Listed by Jennifer Cosgrove - DRE #01334273 - Intero Real Estate Services 408-357-5700
$6,098,000 affordable loan icon Calculate Payment

723 El Salto Drive Capitola, CA 95010

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Land Residence
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0.83 Acre Lot
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Last updated on 11/15/2024 9:13 PM

Listing Details

This exceptional bluff-front property enhanced with a Carmel Style 4-car garage built in 2019 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 and the development of 2 luxury homes w/ADU's or 4 condos with a house as 2 ideas. 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 in progress) and the construction of condos or new homes with ADUs. Continue reading
MLS#
ML81955924
Property Type
Land
Status
Lot Size
0.83
Sewer
Public Sewer
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Listed by Jennifer Cosgrove - DRE #01334273 - Intero Real Estate Services 408-357-5700
Barbara Lynn Simmons, CALBRE 637579, Xome Inc., CALBRE 1932600, [email protected], 844-400-XOME (9663), 2945 Townsgate Road, Suite 200, Westlake Village, CA 91361

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This content last refreshed on 11/15/2024 9:13 PM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
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