9120 Balboa Avenue 12, San Simeon, California 93452, San Simeon, 93452 - 2 bed, 2 bath
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San Simeon, California 93452
This Coastal Value-Add Condominium is listed at $800,000, currently exceeding the $619,644 Fair Market Value. The property carries a Fair Condition Rating, with the listing explicitly highlighting renovation potential to modernize its original 1980s interior. Located in the exclusive Seagate Court, the asset features an Expansive Ocean View and a private patio just steps from the Pacific. With 176 days on market, it offers a strategic negotiation window for buyers to align the acquisition with local benchmarks. This is an ideal project for Value-Add Investors or Contractors looking to create a bespoke retreat in the Coast Unified district.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 9120 Balboa Avenue 12 Subject | $800,000* List Price | 2 | 2 | 1,125 | $551 | - |
A 540 Pico Avenue 110 Sold | $665,750 | 2 | 2 | 1,218 | $547 | 0.4 mi |
B 9355 Jasper Active | $649,000 List Price | 3 | 3 | 1,272 | $510 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1980, the property is functional but significantly outdated, featuring original dark wood kitchen cabinetry, laminate countertops, and older appliances. The interior shows signs of wear, including stained carpeting, and the listing explicitly mentions renovation potential, placing it firmly in the fair category.
Situated in the exclusive Seagate Court complex, this property is just steps from the Pacific Ocean and minutes from iconic landmarks like Hearst Castle and the charming village of Cambria.
The private patio offers stunning, expansive views of the Pacific horizon, providing a high-value aesthetic that is a hallmark of premium Central Coast real estate.
The 1,125-square-foot floor plan is thoughtfully designed for accessibility and comfort, featuring an open living area with a fireplace and an oversized primary suite with a walk-in closet.
The property is noted for its 'renovation potential' and was built in 1980, suggesting that significant updates may be required to modernize the space and maximize its market value.
With 176 days on the market and multiple price reductions from the original $845,000 listing, the property has faced challenges in securing a buyer, which may affect future negotiation leverage.
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 | $800.0K | $732.9K | 50% |
| Price per sq ft | $711 | $629 | 50% |
| Built year | 1980 | 1984 | 50% |
| HOA | $310.0 | $290 | 50% |
| Days on market | 182 | 195 | 50% |
Mar 19, 2026
$800,000
$825,000
-3% Price Drop
Initial Listing
Feb 26, 2026
$825,000
Initial Listing
Oct 22, 2025
$845,000
Initial Listing
Nov 17, 1994
$161,000
Public Record