723 El Salto Dr, CAPITOLA, CA

$6,998,000

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0.83

Acres

About 723 El Salto Dr

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 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 and the construction of condos or new homes with ADUs.

Features of 723 El Salto Dr

MLS® # ML81955924
Price $6,998,000
Acres 0.83
Type Residential Lots and Land
Sub-Type Residential Development Land
Status Active

Community Information

Address 723 El Salto Dr
Area Capitola
City CAPITOLA
County Santa Cruz
State CA
Zip Code 95010

Amenities

Utilities Public Utilities
View Bay View, Ocean View
Is Waterfront No

Interior

Fireplace No

Exterior

Lot Description Grade - Level, Possible Lot Split, Views

Additional Information

Zoning R-1 and VS
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

AgentJennifer Cosgrove
OfficeIntero Real Estate Services
Contact Info408-930-8425

Listing Map

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