723 El Salto DR, Capitola, CA 95010
- $7,998,000
- List Price
- $7,998,000
- MLS#
- ML81955924
- Status
- ACTIVE
- Zoning
- R-1 and VS
- Lot Size
- 36,068
- Property Type
- lnd
- Neighborhood
- Capitola
Property Description
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 & breakfast, it's a rare find in a prestigious area, with potential for minor land division. 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.
/u.realgeeks.media/santacruzbeach/SCBH-Logo-vertical-teal_(1).png){kind=logo}
Additional Information
- Acres
- 0.83
- Development Status
- Lot Split Possible, Minor Subdivision (2-4 Parcels), Other - Call Listing Agent
- Fence
- Fenced Back, Partial Fencing
- Lot Description
- Grade - Level, Possible Lot Split, Views
- Lot Size
- 36,068
- Neighborhood
- Capitola
- Other Utilities
- Public Utilities
- Parcel Access
- Accessible, Private Road
- Present Use
- Multi-Family, Residential, Single Family
- Sewer
- Sewer - Public
- View
- Bay View, Ocean View
- Zoning
- R-1 and VS
Mortgage Calculator
Listing courtesy of Jennifer Cosgrove from Intero Real Estate Services. 408-930-8425
Based 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