Listing Agent: Nicole Myhrstad      Broker/Office: Bailey Properties
5601 Freedom Boulevard Aptos CA 95003
$ 5,999,999
  9   |    7   |    6577 Sq Feet

Listing ID

#ML82042803

Status

Active

Property Type

Single Family Residence

Property Style

Mediterranean

County

Santa Cruz

Year Built

1959

Lot Size

31

Days on website

4

Description
Unique Investment & Landmark Property. Own a piece of California unlike any other. Imagine the possibilities: Family Compound, Retreat Center...or live there and enjoy ample rental income in addition to living on this fabulous property! Home to the Bamboo Giant Nursery, this 30+ acre estate features the largest public bamboo grove in the U.S., along with redwoods, hiking paths, sunny clearings, and a koi pond with a self-sustaining waterfall. The property includes 12 rental units generating steady income: two homes with 2 units each (1,904 sq. ft. and 4,673 sq. ft.), Total 6,577 SF Total bed /bath count 9/7 plus a commercial/art studio building with 8 creative bays (2,693 sq. ft.). All units are fully tenant-occupied, providing a significant monthly rent roll. Beyond its current use, the land potentially offers future development possibilities, with ~10 acres possibly subdividable from the 30 acres to build a massive house plus and ADU with sweeping canyon views. Buyer to verify! The natural beauty has also made this property a sought-after venue for weddings, fairs, and tours. A rare opportunity to combine income, development, and natural splendor in one remarkable property. Seller is offering partial seller financing to qualified buyers.
Location
Financial Information
List Price:  $ 5999999
Property Features
High School:  Aptos
High School District:  Other
Lot Features:  Paved, Secluded
Parking Features:  Uncovered
Patio And Porch Features:  Deck
Roof:  Composition
Sewer:  Other
Utilities:  Other
View:  Valley
Water Source:  Public
High School:  Aptos
High School District:  Other
MLS Area Major:  699 - Not Defined
City:  Aptos
Listed By:   Nicole Myhrstad   Bailey Properties 
Co-listed by
Valerie Mishkin  
CA Lic#