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Gail LoBello
Direct Office:
831-462-4825
[email protected]

DRE# 00523219
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Gail LoBello
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Direct Office:
831-462-4825
gaillobello@
gmail.com

DRE# 00523219
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FOR SALE
$6,998,000

723 El Salto Drive
Capitola, CA 95010

Single Family
Residential
9
Beds
9
Baths
4,838
Sq. Ft.
0.828
Acre Lot
Courtesy: Jennifer Cosgrove - Intero Real Estate Services
Home> California> Capitola> 95010
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.
ML81955751
Single Family, Cottage, Traditional, 2 Story
9
Santa Cruz
9 Full
1956
0.828 Acres
Public Water
2
Public Sewer
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The scores below measure the walkability of the address, access to public transit of the area and the convenience of using a bike on a scale of 1-100

Walk Score

Transit Score

Bike Score

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Courtesy: Jennifer Cosgrove - Intero Real Estate Services
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