5331 Wavecrest Way
Oxnard, CA, 93035
$2,500,000
MLS: V1-35731
Beds
3
Baths
4
Sq Ft
3,701
Lot
0.10 ac
Year Built
1991
MLS #
V1-35731
Days on Market
12
Listed
Apr 10, 2026
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!
Location
Oxnard, Ventura County, CA 93035
Open on Google Maps ↗Listed by: Desti Centineo · RE/MAX Gold Coast-Beach Marina Office
Payment estimate
$17,666
/ month (est.)
Principal, interest, taxes, and insurance + PMI. Down payment: $250,000 · Loan: $2,250,000
- Principal & Interest
- $13,824
- Property tax (1.25%)
- $2,604
- Homeowners insurance
- $300
- Mortgage insurance
- $938
Login required. The full tool supports FHA / VA / USDA, PMI by credit tier, lender fees, and total cash to close — with your inputs here carried over.
Today's Rates
As of Apr 23, 2026
- 30-year fixed
- 6.23%
- 15-year fixed
- 5.58%
Source: Freddie Mac Primary Mortgage Market Survey (PMMS). Updated weekly.
Financing Options
FHA Financing — 3.5% Down＋
First-time and repeat buyers can purchase this Oxnard home with as little as 3.5% down using an FHA loan — roughly $87,500 down. FHA loans feature flexible credit guidelines and government-backed rates, making homeownership accessible for buyers who haven't saved a large down payment. Seller concessions up to 6% of the purchase price are also allowed.
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