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Property profile & analytics
OFF-MARKET
Specialty properties

111 Errett Cir Santa Cruz, CA 95060

0.28 ac lot
Property ID
US09-2919330
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Specialty properties
Lot 0.28 ac (12,023 SF)
UPID US09-2919330
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • SelfSymmetry Counselor
  • FARRAH DALAL Counselor
  • Jillian Chesley Marriage Or Relationship Counselor
Value estimations
Realmo proprietary · 4 methods
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by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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