723 El Salto Dr

CAPITOLA, CA 95010 View Map $6,998,000 Schedule a Tour
Acres0.83
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For information about this home for sale 723 El Salto Dr in Capitola CA 95010 with MLS # ML81955924. Located in in Santa Cruz.  View large photos, pricing, information and more. For a showing call Gregg Camp, Realtor, Broker, today at 831-818-7524
Status: Active
Property Type:Residential Development Land
MLS #:ML81955924
On Site:112 Days
Lot Size:0.83 Acres
County:Santa Cruz
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 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 and the construction of condos or new homes with ADUs.

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$000 Monthly Payment
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Price Change History

Date Old Price New Price Percent Change
5/31/2024$7,998,000$6,998,000-12.5%

Community Information

Address:723 El Salto Dr, CAPITOLA, CA 95010
County:Santa Cruz
Zip:95010
Neighborhood:Capitola

Property Features

Lot Size: 0.83 Acres
Lot Description: Grade - Level, Possible Lot Split, Views
Cross Street: Livermore
Water: Public
View: Bay, Ocean
Utilities: Public Utilities
Sewer/Septic: Sewer - Public
Parcel Access: Accessible, Private Road
Fencing Features: Fenced Back, Partial Fencing
Zoning:R-1 and VS
Subclass: Residential Development Land
Incorporated: Yes

Tax and Financial Info

Buyer Agency Compensation: 2.50%
Present Use: Multi-Family, Residential, Single Family
Development Status: Lot Split Possible, Minor Subdivision (2-4 Parcels)

Listing Agent/Office

Agent:Jennifer Cosgrove
Office:Intero Real Estate Services
Broker Phone:408-930-8425

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723 El Salto Dr CAPITOLA,  CA 95010
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723 El Salto Dr CAPITOLA, CA 95010
 
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