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 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 | |
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 | 36.97527836 | |
Longitude | -121.9443263 | |
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 | |
Special listing conditions | Standard | |
Virtual Tour URL | https://vimeo.com/917734818 | |
School Information | ||
District | Other | |
Middle School | Other | |
High School | Soquel | |
MLS Information | ||
Days on market | 278 | |
MLS Status | Active | |
Listing Date | Feb 29, 2024 | |
Listing Last Modified | Dec 3, 2024 | |
Tax ID | 03614335000 | |
MLS Area | 699 - Not Defined | |
MLS # | ML81955751 |
This information is believed to be accurate, but without any warranty.