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723 El Salto Drive

Capitola, CA 95010
  • $6,998,000
  • STATUS: Active
  • ON SITE: 141 Days
  • ID#: ML81955924
UPDATED: 138 min ago
$6,998,000
  • 0
    BEDS
  • 0.83
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Vacant Land / Lots
County:

School Information

Middle School:
High School:
School District:
Listing Agent(s): Jennifer Cosgrove of Intero Real Estate Services ((408) 357-5700)


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 $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.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2024-07-21T19:37:09.77. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or American Real Estate List & Sell. Licensed in the State of California, USA.
www.americanrealestatehomes.com/homes/148166618
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723 El Salto Drive Capitola, CA 95010

  • Price: $6,998,000
  • Status: Active
  • On Site: 141 Days
  • Updated: 138 min ago
  • ID#: ML81955924
0
Beds
0
Baths
0
½ Baths
0.83
Acres
Neighborhood:
699 - Not Defined
County:
Santa Cruz
Area:
699 - Not Defined
Middle School:
Other
High School:
Soquel
School District:
Other
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 $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.
Exterior Features

Fencing Partial Lot Features Level Parking Total 0 View BayOcean View YN Yes

Property Features

Association YN No Listing Agreement Exclusive Right To Sell Listing Service Full Service Sewer Public Sewer Special Listing Conditions Standard Water Source Public Zoning R-1 and VS



Based on information from California Regional Multiple Listing Service, Inc. as of 2024-07-21T19:37:09.77. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or American Real Estate List & Sell. Licensed in the State of California, USA.
 
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American Real Estate List & Sell
6391 Magnolia Ave., B20
Riverside CA, 92505
Listing Agent(s): Jennifer Cosgrove of Intero Real Estate Services ((408) 357-5700)