
Santa Cruz, California 95060
This Prestigious Pasatiempo Estate represents a Strong Value Opportunity, listed at $2,950,000—positioned well below the $3,005,218 Fair Market Value by 1%. This valuation gap offers $55,218 in Instant Equity. Maintaining a Condition Rating of 3, the 4,470 SF residence features a Gourmet Kitchen, Sweeping Ocean Views, and a private guest suite. Situated within a gated community near Top-Rated Schools like Brook Knoll Elementary, this turnkey sanctuary balances luxury with financial upside. It is ideal for Owner-Occupants or Luxury Buyers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 17 Kite Hill Road Subject | $2,950,000* List Price | 4 | 4 | 4,470 | $672 | - |
A 121 Palomino Way Active | $3,350,000 List Price | 4 | 5 | 5,530 | $606 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 1990 (34 years old), the property has been significantly updated and well-maintained. The gourmet kitchen features a 5-15 year old renovation style with a new cooktop and refrigerator, while the interior shows high-end finishes like marble entryways and hardwood floors. It is functional and move-in ready, avoiding the 'Poor' or 'Fair' categories despite its chronological age.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 19297, living area = 4470.
Located in the highly coveted Pasatiempo community, this property offers exclusive access to premium amenities including a pool, tennis courts, and dining, while providing a secure environment with excellent Silicon Valley commute access.
The expansive 4,470 SF floor plan includes a private guest suite with a separate entrance and wet bar, offering exceptional flexibility for multi-generational living, a professional home office, or long-term guests.
The property is subject to a substantial association fee of $4,780, which adds a significant recurring expense to the overall cost of ownership.
Built in 1990, the residence may require further capital investment to update original finishes and systems to meet the aesthetic and efficiency standards of today's luxury buyers.
Don't miss this exceptional opportunity in the coveted Pasatiempo community - offering outstanding value in one of Santa Cruz's most sought-after neighborhoods. This expansive 4,470 SF residence welcomes you with generous living spaces designed for both comfort and entertaining. The open kitchen and family room create a warm, inviting hub of the home, highlighted by sweeping mountain views with ocean peeks and seamless indoor-outdoor flow to a large tile view deck - perfect for relaxing or hosting at sunset. A spacious formal living room, currently styled as a game room, offers a grand setting for gatherings, while the separate dining room is ideal for entertaining. The gourmet kitchen features a new cooktop and refrigerator, blending functionality with style. The stunning primary suite serves as a true retreat, featuring a fireplace, sitting area, custom walk-in closets, and direct access to the backyard and hot tub. A private, versatile suite with its own separate entrance includes a wet bar and full bath - ideal for guests, a recreation room, or extended living. Set within the gated Pasatiempo community enjoy access to pool, tennis, and dining. Located just minutes to the beach with convenient Silicon Valley access - this is Santa Cruz living at its finest.
No exterior & parking available.
Grades PK-5 • 0.4 mi
Grades K-5 • 2.4 mi
Grades 6-8 • 2.2 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 70% |
| Baths | 4.0 | 3.0 | 91% |
| Square foot | 4,470 | 1,733 | 95% |
| Lot Size | 19,297 | 7,100 | 81% |
| Price | $2.95M | $1.38M | 93% |
| Price per sq ft | $660 | $837 | 28% |
| Built year | 1990 | 1978 | 77% |
| HOA | $4780.0 | $0 | 98% |
| Days on market | 15 | 96 | 2% |
Apr 7, 2026
$2,950,000
Initial Listing
Jun 26, 2024
$2,400,000
Public Record
Jun 15, 2004
$1,695,000
Public Record