2927 Leotar Circle, Santa Cruz, California 95062, Santa Cruz, 95062 - 3 bed, 3 bath
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Santa Cruz, California 95062
This Sea-Inspired Updated Townhouse is a High-Potential Investment Opportunity, listed at $977,000—positioned well below the $1,099,316 Fair Market Value by 11%. This valuation gap offers $122,316 in Instant Equity. Boasting a Move-in Ready Condition Rating, the interior features Granite Countertops, Stainless Appliances, and Three View Balconies overlooking the Rodeo Gulch greenbelt. Located near Pleasure Point and Top-Rated Schools like Santa Cruz High, this property balances coastal luxury with significant financial upside. It is an ideal match for Owner-Occupants or lifestyle-driven buyers seeking a high-equity entry into Santa Cruz.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2927 Leotar Circle Subject | $977,000* List Price | 3 | 3 | 1,448 | $759 | - |
A 2958 Leotar Circle Sold | $805,000 | 2 | 3 | 1,320 | $610 | 0.0 mi |
B 1526 Brazil Lane Sold | $750,000 | 2 | 1 | 896 | $837 | 0.3 mi |
C 1165 Whitewater 1165 Sold | $735,000 | 2 | 1 | 987 | $745 | 0.8 mi |
D 1545 Hidden Terrace Court Active | $849,000 List Price | 2 | 2 | 1,250 | $679 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is move-in ready and features several modern updates, including wood-look tile flooring, granite countertops, and stainless steel appliances. While the 1983 construction is visible in the kitchen cabinet profiles and fluorescent light box, the home has been well-maintained with recent aesthetic improvements like updated fireplace surrounds, neutral paint, and clean carpeting, meeting the criteria for a well-maintained, updated older home.
Situated just minutes from Pleasure Point and nestled beside Rodeo Gulch, this property offers an ideal blend of beach access and tranquil nature views.
The home features high-end finishes including granite countertops, stainless steel appliances, and two fireplaces, providing a move-in-ready luxury feel.
With three private view balconies and a secluded backyard that opens directly to walking and biking trails, the property maximizes its serene, wooded surroundings.
The monthly association fee of $724 is relatively high, which may impact the overall affordability and monthly carrying costs for some buyers.
Built in 1983, the property may require ongoing attention to aging infrastructure or common area elements typical of townhomes from this era.
Minutes to the Ocean, and miles from Ordinary, discover an exceptional opportunity to own a sea-inspired townhouse in Santa Cruz! Nestled beside Rodeo Gulch, this tranquil, nature-surrounded retreat awaits you. Step into this beautifully updated 3-bedroom, 2.5-bath, 2car-garage, private sanctuary. Enjoy granite countertops throughout, stainless appliances, three view balconies, two fireplaces, and a secluded backyard that opens up to peaceful walking and biking trails. Brilliantly blending comfort and nature---come home to your own slice of coastal paradise! Minutes to the Ocean (Pleasure Point), and Chanticleer Park (Leo's Haven), dining and shopping---and so much more!
No exterior & parking available.
Grades 6-8 • 2.0 mi
Grades 6-8 • 3.4 mi
Grades 9-12 • 1.4 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 2.0 | 86% |
| Baths | 3.0 | 2.0 | 57% |
| Square foot | 1,448 | 1,159 | 86% |
| Lot Size | 1,568 | 1,394 | 86% |
| Price | $977.0K | $956.0K | 57% |
| Price per sq ft | $675 | $825 | 29% |
| Built year | 1983 | 1984 | 43% |
| HOA | $724.0 | $567 | 86% |
| Days on market | 21 | 54 | 14% |
Apr 1, 2026
$977,000
Initial Listing
Oct 15, 2024
$111,400
Public Record
Sep 12, 2022
$965,000
Public Record