721 Prospect Heights, Santa Cruz, California 95065, Santa Cruz, 95065 - 3 bed, 1 bath
721 Prospect Heights
Santa Cruz, California 95065
Property Price
SUMMARY
Estimated Market Value
Condition Analysis
OVERALL CONDITION SCORE
Property is extensive renovation needed.
Built in 1900, this home is explicitly marketed as a fixer-upper requiring extensive renovation. The kitchen and single bathroom are significantly outdated with aging appliances and fixtures. The property shows substantial wear, including dated flooring and wood paneling, and the listing emphasizes the land's development potential over the current structure's condition.
PROSSTRENGTHS & OPPORTUNITIES
- 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 = 11848, living area = 1020.
- Development Potential
The expansive 11,848 sqft lot offers significant opportunity for a lot split or the addition of an ADU, providing excellent value-add potential for investors or developers.
- Prime Location
Situated in the highly desirable Prospect Heights neighborhood, the property is within walking distance to De Laveaga Elementary and minutes from beaches, hiking trails, and golf courses.
CONSRISKS & DEFICIENCIES
- Extensive Renovation Required
Built in 1900 and explicitly sold as a fixer-upper, the home requires a substantial capital investment to modernize the interior and address aging infrastructure.
- Limited Interior Scale
With only 1,020 square feet of living space and a single bathroom for three bedrooms, the current layout is undersized for modern family expectations and may require a structural expansion.
About 721 Prospect Heights
This older, single-level home is located off the main road in the desirable Prospect Heights neighborhood. It is waiting to be remodeled so bring your vision. The interior features a spacious, open living room equipped with a wood stove. Both the living room and primary bedroom offer access to private decks. Additional features include a separate utility room, a basement for extra storage, and a detached 2 car garage with workshop space. The large lot boasts meandering gardens, a beautiful redwood tree, a greenhouse, a pond and storage shed. It is in walking distance to De Laveaga Elementary School and easy access to nearby hiking trails, a golf course and just minutes from the beach. This property offers significant potential for its next owner, and may be a good candidate for a lot split and/or ADU.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1900
- Lot Size
- 11,848 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 1.0 | 2.0 | 31% |
| Square foot | 1,020 | 1,710.5 | 31% |
| Lot Size | 11,848 | 10,716 | 56% |
| Price | $1.34M | $1.32M | 50% |
| Price per sq ft | $1.3K | $852 | 94% |
| Built year | 1900 | 1967 | 6% |
| HOA | $0 | $0 | 50% |
| Days on market | 32 | 173 | 13% |
Pricing History
Listed for Sale
Feb 19, 2026
$1,345,000
$1,350,000
+0% Price Increase
Initial Listing
Price Change
Feb 12, 2026
$1,350,000
$1,499,000
-10% Price Drop
Initial Listing
Price Change
Feb 3, 2026
$1,499,000
Initial Listing