Listed 79 days ago · May 1, 2026 | MLS# ML82043922
$323/sqft -67% vs Santa Cruz avg
What this means: Priced below the Santa Cruz per-sqft average. Compare to recent sales below for context.
Est. $12,069/moP&I $9,833 · Tax $1,974 · Insurance $262 · HOA $0Assumes 20% down ($379,000) at 6.75% · Contact Timothy for a lender referralAegis Luxury Real Estate is a licensed California real estate brokerage (DRE# 01328224) and is not a mortgage lender, mortgage broker, or loan originator. The figures shown are estimates for general reference only and do not constitute a loan offer, pre-approval, pre-qualification, or commitment to lend. Estimates use the applicable county average property tax rate of 1.25% of home price annually. Actual rates, payments, taxes, and insurance vary by lender and borrower qualifications. Contact Timothy for a referral to one of our preferred lending partners.
Active listing in Santa Cruz, Santa Clara County. Convenient access to schools, parks, and Bay Area employment centers.
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0 Bed / 0 Bath / 5,858 sqft on 6,938 sqft Lot
Spec sheet at a glance. See full details below for interior, exterior, and lot features.
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Listed at $1.9M vs City Average $1.9M
$323/sqft compared to Santa Cruz avg $985/sqft (-67.2%).
Best fit forActive BuyersSanta Cruz SearchersMove-Up / Move-In
About This Home
Ohana Hale Residences is a fully permitted, shovel-ready 6,393 SF student housing development opportunity with a carrier SFR. The project's student housing income model of 27 leasable beds at a blended market rent of $1,800 per bed per month may produce a Stabilized Pro Forma Gross Income of $618,924 with NOI of $378,659, far exceeding typical investor expectations for newly constructed UCSC-proximate housing, represents an acquisition and construction at a compelling discount with major developer upside embedded in the as-completed spread.
The market has already spoken on this block. Next door, 251 High Street, a conventional, unfurnished building with only ~40% student occupancy and no per-bed premium - recently traded at a 3.88% cap rate. Apply the same cap rate to Ohana Hale's fully furnished, 100% per-bed student model: the developer/buyer could realize up to $4M in equity at completion with an IRR well over 50%. The comp is next door. The upside is in the math. Purpose-built for the UCSC off-campus market, 247 High St provides an investor with the ability to acquire fully entitled, permit-ready land with approved plans for a new student housing project featuring 27 beds and 12 bathrooms across 7 units without the time and cost of navigating the complex entitlement process.
MLS ID #ML82043922, Troy Hinds. Listing provided by David Lyng Real Estate · MLSListings Inc.
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Property Details
Property Type
FiveOrMoreUnits
Year Built
2026
Bedrooms
0
Bathrooms
0 Full
Living Area
5,858 sqft
Lot Size
6,938 sqft
Garage
N/A
Price/sqft
$323
County
SantaCruz
MLS Number
ML82043922
Status
Active
Stories
N/A
HOA
None
Interior Features
Electric
Exterior & Lot
Composition Roof0.16 Acres
Location
This HomeActive ListingNew (3 days or less)Price ReducedOpen HouseSold
247 High ST, Santa Cruz, CA 95060 · SantaCruz County
Market Context
Price Positioning
$Price context: Listed at $323/sqft vs Santa Cruz avg $985/sqft (67.2% below).
$Sale-to-list: Santa Cruz homes selling at 101.3% of asking.
⏲Velocity: City avg 39 days. This home: 79 days.
🏠Inventory:0 0-bedroom homes currently available in Santa Cruz.
Source: MLSListings Inc. Timothy Alston, Broker, DRE# 01328224.
Want to know what this home will actually sell for? Get a data-backed offer range based on recent comparable sales.
This 5,858 square foot home at 247 High ST in Santa Cruz features 0 bedrooms and 0 bathrooms. Listed at $1,895,000, this WestSantaCruz property reflects the current pricing trends for 0-bedroom homes in the 95060 zip code.
0-Bedroom Homes for Sale in Santa Cruz 95060
Browse 0-bedroom home listings in the WestSantaCruz area of Santa Cruz. Properties in 95060 are currently averaging $985 per square foot with 39 days on market.
What to Expect When Buying in WestSantaCruz
The WestSantaCruz market in Santa Cruz features a mix of home properties ranging from starter homes to luxury estates. Current inventory levels suggest moderate conditions for buyers in this area.
Listed at $1,895,000 ($323/sqft). Santa Cruz avg is $985/sqft, placing this 67.2% below. Comparable recent sales help frame the value.
Listed 79 days (as of May 1, 2026). Santa Cruz average is 39 days.
Est. $12,069/mo with 20% down ($379,000) at 6.75%. Includes principal & interest ($9,833), property tax ($1,974), and insurance ($262). HOA: None. Aegis Luxury Real Estate is a licensed California real estate brokerage (DRE# 01328224) and is not a mortgage lender, mortgage broker, or loan originator. The figures shown are estimates for general reference only and do not constitute a loan offer, pre-approval, pre-qualification, or commitment to lend. Estimates use the applicable county average property tax rate of 1.25% of home price annually. Actual rates, payments, taxes, and insurance vary by lender and borrower qualifications. Contact Timothy for a referral to one of our preferred lending partners.
There are 162 active listings in Santa Cruz (0 are 0-bedroom). At $1,895,000 this is positioned against the city average of $1,853,267. Similar homes have sold at 101.3% of asking.
0-bedroom homes in Santa Cruz (95060) are currently averaging $985 per square foot. Market activity shows homes spending an average of 39 days on market in this area.
247 High ST in Santa Cruz is currently listed at $1,895,000. This 0-bedroom, 0-bathroom home is located in the WestSantaCruz area.
The data relating to real estate for sale on this display comes in part from the Internet Data Exchange program of the MLSListings™ MLS system. Real estate listings held by brokerage firms other than Aegis Luxury Real Estate are marked with the Internet Data Exchange icon (a stylized house) and detailed information about them includes the names of the listing brokers and listing agents.
Based on information from the MLSListings MLS as of Jul 19, 2026 12:00 PM PT. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
These statistics are generated using information from the MLSListings Inc. multiple listing service, but have not been verified and are not guaranteed. MLSListings Inc. disclaims any responsibility for the accuracy and reliability of these statistics. This information should not be relied upon for real estate transaction decisions.
Data updated every 15 minutes. Visit www.MLSListings.com for more information.
Information provided is for general informational purposes only. Equal Housing Opportunity. If you are currently working with a real estate agent, this is not intended as a solicitation.
Timothy Alston, Broker, DRE# 01328224, Aegis Luxury Real Estate, 10080 N. Wolfe Rd Ste SW3-200, Cupertino CA 95014. (408) 207-4593.
Last updated: Jul 19, 2026 12:00 PM PT | Source: MLSListings Inc.
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