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

707 Santa Cruz Lane, Foster City, California 94404 home-pic-0

707 Santa Cruz Lane

Foster City, California 94404

ACTIVE
CONDITION: EXCELLENT
3Beds
3Baths
2,240Sq Ft
6,231Lot Size

Property Price

LIST PRICE$2,490,000
EST. MARKET VALUE
$2,704,370
7% BelowMARKET VALUE

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

$2,704,370 +$214,370 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Foster City.

Comparable Sales Map

Comparables within 1 miles sold in recently

Address Sold Price BedsBathsSq Ft$/SqftDistance
707 Santa Cruz Lane
Subject
$2,490,000*
List Price
332,240$1,207-
A
608 Bahama Lane
Sold
$2,905,000332,300$1,2630.1 mi
B
600 Bainbridge Street
Sold
$2,775,000432,120$1,3090.4 mi
C
831 Schooner Street
Sold
$2,460,000432,250$1,0930.5 mi
D
221 Shearwater
Sold
$2,800,000432,180$1,2841.0 mi
E
667 Sandy Hook Court
Sold
$2,800,000432,360$1,1860.6 mi
F
801 Grenada Lane
Active
$2,688,000
List Price
332,170$1,2390.2 mi

* Subject property listed price vs sold prices of comps.

Condition Analysis

OVERALL CONDITION SCORE

Excellent
TeardownExcellent

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

FeatureSubjectAverage HomeNeighborhood Ranking (50 Listings)
Beds3.04.0
38%
Baths3.03.0
50%
Square foot2,2401,930
65%
Lot Size6,2315,556.5
65%
Price$2.49M$2.33M
58%
Price per sq ft$1.1K$1.1K
50%
Built year19771972
73%
HOA$338.0$0
85%
Days on market23174
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

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