228 Everson Drive, Santa Cruz, California 95060, Santa Cruz, 95060 - 2 bed, 2 bath
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228 Everson Drive
Santa Cruz, California 95060
ACTIVE
CONDITION: FAIR
2Beds
2Baths
931Sq Ft
1,350Lot Size
Property Price
LIST PRICE$669,950
EST. MARKET VALUE
$659,363
SUMMARY
This Condominium represents a High-Potential Investment Opportunity, listed at $669,950—positioned well below the $659,364 Fair Market Value by approximately -1.6%. While the property is priced near market value, its prime coastal location near the Santa Cruz Wharf offers significant long-term rental demand. Featuring a Condition Rating of 4, the unit is move-in ready but offers room for cosmetic updates to drive appreciation. With a heated pool, spa, and garden views, this is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a coastal retreat.
Estimated Market Value
$659,363
Based on Realkey algorithm analyzing recent comparable sales in Santa Cruz.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 228 Everson Drive Subject 2 bd · 2 ba · 931 sqft · $708 | $669,950* List Price | 2 | 2 | 931 | $708 | - |
A 222 Everson Drive Sold 2 bd · 2 ba · 1,076 sqft · $717 · 0.0 mi | $771,000 | 2 | 2 | 1,076 | $717 | 0.0 mi |
B 918 3rd Street F Sold 1 bd · 2 ba · 1,043 sqft · $676 · 0.3 mi | $705,000 | 1 | 2 | 1,043 | $676 | 0.3 mi |
C 180 Dakota Avenue 64 Sold 2 bd · 1 ba · 784 sqft · $671 · 0.9 mi | $526,000 | 2 | 1 | 784 | $671 | 0.9 mi |
D 138 Tree Frog Lane Sold 2 bd · 2 ba · 1,288 sqft · $648 · 0.2 mi | $835,000 | 2 | 2 | 1,288 | $648 | 0.2 mi |
E 2030 N Pacific Avenue 238 Sold 1 bd · 1 ba · 900 sqft · $771 · 0.9 mi | $693,500 | 1 | 1 | 900 | $771 | 0.9 mi |
F 124 Everson Drive Active 1 bd · 1 ba · 733 sqft · $858 · 0.0 mi | $629,000 List Price | 1 | 1 | 733 | $858 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 1998 (26 years old), the property is well-maintained and move-in ready but features dated finishes. The kitchen appears to have original oak cabinetry and older white appliances, and the overall aesthetic reflects its age without significant recent renovations to the primary systems or wet areas.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Coastal Location
The property is ideally situated within walking distance to the Santa Cruz Wharf, Boardwalk, and downtown, offering exceptional access to beaches and local entertainment.
- Strong Investment Value
Priced over $100,000 lower than a recent comparable sale, this unit offers significant immediate equity potential and a competitive entry point into the Santa Cruz market.
- Desirable Unit Positioning
As a first-floor end unit in a gated community, the property provides enhanced privacy and convenient access to premium amenities like the heated pool and spa.
CONSRISKS & DEFICIENCIES
- High Carrying Costs
The monthly association fee of $749 is relatively high, which may impact buyer affordability and overall monthly housing expenses.
- Limited Interior Space
At 931 square feet for a two-bedroom layout, the living areas are somewhat compact, which may be a constraint for buyers seeking a more spacious primary residence.
About 228 Everson Drive
Take advantage of this amazing investment opportunity, now priced over $100,000 lower than the previous comparable sale just two months ago. Welcome to Mariner's Cove - your serene coastal retreat in a beautifully maintained gated community. Enjoy year-round luxury with a heated pool and spa set amidst meticulously manicured landscaping. This stunning first-floor end unit offers 2 spacious bedrooms and 2 full baths, boasting gorgeous views of the pool, spa, and garden. Perfectly located within walking distance to Depot Park, the iconic Santa Cruz Wharf, the vibrant boardwalk, the beach, and a variety of downtown restaurants. Experience the best of coastal living, whether as your full-time home or a relaxing weekend getaway. Don't miss this incredible opportunity to own a slice of paradise at Mariner's Cove!
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1998
- Lot Size
- 1,350 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $749.0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 1.8 |
| Baths | 2.0 | 1.4 |
| Square foot | 931 | 963.625 |
| Lot Size | 1,350 | 811.438 |
| Price | $670.0K | $686.2K |
| Price per sq ft | $720 | $719 |
| Built year | 1998 | 1980 |
| HOA | $749.0 | $595 |
| Days on market | 57 | 61 |
Pricing History
Listed for Sale
Sep 18, 2026
$669,950
$699,000
-4% Price Drop
Initial Listing
Price Change
Aug 28, 2026
$749,000
Initial Listing
Price Change
Aug 28, 2026
$699,000
Initial Listing
Sold
Aug 9, 2007
$560,000
Public Record
Sold
Jul 26, 2002
$375,000
Public Record
Sold
Sep 25, 1998
$187,000
Public Record