Active

723 El Salto DR

CAPITOLA CA, 95010

$6,998,000


$194.02 per sqft

Active

0.83 Acres

Land

Listed by Intero Real Estate Services, Jennifer Cosgrove, Listing Contact: 4089308425

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 $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 and the development of 2 luxury homes w/ADU's or 4 condos with a house 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 and the construction of condos or new homes with ADUs.

ML81955924

MLS ID

February 29, 2024

Listed

July 13, 2024

Updated

Map

723 El Salto DR
CAPITOLA CA, 95010

Exterior/Building Features

Lot Size

0.83 Acres


Lot Features

Level


Sewer

Public Sewer

School Information

School District

870


High School

Soquel High

Other Property Details

Area Name

Capitola


Garage

No


View

Yes


View Description

Bay, Ocean


County

Santa Cruz


Water Source

Public


Pool

No


Zoning

R-1 and VS

Listing History

Date

Event

Price

5/31/2024

Price Change

$6,998,000

-13%

Listed by Intero Real Estate Services, Jennifer Cosgrove,
Listing Contact: 4089308425 

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Tom Werbe | CA DRE# 01482688 shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the MLS Listings, Inc. MLS system. Real estate listings held by brokerage firms other than Tom Werbe | CA DRE# 01482688 are marked with the Internet Data Exchange icon (a stylized house inside a circle) and detailed information about them includes the names of the listing brokers and listing agents.

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Data last updated 12:25 PM UTC, 7/13/2024

 

 

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