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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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 Liz Kroft 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 1:20 AM UTC, 3/22/2024

 

 

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