5005 Shady Creek Lane, Granite Bay, CA 95746, Granite Bay, 95746 - 3 bed, 3 bath
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Granite Bay, CA 95746
This Custom Ranch-Style Value-Add Estate is listed at $1,188,000, reflecting the high land value and premium location relative to its $1,116,282 Fair Market Value. Holding a Condition Rating of 4, the interior is functional but stylistically dated, offering a significant opportunity for forced appreciation through cosmetic modernization. The expansive 1.25-Acre Lot features a 660 sqft Detached Shop and serene Wooded Views, providing rare utility for hobbyists or ADU development. With No HOA and proximity to Top-Rated Schools, this asset is ideal for Value-Add Investors or Owner-Occupants looking to build equity through renovation.
Property is moderate renovation needed.
Built in 1975 and maintained by the same family for nearly 50 years, the home is in clean, functional condition but is stylistically outdated. The kitchen retains older dark wood cabinetry and tile countertops, and while the flooring has been updated to a modern laminate/vinyl, the overall interior—including wallpapered dining areas and original architectural features—requires cosmetic modernization to meet current market standards.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 54450, living area = 2124.
The 1.25-acre lot provides exceptional privacy and includes a detached 660 sqft shop, offering significant potential for a workshop, car collection, or conversion into an Accessory Dwelling Unit (ADU).
With no HOA fees and no Mello Roos taxes, this property offers a lower monthly carrying cost and fewer restrictions compared to many other luxury developments in the Granite Bay area.
Having been owned by the same family for nearly 50 years, the home likely requires significant cosmetic updates and modern renovations to meet the standards of today's luxury buyers.
Built in 1975, the property may require capital investment for deferred maintenance or upgrades to major systems such as HVAC, roofing, or plumbing to ensure long-term efficiency.
Location, Location, Location. Built as the builders own home. A Rare Gem in Granite Bay! Nestled at the end of a private lane in the heart of Granite Bay, this custom, single-story ranch-style home offers a rare blend of Privacy, and timeless appeal. Step inside to find a spacious living area anchored by a stunning natural stone fireplace, vaulted ceilings, and exposed beams, creating a warm, inviting atmosphere with a rustic touch. The layout is ideal for daily living and entertaining. Sitting on 1.25 acres, the home has been lovingly cared for by the same family for nearly 50 years, and is now ready to begin a new chapter. The oversize 2 car Garage includes a large separate room providing excellent storage. Even more value is added with the detached 660 sqft shop, and there is plenty of room for RV or other parking needs. The shop provides the perfect space for automotive enthusiasts, hobbyists, or those with a vision for a future ADU (Accessory Dwelling Unit). Beyond the spacious rear deck there's room for a pool, outdoor kitchen, sports court, etc. Located close to top-rated schools, shopping, and excellent dining, this is a property that combines the best of country-style living with modern convenience. Don't miss this opportunity to own a truly special home in Granite Bay. With No HOA or Mello Roos Taxes this home is certainly one you will want to see and call your own.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 4.0 | 19% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 2,124 | 3,032 | 17% |
| Lot Size | 54,450 | 14,806 | 92% |
| Price | $1.15M | $1.25M | 40% |
| Price per sq ft | $541 | $406 | 92% |
| Built year | 1975 | 1994 | 16% |
| HOA | $0 | $194 | 21% |
| Days on market | 99 | 197 | 5% |
May 25, 2026
$1,150,000
$1,188,000
-3% Price Drop
Initial Listing
Feb 27, 2026
$1,188,000
Initial Listing