
Capitola, California 95010
This Turnkey Coastal Condominium is a Strong Value Opportunity, listed at $1,098,000—positioned well below the $1,175,000 Fair Market Value by 6%. This valuation gap offers $77,000 in Instant Equity for the buyer. Featuring a Mint Condition Rating with designer finishes, smart home technology, and sweeping Monterey Bay views, this residence offers a resort-style lifestyle with pool and spa access. It is an ideal acquisition for Owner-Occupants seeking luxury coastal living or second-home buyers looking for a move-in ready retreat.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 870 Park Avenue 316 Subject | $1,098,000* List Price | 3 | 2 | 1,242 | $946 | - |
A 825 Balboa Avenue 205 Active | $925,000 List Price | 2 | 2 | 922 | $1,003 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
While the building dates to 1973, the unit has undergone a comprehensive recent remodel featuring designer finishes, new flooring, modern fireplace, and integrated smart home technology, placing it in mint, move-in ready condition.
The property offers sweeping, unobstructed views of Monterey Bay and the coastline, providing a premium aesthetic and significant value for coastal living.
The interior features designer finishes, quality craftsmanship, and integrated smart home technology, ensuring a sophisticated and move-in-ready experience.
Situated moments from Capitola Village and beaches, the complex includes resort-style amenities such as a pool, spa, fitness center, and sauna.
The monthly association fee of $915 is relatively high, which may impact the overall affordability and debt-to-income ratio for some buyers.
Built in 1973, the building structure is over 50 years old, which may lead to higher long-term maintenance needs compared to modern developments.
Welcome to 870 Park Avenue, Unit 316, where sweeping Monterey Bay views and effortless coastal living come together in one beautifully remodeled residence. From your private balcony, watch the sun melt into the horizon as sailboats drift across the bay and the ever-changing coastline provides a spectacular backdrop to everyday life. Inside, approximately 1,242 square feet of inviting living space showcases quality craftsmanship, designer finishes, and integrated smart home technology. The bright, open layout flows seamlessly between the living, dining, and kitchen areas, while the versatile third bedroom has intentionally remained open to create an expansive living space that easily adapts to your lifestyle, whether hosting friends, working from home, or enjoying a spacious dining area. Moments from Capitola Village, sandy beaches, charming cafés, boutique shopping, and scenic coastal trails, the location offers the very best of California. Community amenities include a pool, spa, fitness center, sauna, and inviting gathering spaces that enhance the relaxed resort style atmosphere. Sophisticated, move in ready, and perfectly positioned to embrace the beauty of Monterey Bay, this is an exceptional opportunity to experience the ease, comfort, and elegance of luxury coastal living.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 2.0 |
| Baths | 2.0 | 1.1 |
| Square foot | 1,242 | 853.125 |
| Lot Size | - | 915 |
| Price | $1.10M | $613.2K |
| Price per sq ft | $884 | $655 |
| Built year | 1973 | 1975 |
| HOA | $915.0 | $646 |
| Days on market | 48 | 111 |
Aug 21, 2026
$1,098,000
$1,175,000
-7% Price Drop
Initial Listing
Jul 23, 2026
$1,175,000
Initial Listing