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Set on nearly an acre in a prime coastal location, this Mediterranean-style home offers a rare blend of charm, ocean views, and investment upside. With panoramic vistas of the sea, canyons, and mountains, the property is ideal for value-driven buyers looking to build equity through upgrades, rental income, or multigenerational living. The upper level features Saltillo tile, kitchen with breakfast bar, formal dining, and an expansive balcony perfect for indoor-outdoor entertaining. The primary suite includes a fireplace, window seat, walk-in closet, and a jacuzzi tub overlooking the mountains. A ship-inspired crows nest above a nautical bridge adds unique creative or office space. The lower level includes a private two-room guest suite with its own entrance and full bath ideal for ADU-style income, in-laws, or visitors. Two more bedrooms, a full bath, wet bar, and large living room offer flexible use. A custom cabinet-lined hallway leads to a serene canyon-view patio. A 3-car garage, workshop, and generous storage support future renovation. Originally rebuilt in 1987, this Rio del Mar home is ready for a refresh. Just minutes from Hwy 1, beaches, and shops a strong opportunity to invest in the coast and make it your own.
Listing agent: Jafar Zahraie DRE #01073169 jeff_z@ouraffinity.com, Listing office: Affinity Enterprises, Inc
MLS data updated 10/31/2026, 2:45:56 AM PT
Source: CRMLS, MLS #: ML82011236
Belmont insights
Compare recorded home prices, same-type ZIP sales and mortgage rates.
Dec 26, 2025
Prices use the left axis; mortgage rates use the right. Hover, tap, or focus the chart and use the arrow keys. Red SOLD badges mark recorded sales.
This home · nearest recorded event
$1,795,000Closed sale · Dec 26, 2025ZIP 95003 · Dec 2025
No monthly averageAt least 3 eligible sales in this month are required.30-year fixed mortgage benchmark
No weekly rateNo published rate within 7 days of this date.ZIP averages use publicly displayable closed sales from our licensed MLS feed, matched to the same ZIP and exact property type. Months with fewer than 3 sales are omitted; the current month is incomplete. Lines connect available monthly observations across gaps and do not represent measured prices in missing months. These averages are not adjusted for size, condition, or location within the ZIP, and are not an appraisal. Feed coverage may not include every sale. All available shows the available home and ZIP history, with mortgage rates over the same dates.
Mortgage benchmark: Freddie Mac Primary Mortgage Market Survey®. © Freddie Mac. Weekly national 30-year fixed rates, not APRs or a loan quote. Actual terms vary. Methodology changed in November 2022. The chart does not establish that interest-rate changes caused a home’s price changes.
Lines connect recorded asking and sale prices. They are visual guides, not estimates of the home’s value between those dates.
No earlier records were returned by our current sources. This does not mean the home has never sold.
MLS records may be incomplete. Earlier asking prices are not sale prices.