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723 El Salto Drive

Capitola, CA 95010
  • $7,998,000
  • STATUS: Active
  • ON SITE: 46 Days
  • ID#: ML81955751
$7,998,000
  • 9
    BEDS
  • 0.83
    ACRES
  • 9
    BATHS
  • 0
    1/2 BATHS
  • 4,838
    SQFT
  • $1,653
    $/SQFT
Neighborhood:
Type:
Single-Family Home
Built:
1956
County:

School Information

Middle School:
High School:
School District:
Listing Agent(s): Jennifer Cosgrove of Intero Real Estate Services ((408) 357-5700)


Description

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.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2024-04-04T00:30:31.55. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Swell Property. Licensed in the State of California, USA.
www.swellproperty.com/homes/148145934
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723 El Salto Drive Capitola, CA 95010

  • Price: $7,998,000
  • Status: Active
  • On Site: 46 Days
  • ID#: ML81955751
9
Beds
9
Baths
0
½ Baths
0.83
Acres
4,838
SQFT
$1,653
$/SQFT
1956
Built
Neighborhood:
699 - Not Defined
County:
Santa Cruz
Area:
699 - Not Defined
Middle School:
Other
High School:
Soquel
School District:
Other
Property Description
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.
Exterior Features

Architectural Style CottageTraditional Attached Garage YN No Carport Spaces 0 Direction Faces South Fencing Partial Lot Features Level Parking Total 6 Property Attached YN No Roof CompositionShake View BayOcean View YN Yes

Interior Features

Common Walls No Common Walls Cooling None Cooling YN Yes Fireplace YN No Heating Wall Furnace Heating YN Yes

Property Features

Association YN No Garage YN Yes Listing Agreement Exclusive Right To Sell Listing Service Full Service New Construction YN No Property Sub Type Single Family Residence Sewer Public Sewer Special Listing Conditions Standard Water Source Public Zoning R-1 and VS



Based on information from California Regional Multiple Listing Service, Inc. as of 2024-04-04T00:30:31.55. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Swell Property. Licensed in the State of California, USA.
 
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Swell Property
1967 N. Coast Hwy 101
Encinitas CA, 92024
Listing Agent(s): Jennifer Cosgrove of Intero Real Estate Services ((408) 357-5700)