
San Simeon, California 93452
This Coastal Value-Add Condominium is listed at $800,000, representing a strategic entry point near the $761,188 Fair Market Value given its rare shoreline proximity. Currently holding a Fair Condition Rating, the asset features a Panoramic Ocean View and a private patio within the exclusive Seagate Court complex. The 1,125-square-foot layout provides significant forced appreciation potential through a full interior rehab of the original 1980s finishes and dated kitchen. Situated in the Coast Unified district near Hearst Castle, this asset is an ideal project for Value-Add Investors or Contractors seeking a high-upside coastal retreat.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 9120 Balboa Avenue 12 Subject | $779,900* List Price | 2 | 2 | 1,125 | $677 | - |
A 9120 Balboa Avenue 12 Active | $800,000 List Price | 2 | 2 | 1,125 | $711 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1980 (44 years old) with no significant renovations. The kitchen features original dark wood cabinetry and dated fluorescent light boxes, while the carpeting shows visible staining and wear. The listing explicitly mentions 'renovation potential,' indicating the unit needs a full interior rehab to meet modern standards.
Situated just steps from the Pacific Ocean and minutes from Hearst Castle and Cambria, this property offers an exceptional location for coastal living and recreation.
The private patio and open living spaces provide beautiful views of the Pacific Ocean, a premium feature that significantly enhances the home's appeal.
The 1,125-square-foot floor plan is thoughtfully designed with an oversized primary suite, walk-in closet, and skylights, offering both comfort and accessibility.
The listing highlights 'renovation potential,' suggesting that the interior may require significant updates to meet modern aesthetic and functional standards.
Built in 1980, the property and its systems may require more frequent maintenance or capital improvements compared to newer coastal developments.
Discover coastal living at its finest in this charming single-level condo nestled within the exclusive Seagate Court complex. Just steps from the Pacific Ocean, this delightful retreat offers the perfect blend of comfort and convenience that makes every day feel like a vacation. The open floor plan creates an inviting atmosphere where natural light dances through the living spaces, while a cozy fireplace anchors the main area for those perfect California evenings. Step onto your private patio to savor stunning ocean views that stretch endlessly toward the horizon. The thoughtfully designed layout features two comfortable bedrooms and two full bathrooms. The oversized primary bedroom provides a peaceful sanctuary complete with a generous walk-in closet, while the guest bathroom boasts a charming skylight that bathes the space in natural illumination. The iconic Hearst Castle sits nearby, offering cultural enrichment and historical grandeur. The quaint village of Cambria awaits just minutes away, while Pico Creek Beach provides additional coastal recreation opportunities. This 1,125-square-foot condo represents an exceptional opportunity to own a piece of California's spectacular Central Coast, where renovation potential meets unparalleled natural beauty.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,125 | 1,171.5 | 50% |
| Lot Size | 1,125 | 1,171.5 | 50% |
| Price | $779.9K | $722.8K | 50% |
| Price per sq ft | $693 | $620 | 50% |
| Built year | 1980 | 1984 | 50% |
| HOA | $310.0 | $290 | 50% |
| Days on market | 44 | 149 | 50% |
May 14, 2026
$779,900
$800,000
-3% Price Drop
Initial Listing
Apr 23, 2026
$800,000
Initial Listing
Nov 17, 1994
$161,000
Public Record