
Santa Cruz, California 95062
Analysis of 4360 Opal Cliff Drive, Santa Cruz, California 95062 is currently available with a list price of $6,799,000. 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.
Built in 1952, this 70+ year old home retains its original 'vintage' condition with dated tile countertops, older baseboard heating, and weathered exterior finishes. The listing is marketed as a major remodel project with approved plans and permits already in place, confirming that the current systems and interiors require a full rehabilitation to meet modern standards.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 11631, living area = 2427.
Situated on a premier oceanfront stretch with panoramic Monterey Bay views, this property boasts a unique pedigree as the former home of surfing legend Jack O'Neill, offering unparalleled coastal prestige.
The property features significant, pre-existing coastal bluff protections including a concrete seawall and rip-rap revetment, providing essential security and long-term value that is difficult to obtain for oceanfront homes.
With 133 days on the market and a recent price reduction of $451,000, the property has faced challenges in finding a buyer at its initial premium valuation.
While the property offers immense potential, the current 1952 structure requires a significant capital injection to modernize or execute the approved expansion plans to reach its full market value.
Wake up to panoramic ocean views spanning Monterey Bay at the former home of surfing legend Jack O'Neill on one of the most sought-after oceanfront stretches on the California coast. The ultimate coastal lifestyle combining exclusive privacy with unparalleled walkability to local restaurants, coffee collectives, and world-class surf. Privates Beach, The Hook, Pleasure Point, and Capitola Village are all within walking distance. Some properties ask you to imagine the potential. This one hands it to you. One of the very few oceanfront homes with significant coastal bluff protections already in place, including a hard-armor concrete seawall, rip-rap revetment, and anti-erosion netting. 4360 Opal Cliff Drive offers you the unique ability to bypass the notoriously complex and costly coastal entitlement process with approved plans and building permits for a customizable remodel. Acquire the home, pick your finishes, and start building. The opportunity is rare and the possibilities are endless. 1) Enjoy the vintage beach charm. 2) Remodel the existing footprint with your personal touches. 3) Go big; add the ground floor primary suite and 3-car garage for a 5BR, 4.5BA, 4,220 SF oceanfront compound with multiple lounge areas and a semi-detached ADU for a flexible guest suite or office.
No exterior & parking available.
Grades 6-8 • 2.9 mi
Grades 6-8 • 4.2 mi
Grades 9-12 • 2.0 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 2.0 | 2.3 |
| Square foot | 2,427 | 1,697.986 |
| Lot Size | 11,631 | 6,864.608 |
| Price | $6.80M | $1.63M |
| Price per sq ft | $2.8K | $940 |
| Built year | 1952 | 1973 |
| HOA | $0 | $352 |
| Days on market | 145 | 38 |
Jun 25, 2026
$6,799,000
$7,250,000
-6% Price Drop
Initial Listing
Apr 17, 2026
$7,250,000
Initial Listing
Jun 25, 2024
$5,250,000
Public Record