Waterfront
Listed By:
Jennifer Cosgrove Cosgrove with Intero Real Estate Services - 408-930-8425
Address
723 El Salto DR, Capitola, CA
Price
$ 7,998,000
Property Attributes
  • MLS#ML81955751
  • TypeSingle Family
  • CountySANTA CRUZ
  • CityCapitola
  • AreaCapitola
  • Zip95010
  • StyleCottage,Traditional
  • Price$ 7,998,000
  • Bedrooms9
  • Full Bathrooms9
  • Half Bathrooms0
  • Sqr Footage4838
  • Lot Size0.828 Acres
Data Source:
MLSListings Inc.
Property Description

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.

Price History
2/29/2024 Listed $7,998,000

General Features

Heating Wall Furnace
Cooling None
Utilities Public Utilities
Roof Shake,Composition
Water Public
Number of Garage Spaces 4
Architectural Style Cottage,Traditional
Year Built 1956
View Bay,Ocean,Water Front
Age 68
Property SubType Single Family Home
Property Faces South
City Limits (Y/N) Yes
Zoning Text R-1 and VS
Building Type Detached
Incorporated Y/N Yes
County Santa Cruz
Property Type Residential
Special Listing Conditions Not Applicable
Status Active
City CAPITOLA
MLS Area Capitola
Listing Agent State License 01334273
Virtual Tour https://vimeo.com/915830506
Virtual Tour https://vimeo.com/915830506

Interior Features

Family Room No Family Room
Dining Room No Formal Dining Room
Living SqFt 4838
Full Baths 9
Total Bedrooms 9

Exterior Features

Lot Description Grade - Level,Possible Lot Split,Views
Fencing Fenced Back,Partial Fencing
Parking Features Detached Garage,Parking Area,Room for Oversized Vehicle
Horse Property No
Parking Spaces 6
Lot Size Area 36068.00
Maximum Lot Size 36068.00
Sewer/Septic Sewer - Public
Foundation Details Crawl Space
Building Area Total 4838
Lot Acres 0.8280
Lot Size Units Square Feet

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Single Family Average in 95010

Price
AVG $3.12M
$8M
Visits
AVG 183
206
Data Provided by Inside Real Estate®
Year Built
AVG 1971
1956