Score
0Pismo Beach, CA
148 Santa Fe Ave
1.9M
4 beds
3 baths
1,770 sqft
4 bd • 3 ba • 1,770 sf
This analysis was generated on 1/24/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.
List Price
$1,895,000
Price/Sq.Ft
$1,071
Year Built
2008
AI Property Analysis
A comprehensive evaluation of this property's features, market position, and investment potential.
The Good
This luxurious Shell Beach property at 148 Santa Fe Ave boasts an exceptional location on the coveted west side, just steps from the ocean. Built in 2008, it offers modern amenities and high-end finishes throughout its 1,770 sqft. The $1,070/sqft price is justified by its prime location and luxury features. Highlights include a gourmet kitchen with granite countertops and high-end appliances, an open-concept family room with soaring ceilings, and a rooftop deck with a hot tub and panoramic ocean views. The property's flood risk score of 1/10 is significantly better than many coastal properties. Its proximity to Shell Beach Elementary School (rated 8/10 and just 0.4 miles away) adds value for families. The home's rental potential is strong, with 4-bedroom homes in the area commanding around $3,750/month as of 2023.
The Bad
At $1,895,000, this property is priced significantly above the median income for the area ($94,268), limiting the pool of potential buyers. The price per square foot ($1,070) is high even for the area, potentially making it vulnerable in a market downturn. The home's size (1,770 sqft) is relatively modest for a 4-bedroom property, which may deter some luxury buyers seeking more space. The property has a major fire risk (5/10) and air quality risk (6/10), which could lead to higher insurance premiums and potential health concerns. The estimated insurance cost of $6,822/year is substantial and will impact the total cost of ownership significantly.
The Ugly
The property's price history shows extreme volatility, with listings ranging from $819,000 to $8,450,000 between 2011 and 2013. This erratic pricing suggests potential market instability or valuation challenges. The current list price of $1,895,000 represents a 131% increase from its 2013 sale price of $820,000, which may be unsustainable. The home's location in a tourist hotspot means potential issues with noise, traffic, and parking, especially during peak seasons. The proximity to Highway 1 could also contribute to noise pollution. Climate change poses long-term risks, including potential sea-level rise and increased coastal erosion, which could impact property value and insurance costs in the future.
Who is this property for?
These details are presented solely for entertainment purposes and are not meant to steer or limit any prospective buyer.
Best For
This property is best suited for high-net-worth individuals or families with annual incomes exceeding $400,000, based on conventional mortgage qualification standards. It's ideal for those seeking a luxury coastal lifestyle with stunning ocean views and high-end amenities. The property would appeal to buyers who prioritize location over square footage and are willing to pay a premium for Shell Beach's desirable west side. It's also suitable for investors looking for a high-end vacation rental property, given the strong rental market for luxury homes in the area. The home's modern features and low maintenance requirements (built in 2008) make it attractive to second-home buyers or retirees looking for a turnkey coastal property.
Not For
This property is not suitable for first-time homebuyers or those with moderate incomes, given its high price point and ongoing costs. Families requiring more than 1,770 sqft of living space may find the layout constraining despite the 4-bedroom count. Investors seeking immediate positive cash flow might struggle given the high purchase price relative to potential rental income. Those with respiratory issues or sensitivities should be cautious due to the major air quality risk (6/10). Buyers uncomfortable with the long-term risks associated with coastal properties (erosion, sea-level rise) should look elsewhere. Additionally, it's not ideal for those seeking a quiet, non-touristy neighborhood, as Shell Beach is a popular destination.
Demographics
Area Median Income
$94,268
Property History
Price History
Ownership Timeline
$0Cash Purchase
Oct 25, 2021Toney R BreaultToney R Breault, Toney R Breault Separate Property Trust
Intrafamily Transfer
Non-Arm's Length Transactions
$0Cash Purchase
Sep 15, 2014Ana BreaultToney R Breault
Intrafamily Transfer
Non-Arm's Length Transactions
$820,000Financed
Jun 24, 2013Ronald L PenirT Breault Holdings Llc
Grant Deed
Non-Residential Arm's Length Transactions
$0Cash Purchase
Aug 18, 2008Deborah S PenirRonald L Penir
Intrafamily Transfer
Non-Arm's Length Transactions
Property Taxes
$10,628
2024 Tax Assessment
1.2%from previous year
Assessed Value$985,489
Tax Rate1.08%
Sunlight Analysis
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Sunlight Analysis
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Schools
Nearby school quality by education level
Elementary
7.0/10
GoodMiddle
5.0/10
AverageHigh
6.0/10
GoodFinancials
Monthly Costs
Market Rent (4 bed)
Get a detailed estimate on Zillow$1,660
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Location & Comparables
Subject Property
Comparable Sales
Subject Property
Price
$1,895,000
Price/sqft
$1,071
Layout
4 bd•3 ba
Days on market
59 daysat time of analysis
Stats in the Area
Based on 6 comparable properties nearby
Average Price
$932,500
103.2%
Your price is 103.2% above average
Median Price
$825,000
129.7%
Based on 6 recent sales
Price per Sq.Ft
$518
106.7%
Your price is 106.7% above average $/sqft
Comparable Properties
| Address | Price | Sq.Ft | Beds | Baths | $/Sq.Ft | Sale Date |
|---|---|---|---|---|---|---|
| 1327 Costa Brava, Pismo Beach, CA 93449 | $780,000 | 1,769 | 3 | 3 | $44158.8% | 9/24/2024 |
| 1943 Barcelona, Pismo Beach, CA 93449 | $575,000 | 1,682 | 3 | 3 | $34268.1% | 9/24/2024 |
| 326 Capistrano Avenue, Pismo Beach, CA 93449 | $825,000 | 1,863 | 3 | 3 | $44358.6% | 9/25/2024 |
| 374 Placentia Avenue, Pismo Beach, CA 93449 | $1,100,000 | 1,866 | 3 | 3 | $58944.9% | 9/24/2024 |
| 239 Capistrano Avenue, Pismo Beach, CA 93449 | $795,000 | 1,900 | 3 | 3 | $41860.9% | 9/24/2024 |
| 2201 Shell Beach Road #1, Pismo Beach, CA 93449 | $1,520,000 | 1,741 | 3 | 3 | $87318.5% | 8/27/2024 |
1327 Costa Brava, Pismo Beach, CA 93449
Price: $780,000
Sq.Ft: 1,769
Beds/Baths: 3/3
$/Sq.Ft:
$44158.8%
Sale Date: 9/24/2024
1943 Barcelona, Pismo Beach, CA 93449
Price: $575,000
Sq.Ft: 1,682
Beds/Baths: 3/3
$/Sq.Ft:
$34268.1%
Sale Date: 9/24/2024
326 Capistrano Avenue, Pismo Beach, CA 93449
Price: $825,000
Sq.Ft: 1,863
Beds/Baths: 3/3
$/Sq.Ft:
$44358.6%
Sale Date: 9/25/2024
374 Placentia Avenue, Pismo Beach, CA 93449
Price: $1,100,000
Sq.Ft: 1,866
Beds/Baths: 3/3
$/Sq.Ft:
$58944.9%
Sale Date: 9/24/2024
239 Capistrano Avenue, Pismo Beach, CA 93449
Price: $795,000
Sq.Ft: 1,900
Beds/Baths: 3/3
$/Sq.Ft:
$41860.9%
Sale Date: 9/24/2024
2201 Shell Beach Road #1, Pismo Beach, CA 93449
Price: $1,520,000
Sq.Ft: 1,741
Beds/Baths: 3/3
$/Sq.Ft:
$87318.5%
Sale Date: 8/27/2024
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