723 El Salto DR
Capitola, CA 95010
- 9 beds
- 9 baths
- 4,838 sqft
- ~3/4 acre lot
- $1,074 per sqft
- 1956 build
- – on site
This exceptional bluff-front property enhanced with a newer 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.
Last checked:
As a licensed real estate brokerage, Estately has access to the same database professional Realtors use: the Multiple Listing Service (or MLS). That means we can display all the properties listed by other member brokerages of the local Association of Realtors—unless the seller has requested that the listing not be published or marketed online.
The MLS is widely considered to be the most authoritative, up-to-date, accurate, and complete source of real estate for-sale in the USA.
Estately updates this data as quickly as possible and shares as much information with our users as allowed by local rules. Estately can also email you updates when new homes come on the market that match your search, change price, or go under contract.
Checking…
•
Last updated Jan 18, 2025
•
MLS# 81990913 —
This home is listed in more than one place. See it here, and here.
The Building
-
Year Built:1956
-
Age:69
-
Style:Cottage, Traditional
-
Subclass:Other Residential
-
Roofing:Shake, Composition
-
Foundation:Crawl Space
-
# of Stories:2
-
Structure SqFt:4838
-
Structure SqFt Source:Other
Interior
-
Dining Room:No Formal Dining Room
-
Family Room:No Family Room
-
Fireplace:No
Room Dimensions
-
Living SqFt:4838
Location
-
Cross Street:Livermore
-
City Limits:Yes
The Property
-
Lot Description:Grade - Level, Possible Lot Split, Views
-
Lot Acres:0.8280
-
Lot Size Area Min:36068.00
-
Zoning:R-1 and VS
-
Parcel Number:036-143-35-000
-
Available Views:Bay, Ocean, Water Front
-
Horse Property:No
-
Fencing:Fenced Back, Partial Fencing
Listing Agent
- Contact info:
- No listing contact info available
Taxes
-
Property ID:81990913
Beds
-
Total:9
-
Beds Max:9
-
Beds Min:9
Baths
-
Full Baths:9
The Listing
-
Branded Additional Tour:
-
Unbranded Additional Tour:
-
Branded 3D Tour:
-
Unbranded 3D Tour:
-
Unbranded Drone Tour:
-
Branded Drone Tour:
-
Additional Listing Info:Not Applicable
-
Automated Valuations Allowed:1
Heating & Cooling
-
Cooling Methods:None
-
Heating Methods:Wall Furnace
Utilities
-
Utilities:Public Utilities
-
Sewer/Septic System:Sewer - Public
-
Water Source:Public
The Community
-
HOA:No
-
Pool:No
Parking
-
Description and Access:Detached Garage, Parking Area, Room for Oversized Vehicle
-
Parking Spaces:6
-
Garage:4
-
Garage:4
-
Garage Spaces:4
Extra Units
-
Second Unit Desc:1 bed cottage
-
Second Residence SqFt:495 Sqft
Monthly cost estimate
Asking price
$5,200,000
| Expense | Monthly cost |
|---|---|
|
Mortgage
This calculator is intended for planning and education purposes only. It relies on assumptions and information provided by you regarding your goals, expectations and financial situation, and should not be used as your sole source of information. The output of the tool is not a loan offer or solicitation, nor is it financial or legal advice. |
$27,844
|
| Taxes | N/A |
| Insurance | $1,430 |
| Utilities | $337 See report |
| Total | $29,611/mo.* |
| *This is an estimate |
Air Pollution Index
Provided by ClearlyEnergy
The air pollution index is calculated by county or urban area using the past three years data. The index ranks the county or urban area on a scale of 0 (best) - 100 (worst) across the United Sates.
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
1/17/25
Jan 17, 2025
|
Listed / Active | MLSLISTINGS | $5,200,000 |
