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. Maintaining a Good Condition Rating, the home features panoramic Pacific views, a professional-grade kitchen, and modern coastal engineering. With direct beach access via retractable stairs and a massive 23,043 sqft lot, this property balances coastal luxury with financial logic. It is a premier acquisition for Owner-Occupants or High-Net-Worth 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 | $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.
This 1997-built oceanfront estate is in move-in ready condition with high-end finishes that exceed its chronological age. The kitchen is a standout feature, updated with professional-grade stainless steel appliances, a large center island with stone countertops, and custom cabinetry. The interior boasts luxury elements such as hardwood flooring, coffered wood ceilings in the media room, and modern coastal engineering. While the property is over 20 years old, it has been meticulously maintained and partially updated, fitting the 'good' criteria for well-maintained systems and high-quality components without a full top-to-bottom renovation within the last 5 years.
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 exclusive Las Olas Drive, this estate offers rare privacy, panoramic Pacific views, and direct beach access via private retractable stairs.
The residence incorporates advanced structural investments, including deep-driven support systems designed to elevate and protect the home from tidal influence and coastal 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.
As an oceanfront property built in 1997, the structure requires rigorous and costly ongoing maintenance to mitigate the corrosive effects of salt air and the marine environment.
Despite advanced engineering, the property remains subject to the inherent long-term risks of coastal erosion and rising sea levels common to Santa Cruz County shorelines.
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 | 90% |
| Baths | 5.0 | 3.0 | 96% |
| Square foot | 5,332 | 1,946 | 97% |
| Lot Size | 23,043 | 7,035 | 82% |
| Price | $11.90M | $1.60M | 99% |
| Price per sq ft | $2.2K | $851 | 97% |
| Built year | 1997 | 1975 | 81% |
| HOA | $200.0 | $0 | 88% |
| Days on market | 14 | 182 | 1% |
Apr 8, 2026
$11,900,000
Initial Listing
May 16, 2003
$6,500,000
Public Record