$6,998,000
- Beds
- 9
- Baths
- 9.0
- sq ft
- 4,838
723 El Salto Dr, Capitola, CA 95010
723 El Salto Dr
Capitola, CA 95010
- 202 days on market
- Price drop $1,000,000↓
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 $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 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 and the construction of condos or new homes with ADUs.
Details
Property type
Single Family Residence
Lot size
0.828 acres
Price per sq ft
$1,447
Year built
1956
Price History
06/12/2024
BridgeMLS #ML81955751
Price change
$6,998,000
-12.5%
02/29/2024
BridgeMLS #ML81955751
Listed
$7,998,000
Schools & Community
Elementary school:Â
Unknown
Middle school:Â
Unknown
High school:Â
Unknown
High school district:Â
Santa Cruz City High
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Status: Active
Tomo last checked: 09/18/2024 at 6:30 PM
Listing updated: 09/01/2024 at 1:21 AM
Listed by: Jennifer Cosgrove, Intero Real Estate Services Phone #:Â (408) 930-8425
MLS: BridgeMLS #ML81955751
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