116 Monterey Street, Santa Cruz, California 95060, Santa Cruz, 95060 - 4 bed, 4 bath
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116 Monterey Street
Santa Cruz, California 95060
ACTIVE
CONDITION: GOOD
4Beds
4Baths
2,586Sq Ft
7,318Lot Size
Property Price
LIST PRICE$4,588,000
EST. MARKET VALUE
$4,102,098
11% AboveMARKET VALUE
SUMMARY
FULL_VERSION
This Mediterranean Coastal Residence represents a Strong Value Opportunity, listed at $4,588,000—positioned well above the $4,102,098 Fair Market Value by 11%. While priced at a premium, the property offers a Condition Rating of 3 and features a Chef's Kitchen, 8-person hot tub, and an Income-Generating ADU providing $30k-$40k annually. Its proximity to West Cliff Drive and unobstructed Monterey Bay views create a unique lifestyle sanctuary. This property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a high-end coastal compound.
SEO VERSION
Luxury Santa Cruz home for sale. 4-bed, 4-bath Mediterranean residence with income-generating ADU, chef's kitchen, and panoramic Monterey Bay ocean views.
Estimated Market Value
$4,102,098
Based on Realkey algorithm analyzing recent comparable sales in Santa Cruz.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 116 Monterey Street Subject 4 bd · 4 ba · 2,586 sqft · $1,586 | $4,588,000* List Price | 4 | 4 | 2,586 | $1,586 | - |
A 234 Plateau Avenue Sold 4 bd · 3 ba · 2,600 sqft · $1,269 · 0.7 mi | $3,300,000 | 4 | 3 | 2,600 | $1,269 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
The property underwent a 95% reconstruction in 2007, placing the major renovations and systems at approximately 19 years old. The chef's kitchen features high-end Wolf appliances and granite countertops, and the home is described as immaculately maintained. While the styling reflects the mid-2000s era, it remains in high-quality, move-in ready condition.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Coastal Location
Situated just steps from West Cliff Drive and Cowells Beach, this property offers an unparalleled lifestyle for ocean enthusiasts and immediate access to Santa Cruz's most iconic waterfront.
- Income-Generating ADU
The permitted 1-bedroom, 1-bathroom ADU features a separate address and a proven annual income of $30k-$40k, providing excellent versatility for investors or multi-generational living.
- High-End Modern Renovation
Extensively reimagined in 2007, the home features premium finishes including a chef’s kitchen with a Wolf range and immaculate maintenance that blends Mediterranean character with modern luxury.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 3.
- Extended Days on Market
With 134 days on the market, the property may be facing buyer hesitation regarding its premium price point relative to current market absorption rates.
- Residual Vintage Elements
Despite the 95% remodel, the retention of the original 1952 foundation and a retro downstairs bathroom may conflict with the expectations of buyers seeking a fully contemporary build.
About 116 Monterey Street
This Mediterranean masterpiece was entirely reimagined and 95% redone in 2007 by the current owners. The only remnant of the original home is a part of the foundation and the retro downstairs bathroom. Also added was an oversized two stall garage and a 1 bedroom, 1 bath ADU with unobstructed views of the Boardwalk, Wharf, and Monterey Bay, with a separate address of 118 Monterey Street. The owners meticulously preserved the vintage character, designing a high-end modern residence around that historic core. From the structural integrity to the lush, professional landscaping, every inch of this property has been built, lived in, and maintained to an immaculate standard.Situated just steps from West Cliff Drive and the Cowells Beach stairs, this residence caters to an active lifestyle centered around the ocean. The chef's kitchen, anchored by a Wolf range and a generous island, makes entertaining effortless. Evenings end in a private coastal oasis featuring an 8-person outdoor hot tub and a convenient outdoor shower, the essential finish to a morning surf session.The permitted 1bed /1 bath ADU sits atop a 2-car, oversized mechanic's garage and offers a proven income of $30-40k annually, or an opportunity for a family compound. Easily the best high end value in Santa Cruz County.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1952
- Lot Size
- 7,318 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 4 (4 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.0 |
| Baths | 4.0 | 2.2 |
| Square foot | 2,586 | 1,703.516 |
| Lot Size | 7,318 | 6,974.558 |
| Price | $4.59M | $1.64M |
| Price per sq ft | $1.8K | $944 |
| Built year | 1952 | 1972 |
| HOA | $0 | $984 |
| Days on market | 158 | 43 |
Pricing History
Listed for Sale
May 19, 2026
$4,588,000
Initial Listing
Sold
Mar 26, 2003
$899,000
Public Record
Sold
Apr 11, 2000
$800,000
Public Record