Active

723 El Salto DR

CAPITOLA CA, 95010

$7,998,000


$221.75 per sqft

Active

0.83 Acres

Land

Listed by Intero Real Estate Services, Jennifer Cosgrove, Listing Contact: 4089308425

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.

ML81955924

MLS ID

March 22, 2024

Updated

Map

723 El Salto DR
CAPITOLA CA, 95010

Exterior/Building Features

Lot Size

0.83 Acres


Lot Features

Level


Sewer

Public Sewer

School Information

School District

870


High School

Soquel High

Other Property Details

Area Name

Capitola


Garage

No


View

Yes


View Description

Bay, Ocean


County

Santa Cruz


Water Source

Public


Pool

No


Zoning

R-1 and VS


Buyer Agency Compensation

2.5%

Listed by Intero Real Estate Services, Jennifer Cosgrove,
Listing Contact: 4089308425 

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Data last updated 1:19 AM UTC, 3/22/2024

 

 

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