1960 Maciel AveSanta Cruz, CA 95062

Property Details for 1960 Maciel Ave

Lot size

2.37 AC

Property type

Land

Property subtype

Multifamily properties

Description

This exceptional 2.37-acre development opportunity in Santa Cruz County, California, presents an approved tentative map for 21 detached single-family homes. The project features three distinct floor plans, each boasting three bedrooms and attached two-car garages. Two floor plans offer three bathrooms, while the third includes 2.5 bathrooms. Home sizes range from a comfortable 1,670 square feet to a spacious 2,330 square feet, catering to a diverse range of buyers. Located at 1960 Maciel Ave, Santa Cruz, CA 95062 (APN: 029-391-09-000), this prime location offers unparalleled convenience. Residents will enjoy easy access to Highway 1 via nearby interchanges, and a wealth of amenities are within close proximity, including Whole Foods, Trader Joe's, Target, CVS, numerous restaurants, and various retail establishments. Capitola Village and multiple beaches are less than two miles away, and the University of California, Santa Cruz, is under seven miles from the property. The strong local market supports this venture, with a Q3 2024 median detached home price of $1,497,500 in Live Oak and a median household income within a five-mile radius of $87,220, significantly exceeding the national average. This presents a compelling investment opportunity with significant potential for substantial returns. The asking price for this fully approved development is $7,500,000.

Location Insight

City

Santa Cruz

County

Santa Cruz

State

California

Latitude

36.9784

Longitude

-121.976

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