723 El Salto Drive
$6,098,000
9
9
4,838
4,838
$1,260
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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...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.
Property Details for 723 El Salto Drive
MLS City Name
CAPITOLA
Building TypeDetached
StyleCottage, Traditional
Garage Spaces4
Parking Spaces6
ViewBay, Ocean, Water Front
Cross StreetLivermore
LISTING UPDATED: 10/17/2024 01:51 PM
Property Details for 723 El Salto Drive
Status | Active |
---|---|
MLS # | ML81955751 |
Days on Compass | 266 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Single Family |
MLS Type | Single-Family Homes / Detached |
Year Built | 1956 |
Lot Size | 0.83 AC / 36,068 SF |
County | Santa Cruz County |
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Building Information for 723 El Salto Drive
Stories2Year Built1956Building Size-Lot Size0.83 AC / 36,068 SF
Property Information for 723 El Salto Drive
Property History for 723 El Salto Drive
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 723 El Salto Drive
Taxable ValueLand$2,614,581Additions$867,335Total$3,481,916
Tax Record2024$43,167 ($3,597 / month)
Home Facts
Baths2Total Finished SqFt1,320 SqFtAbove Grade Finished SqFt1,320 SqFtLot Size36,068 SqFtStyleHotel / MotelYear Built2004CountySANTA CRUZAPN036-143-35
Schools near 723 El Salto Drive
This home is within Soquel Union Elementary School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 5 | |||
Public - | 6 to 8 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 |
Rating | School | Distance |
---|---|---|
Main Street Elementary School PublicK to 5 | ||
Mission Hill Middle School Public6 to 8 | ||
New Brighton Middle School Public6 to 8 | ||
Harbor High School Public9 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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