
Capitola, California 95010
This Turnkey Coastal Residence is a Strong Value Opportunity, listed at $1,075,000—positioned well below the $1,175,000 Fair Market Value by 8%. This valuation gap offers $100,000 in Instant Equity for the buyer. Featuring a Mint Condition Rating with a high-end remodel, smart home technology, and Sweeping Monterey Bay Views, this property 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 3 bd · 2 ba · 1,242 sqft · $844 | $1,048,000* List Price | 3 | 2 | 1,242 | $844 | - |
A 850 Park Avenue 15c Active Under Contract 3 bd · 2 ba · 1,242 sqft · $804 · 0.1 mi | $999,000 List Price | 3 | 2 | 1,242 | $804 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although built in 1973, the residence has undergone a comprehensive high-end remodel featuring designer finishes, integrated smart home technology, and modern flooring. The interior is in mint, move-in ready condition consistent with a renovation completed within the last 5 years.
The property offers sweeping, unobstructed views of Monterey Bay and the coastline from a private balcony, a premium feature that significantly enhances its market appeal.
The interior has been beautifully updated with designer finishes, quality craftsmanship, and integrated smart home technology, providing a move-in-ready luxury experience.
Residents benefit from a resort-style atmosphere with access to a pool, spa, fitness center, and sauna, all located just moments from Capitola Village.
The association fee is $915 per month, which is a significant recurring expense that may impact buyer affordability and overall investment yield.
The property has been on the market for 55 days and has undergone two price reductions, suggesting initial overpricing or a disconnect with current buyer demand.
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 | 865 |
| Lot Size | - | 871.333 |
| Price | $1.05M | $608.2K |
| Price per sq ft | $844 | $647 |
| Built year | 1973 | 1975 |
| HOA | $915.0 | $644 |
| Days on market | 93 | 116 |
Oct 11, 2026
$1,048,000
$1,075,000
-3% Price Drop
Initial Listing
Sep 16, 2026
$1,075,000
$1,098,000
-2% Price Drop
Initial Listing
Aug 21, 2026
$1,098,000
$1,175,000
-7% Price Drop
Initial Listing
Jul 23, 2026
$1,175,000
Initial Listing