Active
723 El Salto DR
CAPITOLA CA, 95010
$6,098,000
$1,260.44 per sqft
Active
9 Beds
9 Baths
4,838 sqft
Residential
Built in 1956
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 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.
ML81955751
MLSⓇ ID
February 29, 2024
Listed
October 17, 2024
Updated
Map
723 El Salto DR
CAPITOLA CA, 95010
Interior Features
Total Stories
2
Bedrooms
9
Total Bathrooms
9
Full Bathrooms
9
Fireplace
No
Cooling
No
Heating
No
Exterior/Building Features
Lot Size
0.83 Acres
Lot Features
Level
Architectual Style
Cottage, Traditional
Roof
Composition
Sewer
Public Sewer
School Information
School District
Soquel Union Elementary
High School
Soquel High
Other Property Details
Area Name
Capitola
Garage
Yes
Garage Spaces
4
Parking
Detached
Parking Total
6
View
Yes
View Description
Bay, Ocean
County
Santa Cruz
Water Source
Public
Pool
No
Zoning
R-1 and VS
Listing History
Date | Event | Price |
---|---|---|
9/22/2024 | Price change | $6,098,000 -13% |
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.
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Data last updated 9:20 PM UTC, 10/17/2024