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116 Monterey Street, Santa Cruz, California 95060, Santa Cruz, 95060 - 4 bed, 4 bath

116 Monterey Street, Santa Cruz, California 95060 home-pic-0
ACTIVE$4,880,000
116 Monterey Street, Santa Cruz, California 95060
4Beds
4Baths
2,586Sqft
7,318Lot

Price Vs. Estimate

The estimated value ($4,428,642.23) is $451,357.77 (9%) lower than the list price ($4,880,000). This property may be overpriced.

Key pros and cons

Top Pros:
Prime Coastal Location: Steps from iconic West Cliff Drive, Steamer Lane, Cowell's, and the Santa Cruz Wharf, offering unparalleled access to beaches, surfing, and local attractions for an ultimate coastal lifestyle.
Top Cons:
High Price Point: The current list price of $4.88 million positions this property in a luxury niche, which may limit the pool of potential buyers to a very specific, affluent demographic.

Compared to the nearby listings

Price:$4.88M vs avg $1.51M (+$3,370,000)99%
Size:2,586 sqft vs avg 1,820 sqft86%
Price/sqft:$1.9K vs avg $91097%

More Insights

Built in 2007 (18 years old).
Condition: Built in 2007, this property is 17 years old, aligning with the 'Good' condition criteria. The home is move-in ready, featuring a high-end Chef's Kitchen with a Wolf Range and granite countertops, and luxurious bathrooms with a jetted spa tub. All visible components, including flooring and light fixtures, appear well-maintained and functional, with minimal wear and tear. While the Mediterranean style and some finishes like wood cabinets and terracotta tiles are not ultra-modern, they are high-quality and consistent with the home's aesthetic, not requiring immediate renovation.
Year Built
2007
Close
-
List price
$4.88M
Original List price
$5.49M
Price/Sqft
$1,887
HOA
-
Days on market
-
Sold On
-
MLS number
ML82021291
Home ConditionGood
Features
Excellent View: Ocean
Deck
Spa
Patio
ViewOcean

About this home

Experience the Santa Cruz lifestyle at 116 Monterey St, steps from iconic West Cliff Drive. This delightful 3 bed/3 bath Mediterranean home offers stunning ocean views, the soothing sound of waves, and fresh sea air. A permitted 1 bed/1 bath ADU at 118 Monterey St is ideal for guests or rental income. For those who love to cook, a spacious Chef's Kitchen with Wolf Range and large kitchen island will feed your family for years to come. Surf, SUP, or swim at Cowell's, and then come home to soak in your jetted spa tub in the luxurious primary bathroom. Cool fog and ocean breezes create a refreshing vibe, while sunrises grace the front windows and sunsets glow from the balcony. Relax in the hot tub under starry skies or gather around the backyard fire pit. The ADU, a successful vacation rental, attracts wonderful guests and generates income with it's own private balcony atop a 2-car Mechanic's Garage. There's even a built-in vaccuum to get the sand out of your car! Steps from Steamer Lane and race starts like Wharf to Wharf, this home is a coastal gem. Enjoy music, wine tasting, or a meal at the historic Santa Cruz Wharf. Monarch butterflies flutter year-round, and the nearby community garden is great for birdwatching. Embrace this coastal retreat, and schedule a tour today!

Condition Rating
Good
Built in 2007, this property is 17 years old, aligning with the 'Good' condition criteria. The home is move-in ready, featuring a high-end Chef's Kitchen with a Wolf Range and granite countertops, and luxurious bathrooms with a jetted spa tub. All visible components, including flooring and light fixtures, appear well-maintained and functional, with minimal wear and tear. While the Mediterranean style and some finishes like wood cabinets and terracotta tiles are not ultra-modern, they are high-quality and consistent with the home's aesthetic, not requiring immediate renovation.
Pros & Cons

Pros

Prime Coastal Location: Steps from iconic West Cliff Drive, Steamer Lane, Cowell's, and the Santa Cruz Wharf, offering unparalleled access to beaches, surfing, and local attractions for an ultimate coastal lifestyle.
Significant Income Potential: Includes a permitted 1 bed/1 bath ADU (Accessory Dwelling Unit) at 118 Monterey St, which is a successful vacation rental, providing substantial guest accommodation or rental income.
Stunning Ocean Views & Ambiance: Offers direct ocean views, the soothing sound of waves, fresh sea air, and beautiful sunrises/sunsets from the balcony, creating a highly desirable living experience.
High-End Chef's Kitchen: Features a spacious Chef's Kitchen equipped with a Wolf Range and a large kitchen island, catering to culinary enthusiasts and ideal for entertaining.
Luxurious Amenities & Outdoor Living: Boasts a jetted spa tub in the primary bathroom, a hot tub, and a backyard fire pit, enhancing relaxation and entertainment options, along with a unique built-in car vacuum.

Cons

High Price Point: The current list price of $4.88 million positions this property in a luxury niche, which may limit the pool of potential buyers to a very specific, affluent demographic.
Specific Architectural Style: The Mediterranean architectural style, while charming, may not appeal to all buyers, potentially narrowing the market compared to more contemporary or universally preferred designs.
Proximity to Tourist Hubs: Its location 'steps from iconic West Cliff Drive' and other popular attractions could mean increased foot traffic, noise, and activity, which might not suit buyers seeking a more secluded or quiet residential environment.

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