723 El Salto Drive, Capitola, CA

$6,998,000

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9

Beds

9

Baths

4,838

Square feet

0.83

Acres

About 723 El Salto Drive

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.

Features of 723 El Salto Drive

MLS® # ML81955751
Price $6,998,000
Bedrooms 9
Bathrooms 9.00
Full Baths 9
Square Footage 4,838
Acres 0.83
Year Built 1956
Type Residential
Sub-Type Single Family Residence
Style Cottage, Traditional
Status Active

Community Information

Address 723 El Salto Drive
Area Listing
City Capitola
County Santa Cruz
State CA
Zip Code 95010

Amenities

Parking Parking Lot
# of Garages 4
View Bay
Is Waterfront No
Has Pool No

Interior

Heating Wall Furnace
Cooling None
Fireplace No
# of Stories 2
Stories Two Story

Exterior

Lot Description Level
Roof Shingle

School Information

District Santa Cruz City High

Additional Information

Date Listed February 29th, 2024
Zoning R-1
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

AgentJennifer Cosgrove
OfficeIntero Real Estate Services

Listing Map

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