3554 Paul Sweet Road, Santa Cruz, California 95065, Santa Cruz, 95065 - 2 bed, 1 bath
3554 Paul Sweet Road
Santa Cruz, California 95065
Property Price
SUMMARY
Analysis of 3554 Paul Sweet Road, Santa Cruz, California 95065 is currently available with a list price of $4,995,000. The property maintains a Tear down Condition Rating (10/100), reflecting significant deferred maintenance. This property is best suited for experienced investors or developers prepared for substantial renovation work. 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.
Condition Analysis
OVERALL CONDITION SCORE
Property is land value only, full reconstruction required.
The property was built in 1965, making it over 50 years old. The listing description explicitly states the 'vintage cottage is likely inadequate and requires substantial renovation or complete replacement to align with the property's potential and value.' The value is clearly in the 38 acres of land and its development potential, not the existing structure. No interior images are provided, further supporting the assessment that the structure itself is not a selling point and is considered beyond repair or not worth renovating for its current use.
PROSSTRENGTHS & OPPORTUNITIES
- High Available Lot Utilization
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 1690999, living area = 1200.
- Expansive & Versatile Acreage
The property boasts 38 sprawling acres across 5 parcels, offering significant land value, flexibility for various uses, and diverse natural landscapes.
- Exceptional Privacy & Prime Location
Tucked away in a hidden valley, it provides unparalleled seclusion and privacy while being conveniently located 'in town' and adjacent to the prestigious Chaminade Resort.
CONSRISKS & DEFICIENCIES
- Outdated Existing Structure
The current 1965-built, 2-bed, 1-bath, 1200 sqft 'vintage cottage' is likely inadequate and requires substantial renovation or complete replacement to align with the property's potential and value.
- Restricted Access & Showings
Located on a private road with strict 'appointment only' and 'do not disturb occupants' policies, which may present logistical challenges for potential buyers and agents during the viewing process.
- High Capital Investment Required
The nearly $5 million list price, combined with the anticipated costs for development, construction, or extensive renovation, demands a significant capital outlay, narrowing the potential buyer pool.
About 3554 Paul Sweet Road
Once in a lifetime opportunity to become the next proprietor of 38 sprawling acres tucked away in its own hidden valley next to Chaminade Resort. It is so rare to find this level of seclusion and privacy while still being in town. The property has 5 parcels with a vast expanse of sunny acreage offering views, solitude, and incredible potential. Preliminary Rural Density Matrix suggests up to 4 potential building sites. An existing vintage cottage is set on a 1.88 acre parcel. The remaining 36+ acres are zoned RA. Property borders Chaminade to the West and Vacant Land (RA-D- Designated Park Site) to the North and East. For an end-user, this rare offering of acreage- so close to town -could be transformed into a legacy estate with the right vision and craftsmanship. For a savvy investor or luxury home builder, this could be the rare gem for which you have been searching. Not to be missed. PRIVATE ROAD- Please do not drive by- showings by appointment only, please do not disturb occupants.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1965
- Lot Size
- 1,690,999.25 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 25% |
| Baths | 1.0 | 2.0 | 31% |
| Square foot | 1,200 | 1,710.5 | 31% |
| Lot Size | 1,690,999.25 | 10,716 | 94% |
| Price | $5.00M | $1.40M | 94% |
| Price per sq ft | $4.2K | $852 | 94% |
| Built year | 1965 | 1968 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 289 | 178 | 0% |
Pricing History
Listed for Sale
May 22, 2025
$4,995,000
Initial Listing