2603 Monterey Ave , Soquel, CA 95073
$3,500,000
Est. Payment: $19,091.44/mo
3.51 Acres
Status: Active Under Contract | Days on site: 195
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ML39753 - ML213512
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House Description

037-191-12 - 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.

Highlights

Listed by Paul Cuccia , 831-818-2375 Coldwell Banker Realty , (831) 688-6461. CRMLS/Multi-Regional MLS mls logo

Property Type

Vacant Land

Lot/Acreage
3.51

County

Santa Cruz

Area

699 - Not Defined

School District

Other

Listing ID

ML82011445

Questions about this listing?

Contact Agent

Interior Features

Water:Well

Exterior Features

Lot:No Land Lease
Garage Capacity:0
Zoning:RF-Min
Sewer:Public Sewer
Principal Interest
$19,091
Taxes
$2,231

Home Price

$3,500,000

Loan Details

30 yrs
7.245%

Down Payment

20%
$700,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$19,091.44

Principal

Taxes

Principal Taxes HOA Total
Monthly $19,091.44 $2,231.25 $0.00 $21,322.69
Yearly $229,097.29 $26,775.00 $0.00 $255,872.29
Total $6,872,918.74 $803,250.00 $0.00 $7,676,168.74

Today's Rates

30 Year

7.25%

20 Year

7.27%

15 Year

6.6%

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Average Days on Market

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Market insight data is pulled from the same city as the listing being viewed (Soquel, CA).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Based on information from California Regional Multiple Listing Service, Inc. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. All properties are subject to prior sale, change or withdrawal.

IDX service by Blueroof 360

Data last updated: 2026-10-04T07:13:10.000Z

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