
Felton, California 95018
This property presents a High-Potential Investment Opportunity with a List Price of $699,000—positioned well below the $699,000 Fair Market Value (priced at market stability). Featuring a Fair Condition Rating, the home offers significant value-add potential through cosmetic modernization of its 1953 interiors. The 1,200 sqft floor plan includes a dramatic cathedral ceiling and an expansive deck nestled in the redwoods. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a project to build long-term equity in the desirable Forest Lakes community.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1004 Laurel Avenue Subject | $699,000* List Price | 3 | 1 | 1,200 | $583 | - |
A 1079 Scenic Drive Active | $729,000 List Price | 2 | 2 | 1,300 | $561 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1953, this property is well-maintained but shows significant age in its core areas. The kitchen features dated wood paneling, older cabinetry, and mismatched appliances that appear to be over 20 years old. While the home is functional and charming, the lack of recent major renovations to the kitchen, bath, and likely systems places it in the fair category, requiring cosmetic and modern updates.
Situated in the desirable Forest Lakes community, the property offers immediate access to Henry Cowell Redwoods State Park and is just six miles from Santa Cruz beaches, balancing mountain serenity with coastal proximity.
The home features dramatic cathedral ceilings, clerestory windows, and a versatile loft, creating a bright and airy interior that maximizes the 1,200 square foot floor plan with unique aesthetic appeal.
An expansive deck nestled among majestic redwoods provides a private outdoor sanctuary, seamlessly blending the living space with the natural environment for an enhanced retreat experience.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1200, other record living area = 1256.
With three bedrooms but only one bathroom, the property may present functional challenges and reduced convenience for larger households or hosting guests.
The property has experienced a significant price reduction of $80,000 and an extended 85-day period on the market, which may suggest initial pricing misalignment or buyer hesitation regarding the value proposition.
Major price adjustment! Don't miss this opportunity. Nestled among majestic redwoods in the highly sought-after Forest Lakes community, this charming retreat offers the perfect blend of privacy, comfort, and natural beauty. Enjoy dappled sunlight filtering through the trees and a peaceful setting just moments from the neighborhood's summertime lake, playground, and the endless hiking trails of Henry Cowell Redwoods State Park. Inside, light-filled living spaces create an inviting atmosphere, featuring an open kitchen and family room ideal for gathering. The dramatic living room boasts soaring cathedral ceilings, clerestory windows, and a cozy loft that provides flexible space. Step outside to the expansive deck and relax among the redwoods in your own private outdoor sanctuary. The versatile floor plan offers endless possibilities to fit your lifestyle. Just minutes from the charming town of Felton, only six miles to Santa Cruz's world-class beaches, and with an easy commute to Silicon Valley, this unique home combines the serenity of mountain living with everyday convenience. Whether you're looking for a full-time residence or a peaceful weekend escape, this Forest Lakes gem is a rare opportunity to experience the best of life in the redwoods.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 1.0 | 2.5 |
| Square foot | 1,200 | 1,482.533 |
| Lot Size | 5,227 | 18,835.333 |
| Price | $699.0K | $929.7K |
| Price per sq ft | $582 | $636 |
| Built year | 1953 | 1964 |
| HOA | $0 | $1.6K |
| Days on market | 71 | 45 |
Aug 25, 2026
$699,000
$739,000
-5% Price Drop
Initial Listing
Jul 22, 2026
$739,000
$779,000
-5% Price Drop
Initial Listing
Jun 30, 2026
$779,000
Initial Listing
Sep 2, 2022
$749,000
Public Record
Aug 1, 2016
$535,000
Public Record
Sep 28, 2000
$195,000
Public Record