3554 Paul Sweet Road, Santa Cruz, California 95065, Santa Cruz, 95065 - 2 bed, 1 bath
ACTIVE$4,995,000
3554 Paul Sweet Road, Santa Cruz, California 95065
2Beds
1Bath
1,200Sqft
1,690,999.25Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
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.
Top Cons:
Modest Existing Structure: The current 1965 vintage cottage is a relatively small 1200 sqft with 2 beds/1 bath, suggesting the primary value lies in the land and its potential, not the existing dwelling.
Compared to the nearby listings
Price:$5.00M vs avg $1.34M (+$3,657,500)94%
Size:1,200 sqft vs avg 1,753 sqft28%
Price/sqft:$4.2K vs avg $78994%
More Insights
Built in 1965 (60 years old).
Condition: The property was built in 1965, making it 59 years old. The listing explicitly describes it as an 'existing vintage cottage' and states that the 'primary value lies in the land and its potential, not the existing dwelling.' There are no interior images, particularly of the kitchen or bathroom, which strongly suggests these areas are severely outdated or in poor condition. Given the age and the emphasis on the land's development potential over the existing structure, it aligns with the 'tear-down' criteria where the structure's value is negligible and the property's value is based solely on the land.
Year Built
1965
Close
-
List price
$5M
Original List price
$5M
Price/Sqft
$4,163
HOA
-
Days on market
-
Sold On
-
MLS number
ML82007986
Home ConditionTear down
Features
Excellent View: Park/Greenbelt, Hills, Mountain(s), Valley, Trees/Woods
ViewPark/Greenbelt, Hills, Mountain(s), Valley, Trees/Woods
About this home
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.
Condition Rating
Tear down
The property was built in 1965, making it 59 years old. The listing explicitly describes it as an 'existing vintage cottage' and states that the 'primary value lies in the land and its potential, not the existing dwelling.' There are no interior images, particularly of the kitchen or bathroom, which strongly suggests these areas are severely outdated or in poor condition. Given the age and the emphasis on the land's development potential over the existing structure, it aligns with the 'tear-down' criteria where the structure's value is negligible and the property's value is based solely on the land.
Pros & Cons
Pros
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.
Significant Acreage & Development Potential: Boasting 38 sprawling acres across 5 parcels, with preliminary indications for up to four potential building sites, offering substantial development or subdivision opportunities.
Unparalleled Privacy & Seclusion: Situated in a 'hidden valley' next to Chaminade Resort, the property provides exceptional privacy and solitude, a rare find so close to an urban center.
Strategic Location: Offers the unique advantage of being 'so close to town' (Santa Cruz) while maintaining a secluded feel, further enhanced by bordering Chaminade and designated park land.
Diverse Investment Appeal: Presents a compelling opportunity for both discerning end-users seeking to create a bespoke legacy estate and savvy investors/luxury home builders looking for significant development potential.
Expansive Natural Views: Features extensive views including Park/Greenbelt, Hills, Mountains, Valley, and Trees/Woods, contributing to its serene and exclusive ambiance.
Cons
Modest Existing Structure: The current 1965 vintage cottage is a relatively small 1200 sqft with 2 beds/1 bath, suggesting the primary value lies in the land and its potential, not the existing dwelling.
High Entry Price Point: Listed at nearly $5 million, the property's significant price tag, largely driven by its land and development potential, targets a very niche market of high-net-worth individuals or developers.
Restricted Access & Private Road: Access is via a private road with strict showing protocols ('do not drive by, by appointment only'), which could present logistical challenges for viewings and implies potential private road maintenance responsibilities.