Capitola, CA 95010,723 El Salto Drive
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Capitola, CA 95010,723 El Salto Drive
Capitola, CA 95010,723 El Salto Drive
Capitola, CA 95010,723 El Salto Drive
Capitola, CA 95010,723 El Salto Drive
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$ 6,098,000
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Active

723 El Salto Drive Capitola, CA 95010

0.83 Acres Lot


UPDATED:

12/05/2024 07:09 AM

Key Details

Property Type Vacant Land

Sub Type Unimproved Land

Listing Status Active

Purchase Type For Sale

MLS Listing ID ML81955924

HOA Y/N No

Lot Size 0.828 Acres

Acres 0.83

Property Description

This exceptional bluff-front property enhanced with a Carmel Style 4-car garage built in 2019 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 2 ideas. 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 in progress) and the construction of condos or new homes with ADUs.

Location

State CA

County Santa Cruz

Area Listing

Zoning R-1

Interior

Fireplace No

Exterior

View Y/N true

View Bay

Building

Lot Description Level

New Construction No

Schools

School District Santa Cruz City High

Others

Tax ID 03614335000


Bridge MLS
Listed by Jennifer Cosgrove • Intero Real Estate Services

Lisa Reinsmith

Realtor® | License ID: 01512772

+1(925) 550-2689

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723 El Salto Drive