329 Mariposa Drive, Ventura, California 93001, Ventura, - bed, bath
ACTIVE$1,500,000
329 Mariposa Drive, Ventura, California 93001
4Beds
3Baths
2,235Sqft
9,583Lot
Year Built
1950
Close
-
List price
$1.5M
Original List price
$1.5M
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
V1-33177
Home ConditionPoor
Features
Excellent View: City Lights, Coastline, Mountain(s), Ocean, Panoramic
ViewCity Lights,Coastline,Mountain(s),Ocean,Panoramic
About this home
Panoramic Ocean & Island View Home with Endless Potential. Discover this rare opportunity to own a 4-bedroom, 3-bath coastal retreat offering sweeping ocean and island views. Spanning approximately 2,235 sq. ft. on a 9,583 sq. ft. lot, this 1950-built Diamond in the ruff blends classic character with exceptional promise. Hardwood floors in several rooms. Two sided Fireplace. Enjoy private alley access with room for RV parking, plus an additional storage building for all your gear and hobbies. Owned by the same family for over 55 years, this property is ready for its next chapter. With neighborhood homes valued up to $2.5 million, this residence offers tremendous potential to create your dream coastal haven or an extraordinary investment opportunity.
Nearby schools
4/10
Lincoln Elementary School
Public,•K-5•0.5mi
6/10
Cabrillo Middle School
Public,•6-8•0.4mi
6/10
Ventura High School
Public,•9-12•0.7mi
Price History
Date
Event
Price
10/31/25
Listing
$1,500,000
Neighborhood Comparison
| Subject | Average Home | Neighbourhood Ranking (78 Listings) | |
|---|---|---|---|
| Beds | 4 | 3 | 71% |
| Baths | 3 | 2 | 58% |
| Square foot | 2,235 | 1,615 | 73% |
| Lot Size | 9,583 | 5,662 | 84% |
| Price | $1.5M | $1.07M | 70% |
| Price per square foot | $671 | $743 | 38% |
| Built year | 1950 | 1963 | 37% |
| HOA | $129.5 | ||
| Days on market | 5 | 185 | 1% |
Condition Rating
Poor
Built in 1950 and owned by the same family for over 55 years, this property shows minimal to no significant updates in decades. The kitchen features severely outdated cabinets, tiled countertops, and old appliances (double oven, refrigerator, cooktop). Bathrooms are highly dated with 1950s/60s colored tiles, old fixtures, and inefficient layouts. The heating system appears to be old wall-mounted units. While hardwood floors are present in some areas, the overall condition of key areas like the kitchen and bathrooms necessitates substantial renovation and rehabilitation to meet modern standards and comfort.
Pros & Cons
Pros
Exceptional Panoramic Views: The property boasts sweeping panoramic views of the ocean, islands, coastline, city lights, and mountains, offering a premium aesthetic and significant value.
Significant Upside Potential: Described as a 'Diamond in the ruff' with 'endless potential' in a neighborhood where homes are valued up to $2.5 million, indicating strong investment or customization opportunity.
Generous Lot Size: A substantial 9,583 sq. ft. lot provides ample space for expansion, landscaping, or outdoor living, a valuable asset in a coastal location.
Unique Parking & Storage: Features private alley access with dedicated RV parking space and an additional storage building, offering practical utility and convenience.
Classic Character & History: A 1950-built home, owned by the same family for over 55 years, offers classic character, hardwood floors, and a two-sided fireplace, appealing to those seeking historical charm.
Cons
Age and Renovation Needs: Built in 1950 and described as a 'Diamond in the ruff,' the property likely requires significant updates and renovations to modernize and maximize its potential, incurring additional costs.
Listing Price Above Estimated Value: The current listing price of $1.5 million is 10% above the estimated property value of $1.348 million, which may be perceived as a premium for its potential and views rather than immediate equity.
Implied Lack of Modern Amenities: The property's age and 'Diamond in the ruff' status suggest it may lack modern amenities, energy efficiencies, or updated systems (e.g., HVAC, electrical, plumbing), potentially leading to higher operating costs or further renovation needs.