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