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$6,098,000

Est. payment - /mo

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9 BD

9 BA

0.83 Acres Lot

Active

723 El Salto DR Capitola, CA 95010

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Nathan King Real Estate Group

info@kingrealestate.group +1(559) 396-0000

UPDATED:

10/17/2024 09:13 PM

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

MLS Listing ID ML81955751

Bedrooms 9

Full Baths 9

HOA Y/N No

Year Built 1956

Lot Size 0.828 Acres

Acres 0.828

Property 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 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.

Location

State CA

County Santa Cruz

Area 699 - Not Defined

Zoning R-1 and VS

Interior

Heating Wall Furnace

Cooling None

Fireplace No

Exterior

Garage Spaces 4.0

Garage Description 4.0

Fence Partial

View Y/N Yes

View Bay, Ocean

Roof Type Composition,Shake

Attached Garage No

Total Parking Spaces 6

Building

Lot Description Level

Faces South

Story 2

Sewer Public Sewer

Water Public

Architectural Style Cottage, Traditional

New Construction No

Schools

Middle Schools Other

High Schools Soquel

School District Other

Others

Tax ID 03614335000

Special Listing Condition Standard

Listed by Jennifer Cosgrove • Intero Real Estate Services

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Nathan King Real Estate Group

Broker | License ID: 01878277

+1(559) 396-0000

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