$7,998,000 $42,935 est/mo Sourced by Back At You

723 El Salto Drive,Capitola, CA 95010

Capitola CA, 95010

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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 boasts 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, it's an exceptional investment in a prime location. Consider the adjacent property at 106 Livermore, listed at $6M+ for a smaller house & lot, highlighting the exceptional value and potential of this development after the proposed lot split and new homes with ADU's or condos are built.

Details

MLS#ML81955751
Listing TypeFor Sale
StyleHouse
Sub-TypeResale
StatusActive
Year1956
Days On Site89
Listing Provided ByIntero Real Estate Services (408) 357-5700 | Jennifer Cosgrove

Features

Bed(s)9
Bath(s) 9 Total
SQ Feet4,838
Garage4
Story(s)2
ZoningR-1 and VS
Acreage0.83
Property ViewYes

Market Activity 95010

MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the California Regional MLS.

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Listings Checked: 2 minutes ago
StateCA
CountySanta Cruz
CityCapitola
Zip Code95010
Area699 Not Defined
Listing VS Median (in 95010)
Price:
$7,998,000
low | high
Med:
$1,322,500
100% of Average
SqFt:
4,838
low | high
Med:
894
100% of Average
$ / SqFt:
$1,653
low | high
Med:
$2,552
4.394901964675% of Average
On Site:
89
low | high
Med:
375.500000
23.7017310253% of Average
Sourced by Back At You
Listing Updated: May 27, 2024 at 12:50:01 PM PDT