$11,900,000

40 Eileen St Watsonville, CA 95076

Estimated payment $61,740/month

Total Views 64,220
Studio
-- Bath
3,911 Sq Ft
$3,043 Price per Sq Ft

About This Home

Rare 8.58-acre property at the end of a cul-de-sac in one of Watsonville's most desirable areas. Currently improved with three single-family homes and a detached warehouse, the land is fully serviced with public water, sewer, and PG&E utilities, each with separate meters. Zoned R1 and located in a city supportive of housing and community-oriented growth, this property offers an exceptional opportunity and flexibility. Whether envisioned as a residential housing community, private estate with room for multiple structures, a boutique vineyard, a farm, a wellness retreat, a school, a retirement community, a residential care facility, or veteran's housing - the potential is vast. Any development possibilities and uses remain entirely up to the buyers creativity and due diligence. This is not a site to limit the imagination, but to inspire your vision. The location is equally compelling: just minutes from Watsonville Community Hospital, Kaiser, PAMF, local shops and schools, Main & Green Valley commercial corridors, and the Watsonville Municipal Airport. Beaches are a short drive away, with easy access to Capitola, Santa Cruz, and Monterey, as Watsonville sits at the heart of the Monterey Bay. Buyer to verify all zoning, use potential, and build-ability with appropriate agencies.

Listing Agent

Kasey & Brooke Hinchman

David Lyng Real Estate License #01424163 Listed on: 05/27/2025

David Lyng Real Estate

Property Details

Home Type

  • Multi-Family

Year Built

  • 1975

Parking

  • 4 Car Garage
  • Uncovered Parking

Home Design

  • 3,911 Sq Ft Home
  • Composition Roof

Additional Features

  • Private Pool
  • 8.58 Acre Lot
  • Horses Potentially Allowed on Property

Community Details

  • 3,911 Sq Ft Building

Property Details

Home Type

Multi-Family

Year Built

1975

Lot Details

8.58 Acres

Parking

4

Listing Details

  • Zoning: R-1
  • Subclass: Multiple Dwellings / Structures
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 3911
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1975

Interior Features

  • Living Sq Ft: 3911

Exterior Features

  • Pool Description: Yes
  • Roof: Composition
  • Horse Property: Possible
  • Pool: Pool - In Ground

Garage/Parking

  • Garage Spaces: 4
  • Parking Spaces: 15
  • Garage Parking Features: Uncovered Parking

Utilities

  • Sewer/Septic System: Sewer - Public

Lot Info

  • Lot Acres: 8.5800
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 373744.80
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 373744.80

Multi Family

  • Utilities: Public Utilities
  • Meters: Separate Gas, Separate Other, Separate Water
  • Number Of Buildings: 3
  • Vacancy Factor: 100

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $7,439 $627,420 $77,214 $550,206
2023 $7,242 $603,057 $74,218 $528,839
2022 $7,111 $591,231 $72,762 $518,469
2021 $6,986 $579,640 $71,336 $508,304
2020 $6,887 $573,696 $70,603 $503,093
2019 $6,762 $562,446 $69,217 $493,229
2018 $6,589 $551,421 $67,863 $483,558
2017 $6,530 $540,610 $66,535 $474,075
2016 $6,357 $530,009 $65,228 $464,781
2015 $6,333 $522,046 $64,248 $457,798
2014 $6,195 $511,817 $62,988 $448,829
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/27/2025 05/27/25 For Sale $11,900,000 -- $3,043 / Sq Ft
Source: MLSListings

Source: MLSListings

MLS Number: ML82008493

MLSListings
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