553 Beach Drive, Aptos, California 95003, Aptos, 95003 - 4 bed, 3 bath

553 Beach Drive, Aptos, California 95003 home-pic-0
ACTIVE$6,495,000
553 Beach Drive, Aptos, California 95003
4Beds
3Baths
2,150Sqft
10,193Lot

Price Vs. Estimate

The estimated value ($6,495,000) is $0 (0%) lower than the list price ($6,495,000). This property may be overpriced.

Key pros and cons

Top Pros:
Oceanfront Location & Panoramic Views: The property boasts an unparalleled oceanfront location with sweeping panoramic views from Santa Cruz to Monterey, offering direct access to the sandy shore.
Top Cons:
High Price Point Relative to Square Footage: At 2150 sqft for $6.495M, the property commands a very high price per square foot, potentially limiting the buyer pool to those prioritizing location over size.

Compared to the nearby listings

Price:$6.50M vs avg $1.50M (+$4,995,500)98%
Size:2,150 sqft vs avg 1,948 sqft66%
Price/sqft:$3.0K vs avg $80798%

More Insights

Built in 2007 (18 years old).
Condition: Built in 2007, this luxury oceanfront property appears to be in virtually new condition, consistent with the 'excellent' rating. The description highlights 'masterfully designed' and 'impeccably constructed' with 'high-end appliances' and 'elegant finishes.' Images confirm a pristine interior with a stunning kitchen featuring professional-grade stainless steel appliances, high-quality stone countertops, and custom cabinetry. Bathrooms are equally luxurious with modern fixtures and finishes. All flooring, lighting, and visible components show no signs of wear and tear, meeting current quality standards with no deferred maintenance, indicating exceptional upkeep for its age.
Year Built
2007
Close
-
List price
$6.5M
Original List price
$6.89M
Price/Sqft
$3,021
HOA
$600
Days on market
-
Sold On
-
MLS number
ML82000692
Home ConditionExcellent
Features
Excellent View: Bay, City Lights, Hills, Neighborhood, Ocean, Water
Deck
ViewBay,City Lights,Hills,Neighborhood,Ocean,Water

About this home

BIG $400,000 Price Drop! Oceanfront Luxury nestled behind private gates. This exquisite beach home is masterfully designed by renowned architect Thatcher Thompson & impeccably constructed by DeMattei Construction. A charming central courtyard beckons from behind an unassuming entry door, interconnecting different wings of the property through sliding doors & revealing a breathtaking coastal landscape. Every detail has been meticulously considered, ensuring a blend of comfort & sophistication. Step into an impressive great room, where high ceilings, big picture windows, & elegant finishes create an ambiance of grandeur. Adjacent, the equally stunning kitchen beckons with high-end appliances & an expansive island dining bar. Inside, find multiple places to relax & retreat, whether by the fireplace, in the cozy den, or on the expansive oceanfront deck. Immerse yourself in the serenity of coastal living with sweeping views from Santa Cruz to Monterey & steps leading directly to the sandy shore. Watch dolphins & whales play in the ocean, birds stroll along the sand, & sunsets paint the sky in hues of gold and pink. Restaurants & everyday amenities just a short distance away. A rare opportunity to embrace the lifestyle you've always dreamed of.

Condition Rating
Excellent

Built in 2007, this luxury oceanfront property appears to be in virtually new condition, consistent with the 'excellent' rating. The description highlights 'masterfully designed' and 'impeccably constructed' with 'high-end appliances' and 'elegant finishes.' Images confirm a pristine interior with a stunning kitchen featuring professional-grade stainless steel appliances, high-quality stone countertops, and custom cabinetry. Bathrooms are equally luxurious with modern fixtures and finishes. All flooring, lighting, and visible components show no signs of wear and tear, meeting current quality standards with no deferred maintenance, indicating exceptional upkeep for its age.
Pros & Cons

Pros

Oceanfront Location & Panoramic Views: The property boasts an unparalleled oceanfront location with sweeping panoramic views from Santa Cruz to Monterey, offering direct access to the sandy shore.
Masterful Design & High-End Construction: Designed by renowned architect Thatcher Thompson and built by DeMattei Construction, the home exhibits meticulous attention to detail and superior craftsmanship.
Luxurious Interior & Premium Amenities: Features an impressive great room with high ceilings and large windows, a stunning kitchen with high-end appliances, and multiple relaxation areas including an oceanfront deck.
Exclusive Gated Privacy: Nestled behind private gates, the property offers enhanced security and a secluded, exclusive living environment.
Recent Price Adjustment: A significant $400,000 price reduction from the original listing price presents a more attractive value proposition for potential buyers.

Cons

High Price Point Relative to Square Footage: At 2150 sqft for $6.495M, the property commands a very high price per square foot, potentially limiting the buyer pool to those prioritizing location over size.
Substantial Monthly Association Fee: The $600 monthly association fee is considerable for a single-family residence, adding a notable recurring cost to ownership.
Initial Overpricing Indicated by Price Drop: The substantial price reduction, while beneficial to buyers, may suggest the property was initially overpriced, potentially impacting market perception or time on market.

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