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2603 Monterey Ave - 3.5 Acres - Prime Residential Development 3.5 Acres of Commercial Land Offered at $3,500,000 in Soquel, CA 95073
INVESTMENT HIGHLIGHTS
- A unique development opportunity in desirable Soquel California. Located in a newly created zoning designated for high density residential, RF-min,
- Interpretive Zoning - Developer Needed - Property To be Sold - Seller Relocating
- Close to College, Grade School, Services and Warm Beaches of Santa Cruz
- Property contains two vintage cottages plus appurtenant garage and storage space
EXECUTIVE SUMMARY
2603 Monterey Avenue, Soquel, CA 95073 | APN: 037-191-12
Unlock the potential of this exceptional 3.5-acre parcel in the heart of Soquel, recently re-zoned
(RF-Min) for high-density residential and mixed-use development. This rare zoning designation
offers an expedited, ministerial approval process — no public hearings required — and
is exempt from CEQA, placing your project on the fast track.
With 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 along Soquel Drive. Top rated schools and coastal amenities enhance long-term appeal.
The property includes two existing vintage homes, ideal for generating interim rental
income during the planning phase. Utilities include natural gas, public sewer, and a private
well, with public water access nearby and available allocations through Soquel Creek
Water District.
As a designated Housing Element site, this parcel is aligned with California’s mandate 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.
PROPERTY FACTS
1 LOT AVAILABLE
Lot 037-191-12
| Price | $3,500,000 | Lot Size | 3.50 AC |
| Price Per AC | $1,000,000.00 |
| Price | $3,500,000 |
| Price Per AC | $1,000,000.00 |
| Lot Size | 3.50 AC |
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 CEQA.
DESCRIPTION
A unique development opportunity in desirable Soquel California. Located in a newly created zoning designated for high density residential, RF-min, Residential Flexible. RF flexible zoning was adopted by Santa Cruz County in December of 2024 and allows for 47+/- units on this 3.5 acres with potential to scale up! Proximity to New Brighton State Park Beach, Cabrillo College, Grade Schools and the Soquel Drive Transportation Corridor, makes this location ideal for meeting the States housing requirements and fulfilling your development and/or 1031 Exchange needs. The property contains two vintage cottages plus appurtenant garage and storage space. The property is served with Natural Gas, Public Sewer and a Private Well with Public Water service lines in close proximity along Monterey Avenue.
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2603 Monterey Ave - 3.5 Acres - Prime Residential Development
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