Roger Malech — Intero Real Estate
Description Open House Details Location Market Trends Schools Recent Sales Virtual Tour
$6,098,000 Est. $22,454 / mo.*

723 El Salto Dr Capitola , CA 95010

Courtesy of Intero Real Estate Services, Jennifer Cosgrove 408-930-8425

Description

9 Beds
9 Baths
4,838 Sqft
36,068 Sqft lot
0.83 Acre lot
Status: Active
Property Type: Single Family Residence
Year Built: 1956
Days on Website: 267
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.

Open House

Property Details and Features

Listing
Source:
MLSListings
Listed on 2024-02-29 00:
00:00
Lot
Max Area:
36068.00
Max Area Units:
Square Feet
Grade - Level
Possible Lot Split
Views
Bedrooms
9 bedrooms
[+] Read More
$6,098,000 - 9Br/9Ba - for Sale in Capitola
Virtual Tour

Contact an Agent

Roger Malech

408-201-0132 408-605-4162

Location

$6,098,000 -
723 El Salto Dr Capitola , CA 95010
County: Santa Cruz

Street View

Nearby Schools

Recent Sales in the Area

Listings last updated on November 22, 2024 2:05AM.

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