121 Palomino Way, Santa Cruz, California 95060, Santa Cruz, 95060 - 4 bed, 5 bath
Loading property details...
Santa Cruz, California 95060
This Luxurious Gated Estate represents a Prime Investment Opportunity with a List Price of $3,350,000—positioned well below the $3,449,391 Fair Market Value by 2%. This valuation gap provides $99,391 in Instant Equity. Boasting a Well-Maintained Condition Rating, the residence features a Chef’s Kitchen and an Outdoor Oasis with a pizza oven and spa. Set in the exclusive Woods Cove community near Santa Cruz High School, this home offers a serene lifestyle among majestic redwoods. It is an exceptional match for Luxury Home Seekers or Owner-Occupants prioritizing privacy and high-end finishes.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 121 Palomino Way Subject | $3,350,000* List Price | 4 | 5 | 5,530 | $624 | - |
A 17 Kite Hill Road Active | $2,950,000 List Price | 4 | 4 | 4,470 | $660 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 2004, this 20-year-old property is in well-maintained, move-in ready condition. While the kitchen cabinetry and backsplash reflect the original construction era, the home features high-end Sub-Zero and Thermador appliances and recent upgrades including wide-plank European white oak hardwood floors.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 22216, living area = 5530.
The property features a high-end chef's kitchen with Sub-Zero and Thermador appliances, complemented by an outdoor oasis including a pizza oven, bar, and spa, perfect for hosting.
Boasting 5,530 sqft of living space, the home includes four en-suite bedrooms with a convenient ground-floor suite, providing ample room and privacy for guests or multi-generational living.
While the local high school is highly rated, the assigned elementary and middle schools have lower ratings (5 and 6 respectively), which may be a consideration for families with younger children.
The expansive 0.5-acre lot with mature redwoods and extensive outdoor amenities, combined with a $300 monthly HOA fee, suggests high ongoing maintenance and carrying costs.
121 Palomino Way in Santa Cruz in WOODS COVE isn't just an address, it's a feeling. Inspired by the spirit of the palomino, strong, refined, and effortlessly beautiful, this home captures that same sense of freedom and style. Set in Santa Cruz County's most enchanting gated communities on a 1/2 acre lot, this 5,530 sqft residence offers 4 en-suite bedrooms, including a ground-floor suite with direct courtyard access. Additional rooms provide an ideal space for an office, den, or creative retreat. Thoughtfully designed, with wide-plank European white oak hardwood floors. Every window frames a picturesque view of majestic redwood trees, creating a sense of privacy and nature living. The chefs kitchen is ideal for living and entertaining, featuring a large island, Sub-Zero refrigerator, and Thermador appliances. Outdoors, enjoy an entertainers haven with a bar, pizza oven, BBQ, turf, and spa. Discover serene nooks among mature redwoods perfect for relaxing in nature. Enjoy Henry Cowell Redwoods State Park for scenic hikes. A 3-car garage offers ample storage. Easy access to Hwy 17 and Graham Hill, this home blends luxury, comfort, and convenience. This magical home at 121 Palomino Way could be the one that captures your heart at first sight.
No exterior & parking available.
Grades K-5 • 2.7 mi
Grades 6-8 • 2.4 mi
Grades 6-8 • 2.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 70% |
| Baths | 5.0 | 3.0 | 95% |
| Square foot | 5,530 | 1,733 | 98% |
| Lot Size | 22,216 | 7,100 | 82% |
| Price | $3.35M | $1.38M | 93% |
| Price per sq ft | $606 | $837 | 23% |
| Built year | 2004 | 1978 | 91% |
| HOA | $300.0 | $0 | 93% |
| Days on market | 7 | 96 | 2% |
Apr 15, 2026
$3,350,000
Initial Listing
Apr 15, 2024
$3,350,000
Public Record
May 12, 2021
$2,250,000
Public Record
Jan 13, 2005
$1,392,500
Public Record