
Santa Cruz, California 95065
This Single Family Residence in the Happy Valley community is a Strong Value Opportunity, listed at $1,550,000—positioned above the $1,478,324 Fair Market Value. While currently priced above the estimated market value, the property offers significant land utility with nearly 8 acres and a Condition Rating of 2, featuring modern renovations like a chef's kitchen and updated primary suite. With owned solar and breathtaking mountain views, this home provides a tranquil lifestyle. It is an ideal acquisition for lifestyle-focused buyers or Owner-Occupants seeking a turnkey, private sanctuary.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 251 Starlight Terrace Subject 3 bd · 2 ba · 3,050 sqft · $485 | $1,550,000* List Price | 3 | 2 | 3,050 | $485 | - |
A 555 Bohnen Road Sold 3 bd · 3 ba · 2,280 sqft · $537 · 0.5 mi | $1,225,000 | 3 | 3 | 2,280 | $537 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although built in 1979, the property has undergone extensive recent renovations. The kitchen features modern white shaker cabinetry, stone countertops, and stainless steel appliances. The primary bathroom is fully updated with a contemporary freestanding tub and a glass-enclosed tile shower. The exterior is in mint condition with pristine decking and owned solar panels, requiring no immediate maintenance.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 127239, living area = 3050.
The sale includes two parcels totaling nearly 8 acres in the prestigious Happy Valley community, providing unparalleled tranquility and significant land value.
Equipped with owned solar to minimize utility costs, the property also features versatile storage and creative spaces, including a basement, sheds, and a studio.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 3050, other record living area = 2776.
Built in 1979, the home may require aesthetic or systemic updates to align with contemporary luxury preferences and maximize its full potential.
A $100,000 price reduction after 32 days on the market suggests the property is still finding its footing in the current market landscape.
Sale includes two parcels totaling 7.787 acres. The appropriately named street this beautiful home sits on is just a prelude to this spectacular home's additional views. Encompassing just under three acres with breathtaking views of the mountains, you'll find unparalleled tranquility and peace. The house features 3 bed/2 bath with an open-concept floor plan. Oversized windows and sliding glass doors line the common areas, bringing the outside in and allowing an abundance of gorgeous natural light to stream into the home. The luxurious primary suite features deck access, two walk-in closets, and an en suite bathroom with a separate stall shower and soaking tub, the perfect place to wind down with a crisp glass of wine from a local vintner. The grounds have been lovingly maintained with mature fruit trees and a rose garden that even the most discerning rosarian would enjoy spending time in. The detached two-car garage ensures plenty of room for vehicles, storage, and toys. Additional storage space includes the basement, sheds, and studio. Owned Solar helps to minimize PG&E bills. Just 20 minutes to town while feeling like you're away from the hustle and bustle. Don't miss out on this chance to be a part of the aptly named and highly desirable Happy Valley community.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 2.0 | 2.2 |
| Square foot | 3,050 | 1,703.516 |
| Lot Size | 127,239 | 6,974.558 |
| Price | $1.55M | $1.64M |
| Price per sq ft | $508 | $944 |
| Built year | 1979 | 1972 |
| HOA | $0 | $984 |
| Days on market | 59 | 43 |
Sep 18, 2026
$1,550,000
$1,650,000
-6% Price Drop
Initial Listing
Aug 26, 2026
$1,650,000
Initial Listing
Jul 1, 2014
$1,150,000
Public Record
Apr 30, 2004
$889,000
Public Record