130 Las Colinas Drive. "Corralitos," the unincorporated Santa Cruz County near Aptos, CA 95076 is the "Monte Sereno" of Santa Cruz County.

The Los Colinas subdivision has 20+ home sites, each with it's own custom home. Most are semi-private estates ranging from 2-5 acres. There is a private road association named Las Colinas Road & Water Association. The semi-annual dues are approximately $350 ($700/year). All property owners share the road and water maintenance cost. Water is pumped from two wells and is stored in two 10,000 gallon tanks.

The lot size of this property is 187,438 sq. ft. (4.302 Acres) per Santa Cruz County Accessor. The subject property has natural springs that perk all day/every day and have done so the entire period that the seller has owned the property, since 1973. The lower section of the property borders the Corralitos Creek which runs year-round. The springs drain toward the creek. There is walking access to the creek. The access requires agility on the part of the walker. There are some stinging nettle plants that should be avoided and some poison oak (limited) may be seen if you're off the trail. Salamanders, raccoons, and deer live on the property. The property is "country," located just 1.3 miles from the grocery store, 8.3 miles to Highway One. When you are here, you are at home with nature.

The first floor includes a storage area, basement, dry bar, large office, and wine storage area. The second floor has a formal entry, family room, kitchen, one fire place in the family room, wood burning stoves in entry and the master bedroom. The third floor includes two bedrooms, a loft, and a full bathroom.

This home is contemporary in design with the use of natural light in all rooms. High, vaulted ceilings provide an open, expansive atmosphere. This home, if properly decorated and furnished, has the potential to be spectacular!

The home has been architecturally designed to capture views of the landscape. Nature's work is everywhere and a window or door provides you with access.

Seller is willing to trade this property, using a 1031 Exchange, for income producing property. Seller wants income producing properties, such as a 4-plex or apartment buildings. The criteria for eligibility is that the income rents should should produce 12% cash-on-cash. For example, a $600,000 valued property (without a loan) should produce $72,000 in gross rents per year or if rents are $45,000 per year the value of the property would trade for $375,000. Seller will look at all opportunities like this in any coastal or major city area in California. This property would appeal to large multi-generational extended families.

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