423 Nelson Rd., Scotts Valley, California 95066, Scotts Valley, 95066 - 4 bed, 3 bath
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Scotts Valley, California 95066
This Renovated Scotts Valley Estate is a High-Potential Investment Opportunity, listed at $1,550,000—positioned well below the $1,750,000 Fair Market Value by 11%. This valuation gap provides $200,000 in Instant Equity based on recent appraisal data. Featuring a Mint Condition Rating, the property boasts a chef’s kitchen, vaulted beam ceilings, and mountain views on 1.2 acres. A detached 1bd/1ba ADU offers $3,200 in monthly rental potential. Located near top-rated schools, this home is ideal for Owner-Occupants or multi-generational families.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 423 Nelson Rd. Subject | $1,550,000* List Price | 4 | 3 | 3,412 | $454 | - |
A 231 Nelson Road Sold | $1,449,000 | 4 | 3 | 2,548 | $569 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
The property has undergone a comprehensive, high-end renovation within the last 5 years. It features a modern chef's kitchen with stainless steel appliances, wide-plank flooring, and updated spa-like bathrooms. The home is in mint condition with no visible maintenance needs.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 52790, living area = 3412.
The property includes a detached 1bd/1ba guest house with a rental potential of $3,200 per month, offering a significant mortgage offset or a private space for multi-generational living.
Set on 1.2 acres, the lot features a 4,000+ sqft additional yard area perfect for horses, a pool, or a sport court, providing rare outdoor flexibility just one mile from town.
The property has undergone five consecutive price reductions since its initial listing, which may lead buyers to perceive it as a difficult-to-sell asset despite the recent renovations.
The current configuration utilizes the garage space as a gym or potential 4th bedroom, forcing a compromise between covered vehicle storage and additional interior living square footage.
Gets so much love but still no Match~must be waiting for You! Nestled in a peaceful cul-de-sac and bathed in sunlight; this beautifully renovated 3bd, 2bth home + 4th bd option AND 1bd, 1bth ADU; offers the perfect blend of rural serenity and modern luxury. Just 1 mile from town, and set on 1.2 acres with sweeping views, this home features an open floor plan, vaulted beam ceilings, a grand fireplace, wide plank floors, and a striking central staircase. Step into a spacious, open entry, living room, dining room, chef's kitchen with food and butlers' pantries, perfect for entertaining. You'll also find a spacious bd with walk-in closet and private entrance, an office, gym, laundry room, and extra storage room. Upstairs, a huge primary bd with stunning views, and walk-in closet. The bathroom has a spa-like soaking tub, towel warmer, bidet, & dual vanity. A third oversized bd with double closets. The gym can easily be converted to a 4th bd or garage. Step outside to a welcoming wraparound yard, fire pit, spa, lawns, fountain, plus a 4,000+ sq ft additional yard area (for pool, sport court or horses). The charming 1bd/1ba guest house used for family or $3200 rental or work-from-home space. Enjoy top-rated schools, parks, shops, and a warm community vibe. Appraised 2024 for $1,750,000!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 4.0 | 50% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 3,412 | 2,210 | 85% |
| Lot Size | 52,790.359 | 16,988 | 79% |
| Price | $1.55M | $1.55M | 50% |
| Price per sq ft | $454 | $700 | 3% |
| Built year | 1969 | 1980 | 27% |
| HOA | $0 | $0 | 50% |
| Days on market | 288 | 140 | 97% |
Mar 26, 2026
$1,550,000
$1,588,000
-2% Price Drop
Initial Listing
Feb 7, 2026
$1,588,000
$1,595,000
+0% Price Increase
Initial Listing
Nov 30, 2025
$1,595,000
$1,640,000
-3% Price Drop
Initial Listing
Sep 26, 2025
$1,640,000
$1,650,000
-1% Price Drop
Initial Listing
Jul 8, 2025
$1,650,000
Initial Listing