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311 24th Avenue, Santa Cruz, California 95062, Santa Cruz, 95062 - 2 bed, 1 bath

311 24th Avenue, Santa Cruz, California 95062 home-pic-0
ACTIVE$2,329,000
311 24th Avenue, Santa Cruz, California 95062
2Beds
1Bath
1,000Sqft
17,424Lot

Price Vs. Estimate

The estimated value ($2,329,000) is $0 (0%) lower than the list price ($2,329,000). This property may be overpriced.

Key pros and cons

Top Pros:
Exceptional Lot Size & Potential: Expansive 17,000 sqft lot offering a rare opportunity to build a custom estate or family compound, providing ample space and privacy.
Top Cons:
Total Teardown Required: The existing structure is a complete teardown, necessitating significant demolition costs and a full new build, not a renovation.

Compared to the nearby listings

Price:$2.33M vs avg $1.88M (+$454,000)70%
Size:1,000 sqft vs avg 1,700 sqft15%
Price/sqft:$2.3K vs avg $1.2K92%

More Insights

Built in 1951 (74 years old).
Condition: The MLS description explicitly states, 'The existing structure is a total teardown, presenting a blank canvas to create the estate or family compound of your dreams.' The property was built in 1951, which is over 50 years ago, aligning with the criteria for a tear-down where the structure is beyond repair and the value is based solely on the land.
Year Built
1951
Close
-
List price
$2.33M
Original List price
$2.33M
Price/Sqft
$2,329
HOA
-
Days on market
-
Sold On
-
MLS number
ML82013173
Home ConditionTear down
Features
Excellent View: Water
ViewWater

About this home

Prime opportunity to build your dream home on a rare, expansive lot of approximately 17,000 sqft, fronting a tranquil lagoon (no back fence or neighbor). Located on the ultra-quiet and sought-after 24th Avenue, less than 10 houses from the sand. The existing structure is a total teardown, presenting a blank canvas to create the estate or family compound of your dreams. Design a one-of-a-kind custom home on this unique parcel, offering space, privacy, and unbeatable location. Perfectly positioned between the Santa Cruz Yacht Harbor and Capitola, close to Pleasure Point surf breaks, 41st Avenue's shops and restaurants, and miles of scenic coastline. Rarely do parcels of this size, fronting a lagoon, come on the market. Own a legacy property on one of the best streets in Santa Cruz.

Nearby schools

6/10
Branciforte Middle School
Public,•6-8•2.2mi
6/10
Mission Hill Middle School
Public,•6-8•3.2mi
7/10
Harbor High School
Public,•9-12•2.0mi
7/10
Soquel High School
Public,•9-12•2.6mi
8/10
Santa Cruz High School
Public,•9-12•3.0mi
Condition Rating
Tear down
The MLS description explicitly states, 'The existing structure is a total teardown, presenting a blank canvas to create the estate or family compound of your dreams.' The property was built in 1951, which is over 50 years ago, aligning with the criteria for a tear-down where the structure is beyond repair and the value is based solely on the land.
Pros & Cons

Pros

Exceptional Lot Size & Potential: Expansive 17,000 sqft lot offering a rare opportunity to build a custom estate or family compound, providing ample space and privacy.
Prime Waterfront Location: Fronts a tranquil lagoon with no rear neighbors, offering direct water access and serene views, a highly coveted feature.
Unbeatable Beach Proximity: Located on a sought-after street, less than 10 houses from the sand, ensuring easy and immediate access to the beach.
Development Ready 'Blank Canvas': The existing structure is a total teardown, presenting a clear and unencumbered opportunity for new, custom construction without renovation constraints.
Highly Desirable & Quiet Neighborhood: Situated on the ultra-quiet and prestigious 24th Avenue, recognized as one of Santa Cruz's best streets, enhancing long-term value.

Cons

Total Teardown Required: The existing structure is a complete teardown, necessitating significant demolition costs and a full new build, not a renovation.
Substantial Development Investment: Beyond the high purchase price, buyers must factor in considerable additional costs for architectural design, permits, and new construction.
Extended Development Timeline: Building a custom home from the ground up is a lengthy and complex process, requiring patience and management of a multi-year project.

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