797 Las Olas Dr, Aptos, California 95003, Aptos, 95003 - 5 bed, 5 bath
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Aptos, California 95003
This Exceptional Oceanfront Estate is a Strong Value Opportunity, listed at $11,900,000—positioned well below the $12,752,698 Fair Market Value by 6%. This valuation gap offers $852,698 in Instant Equity. Boasting a Condition Rating of 3 with high-end renovations, the home features panoramic Pacific views, modern coastal engineering, and retractable beach stairs. Located in an exclusive enclave of only 29 homes, it offers rare privacy and lifestyle luxury. This is a premier acquisition for Owner-Occupants or Luxury Real Estate Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 797 Las Olas Dr Subject | $11,900,000* List Price | 5 | 5 | 5,332 | $2,392 | - |
A 765 Las Olas Drive Active Under Contract | $8,745,000 List Price | 4 | 5 | 3,590 | $2,436 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 1997 (29 years old), the property exceeds its age-based category due to high-end maintenance and quality renovations. The kitchen and bathrooms feature premium marble, custom cabinetry, and professional-grade appliances consistent with a 5-15 year renovation cycle. The inclusion of modern coastal engineering and deep-driven support systems ensures structural longevity, making the home fully functional and move-in ready.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 23043, living area = 5332.
Situated at the end of the coveted Las Olas Drive with only 29 homes, this estate offers rare privacy, direct beach access via retractable stairs, and panoramic Pacific views.
The residence features advanced structural investments, including deep-driven support systems designed to protect against tidal influence and ensure long-term durability against the elements.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 5332, other record living area = 3892. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 5, other record bedroom count = 4.
The direct oceanfront exposure subjects the property to constant salt air and moisture, necessitating rigorous and costly ongoing maintenance to preserve the exterior and mechanical systems.
The $11.9 million price point combined with the specialized insurance requirements for coastal properties limits the pool of potential buyers to a very specific high-net-worth demographic.
Rarely available and even more breathtaking in person than online, this EXCEPTIONAL OCEANFRONT ESTATE with its own gate and courtyard at the end of coveted Las Olas Drive offers PANORAMIC PACIFIC VIEWS, expansive indoor-outdoor living, & rare privacy in one of Aptos' most sought-after enclaves. Thoughtfully designed for both entertaining & everyday living, the home features SUN-FILLED interiors, walls of glass, generous gathering spaces, & multiple ocean-view terraces. A flexible floor plan provides separation & comfort for guests & extended stays. Built with longevity in mind, the home incorporates MODERN COASTAL ENGINEERING designed to endure the elements, including substantial structural investment with deep-driven support systems that elevate & protect the residence from tidal influence. RETRACTABLE STAIRS and OUTDOOR SHOWER offer effortless beach access! Outdoor spaces are designed for year-round enjoyment - whether hosting sunset gatherings or relaxing to the sound of waves. With LIMITED OCEANFRONT INVENTORY in Santa Cruz County, this is a rare opportunity to secure long-term coastal lifestyle and value on Las Olas! Close to Santa Cruz, Capitola, Silicon Valley & San Francisco. Large garage and ample parking! Only 29 homes on this street. Come see it today!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 3.0 | 93% |
| Baths | 5.0 | 3.0 | 93% |
| Square foot | 5,332 | 1,746.5 | 97% |
| Lot Size | 23,043 | 8,096 | 84% |
| Price | $11.90M | $1.48M | 99% |
| Price per sq ft | $2.2K | $850 | 97% |
| Built year | 1997 | 1978 | 85% |
| HOA | $200.0 | $0 | 88% |
| Days on market | 68 | 120 | 21% |
Apr 8, 2026
$11,900,000
Initial Listing
May 16, 2003
$6,500,000
Public Record