
Santa Cruz, California 95065
This Single-Family Sanctuary is a High-Potential Investment Opportunity, listed at $1,395,000—positioned above the $1,306,594 Fair Market Value. While priced at a premium, the property offers rare Public Water access, a 1,500-gallon septic system, and over 2 acres of usable land. With a Condition Rating of 3, the home is move-in ready but offers significant upside for cosmetic modernization. Its location across from Happy Valley Elementary and proximity to Highway 17 makes this an ideal acquisition for Owner-Occupants or Long-Term Investors seeking a private, scenic retreat.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3131 Branciforte Drive Subject | $1,395,000* List Price | 4 | 2 | 1,751 | $746 | - |
A 620 Mystery Spot Road Active | $995,000 List Price | 2 | 3 | 1,353 | $735 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Although built in 1958, the property is exceptionally well-maintained and move-in ready. It features significant recent system upgrades including a new 200-amp electrical panel, a new 1,500-gallon septic tank, and a newer water heater. The interior shows vaulted wood ceilings and large windows in good condition, though the carpeting and some fixtures are dated and reflect a 15-30 year old aesthetic.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 87861, living area = 1751.
Rare access to public water for a mountain property, complemented by a private irrigation well and recently updated septic and electrical systems.
Situated in the coveted Happy Valley area directly across from the elementary school, offering over two acres of rare, usable level land.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 3.
Being on the market for the first time in over 50 years, the home likely requires cosmetic modernization to align with contemporary design preferences.
The expansive two-acre lot with mature redwoods and rustic outbuildings necessitates significant ongoing effort for landscaping and property upkeep.
Rare Happy Valley property fist time on the market in over 50 years, with over 2 acres of privacy, natural beauty, and serene indoor-outdoor living. Single-level home features wings for privacy, picture windows framing redwoods and mountain views, vaulted ceilings, and an open-concept kitchen, living, and dining area that flows throughout. An expansive wraparound deck, beautiful spacious bedrooms and living spaces all with views, a dedicated laundry room, and bonus rooms provide flexible spaces for an office, studio, or yoga. Public water is an especially valuable feature for a mountain property. Mature redwoods, scenic views, meandering paths, three resting benches, usable level land, a private well for irrigation, and multiple areas for gardening. An outhouse and remnants of a tree house add a touch of rustic charm and endless possibilities. Practical updates include a new 1,500-gallon septic tank, new 200-amp main electrical panel and subpanel, newer water heater, and new water pump. Conveniently located just 10 minutes from shopping and town amenities and directly across from Happy Valley Elementary School. A truly special private sanctuary combining usable land, remarkable privacy, natural beauty, and convenient access to town, school and to Highway 17 for commuters.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.0 |
| Baths | 2.0 | 2.3 |
| Square foot | 1,751 | 1,697.986 |
| Lot Size | 87,861 | 6,864.608 |
| Price | $1.40M | $1.63M |
| Price per sq ft | $797 | $940 |
| Built year | 1958 | 1973 |
| HOA | $0 | $352 |
| Days on market | 28 | 38 |
Aug 12, 2026
$1,395,000
Initial Listing