2603 Monterey Avenue

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.

Days on Market

353 days

Current Status

Contingent

Sold Price

Original Price

$3,900,000

List Price

$3,500,000

On Market Date

Jan 13, 2025

Contract Date

Dec 30, 2025

Close Date

Dec 31, 2026

Property Type

Single Family Home

Area

46 - Soquel

Zip Code

95073

MLS ID

ML81990308

APN

037-191-12-000

Year Built

1947

Stories in Building

Unavailable

Possession

Negotiable

COE

Dec 31, 2026

Data Source

MLSL

Origin MLS System

MLSListings, Inc.

Bed

3

Bath

2

Parking

5

Detached Garage

SQ FT

2,040

SQ FT Source

Unavailable

Lot SQ FT

152,634.0

Lot Acres

3.503994 Acres

Cooling

None

Dining Room

Dining Area

Disclosures

Natural Hazard Disclosure

Family Room

No Family Room

Foundation

Concrete Perimeter and Slab

Fire Place

Living Room

Heating

Gas

Views

Greenbelt

Possession

Negotiable

Fee

Unavailable

MLS and other Information regarding properties for sale as shown in Theo have been obtained from various sources such as sellers, public records, agents and other third parties. This information may relate to the condition of the property, permitted or unpermitted uses, zoning, square footage, lot size/acreage or other matters affecting value or desirability. Unless otherwise indicated in writing, neither brokers, agents nor Theo have verified, or will verify, such information. If any such information is important to buyer in determining whether to buy, the price to pay or intended use of the property, buyer is urged to conduct their own investigation with qualified professionals, satisfy themselves with respect to that information, and to rely solely on the results of that investigation.

School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.