308 Gharkey Street, Santa Cruz, California 95060, Santa Cruz, 95060 - 2 bed, 1 bath
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Santa Cruz, California 95060
This property represents a High-Potential Investment Opportunity, listed at $1,699,999—positioned well above the $1,407,539 Fair Market Value by -20%. While the pricing reflects a premium, the 1900-built cottage offers significant value-add potential through modernization. Featuring a detached 2-car garage and a full basement, the site provides excellent versatility for an ADU or creative workspace. With a Condition Rating of 4, the home requires cosmetic updates to reach its full market potential. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a coastal project.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 308 Gharkey Street Subject | $1,549,000* List Price | 2 | 1 | 786 | $1,634 | - |
A 144 Averitt Street Sold | $1,195,000 | 2 | 1 | 854 | $1,399 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1900, this cottage is well-maintained but dated. The kitchen and bathroom feature older cabinetry and mid-range granite updates likely from 15-20 years ago. Interior finishes like ceiling tiles, linoleum flooring, and a floor-grate heater indicate aging systems and a need for cosmetic and functional modernization.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 2, other record bedroom count = 3.
Price Reduction of $151,000! Welcome to a charming coastal retreat in the heart of Santa Cruz. This classic cottage captures the essence of the Santa Cruz lifestyle - simple, bright, and designed for easy living. .This inviting single-family home features 2 bedrooms and 1 bath, offering a warm and functional layout ideal for everyday comfort and weekend escapes. A full basement below adds valuable storage. The property also includes a detached 2-car garage, presenting exciting possibilities for expansion, an ADU, or creative workspace enhancing versatility and long-term value. Great expansion options! Situated in a truly exceptional location, you're just 2 blocks from the iconic West Cliff Dr, where breathtaking ocean views and coastal paths await. Enjoy a short stroll to the vibrant Santa Cruz Wharf, along with nearby restaurants, coffee houses, and local amenities defining the SC lifestyle. The sunny yard provides the perfect setting for outdoor living, gardening, or relaxing in the coastal breeze. Originally offered at $1,699,999, this property is an exceptional opportunity whether you're seeking a full-time residence, a weekend getaway, or a smart investment. With its prime location, charm, and future potential, this home offers incredible flexibility and lasting appeal.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 3.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 786 | 1,641 |
| Lot Size | 3,746 | 6,229 |
| Price | $1.55M | $1.57M |
| Price per sq ft | $2.0K | $939 |
| Built year | 1900 | 1978 |
| HOA | $0 | $288 |
| Days on market | 30 | 37 |
Jul 10, 2026
$1,549,000
$1,699,999
-9% Price Drop
Initial Listing
Jun 23, 2026
$1,699,999
Initial Listing