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Home For Sale
723 El Salto DR
Capitola, California 95010
Santa Cruz County Ocean View: YesCommunity:
$6,998,000
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 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.
Interior:
- Bedrooms: 9
- Baths: 9.0
- Sq Ft: 4838
- Year Built: 1956
- Utilities:
- Fireplaces:
- Stories:
- Heat/AC:
- Garage: Garage, Garage - Detached, Oversized
Exterior:
- Lot Size: 0.828 acre
- Lot Dimensions:
- View Types: Ocean, Water
- Yard:
- Siding:
- Roof: Composition, Shake
- MLS #: ML81955751
Ad Number: 4662912
Viewed 95 times.
Updated: Jun 01, 2024
This property is a Home located at 723 El Salto DR, Capitola, California 95010, and is currently For Sale at $6,998,000. 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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