1010 Pelton Avenue, Santa Cruz, California 95060, Santa Cruz, 95060 - 3 bed, 4 bath
Loading property details...
Santa Cruz, California 95060
This property presents a High-Potential Investment Opportunity with a List Price of $2,250,000, currently aligned with its $2,250,000 Fair Market Value. While the home requires a total rehab given its Fair Condition Rating, the rare combination of unobstructed ocean views and a detached bonus structure provides significant upside for forced appreciation. The property’s prime location near West Cliff Drive offers immense long-term value for those capable of executing a comprehensive renovation. This is a strategic acquisition ideal for Fix-and-Flip Investors or Contractors seeking a premier coastal project.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1010 Pelton Avenue Subject | $2,250,000* List Price | 3 | 4 | 1,612 | $1,396 | - |
A 140 Monterey Street Sold | $2,205,000 | 3 | 2 | 1,476 | $1,494 | 0.6 mi |
B 267 Chico Avenue Active | $2,250,000 List Price | 3 | 2 | 1,610 | $1,398 | 1.0 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1935, the property is nearly 90 years old and shows significant signs of age. The kitchen and bathrooms feature dated blue tile and cabinetry likely from 30-40 years ago. Aerial images show a roof with curling shingles, and the listing's use of 'digitally altered' renderings of a modern home alongside phrases like 'untapped potential' and 'ready to be reimagined' confirms the structure requires a total rehab.
Situated just steps from West Cliff Drive, the property offers a premier Santa Cruz lifestyle with immediate access to world-class surfing, coastal trails, and ocean breezes in a highly sought-after neighborhood.
The home features soaring ceilings and multiple rooms with ocean views, capturing stunning sunsets and creating a bright, airy atmosphere that connects the interior to the coastline.
A detached rustic structure includes a full bath and a large loft, providing valuable additional square footage and versatility for a guest suite, home office, or creative studio.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 2.
Built in 1935 and described as 'ready to be reimagined,' the property likely requires a substantial capital investment to modernize the systems and finishes to meet contemporary standards.
With over 60 days on the market and multiple price reductions totaling nearly $450,000, the property has struggled to find its market value, suggesting the condition may not yet align with the current asking price.
Positioned just off West Cliff Drive and with a fantastic new price,1010 Pelton Avenue offers a 10/10 location with a rare combination of ocean views, privacy, and untapped potential. Step out your front door and you'll be on West Cliff taking in the fresh ocean air, in an approximate minute while still enjoying a more private setting than some front-row coastal locations. Inside and upstairs the open ceiling soars allowing Sunsets galore to fill the home and become part of everyday life. Multiple rooms have ocean views and the energy is one that feels both peaceful and connected to the coastline. So if your days involve surfing, sailing, dancing, reading, biking along the stunning coastal landscapes or just listening to the soothing sound of the surf you truly can have it all. This home and location offer the timeless rhythm of wind, waves, and ocean ebbs and flows; all part of the exceptional Santa Cruz coastal lifestyle. Lovingly lived in by a local family for decades with a detached additional rustic structure with a full bath and a loft large enough for a king-size bed adds flexibility and further potential to the property. Ready to be reimagined, this is a rare chance to own this special property in one of Santa Cruz's most sought-after coastal neighborhoods.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 4.0 | 2.0 |
| Square foot | 1,612 | 1,641 |
| Lot Size | 4,008 | 6,229 |
| Price | $2.25M | $1.57M |
| Price per sq ft | $1.4K | $939 |
| Built year | 1935 | 1978 |
| HOA | $0 | $288 |
| Days on market | 73 | 37 |
Jun 24, 2026
$2,250,000
$2,490,000
-10% Price Drop
Initial Listing
May 23, 2026
$2,490,000
$2,699,000
-8% Price Drop
Initial Listing
May 11, 2026
$2,699,000
Initial Listing