723 El Salto Drive, Capitola, CA 95010 – ML81990913

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Patricia Beattie

patricia@brivio.com +1(415) 286-8292

Listed by Jennifer Cosgrove • Intero Real Estate Services

$5,200,000

Est. payment - /mo

9 Beds

9 Baths

4,838 SqFt

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Key Details

Property Type Single Family Home

Sub Type Detached

Listing Status Pending

Purchase Type For Sale

Square Footage 4,838 sqft

Price per Sqft $1,074

MLS Listing ID ML81990913

Bedrooms 9

Full Baths 9

HOA Y/N No

Originating Board Datashare MLSListings

Year Built 1956

Lot Size 0.828 Acres

Property Sub-Type Detached

Property Description

This exceptional bluff-front property enhanced with a newer 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 (in progress) 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.

Location

State CA

County Santa Cruz

Interior

Heating Wall Furnace

Cooling None

Fireplace No

Exterior

Garage Spaces 4.0

View Bay

Private Pool false

Building

Lot Description Level

Story 2

Water Public

Architectural Style Cottage, Traditional

Schools

School District Santa Cruz City High, Soquel Union Elementary

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Patricia Beattie

+1(415) 286-8292

Broker | License ID: 01405369

Broker License ID: 01405369

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723 El Salto Drive Capitola, CA 95010

Patricia Beattie

Key Details

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Interior

Exterior

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Schools

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