1 of 25
Tools
Size
9
Bedrooms
9
Full Baths
4,838 Sq Ft.
interior
0.83 Acres
Exterior
Financial
$6,098,000
Change Currency
$1,260
Price Per Sqft
Listing Details
Single Family
Property type
1956
Year Built
10656421
Web Id
ML81955751
MLS ID
200
Days Posted
Description
723 El Salto Dr,
Capitola,
CA
95010
Capitola, CA 95010
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 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.
This is an Active listing.
Broker Office Phone Number: 408-357-5700
Copyright © 2024MLS Listings, Inc.. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
This is an Active listing.
Broker Office Phone Number: 408-357-5700
Copyright © 2024MLS Listings, Inc.. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Amenities
- Fenced
- Composition Shingle Roof
- Garage
- Garage - Detached
Price History
date | price | variance | type |
---|---|---|---|
9/23/2024 | $6,098,000 | 12.86 % | decreased |
3/21/2024 | $6,998,000 | - | Listed |
Listing By: Intero Real Estate Services via Data Source: MLS Listings, Inc.
listing agent: Jennifer Cosgrove