Capitola, CA 95010,723 El Salto DR
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Capitola, CA 95010,723 El Salto DR
Capitola, CA 95010,723 El Salto DR
Capitola, CA 95010,723 El Salto DR
Capitola, CA 95010,723 El Salto DR
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723 El Salto DR Capitola, CA 95010

0.83 Acres Lot


UPDATED:

10/17/2024 09:13 PM

Key Details

Property Type Vacant Land

Listing Status Active

Purchase Type For Sale

MLS Listing ID ML81955924

HOA Y/N No

Lot Size 0.828 Acres

Acres 0.828

Property Description

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.

Location

State CA

County Santa Cruz

Area 699 - Not Defined

Zoning R-1 and VS

Interior

Fireplace No

Exterior

Fence Partial

View Y/N Yes

View Bay, Ocean

Present Use Multi-Family,Residential

Building

Lot Description Level

Sewer Public Sewer

Water Public

Schools

Middle Schools Other

High Schools Soquel

School District Other

Others

Tax ID 03614335000

Special Listing Condition Standard


California Regional MLS (CRMLS)
Listed by Jennifer Cosgrove • Intero Real Estate Services

Amy Saflar

Broker Associate | License ID: 01238780

+1(619) 991-9291

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723 El Salto DR