723 El Salto Drive Capitola, CA 95010
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 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.
- Property TypeSingle Family Home
- NeighborhoodN/A
- CountySanta Cruz
- Taxes$0
- HOA/Condo/Coop Fees$0
- Days on Site38 Days
- MLS StatusActive
- MLS ID NumberML81955751
- Home Size Source Other
- Year Built1956
- Lot Size0.828 Acres
- Full Baths9
- Partial BathsN/A
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General Features
- Style CottageTraditional
- Parking Spaces 6
- Sewer Public Sewer
- Number of Stories 2
- Acreage 0.828
- Water Public
- Property Sub Type Single Family Residence
- Garage Spaces 4
- Attached Garage No
- Zoning R-1 and VS
- Listing Conditions Standard
- Direction Faces South
Interior Features
- Cooling None
- Heating Wall Furnace
- Fireplace No
Exterior Features
- Roof ShakeComposition
- View BayOcean
- Fencing Partial
- Lot Level
Community Features
- MLS Area 699 - Not Defined