723 El Salto Drive
Capitola, CA, 95010
$6,098,000
9 Beds
9 Baths
4,838 SqFt
0.83 Acres
Add
This exceptional bluff-front property enhanced with a new Carmel Style 4-car garage on Depot Hill in Capitola, offers an investment opportunity w/breathtaking views & close proximity to local attractions,, promising both prestige & tranquility. It includes a 4,838 sq ft -2-story 4-plex & a charming 495 sq ft 1 bedroom cottage, currently leased generating approx $25K in income, w/significant development potential. Zoned for both residential and bed and breakfast, it’s a rare find in a prestigious area, w/potential for minor land division (in progress) and the development of 2 luxury homes w/ADU’s or 4 condos with a house as just 2 possibilities. This picturesque setting offers expansive Monterey Bay views and marine life sightings. Near Capitola Village, it’s a short walk to beaches, restaurants, shopping, and entertainment, offering a lifestyle of peace with community vibrancy. Just 26 miles from Silicon Valley, it’s highly attractive in Santa Cruz County’s market. An opportunity to own oceanfront property with development potential, this is an exceptional investment in a prime location. The value and potential of this property will increase significantly after the proposed lot split (currently inprogress) and the construction of apartments, condos or new homes with ADUs.

Property Details

Price:
$6,098,000
MLS #:
ML81955751
Status:
Active
Beds:
9
Baths:
9
Address:
723 El Salto Drive
Type:
Single Family
Subtype:
Single Family Residence
Neighborhood:
699notdefined
City:
Capitola
Listed Date:
Feb 29, 2024
State:
CA
Finished Sq Ft:
4,838
ZIP:
95010
Lot Size:
36,068 sqft / 0.83 acres (approx)
Year Built:
1956
Ask a Question

See this Listing

Send
  

Mortgage Calculator

 

Schools

Middle School:
Other
High School:
Soquel

Interior

Cooling
None
Heating
Wall Furnace

Exterior

Fencing
Partial
Garage Spaces
4.00
Lot Features
Level
Parking Spots
6.00
Roof
Shake, Composition
Sewer
Public Sewer
Stories Total
2
View
Bay, Ocean
Water Source
Public

Financial

Map

Community

Similar Listings Nearby

723 El Salto Drive
Capitola, CA