15 Braemoor Drive, Santa Cruz, California 95060, Santa Cruz, 95060 - 1 bed, 1 bath
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Santa Cruz, California 95060
This Development-Ready Residential Estate is a High-Potential Investment Opportunity, listed at $599,000—positioned well below the $625,000 Fair Market Value by 4%. This valuation gap offers $26,000 in Instant Equity. The property features a Mint Condition 2024 custom tiny home on 1.08 flat usable acres with approved plans for a 2,300 sqft residence and mountain views. Near top-rated schools like San Lorenzo Valley High, it balances immediate lifestyle with significant appreciation. This is an ideal acquisition for Owner-Builders or Value-Add Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 15 Braemoor Drive Subject | $449,000* List Price | 1 | 1 | 280 | $2,139 | - |
A 335 Braemoor Drive Active | $564,900 List Price | 1 | 1 | 220 | $2,568 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
This is a brand-new 2024 custom build in mint condition. The property features a modern kitchen with high-end finishes, a full bathroom with contemporary tile work, and new systems including a mini-split HVAC and a 200A electrical panel.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 47088, living area = 280.
The property is uniquely positioned for immediate construction with approved plans for a 2,300 sqft home and fully functional utilities, including a 1,500-gallon septic system, private well, and 200A power already on-site.
Rare for the Santa Cruz mountains, this 1.08-acre lot is flat, rectangular, and 100% usable, featuring a tree-lined driveway and fruit trees, providing a versatile canvas for the approved main residence and outbuildings.
As the current primary structure is a tiny home on wheels, traditional residential financing may be difficult to obtain, likely requiring a cash buyer or specialized construction loan.
With only 280 square feet of existing living area, the property is not suitable for families or those requiring significant space until the larger approved residence is completed.
Now offering PLANS APPROVED to rebuild a 3 bed 2 bath home at about 2,300 sqft with a detached 2 car garage with rumpus room above on a flat 1 acre parcel with private well water , 200A power, and existing septic that is installed and functioning. OR live the tiny house lifestyle and see the estimate in disclosures from Bigfoot Homes for a 400 sqft permanent dwelling. Currently setup on this property is a 280 sqft custom built tiny house on wheels includes sleeping loft, full kitchen, breakfast nook, full bathroom, mini split heating/ cooling, dual pane windows, and full laundry all wrapped in high end finishes. Legal to use while developing under existing temporary occupancy permit and is sold separately from the improved land. The flat, rectangular 1.08 acres includes tree lined driveway, functioning 1500 gallon septic, private well water with pressurizer pump, and permanent 200 amp panel from PGE installed on site. Also included is a garden shed, 40 ft shipping container shop/ storage, taller than average carport (large enough for a small/ medium RV, boat, or trailer). The parcel offers some mixed woods (including apple, pear, and cherry trees), full sun, and every square foot is useable, which is rare in the mountains, with easy access to Santa Cruz, Felton, and Davenport.
No exterior & parking available.
Grades K-6 • 3.6 mi
Grades 6-8 • 5.1 mi
Grades 6-8 • 11.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 1.0 | 3.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 280 | 1,641 |
| Lot Size | 47,088 | 6,229 |
| Price | $449.0K | $1.57M |
| Price per sq ft | $1.6K | $939 |
| Built year | 2024 | 1978 |
| HOA | $200.0 | $288 |
| Days on market | 150 | 37 |
Jun 24, 2026
$449,000
$599,000
-25% Price Drop
Initial Listing
Apr 9, 2026
$599,000
$625,000
-4% Price Drop
Initial Listing
Feb 23, 2026
$625,000
Initial Listing
May 31, 2022
$375,000
Public Record