CA > Capitola
Capitola, CA 95010,723 El Salto Drive
Capitola, CA 95010,723 El Salto Drive
Capitola, CA 95010,723 El Salto Drive
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Parisa Samimi

Parisa Samimi

+1(510) 410-4050
$6,098,000
Est. payment /mo
9 Beds
9 Baths
4,838 SqFt
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UPDATED:

10/18/2024 06:47 AM

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 4,838 sqft

Price per Sqft $1,260

MLS Listing ID ML81955751

Bedrooms 9

Full Baths 9

HOA Y/N No

Year Built 1956

Lot Size 0.828 Acres

Acres 0.828

Property Description

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.

Location

State CA

County Santa Cruz

Area Listing

Zoning R-1

Rooms

Basement Crawl Space

Interior

Heating Wall Furnace

Cooling None

Fireplace No

Exterior

Garage Spaces 4.0

View Y/N true

View Bay

Private Pool false

Building

Lot Description Level

Story 2

Sewer Public Sewer

Water Public

Architectural Style Cottage, Traditional

Level or Stories Two Story

New Construction No

Schools

School District Santa Cruz City High

Others

Tax ID 03614335000

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Bridge MLS
© 2024 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.
Listed by Jennifer Cosgrove • Intero Real Estate Services

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Parisa Samimi

+1(510) 410-4050

Founder & Real Estate Broker | License ID: 01858122

Founder & Real Estate Broker License ID: 01858122

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723 El Salto Drive