Active
723 El Salto DR
CAPITOLA CA, 95010
$7,998,000
$1,653.16 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 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.
ML81955751
MLSⓇ ID
March 22, 2024
Updated
Map
723 El Salto DR
CAPITOLA CA, 95010
Interior Features
Total Stories
2
Bedrooms
9 Beds
Bathrooms
9 Baths
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
870
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
Buyer Agency Compensation
2.5%
Listed by Intero Real Estate Services, Jennifer Cosgrove,
Listing Contact: 4089308425
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Data last updated 1:20 AM UTC, 3/22/2024