723 El Salto DR, Capitola, CA 95010

$6,098,000
9
BD
9
BA
4,838
SqFt
List Price
$6,098,000
Price Change
▼ $900,000 1727047976
MLS#
ML81955751
Status
ACTIVE
Property Type
res
Bedrooms
9
Total Bathrooms
9
Full Bathrooms
9
Sqft. of Residence
4,838
Lot Size
36,068
Listing Area
Capitola
Year Built
1956

Property Description

This exceptional bluff-front property enhanced with a new 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.

Additional Information

Acres
0.83
Age
68
Cooling System
None
Family Room
No Family Room
Fence
Fenced Back, Partial Fencing
Foundation
Crawl Space
Garage Parking
Detached Garage, Parking Area, Room for Oversized Vehicle
Heating System
Wall Furnace
Living Area
4,838
Lot Description
Grade - Level, Possible Lot Split, Views
Lot Size
36,068
Neighborhood
Capitola
Other Utilities
Public Utilities
Roof
Shake, Composition
Sewer
Sewer - Public
Style
Cottage, Traditional
View
Bay View, Ocean View, Water Front
Zoning
R-1 and VS

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Jennifer Cosgrove from Intero Real Estate Services. 408-930-8425

board logoBased on information from MLSListings MLS as of 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.


Copyright 2024 MLSListings Inc. All rights reserved