
Santa Cruz, California 95060
This historic Stick-Eastlake Victorian represents a Strong Value Opportunity, listed at $2,495,000—positioned well below the $2,397,659 Fair Market Value by -4%. While the property requires modernization of its dated kitchen and systems to reach its full potential, the Condition Rating of 4 reflects its well-preserved old-growth heart redwood craftsmanship. The inclusion of a legal detached ADU provides immediate income-generating potential. This unique residence is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a historic property with significant rental upside.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 105 Sylvar Street Subject | $2,495,000* List Price | 6 | 4 | 3,698 | $648 | - |
A 623 High Street Active | $2,195,000 List Price | 4 | 3 | 3,406 | $644 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
This historic 1880s Victorian is exceptionally well-maintained with preserved architectural details; however, the kitchen is significantly dated with 20-30 year old cabinetry and appliances. While functional and move-in ready, the systems and primary utility areas require modernization to meet current luxury standards.
Known as 'The Willey House,' this Stick-Eastlake Victorian features rare old-growth heart redwood construction and intricate period detailing, offering unique architectural value and prestige.
The property includes a legal detached ADU with its own entrance and private yard, providing significant rental income potential or flexible space for multi-generational living.
Situated on historic Mission Plaza with a high Walk Score, the home offers excellent proximity to downtown Santa Cruz and convenient access for commuters while providing scenic city views.
Due to its 1873 construction and historical designation, the property may require specialized, costly maintenance and is subject to strict preservation guidelines for renovations.
With a substantial 3,698 sqft main residence and a detached ADU occupying a 6,752 sqft lot, the remaining private yard space for the primary home is relatively modest.
The Willey House at 105 Sylvar Street in Santa Cruz, is a historically designated Victorian residence set behind a canopy of mature trees on Santa Cruzs historic Mission Plaza. This iconic property blends timeless Stick-Eastlake architecture with rich local heritage and enduring character. Originally built in 1887 for Henry Willey, the first president of Peoples Bank, this distinguished 3,698 square foot residence showcases unparalleled craftsmanship. Expertly constructed from locally harvested old-growth heart redwood, the 6-bedroom, 4.5-bathroom residence stands as a testament to enduring quality. Every corner of the home tells a story, from its intricate woodwork, detailed stained glass, and steeply pitched rooflines to the inviting wrap-around porch and period detailing throughout. Tall windows flood the interior with natural light, highlighting soaring, vaulted ceilings, original millwork, and elegant living spaces designed for both entertaining and everyday living. The home offers City Views and an excellent Walk Score, making it a highly convenient commute location. The property also features a legal detached ADU with a dedicated separate entrance and private yard space that currently generates substantial income, providing financial flexibility and additional value.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 6.0 | 3.0 | 97% |
| Baths | 4.0 | 3.0 | 90% |
| Square foot | 3,698 | 1,620 | 94% |
| Lot Size | 6,752 | 7,057 | 48% |
| Price | $2.50M | $1.39M | 87% |
| Price per sq ft | $675 | $886 | 26% |
| Built year | 1873 | 1974 | 1% |
| HOA | $0 | $0 | 50% |
| Days on market | 17 | 117 | 1% |
May 20, 2026
$2,495,000
Initial Listing
Jun 18, 2012
$1,132,000
Public Record
Sep 24, 2008
$70,000
Public Record