825 Balboa Avenue 205, Capitola, California 95010, Capitola, 95010 - 2 bed, 2 bath
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825 Balboa Avenue 205
Capitola, California 95010
ACTIVE
CONDITION: GOOD
2Beds
2Baths
922Sq Ft
784Lot Size
Property Price
LIST PRICE$925,000
EST. MARKET VALUE
$810,614
14% AboveMARKET VALUE
SUMMARY
This Coastal Condominium represents a High-Potential Investment Opportunity, listed at $949,000—positioned well above the $818,544 Fair Market Value by -15%. While the price reflects a premium for its unobstructed Monterey Bay views and renovated granite kitchen, the property maintains a Condition Rating of 3. Its prime location near the coastal path offers an exceptional lifestyle, though the $840 monthly HOA fee warrants careful financial consideration. This unit is best suited for Second-Home Buyers or Owner-Occupants prioritizing coastal access.
Estimated Market Value
$810,614
Based on Realkey algorithm analyzing recent comparable sales in Capitola.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 825 Balboa Avenue 205 Subject | $925,000* List Price | 2 | 2 | 922 | $879 | - |
A 815 Balboa Avenue 310 Active | $799,950 List Price | 2 | 1 | 704 | $1,136 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
Although built in 1974, the unit features a renovated kitchen with granite countertops and updated appliances, likely within the 10-20 year range. The interior is well-maintained and move-in ready, though popcorn ceilings and baseboard heating indicate some dated elements.
PROSSTRENGTHS & OPPORTUNITIES
- Unobstructed Ocean Views
The property offers rare, panoramic views of Monterey Bay without the interference of telephone poles or overhead wires, providing a pristine and high-value coastal visual experience.
- Exceptional Walkability
Ideally situated across from a refurbished coastal path and within walking distance to Capitola Village, offering easy access to beaches, boutique shopping, and waterfront dining.
- Prime Coastal Lifestyle
Positioned as a front-row seat for marine wildlife viewing and outdoor recreation, making it a highly desirable location for both vacationers and full-time residents.
CONSRISKS & DEFICIENCIES
- High Monthly HOA Fees
The association fee of $840 per month is significant for a two-bedroom unit, which may impact the overall affordability and debt-to-income ratio for potential buyers.
- Compact Living Area
With approximately 922 square feet of living space and a 1.5-bath layout in a 1974 building, the property may feel small for those seeking more modern or spacious accommodations.
About 825 Balboa Avenue 205
Welcome to 825 Balboa Ave. #205, where the views truly 'seal' the deal. This beautifully situated 2-bedroom, 1.5-bath condominium offers approximately 922 square feet of coastal living with breathtaking, unobstructed ocean views of the Monterey Bay. Enjoy a front-row seat to dolphins, whales, otters, seabirds, and sailboats, then unwind each evening as the lights of Monterey shimmer across the water. With no telephone poles or overhead wires to interrupt your panoramic view, every day feels like a postcard. Just across the street, the newly refurbished coastal path invites you to walk, jog, or bike from New Brighton State Beach through Capitola Village. Stroll to the many events and activities Capitola is known for, including the Capitola Twilight Concert Series, the Capitola Art & Wine Festival, summer movies on the beach, charming boutiques, waterfront dining, and so much more. Whether you're looking for a full-time home or the perfect coastal getaway, this is one opportunity you won't want to let 'drift' away.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1974
- Lot Size
- 784 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $840.0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.0 |
| Baths | 2.0 | 1.1 |
| Square foot | 922 | 853.125 |
| Lot Size | 784 | 915 |
| Price | $925.0K | $613.2K |
| Price per sq ft | $1.0K | $655 |
| Built year | 1974 | 1975 |
| HOA | $840.0 | $646 |
| Days on market | 70 | 111 |
Pricing History
Listed for Sale
Aug 18, 2026
$925,000
$949,000
-3% Price Drop
Initial Listing
Price Change
Jul 1, 2026
$949,000
Initial Listing
Sold
Jan 22, 2016
$575,000
Public Record
Sold
Oct 2, 2012
$449,000
Public Record