5331 Wavecrest Way Oxnard CA-large-002-0
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5331 Wavecrest Way, Oxnard, CA 93035

$2.4M3bd · 4ba · 3,701 sqft
Lot 4,374 sqft•Single Family Residence•
Active
•184d on market•MLS# V1-35731

Property Description

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!

Features & Amenities

Oxnard Shores 6 - 1216FeeBuilt 1991

Property Details

Subdivision
Oxnard Shores 6 - 1216
Land Type
Fee
Year Built
1991
Property Type
Residential
Property Subtype
Single Family Residence
Garage Spaces
2
Heating
Forced Air
Cooling
None
View
Mountain(s), Ocean
Flooring
Carpet, Stone, Tile
City
Oxnard
Zip Code
93035
County
Ventura
Listed byRE/MAX Gold Coast-Beach Marina Office, Desti Centineo

Mortgage Calculator

Current Rates

$
$
%
Monthly Payment
$12,135.71
Principal & Interest
Loan Amount
$1,920,000
Total Interest
$2,448,854
Total Payment Over 30 Years
$4,368,854
This calculator provides estimates only. Actual mortgage payments may include taxes, insurance, HOA fees, and PMI. Contact a lender for accurate quotes.

Comparative Market Analysis

Luxury Tier · 5 active · 5 closed

5331 Wavecrest Way, Oxnard, CA 93035

Oxnard Shores 6 - 1216 · Oxnard · Single Family Residence

$2.4M
Luxury Tier
Beds
3
Baths
4
Sqft
3,701
Lot
4,374 sqft
Year
1991
$/Sqft
$648
Pool: No✓
Spa: Yes✓
View: mountain✓
Garage: 2-car✓

Listed 6.2% below the median closed sale of $2,560,000. Price per sqft ($648) is a 12% discount to closed comps ($738). Luxury tier — fewer comparable sales widen the confidence range.

Price Position

Priced below the market — value advantage over the field.

Price advantage
Subject listed at $2.40M· $648/sqft
Total list price
Closed comps
vs closed median $2.56M
−$160K (−6.3%)
Active comps
vs active median $3.26M
−$859K (−26.4%)
Price per sqft
Closed compsinsufficient comp data
Active comps
vs active avg $/sqft $959
−$311 (−32.5%)

Active Properties (5)

Active Comparables

AddressCityYearBDBTHSqFtLotSzLP/SqFtLPDIMScore
2150 Napoli DriveOxnard1985433,9534,791$631$2.50M8566
3300 Ocean DriveOxnard2007343,9002,712$836$3.26M46463
3927 Hemlock StreetOxnard2007443,5746,057$769$2.75M7263
3405 Ocean DriveOxnard1991333,5392,613$1,129$4.00M37963
4015 Ocean DriveOxnard2006453,4872,625$1,432$5.00M1761
Total: 5 · Average3.63.83,690.63,759.6$959.4$3.50M203.4
Median3,574$3.26M

Closed Properties (5)

Closed Comparables

AddressCityYearDateBDBTHSqFtLotSzLPSPSP/SqFtSP/LPDIMScore
5142 Marlin WayOxnard198505/27/2026453,3273,920$2.37M$2.33M$7000.987665
4127 HemlockOxnard200709/24/2026443,5746,098$3.17M$3.00M$8390.953562
2014 Peninsula RoadOxnard198409/14/2026433,4453,920$2.79M$2.56M$7430.929254
1464 Twin Tides PlaceOxnard200509/25/2026443,4475,227$2.55M$2.40M$6960.9417453
2120 GreencastleOxnard202007/23/2026444,2004,935$3.00M$3.00M$7141.002052
Total: 5 · Average4.04.03,598.64,820$2.66M$2.66M$738.4—79.4
Median3,447$2.56M$2.56M

Market Analysis

List vs Sale $/SqFt

Sale Price Trend

Days on Market

Sale vs List Price

AI-generated CMA

This analysis was generated automatically from MLS data. For an in-depth, human-reviewed valuation, contact Joseph Sardella at josephsardella@gmail.com.