111 Errett Cir Santa Cruz, CA 95060
Exceptional development opportunity in Santa Cruz, CA, encompassing three contiguous lots (Lots 8, 9, and 10) totaling approximately 12,000 square feet (0.276 acres) at 111 Errett Circle, 95060. Zoned R1-5, this property presents a unique chance to participate in the "Circle of Friends" co-housing community, a groundbreaking initiative focused on sustainability and community engagement. The tentative map has already been approved for ten lots, incorporating communal green spaces and a central 8,000 square foot open area designed to foster connection among residents. Each lot offers the potential for a custom home build, with a minimum of two parking spaces per home. Located just three blocks from Westcliff and the beach, this property offers an unparalleled blend of coastal living and community spirit. The asking price for all three lots is $4,200,000, with a land value of $350 per square foot. This represents a significant investment opportunity in a thriving coastal community. Individual lot purchases may be considered.
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SelfSymmetry Counselor
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FARRAH DALAL Counselor
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Jillian Chesley Marriage Or Relationship Counselor
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.