514 Meder Street, Santa Cruz, California 95060, Santa Cruz, 95060 - 5 bed, 2 bath
ACTIVE$5,750,000
514 Meder Street, Santa Cruz, California 95060
5Beds
2Baths
2,208Sqft
101,495Lot
Year Built
2014
Close
-
List price
$5.75M
Original List price
$5.75M
Price/Sqft
$2,604
HOA
-
Days on market
-
Sold On
-
MLS number
ML82014613
Home ConditionExcellent
Features
Good View: Trees/Woods
ViewTrees/Woods
About this home
We found 3 Cons,6 Pros. Rank: price - $5.75M(99th), sqft - 2208(67th), beds - 5(95th), baths - 2(50th).
Price includes 2 parcels: 514 Meder will only be sold with adjoining 518 Meder (APN 002-013-22 which adds another SFR and approx 16,000 feet of land.) Together they comprise approx 2.7 acres currently zoned R-1-10, with two rental houses plus 4 detached art studios. Current rental income $12,000/month. Very desirable location with very desirable potential.
Price History
Date
Event
Price
07/28/25
Listing
$5,750,000
Condition Rating
Excellent
The property was built in 2014, placing it within the 'Excellent' category's age criteria (within 10 years). The interior images, particularly of the kitchen and bathrooms, showcase modern finishes, stainless steel appliances, clean white cabinetry, and well-maintained wood/laminate flooring. These areas appear virtually new with no visible deferred maintenance, meeting current quality standards. While the property includes multiple structures with some rustic exteriors, the primary living spaces depicted are in excellent, move-in ready condition.
Pros & Cons
Pros
High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 101495, living area = 2208.
High Rental Income: The property currently generates a substantial rental income of $12,000 per month from its existing structures, offering an immediate return on investment.
Significant Development Potential: Comprising two parcels totaling approximately 2.7 acres with R-1-10 zoning, the property is explicitly noted for its 'very desirable potential,' suggesting opportunities for subdivision or further development.
Expansive Lot Size: The large lot size of approximately 2.7 acres (101,495 sqft) provides rare privacy, ample space, and flexibility for various uses in a desirable Santa Cruz location.
Multiple Income-Generating Structures: The property includes two rental houses and four detached art studios, offering diverse income streams and versatile usage options for owners or tenants.
Prime Santa Cruz Location: Situated in a 'very desirable location' within Santa Cruz, the property benefits from the city's strong real estate market and coastal appeal.
Cons
Premium Price Point: The list price of $5,750,000 represents a significant investment, which may limit the pool of potential buyers to a niche market.
Complex Due Diligence: The sale involves two parcels and multiple structures (two SFRs, four studios), requiring extensive due diligence regarding zoning, permits, and property conditions for all components.
Management Intensity: Managing two rental houses and four art studios entails significant ongoing maintenance, tenant management, and operational responsibilities, which may not appeal to all buyers.