$199,000

Rare Santa Cruz Mountains opportunity in the heart of Boulder Creek. Charming 1BD/1BA cottage on Laurel Drive - priced to move and sold free and clear. Property is sold as-is and carries an existing red tag (procedural zoning classification stemming from a 1992 landslide event; retaining walls have since been constructed and the home itself sustained no structural damage). The upside is real: clear the red tag and this property enters a market where comparable homes trade at $350K-$400K+. Hold as a rental and collect from a deep pool of Silicon Valley remote workers and tech commuters who want mountain living - comparable 1/1 rentals in the area are actively leasing at $2,500-$2,600/month. Conveniently located near major commuter routes to San Jose and the greater Bay Area. Big Basin Redwoods State Park at your doorstep. Strong rental demand throughout the Santa Cruz Mountains corridor. This is the deal a savvy buyer finds once.