723 El Salto Drive Capitola, CA 95010
Listing Courtesy of: MLSlistings Inc. / Los Gatos / Jennifer Cosgrove - Contact:  408-930-8425

  723 El Salto Drive Capitola, CA 95010

Active (87 Days)
$7,998,000

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 $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 This picturesque setting boasts 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, it's an exceptional investment in a prime location. Consider the adjacent property at 106 Livermore, listed at $6M+ for a smaller house & lot, highlighting the exceptional value and potential of this development after the proposed lot split and new homes with ADU's or condos are built.

MLS #:
ML81955924
Lot Size
0.83 acres
Type
Land
Views
Bay, Ocean
School District
870
County
Santa Cruz County

Listed By

Jennifer Cosgrove, DRE #01334273, Los Gatos, Contact: 408-930-8425
Source
MLSlistings Inc.
Last checked May 26 2024 at 9:38 PM GMT+0000
Bathroom Details
Lot Information
  • Views
  • Possible Lot Split
  • Grade - Level
Utility Information
  • Utilities: Public Utilities, Water - Public
  • Sewer: Sewer - Public
School Information
  • Middle School: New Brighton Middle
  • High School: Soquel High
Additional Listing Info
  • Buyer Brokerage Commission: 2.50
Location
   
Calculate drive times to this property
 
Powered by INRIX® Drive Time

Estimated Monthly Mortgage Payment

*Based on Fixed Interest Rate withe a 30 year term, principal and interest only

Listing price
Down payment
%
Interest rate
%
Mortgage calculator estimates are provided by Intero Real Estate and are intended for information use only. Your payments may be higher or lower and all loans are subject to credit approval.
Disclaimer: The data relating to real estate for sale on this website comes in part from the Broker Listing Exchange program of the MLSListings Inc.TM MLS system. Real estate listings held by brokerage firms other than the broker who owns this website are marked with the Internet Data Exchange icon and detailed information about them includes the names of the listing brokers and listing agents. Listing data updated every 30 minutes.

Properties with the icon(s) are courtesy of the MLSListings Inc.

Listing Data Copyright 2024 MLSListings Inc. All rights reserved. Information Deemed Reliable But Not Guaranteed.