723 El Salto Drive
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:
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Last updated Jan 18, 2025
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MLS# ML81990913 —
This home is listed in more than one place. See it here, and here.
The Building
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Year Built:1956
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Year Built Source:Other
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New Construction:No
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Architectural Style:Cottage, Traditional
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Roof:Shake, Composition
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Stories Total:2
Interior
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Living Area Source:Other
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Fireplace:No
Room Dimensions
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Living Area:4838.00
Location
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Directions:take Escalona Drive to Sacramento Ave, turn right, then left at El Salto. It's the last property on the right :) Cross Street: Livermore
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Latitude:36.97527836
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Longitude:-121.94432630
The Property
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Property Type:Residential
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Zoning:R-1 and VS
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Lot Features:Level
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Lot Size Area:36068.0000
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Lot Size Acres:0.8280
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Lot Size SqFt:36068.00
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Lot Size Source:Assessor
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View:1
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View:Bay, Ocean
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Fencing:Partial
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Fence:Yes
Listing Agent
- Contact info:
- No listing contact info available
Beds
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Total Bedrooms:9
Baths
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Total Baths:9
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Full & Three Quarter Baths:9
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Full Baths:9
The Listing
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Special Listing Conditions:Standard
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Parcel Number:03614335000
Heating & Cooling
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Heating:1
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Heating:Wall Furnace
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Cooling:Yes
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Cooling:None
Utilities
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Sewer:Public Sewer
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Water Source:Public
Appliances
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Included:No
Schools
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Middle School:Other
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Middle School:OTHER
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High School:Soquel
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High School:SOQUEL
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High School District:Other
The Community
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Association:No
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Assessments:No
Parking
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Parking Spaces:6.00
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Attached Garage:No
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Garage Spaces:4.00
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 | $298 See report |
| Total | $29,572/mo.* |
| *This is an estimate |
Air Pollution Index
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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
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Listed / Active | CRMLS_CA | $5,200,000 |
