40 Eileen St Watsonville, CA 95076
Estimated payment $64,146/month
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
David Lyng Real Estate License #01424163 Listed on: 05/27/2025
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
Map
Home Values in the Area
Average Home Value in this Area
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 |
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
MLS Number: ML82008493
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Ask me questions while you tour the home.