colton
Grades 6-8 • 4.4 mi
3/10
Monterey High School
Grades 9-12 • 3.9 mi
6/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,088 | 1,088 |
| Lot Size | - | 1,071 |
| Price | $700.0K | $670.0K |
| Price per sq ft | $643 | $616 |
| Built year | 1988 | 1988 |
| HOA | $619.0 | $611 |
| Days on market | 19 | 28 |
Pricing History
Listed for Sale
Aug 21, 2026
$700,000
Initial Listing
Sold
Mar 26, 2021
$495,000
Public Record
Sold
Jun 2, 2016
$422,500
Public Record
Sold
Nov 20, 2009
$380,000
Public Record