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Home For Sale
723 El Salto DR
Capitola, California 95010
Santa Cruz County Ocean View: YesCommunity:
$7,998,000
9 br, 9.0 bath
4838 sq. ft.
0.828 acres
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 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.
Interior:
- Bedrooms: 9
- Baths: 9.0
- Sq Ft: 4838
- Year Built: 1956
- Utilities:
- Fireplaces:
- Stories:
- Heat/AC:
- Garage:
Exterior:
- Lot Size: 0.828 acre
- Lot Dimensions:
- View Types: Ocean, Water
- Yard:
- Siding:
- Roof: Composition Shingle
- MLS #: ML81955751
Ad Number: 4662912
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Updated: Mar 05, 2024
This property is a Home located at 723 El Salto DR, Capitola, California 95010, and is currently For Sale at $7,998,000. This Home has 9 bedrooms, 9.0 baths, 4838 sq ft.
Listing Agent: Jennifer Cosgrove, Intero Real Estate Services, Inc., 408-930-8425, 408-357-5700
Listing Site, Listing Status: Active
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