8505 Santa Cruz, Atascadero, California 93422, Atascadero, 93422 - 3 bed, 3 bath

8505 Santa Cruz, Atascadero, California 93422 home-pic-0

8505 Santa Cruz

Atascadero, California 93422

ACTIVE
CONDITION: GOOD
3Beds
3Baths
2,700Sq Ft
186,001Lot Size

Property Price

LIST PRICE$999,000
EST. MARKET VALUE
$1,061,636
5% BelowMARKET VALUE

SUMMARY

Analysis of 8505 Santa Cruz, Atascadero, California 93422 reveals a Prime Investment Opportunity with a current list price of $999,000—significantly undercutting the $1,061,636 Fair Market Value by 5%. This valuation gap indicates a +$62,636 Instant Equity potential for buyers. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. Located in a high-demand neighborhood within the Atascadero 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

$1,061,636 +$62,636 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Atascadero.

Comparable Sales Map

Comparables within 1 miles sold in recently

Address Sold Price BedsBathsSq Ft$/SqftDistance
8505 Santa Cruz
Subject
$999,000*
List Price
332,700$393-
A
9350 Santa Cruz Rd
Sold
$1,225,000533,199$3830.7 mi

* Subject property listed price vs sold prices of comps.

Condition Analysis

OVERALL CONDITION SCORE

Good
TeardownExcellent

Property is move-in ready.

The property is move-in ready and shows pride of ownership with significant updates. Although built in 1992, the home features a contemporary kitchen with granite countertops and stainless steel appliances, high-quality hardwood flooring, and updated bathroom vanities. The interior and exterior systems appear well-maintained, and the addition of premium outdoor amenities like the putting green and firepit indicates the property has been kept in high-quality 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 = 186001, living area = 2700.

  • Expansive Private Acreage

    Situated on approximately 4.27 tranquil acres surrounded by mature oak trees, this property offers exceptional privacy and a serene natural setting that is rare to find.

  • Versatile Living & Bonus Space

    The 2,700 sqft floor plan includes a significant bonus area and vaulted ceilings, providing flexible space for a home gym, hobby room, or future expansion to suit various lifestyle needs.

CONSRISKS & DEFICIENCIES

  • Market Pricing Volatility

    Multiple recent price reductions from the original $1.075M listing price and the 'highly motivated' seller status may indicate previous overvaluation or difficulty securing a buyer at the current price point.

  • High Lot Maintenance

    The large 4.27-acre lot with dense natural vegetation and oak trees requires significant ongoing labor and expense to manage landscaping and maintain fire-safe defensible space.

About 8505 Santa Cruz

This stunning 2700 sf, 3 bedroom, 3 bathroom home sits on ~4.27 tranquil acres, offering the perfect blend of privacy, comfort and breathtaking views. The layout is practical and welcoming, with easy ground-floor access just a few steps from the garage, making everyday living simple and convenient. Inside the main living area and you’re immediately welcomed by beautiful hardwood floors, vaulted ceilings and expansive windows that frame the spectacular scenery beyond. A quaint wood-burning stove with a brick surround anchors the living room, creating a cozy focal point for cool evenings. The dining area is thoughtfully positioned between the living room and kitchen, making it ideal for both everyday living and entertaining. The contemporary kitchen features granite countertops, stainless steel appliances and a spacious walk-in pantry, offering both style and functionality. Down the hall, you’ll find two comfortable guest bedrooms and a well-appointed main bathroom. At the end of the hallway, the primary suite serves as a private retreat, boasting vaulted ceilings and multiple windows that flood the space with natural light. The ensuite bathroom includes dual granite topped vanities, a walk-in closet and a separate bathing area with a relaxing soaking tub/shower combination. The home also features a spectacular bonus area that provides endless possibilities—perfect for a family room, exercise space, hobby area or even future expansion. Outside, the property truly shines. A spacious back patio offers ample room for entertaining or simply relaxing and taking in the surroundings. To the side of the home, enjoy a fantastic firepit and putting green that is sure to provide hours of fun and memorable gatherings. A large RV parking area accommodates a trailer, boat or additional vehicles with ease. With its divine location, open space and serene natural setting, this exceptional property is a must-see for those seeking privacy, views and a true connection to nature. THE SELLER IS HIGHLY MOTIVATED, don’t miss your opportunity to own this captivating property. Please review the Virtual Tour for more information.

Property Details

Public Facts

Property Type
Single Family Residence
Year Built
1992
Lot Size
186,001 Sq. Ft.

Interior

Total Bedrooms
3
Total Bathrooms
3 (3 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

FeatureSubjectAverage HomeNeighborhood Ranking (50 Listings)
Beds3.03.0
50%
Baths3.02.0
57%
Square foot2,7001,906
78%
Lot Size186,00127,500
86%
Price$999.0K$849.0K
72%
Price per sq ft$370$462
17%
Built year19921984
63%
HOA$0$0
50%
Days on market38171
4%

Pricing History

Listed for Sale

Mar 5, 2026

$999,000

$1,025,000

-3% Price Drop

Initial Listing

Price Change

Feb 26, 2026

$1,025,000

$1,049,000

-2% Price Drop

Initial Listing

Price Change

Feb 25, 2026

$1,049,000

Initial Listing

Price Change

Jan 28, 2026

$1,075,000

Initial Listing

Sold

Sep 22, 2021

$875,000

Public Record

Sold

Oct 26, 1999

$252,500

Public Record

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