$7,998,000
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723 El Salto Drive Capitola, CA 95010
Single Family
Residence
9
Beds
9
Baths
...
Bed/Bath
4,838
Sq. Ft.
Property Activity
Time on Site
days
Days on Market
Views
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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 charmin...g 495 sq ft one-bedroom cottage, currently leased, generating approx. $25K in income, with significant development potential. Zoned for both residential and bed and breakfast, it's a rare find in a prestigious area, with potential for minor land division and the development of 2 (or 3!) luxury homes with ADU's. 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. Consider the adjacent property at 106 Livermore, listed at $7.9M for a smaller house and lot, highlighting the exceptional value and potential of this development after the proposed lot split and new homes with ADU's are built.
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MLS#
ML81955751
Property Type
Single Family
Bedrooms
9
Bathrooms
9 Full
Year Built
1956
Square Feet
4,838
sq. ft
Lot Size
0.83
Sewer
Public Sewer
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Source: Walk Score®
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