462 Quail Drive, Santa Cruz, California 95060, Santa Cruz, 95060 - 3 bed, 3 bath
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Santa Cruz, California 95060
This Modern Mountain Estate is a High-Potential Investment Opportunity listed at $1,049,900—positioned well below the $1,300,000 Fair Market Value by 19%. This pricing provides $250,100 in Instant Equity based on recent appraisal data. The home maintains a Good Condition Rating, featuring a 2005 construction with an open-concept kitchen and multi-zone HVAC. Situated on 1.36 private acres within the Bonny Doon Elementary district, the property includes coastal views and an unfinished 440 sqft bonus space for forced appreciation. It is an ideal acquisition for Owner-Occupants or Value-Add Investors.
Property is move-in ready.
Built in 2005, this property falls within the 10-20 year age bracket for a 'good' condition rating. The home is move-in ready with a well-maintained open-concept kitchen featuring stainless steel appliances and stone countertops. The interior shows quality finishes including hardwood floors and multi-zone HVAC systems. While the styling is consistent with its original construction date rather than a recent modern renovation, the property shows no signs of deferred maintenance and all major systems appear functional and within their expected lifespan.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 59024, living area = 2836.
With a recent price reduction to $1,049,900, the property is positioned significantly below its 2021 appraisal of $1.3M, offering substantial immediate equity potential for the buyer.
The 1.36-acre sun-drenched parcel features established fenced gardens, fruit trees, and scenic balconies overlooking pastureland, providing a rare blend of privacy and agricultural potential.
The property has undergone four price reductions since its initial listing, which may lead prospective buyers to perceive a lack of market demand or underlying issues.
The 440 sqft ground-floor 'man cave' remains unfinished, requiring additional capital investment and construction effort to convert it into functional living or utility space.
WOW! Incredible new price of just $1,049,900! Grab this beauty before someone else does! This tranquil, private retreat in lower Bonny Doon is a slice of paradise. Ideally located just minutes from North Coast beaches, Davenport, Beauregard Winery, and scenic Hwy 1 for easy access to Santa Cruz and San Francisco. Enjoy nearby hiking and biking trails and placement in the wonderful Bonny Doon Elementary school. The sun-drenched 1.36-acre parcel features spacious, fenced gardens perfect for gardening enthusiasts with raised beds, fruit trees, and room to expand. Inside, the custom floor plan offers great separation of space with an open-concept great room, a well-appointed kitchen, and balconies overlooking adjacent pastureland and coastal horizons. The 440 sq ft unfinished "man cave" on the ground floor is ideal for tools, toys, or creative space. Multiple heating and A/C zones ensure year-round comfort. Wildlife, sunsets, and serenity await. Combining natural beauty with modern convenience, this home offers a picturesque lifestyle in the sought-after Santa Cruz Mountains. Appraised at $1.3M in 2021 don't miss your chance to make it yours!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 2,836 | 1,733 | 82% |
| Lot Size | 59,024 | 7,100 | 88% |
| Price | $1.05M | $1.36M | 14% |
| Price per sq ft | $370 | $837 | 2% |
| Built year | 2005 | 1978 | 93% |
| HOA | $0 | $0 | 50% |
| Days on market | 231 | 100 | 88% |
Mar 17, 2026
$1,049,900
$1,099,000
-4% Price Drop
Initial Listing
Feb 10, 2026
$1,099,000
$1,149,900
-4% Price Drop
Initial Listing
Nov 17, 2025
$1,149,900
$1,196,000
-4% Price Drop
Initial Listing
Sep 3, 2025
$1,196,000
Initial Listing