Welcome to the beautiful area of Twin Lakes! As of the latest US census, around 35,147 call this area home and around 55% are homeowners. With an average age of 40, the residents of Twin Lakes are well established, with many growing families of all ages. However, during weekends and holidays, you can see a lot more activity and excitement. Over the recent months roughly 77 homes have been sold with an average sold price of $1,507,662. That is an increase of $101,915 from the previous period.
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At Home in Twin Lakes
Welcome to Twin Lakes, a neighborhood in Santa Cruz, California, that offers a unique blend of urban convenience and suburban tranquility. Located in Santa Cruz County, Twin Lakes is renowned for its idyllic setting, vibrant community, and high-quality amenities.
Twin Lakes is a neighborhood with a population of approximately 5,369 residents, offering an urban-suburban mixed living experience. It is a popular choice among young professionals and families alike, thanks to its diverse cultural background, rich history, and top-rated public schools.
Location and Geography
Twin Lakes is situated in Santa Cruz County, bordered by the Santa Cruz Harbor and Schwan Lake. Its unique geographical setting contributes to its charm, offering residents a coastal living experience. The neighborhood is named after the two bodies of water – Santa Cruz Harbor and Schwan Lake – which share a similar outline, giving the impression of ‘twin lakes.’
Twin Lakes has a rich history dating back to May 1890. Initially, before the development of the harbor, the area was known as Woods Lagoon. Over the years, Twin Lakes has evolved from a Baptist summer retreat in the late 1800s into a vibrant neighborhood. The transformation of Woods Lagoon into the Santa Cruz Harbor in the 1960s significantly contributed to the development and popularity of Twin Lakes.
Lifestyle and Amenities
Living in Twin Lakes provides residents access to a plethora of amenities, including bars, restaurants, coffee shops, and parks. Its coastal location ensures a variety of recreational activities such as boating, swimming, fishing, and more. The neighborhood is also home to several landmarks including the Twin Lakes State Beach, the Twin Lakes Branch Library, a county park, and a private school.
Real Estate in Twin Lakes
The real estate landscape in Twin Lakes features a mix of single-family homes and apartment complexes, with most residents opting to rent their homes. The median real estate price in the neighborhood is $1,668,128, ranking it among the more expensive neighborhoods in California. The average rental price stands at approximately $4,432.
Many of the residences in Twin Lakes are well-established homes built between 1940 and 1969, with a significant number of residences also constructed between 1970 and 1999. The neighborhood also tends to have a higher vacancy rate compared to other U.S. neighborhoods, primarily due to a large percentage of housing that is seasonally occupied.
Twin Lakes is a diverse neighborhood with residents from various ethnic and economic backgrounds. The area is particularly known for its Lithuanian community, with 1.2% of the neighborhood’s residents having Lithuanian ancestry. Furthermore, a significant number of residents in Twin Lakes were born in another country, contributing to its multicultural character.
Employment and Economy
The local economy in Twin Lakes is diverse, with residents employed across various sectors. 59.4% of the working population is employed in executive, management, and professional occupations. Other residents work in clerical, assistant, and tech support roles (15.5%), manufacturing and laborer occupations (14.3%), and sales and service jobs (10.8%).
Education is a priority in Twin Lakes, with a high percentage of residents holding a bachelor’s or higher degree. The public schools in Twin Lakes are highly rated, making the neighborhood an attractive place for families.
Twin Lakes offers several modes of transportation. The area is ideal for bicycle commuters, with 4.0% of commuters riding their bikes to and from work on a daily basis. Most residents (72.9%) prefer to drive alone in a private automobile to get to work. Many also carpool with coworkers, friends, or neighbors.
Twin Lakes is a neighborhood that captures the essence of coastal living, offering a unique blend of urban convenience, suburban tranquility, and seaside charm. It’s a place that encourages a strong sense of community, diversity, and quality of life. Whether you’re looking to visit or make Twin Lakes your home, this nautical neighborhood in Santa Cruz is sure to captivate you.
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"I help Long-Time Bay Area Homeowners make their next move their best one yet." -Seb Frey, REALTOR®