723 El Salto Drive, CAPITOLA, CA 95010 (MLS # ML81955751)
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This exceptional bluff-front property enhanced with a new Carmel Style 4-car garage on Depot Hill in Capitola, offers a lucrative investment with breathtaking views and proximity to local attractions, promising both prestige and tranquility. It includes a 4,838 sq ft two-story fourplex and a charming 495 sq ft one-bedroom cottage, currently leased, generating approx. $25K in income, with significant development potential. Zoned for both residential and bed and breakfast, it's a rare find in a prestigious area, with potential for minor land division and the development of 2 luxury homes with ADU's. Its picturesque setting boasts expansive Monterey Bay views and marine life sightings. Near Capitola Village, it's a short walk to beaches, dining, 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 and lot, highlighting the exceptional value and potential of this development after the proposed lot split and new homes with ADU's are built.
| LAST UPDATED | 2/29/2024 | YEAR BUILT | 1956 |
|---|---|---|---|
| GARAGE SPACES | 4.0 | COUNTY | Santa Cruz |
| STATUS | Active | PROPERTY TYPE(S) | Single Family |
| Jr. High School | New Brighton Middle |
|---|
| ADDITIONAL DETAILS | |
| BUYER'S BROKERAGE COMPENSATION | 2.50 |
|---|---|
| GARAGE | Yes |
| LOT | 0.828 acre(s) |
| LOT DESCRIPTION | Level |
| LOT DIMENSIONS | 36068.00 |
| PARKING | Detached |
| SEWER | Public Sewer |
| STORIES | 2 |
| STYLE | Cottage, Traditional |
| VIEW | Yes |
| VIEW DESCRIPTION | Bay, Ocean |
| WATER | Public |
| ZONING | R-1 and VS |
The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the MLSListings™ MLS system. All real estate listings in the MLSListings MLS system are marked with the MLSListings Internet Data Exchange icon (a stylized house inside a circle), and detailed information about them includes the names of the listing brokers and listing agents.
Based on information from MLSListings MLS as of 5/18/24 11:47 AM PDT. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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