Home | Santa Cruz County | Capitola | 95010 | 208 Terrace Way
MLS: ML82049484 | Status: | Price: $2,749,000
Beds/Baths: – / –
Property Type: Residential Income
| Beds | Baths | Sq Ft | Sq Ft Lot | Yr Built |
|---|---|---|---|---|
| – | – | 3,155 | 4,182 | 1947 |
Located in the heart of Capitola Village by the Sea, this rare 5-unit Cape Cod style apartment property offers a highly desirable coastal living experience in an area dominated by vacation rentals and single-family homes. The property features ocean views and an unbeatable walkable location just steps to shops and restaurants and a short stroll to the beach creating a true year-round resort lifestyle. The flexible layout allows for multiple use strategies: an owner could occupy the two upper units as a private residence with ocean views while generating income from the three ground-floor units, or lease all five units for maximum cash flow. The property has been well maintained, with interiors renovated in 2019, and is offered fully furnished for immediate occupancy or rental. Opportunities like this are infrequent in Capitola Village, where demand remains strong and vacancy is minimal.
| Field | Value |
|---|---|
| MLS # | ML82049484 |
| MLS Source | MLSListings, Inc. |
| Days on Site | 0 |
| Feature | Details |
|---|---|
| Cooling | None |
| Heating | Wall Furnace |
| Feature | Details |
|---|---|
| Roof | Composition |
| Foundation | Slab |
| Feature | Details |
|---|---|
| Garage/Parking | On Street, Garage: 0 Car(s) |
| Elementary District | Soquel Union Elementary |
| High School District | Santa Cruz City High |
| Sewer | Public Sewer |
| Water | Public |
| Zoning | RM |
Erik Barbic
Sherman & Boone Realtors
License #: 01736370
Phone: (831) 464-5039
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 1 | 5 | 5 |
| Type | Sq Ft | Beds | Baths | Min Rent | Max Rent | Units Like This |
|---|---|---|---|---|---|---|
| 1 | 600 | 1 | 1/0 | – | – | 5 |
School data provided by GreatSchools.org
| Address | Price | Beds | Baths | Sq Ft | Status |
|---|---|---|---|---|---|
| 1450 Merrill St | $3,250,000 | – | – | 4,370 | |
| 1803 Halterman Ave | $2,250,000 | – | – | 4,991 | Active |
| 5058 Wilder Dr | $2,495,000 | – | – | 3,806 | Active |
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This listing information is up-to-date as of June 02, 2026. For the most current information, please contact Erik Barbic, (831) 464-5039.