5331 Wavecrest Way, Oxnard, California 93035, Oxnard, - bed, bath

home-pic
ACTIVE$2,720,000
5331 Wavecrest Way, Oxnard, California 93035
3Beds
4Baths
3,701Sqft
4,374Lot
Year Built
1991
Close
-
List price
$2.72M
Original List price
$2.82M
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
V1-30285
Home ConditionFair
Features
Excellent View: Mountain(s), Ocean
Deck
ViewMountain(s), Ocean

About this home

Welcome to Mandalay Shores, your personal paradise on one of Ventura County's most breathtaking beaches. This magnificent custom-built, three-story, 3,700 sq. ft. home offers everything you've dreamed of in coastal living, w/panoramic ocean & mountain views, & a rooftop deck perfect for savoring stunning sunsets every evening. Ideally located above Channel Islands Harbor--your gateway to the Channel Islands National Park & halfway between Malibu and Santa Barbara, you'll enjoy a lifestyle filled w/adventure. Whether it's kayaking, paddleboarding, boating, golfing, or wine tasting, this location gives you easy access to endless outdoor activities, yacht clubs, shopping, & dining.Designed w/comfort & elegance in mind, this home is just one house away from Mandalay Beach Road & boasts an oversized driveway accommodating up to 5 cars, a large garage, & a grand marble entry. Step inside to find an abundance of natural light, recessed lighting, & designer fixtures throughout. The first-floor guest quarters offer a private sanctuary, w/a cozy family room, 2 bedrooms, 2 en-suite bathrooms, all opening to a spacious backyard. Perfect for entertaining, the backyard features mature eucalyptus trees & a gated pathway to the beach--ideal for hosting family gatherings or intimate get-togethers.The second level presents a grand living space w/vaulted ceilings and skylights, filling the two-story living room w/natural light. A raised hearth fireplace & decorative windows add to the charm. The adjacent dining room offers peekaboo ocean views, while the chef's kitchen, complete w/a large island, walk-in pantry, and bar seating, becomes the heart of the home. The massive primary suite features double doors, a private balcony, a double-sided fireplace, & a luxurious en-suite bath with an oversized shower, jacuzzi tub, & large closet.On the third level, you'll find an open loft w/built-in seating, a fireplace, a wet bar w/fridge, & even more windows showcasing gorgeous views. Step outside onto the balcony or ascend to the fourth-level rooftop deck--your ultimate retreat for outdoor entertaining. Whether you're enjoying your morning coffee with the sound of waves or unwinding with a glass of wine at sunset, this top deck offers the best of coastal living.With endless indoor & outdoor spaces designed for relaxation & entertainment, this home is the perfect vacation retreat or forever home. Come for a day stay for a lifetime!

Nearby schools

5/10
Christa Mcauliffe Elementary School
Public,K-51.8mi
3/10
Emilie Ritchen Elementary School
Public,K-53.0mi
3/10
Fremont Intermediate School
Public,6-83.3mi
5/10
Oxnard High School
Public,9-122.5mi
9/10
Rancho Campana High
Public,9-1213.2mi

Price History

Date
Event
Price
10/04/25
Price Change
$2,720,000-3.5%
05/29/25
Listing
$2,820,000
Neighborhood Comparison

 SubjectAverage HomeNeighbourhood Ranking (89 Listings)
Beds33
50%
Baths42
84%
Square foot3,7011,786
97%
Lot Size4,3743,920
67%
Price$2.72M$1.3M
86%
Price per square foot$735$719.5
51%
Built year19919880989
69%
HOA
Days on market159182
33%
Condition Rating
Fair

Built in 1991, this custom home is exceptionally well-maintained and appears to have all major systems in functional condition. However, the interior design, especially the kitchen and bathrooms, is significantly dated. The kitchen features 1990s-style white cabinetry with gold hardware, white solid surface countertops, and dated tile flooring. The bathrooms also exhibit a 90s aesthetic with large jetted tubs, dated vanities, and tile choices. While clean and functional, these areas would require substantial cosmetic updates to align with current trends and buyer expectations. The extensive use of light-colored carpet in main living areas also contributes to an outdated feel. The property fits the 'Fair' category as it is aged but maintained, with major components functional but showing clear signs of being outdated, requiring minor to moderate updates.
Pros & Cons

Pros

Prime Coastal Location & Views: Situated in Mandalay Shores, just one house away from the beach, offering panoramic ocean and mountain views, and a dedicated rooftop deck for stunning sunsets.
Luxurious Custom-Built Residence: A spacious 3,700 sq. ft., three-story custom home featuring high-end finishes, vaulted ceilings, abundant natural light, and designer fixtures throughout.
Exceptional Entertainment Spaces: Designed for entertaining with multiple indoor and outdoor areas, including a chef's kitchen, wet bar, balconies, and a fourth-level rooftop deck.
Direct Beach Access & Outdoor Living: Features a spacious backyard with mature trees and a gated pathway providing direct access to Mandalay Beach, enhancing the coastal lifestyle.
Ample Parking & Upscale Amenities: Offers an oversized driveway accommodating up to 5 cars, a large garage, and a luxurious primary suite with a private balcony, double-sided fireplace, and jacuzzi tub.

Cons

Compact Lot Size: The 4,374 sq. ft. lot is relatively small for a 3,700 sq. ft. residence, which may limit expansive private outdoor space beyond the direct beach access.
Varied School Performance & Proximity: While some high schools are well-rated, local elementary and middle schools have lower ratings (3-5), and some top-rated schools are a considerable distance away.
Recent Price Adjustment: A recent price reduction from the original listing price could indicate initial overpricing or slower market absorption, potentially affecting perceived value.

Best solution for experienced home buyers!

Data-driven home buying experience with our licensed real estate agents and cutting-edge AI

Browse Properties by State Browse market stats by State