707 Santa Cruz Lane, Foster City, California 94404, Foster City, 94404 - 3 bed, 3 bath

707 Santa Cruz Lane
Foster City, California 94404
Property Price
SUMMARY
Analysis of 707 Santa Cruz Lane, Foster City, California 94404 reveals a Prime Investment Opportunity with a current list price of $2,490,000—significantly undercutting the $2,704,370 Fair Market Value by 7%. This valuation gap indicates a +$214,370 Instant Equity potential for buyers. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. Located in a high-demand neighborhood within the Foster City Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 707 Santa Cruz Lane Subject | $2,490,000* List Price | 3 | 3 | 2,240 | $1,207 | - |
A 608 Bahama Lane Sold | $2,905,000 | 3 | 3 | 2,300 | $1,263 | 0.1 mi |
B 600 Bainbridge Street Sold | $2,775,000 | 4 | 3 | 2,120 | $1,309 | 0.4 mi |
C 831 Schooner Street Sold | $2,460,000 | 4 | 3 | 2,250 | $1,093 | 0.5 mi |
D 221 Shearwater Sold | $2,800,000 | 4 | 3 | 2,180 | $1,284 | 1.0 mi |
E 667 Sandy Hook Court Sold | $2,800,000 | 4 | 3 | 2,360 | $1,186 | 0.6 mi |
F 801 Grenada Lane Active | $2,688,000 List Price | 3 | 3 | 2,170 | $1,239 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is new construction or fully renovated.
Although originally built in 1977, the property has undergone extensive recent renovations that meet modern luxury standards. Key features include a gourmet kitchen with sleek cabinetry and stainless steel appliances, a contemporary bi-fold patio door system, and a fully updated primary ensuite with a large walk-in shower and dual vanities. The presence of durable hard flooring throughout and modern window treatments indicates a high level of recent investment and no deferred maintenance.
PROSSTRENGTHS & OPPORTUNITIES
- Waterfront Amenities
The property features a rare deep-water dock and sweeping water views, offering direct access for boating and kayaking right from the backyard.
- Indoor-Outdoor Living
A modern bi-fold patio door and soaring ceilings create a seamless transition between the elegant interior and the waterfront deck, perfect for entertaining.
- Quiet West Side Location
Located on the highly desirable west side of Foster City, this home enjoys a peaceful setting away from the SFO flight path while being near top-tier schools.
CONSRISKS & DEFICIENCIES
- Recent Price Depreciation
The listing price has been reduced to $2.49M, which is significantly lower than its May 2024 sale price of $3M, suggesting a sharp market correction or potential valuation concerns.
- Ongoing Association Costs
Buyers must account for a $338 monthly association fee in addition to the maintenance requirements typical of a waterfront home built in 1977.
About 707 Santa Cruz Lane
Enjoy sweeping water views from this elegant home, just a short stroll to Sea Cloud Park. A bi-fold patio door creates a seamless flow between indoor and outdoor living, perfect for entertaining family and friends in the soaring living and dining rooms that feel almost perched on the water. The open layout connects the sunroom, deck, and interior spaces with ease, while durable hard floors run throughout. The gourmet kitchen features sleek cabinetry, stainless steel appliances, a center island, and a sunny breakfast nook. Upstairs, all bedrooms are conveniently located on the same level. The spacious primary suite offers two walk-in closets, ample room for a desk or sitting area, modern window treatments, and a luxurious ensuite bath with dual vanities and a large walk-in shower. A rare highlight: a deep-water dock that can accommodate a large boatideal for kayaking or boating to the nearby shopping center with its market, banks, and restaurants. Tucked away on the highly desirable west side, youll enjoy a quieter location away from the flight path. With top elementary and middle schools nearby, this is a rare opportunitystop searching and start your waterfront lifestyle today!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1977
- Lot Size
- 6,231 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $338.0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 4.0 | 38% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 2,240 | 1,930 | 65% |
| Lot Size | 6,231 | 5,556.5 | 65% |
| Price | $2.49M | $2.33M | 58% |
| Price per sq ft | $1.1K | $1.1K | 50% |
| Built year | 1977 | 1972 | 73% |
| HOA | $338.0 | $0 | 85% |
| Days on market | 23 | 174 | 4% |
Pricing History
Listed for Sale
Feb 27, 2026
$2,490,000
$2,800,000
-11% Price Drop
Initial Listing
Price Change
Feb 12, 2026
$2,800,000
Initial Listing
Sold
May 20, 2024
$3,000,000
Public Record
Sold
Sep 29, 2005
$1,275,500
Public Record























































