
Santa Cruz, California 95062
Analysis of 3020 Pleasure Point Drive, Santa Cruz, California 95062 is currently available with a list price of $5,200,000. The property maintains a Poor Condition Rating (30/100), indicating the property requires renovation and updates to maximize its market potential. This presents opportunities for value-add investors. Located in a high-demand neighborhood within the Santa Cruz Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for Experienced Investors and Fix-and-Flip Specialists.
Property is extensive renovation needed.
Built in 1980 (44 years old), the existing structure is significantly dated with original wood paneling and older kitchen appliances. The listing's heavy emphasis on conceptual renderings for a new modern build and 'seawall approvals' suggests the current residence requires a total rehab or replacement to achieve its highest and best use.
Situated at the literal point of Pleasure Point, this rare 8,886 sqft parcel offers unparalleled 200-degree panoramic views of Monterey Bay and direct proximity to world-class surf breaks.
The property includes essential coastal permits, architectural designs, and seawall approvals already in place, significantly streamlining the timeline for a custom modern renovation or new build.
Surrounded by the Pacific on three sides, the lot provides a dramatic and private atmosphere where the ocean serves as a backyard, offering frequent sightings of whales and dolphins.
The existing 1980s residence likely requires a complete renovation or teardown to realize its full potential, meaning buyers must budget for significant construction costs beyond the $5.2M purchase price.
The property's prominent oceanfront position entails high exposure to salt air and coastal elements, necessitating frequent and costly maintenance to preserve the exterior and seawall.
A once in a generation oceanfront opportunity at the literal point of Pleasure Point. This property has the potential to become one of the most extraordinary homes in the county. Positioned on 8,886 square feet of oceanfront land, this remarkable parcel is surrounded by the Pacific on three sides, with sweeping 200-degree views across Monterey Bay. Dolphins move through the lineup below, whales pass in the distance, and the surfers at Sewer Peak are close enough to recognize from the deck. The setting feels dramatic, private, and completely immersed in the rhythm of the coastline. What makes this offering so rare is the flexibility of what can be created here. Conceptual renderings by Fuse Architecture showcase the vision of a striking modern surf house designed specifically for the site, with expansive glass, rooftop living, and spaces oriented entirely toward the ocean. The existing residence also presents the opportunity for a thoughtful renovation or refinement, allowing the next owner to shape the property around their own vision and lifestyle. With coastal permits, architecture, and seawall approvals already in place, the path is open to create something truly special at Californias most celebrated point break, where the ocean is not simply the view, but the backyard.
No exterior & parking available.
Grades 6-8 • 2.8 mi
Grades 6-8 • 3.8 mi
Grades 9-12 • 2.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 4.0 | 2.0 | 87% |
| Square foot | 3,156 | 1,646 | 89% |
| Lot Size | 8,886 | 5,793 | 87% |
| Price | $5.20M | $1.56M | 94% |
| Price per sq ft | $1.6K | $1.0K | 83% |
| Built year | 1980 | 1960 | 72% |
| HOA | $0 | $0 | 50% |
| Days on market | 15 | 122 | 9% |
May 22, 2026
$5,200,000
Initial Listing
Apr 18, 2017
$4,800,000
Public Record
Dec 31, 1996
$885,000
Public Record