NOT LISTED FOR SALE

Estimated Value: $4,130,000 - $4,524,000

4 Beds
3 Baths
1,974 Sq Ft
$2,163/Sq Ft Est. Value

Last Sold September 04, 2024

Last sale price $4,500,000 $2,280 Per Sq Ft

Est. 4% decrease in value since last sale

Current estimated payment $25,981/month

144 Days on Market

Highlights

  • Ocean View
  • Main Floor Bedroom
  • Balcony
  • Aptos High School Rated A-
  • Quartz Countertops
  • 1 Car Attached Garage

About This Home

As of September 2024

Come experience coastal magic at this stunning beachfront property in Rio Del Mar, California. Originally built in the 1940s, this Spanish Mediterranean inspired home has been impeccably updated over the years. The homes adobe exterior, low pitched tile roof, and interior exposed beams mesh beautifully with the raw Monterey Bay landscape. A large upstairs balcony allows one to find solitude above the beach, while the downstairs patio and backyard BBQ are perfect for hosting social gatherings with friends and family. Large, rich wood trimmed windows reveal expansive ocean views from nearly every room in the home. The beachside property has four bedrooms, three full baths, two living rooms, and multiple outdoor entertainment options. An attached single-car garage provides ample storage for beach toys, bikes, and wetsuits. With surfing, stand-up paddling, and beach volleyball all steps away, maintaining an active lifestyle has never been easier. Modern coastal living meets old-world charm at 431 Beach Drive.

Last Agent to Sell the Property

Bret Ziscke

Bailey Properties License #01413081 Listed on: 03/28/2024

Last Buyer's Agent

Todd Brown

Intero Real Estate Services License #01863454

Intero Real Estate Services

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1942

Lot Details

  • 7,884 Sq Ft Lot
  • Level Lot
  • Back Yard
  • Zero Lot Line
  • Zoning described as R-1-8

Parking

  • 1 Car Attached Garage
  • Off-Street Parking

Property Views

  • Ocean
  • Bay

Home Design

  • Tile Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,974 Sq Ft Home
  • Gas Fireplace
  • Double Pane Windows
  • Separate Family Room
  • Living Room with Fireplace
  • Combination Dining and Living Room

Kitchen

  • Gas Oven
  • Dishwasher
  • Quartz Countertops
  • Disposal

Flooring

  • Stone
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Main Floor Bedroom
  • Bathroom on Main Level
  • 3 Full Bathrooms
  • Walk-in Shower

Laundry

  • Laundry in unit
  • Washer and Dryer

Outdoor Features

  • Balcony
  • Barbecue Area

Utilities

  • Forced Air Heating System
  • Radiant Heating System
  • Tankless Water Heater

Listing and Financial Details

  • Assessor Parcel Number 043-105-17-000

Home Details

Home Type

Single Family

Year Built

Built in 1942

Lot Details

0

Parking

1

Listing Details

  • Subclass: Single Family Home
  • Listing Class: Residential
  • Structure Sq Ft: 1974
  • Year Built: 1942
  • Zoning Description: R-1-8
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Family Room: Separate Family Room
  • Fireplace: Gas Burning, Living Room
  • Dining Room: Dining Area in Living Room
  • Kitchen: Countertop - Quartz, Dishwasher, Dual Fuel, Garbage Disposal, Oven Range - Gas, Pantry, Refrigerator
  • Living Sq Ft: 1974
  • Bedrooms: Ground Floor Bedroom, More than One Bedroom on Ground Floor
  • Laundry: Inside, Washer / Dryer
  • Flooring: Stone, Tile
  • Fireplaces Min: 1
  • Full Bathrooms: 3
  • Total Bedrooms: 4
  • Bathroom: Full on Ground Floor, Primary - Stall Shower(s)
  • Fireplace: Yes

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Tile
  • View: Bay, Ocean, Water, Water Front
  • Yard/Grounds: Back Yard, Balcony / Patio, BBQ Area

Garage/Parking

  • Garage Spaces: 1
  • Parking Spaces: 1
  • Garage Parking Features: Attached Garage, Off-Street Parking

Utilities

  • Heating System: Central Forced Air - Gas, Fireplace, Forced Air, Radiant
  • Sewer/Septic System: Sewer - Public

Schools

  • High School: 826

Lot Info

  • Lot Description: Grade - Level, Views, Zero Lot Line
  • Parcel Number: 043-105-17-000
  • Lot Acres: 0.1810
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 7884.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 7884.00

Green Features

  • Energy Features: Double Pane Windows, Tankless Water Heater

Multi Family

  • Utilities: Public Utilities

MLS Schools

  • High School District Text: Pajaro Valley Unified
  • High School Text: Aptos High
  • Middle School Text: Aptos Junior High

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 27, 2025
Sold by
Laura Spillman Family Trust and Spillman Laura
Bought by
Laura Spillman Family Trust and Spillman
Current Estimated Value
$4,335,306

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$650,000
Outstanding Balance
$648,891
Interest Rate
6.81%
Mortgage Type
New Conventional
Estimated Equity
$3,620,612

Purchase Details

Listed on
Mar 28, 2024
Closed on
Aug 29, 2024
Sold by
Sauer Family Trust and Sauer Thomas James
Bought by
Laura Spillman Family Trust and Spillman
Seller's Agent
Bret Ziscke
Bailey Properties
Buyer's Agent
Todd Brown
Intero Real Estate Services
List Price
$5,330,000
Sold Price
$4,500,000
Premium/Discount to List
-$830,000
-15.57%
Views
84

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-3.99%

Purchase Details

Closed on
May 25, 2016
Sold by
Sauer Thomas J and Sauer Anne M
Bought by
The Sauer Family Trust

Purchase Details

Closed on
Jul 10, 2007
Sold by
Larussa Melvin J and Larussa Carolyn A
Bought by
Sauer Thomas J and Sauer Anne M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$999,990
Interest Rate
6.37%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 9, 2003
Sold by
Larussa Melvin J
Bought by
Larussa Melvin J and Larussa Carolyn A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$458,000
Interest Rate
5.71%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 24, 1998
Sold by
Larussa Malvin J and Larussa Carolyn A
Bought by
Larussa Melvin J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$476,000
Interest Rate
6.75%

Purchase Details

Closed on
Mar 8, 1996
Sold by
Larussa Melvin
Bought by
Larussa Melvin J and Larussa Carolyn A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$487,200
Interest Rate
7.5%

Purchase Details

Closed on
Feb 29, 1996
Sold by
Bellini Arnold and Bellini Bertha
Bought by
Larussa Melvin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$487,200
Interest Rate
7.5%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Laura Spillman Family Trust -- Orange Coast Title
Laura Spillman Family Trust $4,500,000 Old Republic Title Company
The Sauer Family Trust -- None Available
Sauer Thomas J $2,725,000 First American Title Company
Larussa Melvin J -- Fidelity National Title Co
Larussa Melvin J -- Old Republic Title Company
Larussa Melvin J -- --
Larussa Melvin $609,500 First American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Laura Spillman Family Trust $650,000
Previous Owner Sauer Thomas J $999,990
Previous Owner Larussa Melvin J $458,000
Previous Owner Larussa Melvin J $476,000
Previous Owner Larussa Melvin $487,200
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/04/2024 09/04/24 Sold $4,500,000 -6.2% $2,280 / Sq Ft
08/19/2024 08/19/24 Pending -- -- --
07/10/2024 07/10/24 Price Changed $4,795,000 -2.0% $2,429 / Sq Ft
06/04/2024 06/04/24 Price Changed $4,895,000 -8.2% $2,480 / Sq Ft
03/28/2024 03/28/24 For Sale $5,330,000 -- $2,700 / Sq Ft
Source: MLSListings

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $39,202 $4,500,000 $3,915,000 $585,000
2023 $38,568 $3,440,357 $3,096,321 $344,036
2022 $37,862 $3,372,899 $3,035,609 $337,290
2021 $37,122 $3,306,764 $2,976,087 $330,677
2020 $36,549 $3,272,857 $2,945,571 $327,286
2019 $35,914 $3,208,684 $2,887,815 $320,869
2018 $34,986 $3,145,768 $2,831,191 $314,577
2017 $34,163 $3,033,686 $2,730,323 $303,363
2016 $31,476 $2,808,969 $2,528,078 $280,891
2015 $30,064 $2,649,971 $2,384,977 $264,994
2014 $27,084 $2,387,361 $2,148,625 $238,736
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81958032

MLSListings

APN: 043-105-17-000