4360 Opal Cliff Drive, Santa Cruz, California 95062, Santa Cruz, 95062 - 3 bed, 2 bath
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Santa Cruz, California 95062
Analysis of 4360 Opal Cliff Drive, Santa Cruz, California 95062 is currently available with a list price of $7,250,000. 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.
Property is land value only, full reconstruction required.
Built in 1952 and over 70 years old with no significant renovations. The listing is marketed as a permit-ready development opportunity for a new 4,220 SF home, indicating the current structure is intended for demolition to capture the land's full oceanfront value.
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.
The property includes fully approved, permit-ready plans for a 4,220 SF luxury residence, allowing the buyer to bypass years of notoriously difficult and expensive California coastal regulatory hurdles.
Situated on the prestigious Opal Cliff Drive at the former estate of surfing legend Jack O'Neill, the site offers panoramic Monterey Bay views and walking access to world-class surf spots and Capitola Village.
While the plans are approved, the buyer must still undertake the substantial cost, management, and time required for a major ground-up construction project to realize the property's full potential.
At a $7.25M list price, the property commands a significant premium for its 'ready-to-build' status, which may be a barrier for buyers who still need to budget for multi-million dollar construction costs.
Some properties ask you to imagine the potential. This one hands it to you. A fully approved, permit-ready coastal home is ready to break ground on one of Santa Cruz's most coveted oceanfront streets. The architectural work is done. The coastal approvals are secured. The years of regulatory navigation someone else already endured. You just build. Choose your finishes and make it yours. Wake up to panoramic ocean views spanning the full arc of Monterey Bay at the former home of surfing legend Jack O'Neil. Walk to beach access and some of the best surf spots on the California coast Privates Beach, Pleasure Point, and Capitola Village all within walking distance. The approved plans deliver a 5-bedroom, 4.5-bath, 4,220 SF home with an open floor plan, ground floor primary suite, and an upper-level ADU a flexible 558 SF space ideal as a guest suite, home office, or private retreat plus a 3-car garage. Sited on an 11,600 SF oceanfront parcel with significant coastal bluff protections in place, including a concrete seawall and rip-rap revetment at the base of the bluff. California's coastal permitting process is notoriously slow, expensive, and uncertain. This property skips all of it construction drawings and approvals in hand, permit-ready. Your shortcut to oceanfront living.
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 | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 2,427 | 1,646 | 88% |
| Lot Size | 11,631 | 5,793 | 92% |
| Price | $7.25M | $1.60M | 96% |
| Price per sq ft | $3.0K | $1.0K | 98% |
| Built year | 1952 | 1962 | 29% |
| HOA | $0 | $0 | 50% |
| Days on market | 58 | 103 | 24% |
Apr 17, 2026
$7,250,000
Initial Listing
Jun 25, 2024
$5,250,000
Public Record