Listing provided courtesy of Intero Real Estate Services - MLS# ML81955751MLS Provider

723 El Salto DRCAPITOLA, CA 95010

Single Family · 9 Beds · 9 Full Baths · 4,838 Sq. ft. | 0.83 Acres

$7,998,000 Active

Overview

Time on Site:
45 days
Visits:
213

This exceptional bluff-front property enhanced with a new Carmel Style 4-car garage on Depot Hill in Capitola, offers a lucrative investment with breathtaking views and proximity to local attractions, promising both prestige and tranquility. It includes a 4,838 sq ft two-story fourplex and a charming 495 sq ft one-bedroom cottage, currently leased, generating approx. $25K in income, with significant development potential. Zoned for both residential and bed and breakfast, it's a rare find in a prestigious area, with potential for minor land division and the development of 2 (or 3!) luxury homes with ADU's. Its picturesque setting boasts expansive Monterey Bay views and marine life sightings. Near Capitola Village, it's a short walk to beaches, dining, 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 $7.9M for a smaller house and lot, highlighting the exceptional value and potential of this development after the proposed lot split and new homes with ADU's are built.

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Facts & Features

  • Type Single Family
  • Sq. ft. 4,838
  • Price/Sq.ft. $1,653
  • Lot 0.83 Acres

General

Association/HOA
  • Association: 0
Building Information
  • Year Built: 1956
Location/Region
  • County Or Parish: Santa Cruz
  • MLS Area Major: Capitola
General Information
  • Parcel Number: 036-143-35-000
  • Property Sub Type: Detached
  • Property Type: Residential
  • Zoning: R-1 and VS

Interior

Parking Information
  • Garage Spaces: 4
Beds/Baths
  • Bathrooms Full: 9
  • Bathrooms Half: 0
  • Bedrooms Total: 9
General Information
  • Cooling: None
  • Fireplace: 0
  • Foundation Details: Crawl Space
  • Heating: Wall Furnace
  • Living Area: 4838
  • Stories Total: 2

Exterior

Parking Information
  • Parking Features: Detached Garage,Parking Area,Room for Oversized Vehicle
  • Parking Total: 6
Lot Information
  • Lot Features: Grade - Level,Possible Lot Split,Views
  • Lot Size Acres: 0.8280
  • Water Source: Public
Waterfront/View
  • View: Bay,Ocean,Water Front
Building Exterior/Construction
  • Architectural Style: Cottage,Traditional
  • Direction Faces: South
  • Roof: Shake,Composition
General Information
  • Fencing: Fenced Back,Partial Fencing
  • Horse: No
  • Pool Private: 0
  • Sewer: Sewer - Public
  • Utilities: Public Utilities

Neighborhood

Community

95010 (Capitola) Demographics
44
Median Age
5,426
Population Density (per sq. mile)
51%
College Educated
$81,095
Estimated Median Income
1,993
Estimated Total Home Owners
2,140
Estimated Total Renters
48% / 52%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

Elementary Schools
Middle Schools
4
Public
New Brighton Middle
  • Grades: 6 - 8 /
  • Enrollment: 710
High Schools
School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

Monthly Cost

$
$ %
%
$
$
* Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information.

Market Data

Based on the last 30 days in this zip code

$2,281,499
Median Sales Price
$1,431
Median Price per Square Foot
0
Properties Sold
11
New on Market
37
Average Days on Market
20
Properties for Sale
Calculations provided by Reliance Network

History

Date Event Value Agent
3/1/2024Source: bridgeMLS Added to Database
March 01, 2024
Jennifer Cosgrove
Listing Agent
2/29/2024Source: CRMLS Added to Database
February 29, 2024
Jennifer Cosgrove
Listing Agent
2/29/2024Source: MLSListings Added to Database
February 29, 2024
Jennifer Cosgrove
Listing Agent
2/29/2024Source: bridgeMLS Added to Database
February 29, 2024
Jennifer Cosgrove
Listing Agent
2/29/2024Source: CRMLS Added to Database
February 29, 2024
Jennifer Cosgrove
Listing Agent
2/29/2024Source: MLSListings Added to Database
February 29, 2024
Jennifer Cosgrove
Listing Agent