507 Market Street, Santa Cruz, California 95060, Santa Cruz, - bed, bath

home-pic
ACTIVE$980,000
507 Market Street, Santa Cruz, California 95060
1Bed
2Baths
800Sqft
12,589Lot
Year Built
1944
Close
-
List price
$980K
Original List price
$1.1M
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
ML81995124
Home ConditionExcellent
Features
Good View: Park/Greenbelt, River
Deck
Patio
ViewPark/Greenbelt, River

About this home

MAJOR PRICE REDUCTION! Don't miss this AMAZING opportunity. A one-of-a-kind property along Branciforte Creek! Beautifully landscaped with two outdoor gazebos, an outdoor kitchen with hot and cold running water, gas grill and an inviting outdoor living space with a gas fire table for your enjoyment with family and friends. Also a bonus creekside gazebo/garden area. This lovely home includes open kitchen, gas stove, on demand water heater, lots of counter space and living room, all with sweeping views over the creek. While this is a particularly large lot, it has one main bedroom and one bathroom in the main living area. Additionally, there is a sunroom upstairs with a deck to also enjoy the abundance of nature surrounding this property. At ground level is a garage with laundry hook-ups, work bench and storage, wet-bar and a second bathroom. There is also an outbuilding with two rooms and a full bath. Last but not least, there is yet another gazebo area with a beautiful Zen-garden, which makes for an amazing place for morning yoga. Off-street parking accommodates up to five vehicles. Easy commute access to highways 1 and 17. Close to the beautiful De LaVeaga Park, beaches, the harbor and downtown Santa Cruz for all your needs and conveniences.

Price History

Date
Event
Price
08/07/25
Price Change
$980,000
02/24/25
Listing
$1,098,000
Neighborhood Comparison

 SubjectAverage HomeNeighbourhood Ranking (87 Listings)
Beds13
1%
Baths22
50%
Square foot8001,792
6%
Lot Size12,5897,754
68%
Price$980K$1.5M
7%
Price per square foot$1,225$903
89%
Built year19449850985
19%
HOA
Days on market254152
98%
Condition Rating
Excellent

Despite being built in 1944, this property has undergone extensive and recent renovations, bringing its condition to an excellent standard. The interior, particularly the kitchen and bathrooms, features modern finishes, new flooring (LVP/laminate), updated light fixtures, and fresh paint, all appearing virtually new. The description also highlights an 'on demand water heater' and the images showcase beautifully landscaped outdoor spaces with new gazebos and a modern outdoor kitchen, indicating significant investment in upgrades within the last 5 years.
Pros & Cons

Pros

Exceptional Outdoor Living & Landscaping: The property boasts extensive, beautifully landscaped outdoor spaces including multiple gazebos, an outdoor kitchen with hot/cold water and gas grill, and a gas fire table, creating an inviting entertainment oasis.
Prime Creekside Location & Views: Situated along Branciforte Creek with sweeping views, offering a serene natural setting while being conveniently close to De LaVeaga Park, beaches, the harbor, and downtown Santa Cruz.
Versatile Auxiliary Spaces: Significant additional living and functional areas include an upstairs sunroom with a deck, a garage with laundry/workbench/storage and a second bathroom, and a separate outbuilding with two rooms and a full bath, providing flexibility for various uses.
Generous Lot Size & Ample Parking: A 'particularly large lot' (12,589 sqft) offers ample space and privacy, complemented by off-street parking for up to five vehicles, a rare and valuable asset.
Strategic Commuter Access: Easy access to Highways 1 and 17 makes the property highly desirable for those needing convenient routes for work or travel.

Cons

Limited Bedroom Count in Main Residence: The main house features only one bedroom, which may be a significant constraint for families or buyers seeking more traditional bedroom count, despite the large lot and auxiliary spaces.
Small Main House Square Footage: At 800 sqft, the main living area is relatively small, which might not meet the expectations of buyers looking for a larger interior footprint, especially given the extensive outdoor amenities and price point.
Age of Property & Potential for Updates: Built in 1944, the primary residence is older, potentially indicating a need for ongoing maintenance or updates to core systems not explicitly mentioned, which could incur future costs.

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