126 Frederick St, Santa Cruz, California 95062, Santa Cruz, 95062 - 3 bed, 2 bath
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Santa Cruz, California 95062
This Exclusive Coastal Residence is a Prime Investment Opportunity, listed at $2,400,000—positioned well below the $2,497,715 Fair Market Value by 3%. This valuation gap offers $97,715 in Instant Equity for buyers. Boasting a Condition Rating of 4, the home features rare panoramic yacht harbor and ocean views and high-quality vaulted wood-paneled ceilings. Located in a private gated community near Frederick St Park, the property provides significant upside through cosmetic modernization of its original 1991 finishes. This is an ideal acquisition for Owner-Occupants or Luxury Value-Add Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 126 Frederick St Subject | $2,400,000* List Price | 3 | 2 | 2,500 | $999 | - |
A 224 Pilkington Avenue Sold | $2,100,000 | 3 | 3 | 2,321 | $905 | 0.6 mi |
B 124 Glenview Street Sold | $1,900,000 | 3 | 3 | 2,058 | $923 | 0.2 mi |
C 1021 Webster Street Active Under Contract | $1,850,000 List Price | 3 | 3 | 1,921 | $963 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1991, the property is well-maintained but largely reflects its original construction era with no major recent renovations. The kitchen features dated oak cabinetry, white tile countertops, and older white appliances. While the home is move-in ready and features a high-quality wood-paneled vaulted ceiling, the overall aesthetic—including the flooring, fixtures, and bathroom styles—is outdated and requires modernization to meet current luxury standards.
The property features rare and breathtaking panoramic views of the Santa Cruz Yacht Harbor and the Pacific Ocean, which are visible from every room in the house.
Situated in a highly walkable area, the home is steps away from Frederick St Park, local breweries, and the harbor, offering an unparalleled coastal lifestyle.
As a single-family residence within a private gated community, the home offers a superior level of security and privacy that is difficult to find in the Santa Cruz market.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2500, other record living area = 2343.
The association fee of $1,031 is significantly high for a single-family home, which may impact the property's appeal to buyers concerned with monthly carrying costs.
With a lot size of approximately 5,053 square feet, the outdoor space is relatively modest for a property at this $2.4 million price point.
Come experience life at the harbor! One of the few homes in this private gated community, this single family 3 bed/2.5 bath home has breathtaking views of the Santa Cruz Yacht Harbor and the Pacific Ocean, and the well designed floor plan makes sure you’re soaking them in from every room. Curl up by the fireplace on those cool coastal nights, and when you’re ready to head out, everything is right at your doorstep. Great restaurants, local breweries, and grocery stores are all just a hop, skip, and a jump away. Frederick St Park is nearby, too, with sand volleyball courts and a fenced dog park right next to it. This one has it all.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 2,500 | 1,620 | 90% |
| Lot Size | 5,053 | 5,510 | 40% |
| Price | $2.40M | $1.55M | 81% |
| Price per sq ft | $960 | $986 | 45% |
| Built year | 1991 | 1955 | 86% |
| HOA | $1031.0 | $0 | 98% |
| Days on market | 28 | 168 | 2% |
Mar 25, 2026
$2,400,000
Initial Listing
Jun 2, 1998
$600,000
Public Record