36 Playa Azul, Avalon, California 90704, Avalon, 90704 - 2 bed, 2 bath

36 Playa Azul, Avalon, California 90704 home-pic-0
ACTIVE$1,295,000
36 Playa Azul, Avalon, California 90704
2Beds
2Baths
1,527Sqft
806,665Lot
Year Built
1991
Close
-
List price
$1.29M
Original List price
$1.39M
Price/Sqft
$848
HOA
$1,823
Days on market
-
Sold On
-
MLS number
OC25123830
Home ConditionFair
Features
Excellent View: Catalina, Hills, Mountain(s), Ocean
Deck
ViewCatalina, Hills, Mountain(s), Ocean

About this home

We found 3 Cons,5 Pros. Rank: price - $1.29M(73th), sqft - 1527(73th), beds - 2(50th), baths - 2(50th).

Spectacular Hamilton Cove two bedroom, two bath villa boasting 1,527 sq. ft.. This beautifully furnished, ocean view, corner unit is two levels. Enter on the upstairs level to a large living room, with a wood burning fireplace, and a large wrap around patio with ocean views. Lots of windows bring plenty of light to this villa. The dining room is right off of the living room with a set of french doors leading to the patio. The kitchen is open and airy and includes a breakfast bar, all overlooking the dining and living rooms. It boasts Mahogany cabinets and doors, 4 burner stove and oven, microwave, dishwasher, refrigerator,and trash compactor. There is a separate laundry closet with side by side washer and dryer and mahogany cabinets for storage. The guest bathroom has a single sink and large stall shower. The guest bedroom, with mirrored wardrobe closet, has a ocean view from the bed. Heading down stairs is the entire Master Suite, with plenty of room, large walk in closet, lots of windows and a set of french doors that open to a covered private patio. The Master bathroom has dual sinks, separate tub, and water closet with a walk in shower. there is also a private entrance to the Master bedroom form the outside stair well. This property is currently a vacation rental and has a one time transferable rental license, and comes completely furnished and includes a golf cart for your transportation needs.

Price History

Date
Event
Price
09/23/25
Price Change
$1,295,000-6.5%
06/03/25
Listing
$1,385,000
Condition Rating
Fair

The property, built in 1991, is 33 years old. While it is well-maintained and presented as a functional vacation rental, the kitchen and bathroom finishes are notably dated. The kitchen features tile countertops, mahogany cabinets, and older-style appliances (e.g., black dishwasher). Bathrooms have white tiled showers and standard fixtures, consistent with the property's age or an older renovation. The flooring (laminate and carpet) and light fixtures are functional but not modern. The property is in good working order but requires minor updates to bring its style up to current standards, fitting the 'Fair' condition criteria.
Pros & Cons

Pros

Panoramic Ocean Views: The property boasts exceptional, multi-directional views of the ocean, Catalina Island, and surrounding hills from its wrap-around patio and master suite, significantly enhancing its appeal.
Turnkey Vacation Rental Opportunity: Offered fully furnished with a transferable vacation rental license and an included golf cart, this property presents an immediate and attractive income-generating asset.
Luxurious & Private Master Suite: The dedicated lower-level master suite features generous space, a walk-in closet, a spa-like bathroom with dual sinks and separate tub/shower, a private covered patio, and a separate exterior entrance.
Modern & Open Concept Interior: An open and airy kitchen with a breakfast bar, mahogany cabinetry, and modern appliances seamlessly integrates with the dining and living areas, ideal for entertaining.
Corner Unit with Abundant Natural Light: As a corner unit, the villa benefits from numerous windows throughout, ensuring bright, light-filled interiors and enhancing the overall living experience.

Cons

Substantial Monthly Association Fee: The high monthly association fee of $1,823 significantly adds to the cost of ownership and could impact cash flow for investors or overall affordability for buyers.
Recent Price Reduction: A recent price reduction from $1.385M to $1.295M may indicate initial overpricing or slower market demand, potentially affecting perceived value or future appreciation.
Condominium Ownership Limitations: As a condominium, the property is subject to HOA rules and shared common areas, which may limit personal modifications and offer less privacy compared to a detached home.

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