
Santa Cruz, California 95062
This High-Potential Investment Opportunity is listed at $1,039,000, positioned well below the $1,064,129 Fair Market Value by 2%. This valuation gap offers $25,129 in Instant Equity. Featuring a Condition Rating of 4, the property offers significant upside through cosmetic modernization of its 1980s-era interiors. With indoor pool access, park views, and a prime coastal location, this asset is ideal for Buy-and-Hold Investors or Owner-Occupants seeking a value-add coastal retreat.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 79 S Branciforte Avenue Subject | $989,000* List Price | 2 | 3 | 1,672 | $599 | - |
A 318 Soquel Avenue D3 Sold | $725,000 | 2 | 2 | 1,180 | $614 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1985, this property is nearly 40 years old and retains most of its original features. The kitchen and bathrooms are functional and well-maintained but significantly dated, featuring 1980s-style oak cabinetry, white tile countertops, and older appliances. While move-in ready, it requires cosmetic updates to meet modern standards.
Ideally situated within a 10-minute walk to both the Santa Cruz main beach and local favorites like The Buttery, offering a quintessential coastal lifestyle and high desirability.
The floor plan features two private upstairs suites and a flexible bonus space, complemented by soaring ceilings and skylights that maximize natural light and interior volume.
Residents benefit from a secure gated community setting with premium facilities including an indoor pool, racquetball court, and direct access to an adjacent expansive park.
The monthly HOA fee of $899 is relatively high, which may impact buyer affordability and the property's overall investment yield compared to other local options.
Built in 1985, the unit may require interior cosmetic updates or system modernizations to align with current luxury standards at this million-dollar price point.
Just moments from the Santa Cruz main beach and stunning coastline, this spacious condo is tucked within a gated community at the end of a road, offering an exceptional blend of privacy, lifestyle, and location. Featuring the rare advantage of two private upstairs suites, a versatile flex space, soaring ceilings and a skylight to allow natural light to flood in. The peaceful grounds, an indoor pool, racquetball court, and two dedicated parking spaces add to the appeal. Step outside, past the gate, to an expansive park with a playground, basketball court and room for family and dogs to enjoy. Follow the winding path toward the coastline and take in views of the iconic Santa Cruz Beach Boardwalk, fresh ocean air and relaxed coastal atmosphere. From here, it's roughly a 10-minute walk in one direction to toes in the sand, and 10 minutes the other direction for a hot coffee and delicious pastry at The Buttery. This property is a win-win no matter which direction you turn. So whether you want a full-time residence, an investment opportunity or your own coastal weekend retreat, this rare offering reflects the relaxed coastal energy, natural beauty, and easygoing lifestyle that make Santa Cruz so uniquely special!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 3.0 | 2.0 | 86% |
| Square foot | 1,672 | 1,180 | 86% |
| Lot Size | - | 741 | 29% |
| Price | $989.0K | $725.0K | 71% |
| Price per sq ft | $592 | $682 | 29% |
| Built year | 1985 | 1980 | 86% |
| HOA | $899.0 | $750 | 86% |
| Days on market | 25 | 144 | 14% |
Jun 12, 2026
$989,000
$1,039,000
-5% Price Drop
Initial Listing
May 22, 2026
$1,039,000
Initial Listing
Jun 15, 2007
$583,000
Public Record
Jul 16, 2003
$400,000
Public Record
Jul 13, 2000
$319,000
Public Record