9 Beds
9 Baths
4,838 SqFt
Active
This exceptional bluff-front property enhanced with a new Carmel Style 4-car garage on Depot Hill in Capitola, offers a lucrative investment with breathtaking views and proximity to local attractions, promising both prestige and tranquility. It includes a 4,838 sq ft two-story fourplex and a charming 495 sq ft one-bedroom cottage, currently leased, generating approx. $25K in income, with significant development potential. Zoned for both residential and bed and breakfast, it's a rare find in a prestigious area, with potential for minor land division and the development of 2 (or 3!) luxury homes with ADU's. Its picturesque setting boasts expansive Monterey Bay views and marine life sightings. Near Capitola Village, it's a short walk to beaches, dining, 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, it's an exceptional investment in a prime location. Consider the adjacent property at 106 Livermore, listed at $7.9M for a smaller house and lot, highlighting the exceptional value and potential of this development after the proposed lot split and new homes with ADU's are built.
Property Details | ||
---|---|---|
Price | $7,998,000 | |
Bedrooms | 9 | |
Full Baths | 9 | |
Half Baths | 0 | |
Total Baths | 9 | |
Property Style | Cottage,Traditional | |
Lot Size Area | 36068 | |
Lot Size Area Units | Square Feet | |
Acres | 0.828 | |
Property Type | Residential | |
Sub type | SingleFamilyResidence | |
MLS Sub type | Single Family Residence | |
Stories | 2 | |
Year Built | 1956 | |
View | Bay,Ocean | |
Roof | Shake,Composition | |
Heating | Wall Furnace | |
Lot Description | Level | |
Parking Spaces | 6 | |
Garage spaces | 4 | |
Geographic Data | ||
Directions | take Escalona Drive to Sacramento Ave, turn right, then left at El Salto. It's the last property on the right 🙂 Cross Street: Livermore | |
County | Santa Cruz | |
Latitude | 36.975433 | |
Longitude | -121.944517 | |
Market Area | 699 - Not Defined | |
Address Information | ||
Address | 723 El Salto Drive, Capitola, CA 95010 | |
Postal Code | 95010 | |
City | Capitola | |
State | CA | |
Country | United States | |
Listing Information | ||
Listing Office | Intero Real Estate Services | |
Listing Agent | Jennifer Cosgrove | |
Buyer Agency Compensation | 2.500 | |
Buyer Agency Compensation Type | % | |
Compensation Disclaimer | The offer of compensation is made only to participants of the MLS where the listing is filed. | |
Special listing conditions | Standard | |
Virtual Tour URL | https://vimeo.com/915830506 | |
School Information | ||
District | Other | |
Middle School | Other | |
High School | Soquel | |
MLS Information | ||
Days on market | 20 | |
MLS Status | Active | |
Listing Date | Feb 29, 2024 | |
Listing Last Modified | Mar 21, 2024 | |
Tax ID | 03614335000 | |
MLS Area | 699 - Not Defined | |
MLS # | ML81955751 |
This information is believed to be accurate, but without any warranty.