Property Details
About this Property
This exceptional bluff-front property enhanced with a Carmel Style 4-car garage built in 2019 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 2 ideas. 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 in progress) and the construction of condos or new homes with ADUs.
MLS Listing Information
MLS #
ML81955924
MLS Source
MLSListings, Inc.
Days on Site
296
Lots & Land Information
Development Status
Lot Split Possible, Minor Subdivision (2-4 Parcels), Other - Call Listing Agent
Existing Structures
Residence, Zoned2ndUnit
Fencing
FencedBack, PartialFencing
Lot Description
Grade - Level
Present Use
Residential
Utilities
Public Utilities, Public Utilities, Water - Public
Parking, School, and Other Information
Elementary District
Soquel Union Elementary
High School District
Santa Cruz City High
Sewer
Public Sewer
Water
Public
Zoning
R-1 and VS
Neighborhood: Around This Home
Neighborhood: Local Demographics
Nearby Homes for Sale
723 El Salto Dr is in Capitola, CA 95010. This Land is currently priced at $6,098,000. This address can also be written as 723 El Salto Dr, Capitola, CA 95010.
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This listing information is up-to-date as of December 04, 2024. For the most current information, please contact Jennifer Cosgrove, (408) 930-8425
