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 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 $6M+ 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.
MLS #
ML81955751
MLS Source
MLSListings, Inc.
Days on Site
80
Buyer's Brokerage Compensation*
2.50%
Dining Room
No Formal Dining Room
Family Room
No Family Room
Cooling
None
Heating
Wall Furnace
Roof
Composition, Shake
Foundation
Crawl Space
Style
Cottage, Traditional
Garage/Parking
Detached, Parking Area, Room for Oversized Vehicle, Garage: 4 Car(s)
Elementary District
Soquel Union Elementary
High School District
Santa Cruz City High
Sewer
Public Sewer
Water
Public
Zoning
R-1 and VS
723 El Salto Dr is a Single Family Residence in Capitola, CA 95010. This 4,838 square foot property sits on a 0.828 Acres Lot and features 9 bedrooms & 9 full bathrooms. It is currently priced at $7,998,000 and was built in 1956.
This address can also be written as 723 El Salto Dr, Capitola, CA 95010.©2024 MLSListings Inc. All rights reserved. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Information provided is for personal, non-commercial use by the viewer and may not be redistributed without explicit authorization from MLSListings Inc.
Presently MLSListings.com displays Active, Contingent, Pending, and Recently Sold listings. Recently Sold listings are properties which were sold within the last three years. After that period listings are no longer displayed in MLSListings.com. Pending listings are properties under contract and no longer available for sale. Contingent listings are properties where there is an accepted offer, and seller may be seeking back-up offers. Active listings are available for sale.
* The offer of compensation is made subject to the MLS rules where the listing is filed. Please contact your agent for any questions concerning this subject matter.
This listing information is up-to-date as of May 17, 2024. For the most current information, please contact Jennifer Cosgrove, (408) 930-8425