83 Puffin Lane, Watsonville, California 95076, Watsonville, 95076 - 4 bed, 3 bath
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Watsonville, California 95076
This Coastal Residential Asset represents a High-Potential Investment Opportunity, listed at $2,550,000—positioned well below the $2,587,463 Fair Market Value by 1.4%. This valuation gap offers $37,463 in Instant Equity. With a Good Condition Rating, the property features panoramic ocean views and a flexible four-bedroom layout. Its location in a gated community with no vacation rental permit requirements makes it a premier choice for Buy-and-Hold Investors or Owner-Occupants seeking a high-yield coastal retreat.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 83 Puffin Lane Subject | $2,550,000* List Price | 4 | 3 | 2,129 | $1,215 | - |
A 127 Cormorant Way Active Under Contract | $2,145,000 List Price | 3 | 4 | 1,859 | $1,154 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Although built in 1974, the property is well-maintained and functional, appearing move-in ready. The interior shows signs of cosmetic updates including fresh paint and clean carpeting. While the architectural style and wall paneling are dated, the overall condition of the structure and expansive decks suggests a maintenance schedule consistent with a high-end coastal rental, placing it in the 'Good' category rather than 'Fair'.
Situated in the exclusive gated Pajaro Dunes community, this home offers rare ocean views from every room and direct access to miles of pristine beaches and scenic trails.
Located in a rare coastal zone where short-term rentals do not require a vacation rental permit, providing a significant opportunity for high-yield rental income.
The thoughtfully designed floor plan features two bedrooms on each level, offering excellent privacy and flexibility for guests or multi-generational living.
The monthly association fee of $1,827 is substantial and represents a significant recurring expense that may impact the overall affordability for some buyers.
The property is served by local schools with low performance ratings (ranging from 2 to 4), which may be a drawback for families prioritizing educational quality.
Enjoy ocean views from every room, a private driveway, attached garage, expansive decks, a spacious loft, and plenty of room to gather with family and friends. Start your mornings watching the waves and end each day with unforgettable sunsets. Ideally located between Santa Cruz and Monterey, this home offers the perfect blend of privacy, recreation, and convenience. Nestled within the gated Pajaro Dunes community, you'll enjoy miles of pristine beaches, scenic trails, incredible birdwatching, and endless coastal adventures. The thoughtfully designed floor plan features two bedrooms upstairs and two downstairs, making it ideal for multi-generational living, guests, or beach getaways. One of the few coastal communities where short-term rentals don't require a vacation rental permit, Pajaro Dunes offers a rare opportunity to enjoy the home while generating rental income. Oceanfront properties with this combination of views, space, and investment potential rarely become available. Don't miss your chance to own a remarkable piece of the California coast.
No exterior & parking available.
Grades K-5 • 4.4 mi
Grades 6-8 • 5.0 mi
Grades 9-12 • 5.2 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.0 |
| Baths | 3.0 | 2.0 |
| Square foot | 2,129 | 1,139.5 |
| Lot Size | 7,623 | 7,144 |
| Price | $2.55M | $810.5K |
| Price per sq ft | $1.2K | $609 |
| Built year | 1974 | 1955 |
| HOA | $1827.0 | $530 |
| Days on market | 2 | 51 |
Jul 21, 2026
$2,550,000
Initial Listing
Jun 14, 2010
$1,240,000
Public Record