950 Portola, Del Rey Oaks, California 93940, Del Rey Oaks, 93940 - 3 bed, 2 bath
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950 Portola
Del Rey Oaks, California 93940
ACTIVE
CONDITION: GOOD
3Beds
2Baths
1,176Sq Ft
7,989Lot Size
Property Price
LIST PRICE$1,125,000
EST. MARKET VALUE
$1,085,914
3% AboveMARKET VALUE
SUMMARY
This Single Family Residence is a Strong Value Opportunity, listed at $1,125,000—positioned well above the $1,085,915 Fair Market Value by -3%. Featuring a Condition Rating of 3, the home offers a move-in ready interior, a modern cable-rail deck, and scenic canyon views. While the living space is compact, the expansive 7,989-square-foot lot provides significant potential. Located just 0.25 miles from a top-rated elementary school, this property balances coastal lifestyle with long-term stability. It is an ideal acquisition for Owner-Occupants or first-time buyers seeking a well-maintained Monterey Peninsula home.
Estimated Market Value
$1,085,914
Based on Realkey algorithm analyzing recent comparable sales in Del Rey Oaks.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 950 Portola Subject | $1,125,000* List Price | 3 | 2 | 1,176 | $923 | - |
A 1 Serrano Way Sold | $855,000 | 2 | 1 | 863 | $991 | 0.2 mi |
B 217 Edinburgh Avenue Sold | $900,000 | 2 | 1 | 958 | $939 | 0.8 mi |
C 345 Sequoia Avenue Sold | $790,000 | 2 | 2 | 1,080 | $731 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
While originally built in 1952, the property is described as beautifully maintained and appears move-in ready. Photos show a modern cable-rail deck extension and clean interior finishes like updated carpeting and paint, suggesting periodic updates within the 5-15 year range that maintain functionality and aesthetic appeal.
PROSSTRENGTHS & OPPORTUNITIES
- High Available Lot Utilization
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7989, living area = 1176.
- Scenic Views & Prime Location
Nestled in the sought-after Del Rey Oaks community, the property offers diverse views of canyons, mountains, and city lights, providing a tranquil and high-value coastal setting.
- Expansive Lot Size
The generous 7,989-square-foot lot is significantly larger than the home's footprint, offering rare potential for outdoor living, landscaping, or future structural expansion.
CONSRISKS & DEFICIENCIES
- Compact Living Space
With only 1,176 square feet of living area for a three-bedroom configuration, the interior may feel small for modern buyer expectations and growing families.
- Middle School Performance
The assigned middle school, Walter Colton, carries a low rating of 3, which may be a drawback for education-focused buyers and could impact long-term appreciation.
About 950 Portola
Welcome to 950 Portola Ave, a charming 3-bedroom, 2-bathroom residence in the beautiful coastal town of Del Rey Oaks, CA. Nestled on a quiet residential street, 950 Portola Ave offers an exceptional opportunity to own a beautifully maintained single-family residence in one of the Monterey Peninsula's most desirable neighborhoods. Set on a spacious lot, the home blends timeless character with comfortable living, featuring inviting indoor and outdoor spaces ideal for everyday living, entertaining, and enjoying the area's mild year-round climate. Whether as a primary residence, vacation retreat, or long-term investment, 950 Portola Ave presents a rare opportunity to enjoy the highly sought-after Monterey Peninsula lifestyle.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1952
- Lot Size
- 7,989 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Del Rey Oaks Unified Schools
Del Rey Woods Elementary School
Grades K-5 • 0.3 mi
7/10
Foothill Elementary School
Grades K-5 • 1.4 mi
6/10
Walter Colton
Grades 6-8 • 3.9 mi
3/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 2.8 |
| Baths | 2.0 | 1.5 |
| Square foot | 1,176 | 1,398.5 |
| Lot Size | 7,989 | 6,946.75 |
| Price | $1.12M | $936.6K |
| Price per sq ft | $957 | $769 |
| Built year | 1952 | 1952 |
| HOA | $0 | $0 |
| Days on market | 48 | 93 |
Pricing History
Listed for Sale
Jul 23, 2026
$1,125,000
Initial Listing
Sold
Apr 18, 2024
$998,000
Public Record