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$ 3,500,000
Est. payment /mo
Price Dropped by $300K
2603 Monterey AVE Soquel, CA 95073
3.5 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID ML81990268
HOA Y/N No
Lot Size 3.504 Acres
Property Description
3.5-acre parcel in the heart of Soquel, recently re-zoned (RF-Min) for high-density residential and mixed-use development. Zoning designation offers an expedited, ministerial approval process no public hearings required and is exempt from CEQA, placing your project on the fast track. Potential for approximately 140± units, this property presents a significant opportunity to create a transformative residential or mixed-use community in one of Santa Cruz County's most desirable areas. The location is unbeatable: just minutes from New Brighton State Beach, Cabrillo College, Capitola Village, and major transportation lines. . Top-rated schools and coastal amenities enhance long-term appeal. As a designated Housing Element site, this parcel is aligned with mandates to increase housing supply. The County Planning Department supports streamlined development, imposing no additional County standards or discretionary reviews. This is more than land it's a ready-made opportunity for developers looking to deliver housing with fewer barriers and faster timelines in a sought-after coastal market. The property includes two existing homes served by natural gas, public sewer, and a private well. Public water is at street with available allocations through Soquel Creek Water District.
Location
State CA
County Santa Cruz
Area 699 - Not Defined
Zoning R-1-6
Interior
Fireplace No
Exterior
Fence Partial
Utilities Available Natural Gas Available, Electricity Available
Present Use Residential,Single Family
Building
Water Well
Others
Tax ID 03719112000
Listed by Paul Cuccia • Coldwell Banker Realty