3554 Paul Sweet Road, Santa Cruz, California 95065, Santa Cruz, 95065 - 2 bed, 1 bath
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Santa Cruz, California 95065
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 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.
The property features a 1,200 sqft 'vintage cottage' built in 1965 that appears to be in original condition with no recorded major renovations. The listing description emphasizes the land's development potential and the need for 'vision and craftsmanship' to transform the site, indicating the existing structure is outdated and requires substantial rehabilitation or replacement to align with the multi-million dollar land value.
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.
The property consists of five separate parcels totaling over 38 acres, with a preliminary Rural Density Matrix suggesting the potential for up to four distinct building sites, making it a prime target for investors or luxury builders.
This 'hidden valley' offers an extraordinary level of privacy and solitude while remaining conveniently located within Santa Cruz city limits, adjacent to the prestigious Chaminade Resort.
The current 1965 vintage cottage is modest in size and condition, likely requiring a complete rebuild or significant capital investment to match the property's multi-million dollar land value.
Realizing the full potential of the four building sites involves navigating Santa Cruz's Rural Density Matrix and RA zoning regulations, which can be a lengthy, costly, and bureaucratic process.
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.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 25% |
| Baths | 1.0 | 2.0 | 25% |
| Square foot | 1,200 | 1,695 | 25% |
| Lot Size | 1,690,999.25 | 8,808 | 92% |
| Price | $5.00M | $1.51M | 92% |
| Price per sq ft | $4.2K | $911 | 92% |
| Built year | 1965 | 1968 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 335 | 151 | 0% |
May 22, 2025
$4,995,000
Initial Listing