723 El Salto Drive
Capitola, CA 95010
- 9 beds
- 9 baths
- 4,838 sqft
- ~3/4 acre lot
- $1,260 per sqft
- 1956 build
- – on site
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.
Last checked:
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Last updated Dec 23, 2024
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MLS# ML81955751 —
This home is listed in more than one place. See it here, and here, and here, and here, and here.
The Building
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Year Built:1956
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Building Area Units:Square Feet
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Architectural Style:Cottage
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Roof:Shingle
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Stories:2
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Levels:Two Story
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Basement:Crawl Space
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Building Area Total:4838
Interior
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Fireplace:false
Room Dimensions
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Living Area:4838
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Living Area Units:Square Feet
Location
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Directions:take Escalona Drive to Sacramento Ave, turn right,
The Property
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Property Type:Residential
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Property Subtype:Single Family Residence
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Parcel Number:03614335000
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Zoning:R-1
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Lot Features:Level
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Lot Size Area:0.828
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Lot Size Acres:0.828
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Lot Size SqFt:36068
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Lot Size Units:Acres
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View:Bay
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View:true
Listing Agent
- Contact info:
- Agent phone:
- (408) 930-8425
Beds
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Bedrooms Total:9
Baths
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Total Baths:9
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Full Baths:9
The Listing
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Listing TermsCash
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Virtual Tour URL Branded:https://vimeo.com/917734818
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Virtual Tour URL Unbranded:https://vimeo.com/917734818
Heating & Cooling
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Heating:Wall Furnace
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Heating:true
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Cooling:None
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Cooling:false
Utilities
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Sewer:Public Sewer
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Water Source:Public
Schools
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High School District:Santa Cruz City High
The Community
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Association:false
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Pool Private:false
Parking
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Garage:true
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Attached Garage:false
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Garage Spaces:4
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Carport:false
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Parking Features:Parking Lot
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Covered Spaces:4
Monthly cost estimate
Asking price
$6,098,000
| 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. |
$32,652
|
| Taxes | N/A |
| Insurance | $1,676 |
| Utilities | $298 See report |
| Total | $34,626/mo.* |
| *This is an estimate |
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
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 |
|---|---|---|---|---|
|
9/22/24
Sep 22, 2024
|
Price Changed | BRIDGE | $6,098,000 | -12.9% |
|
6/11/24
Jun 11, 2024
|
Price Changed | BRIDGE | $6,998,000 | -12.5% |
|
2/29/24
Feb 29, 2024
|
Listed / Active | BRIDGE | $7,998,000 |
