723 El Salto Drive Active Save Request In-Person Tour Request Virtual Tour
Capitola,CA 95010
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 4,838 sqft
Price per Sqft $1,260
MLS Listing ID ML81955751
Bedrooms 9
Full Baths 9
HOA Y/N No
Year Built 1956
Lot Size 0.828 Acres
Acres 0.828
Property Description
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 approx $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 (in progress) and the development of 2 luxury homes w/ADU's or 4 condos with a house as just 2 possibilities. 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 (currently inprogress) and the construction of apartments, condos or new homes with ADUs.
Location
State CA
County Santa Cruz
Area Listing
Zoning R-1
Rooms
Basement Crawl Space
Interior
Heating Wall Furnace
Cooling None
Fireplace No
Exterior
Garage Spaces 4.0
View Y/N true
View Bay
Parking Type Parking Lot
Private Pool false
Building
Lot Description Level
Story 2
Sewer Public Sewer
Water Public
Architectural Style Cottage,Traditional
Level or Stories Two Story
New Construction No
Schools
School District Santa Cruz City High
Others
Tax ID 03614335000