723 El Salto DR, Capitola, CA 95010 - MLS#ML81955924 - Brad Gill

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$6,098,000

Est. payment - /mo

0.83 Acres Lot

Active

723 El Salto DR Capitola, CA 95010

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Brad Gill

brad@nexthomelifestyles.com +1(408) 320-0505

UPDATED:

12/04/2024 05:57 PM

Key Details

Property Type Vacant Land

Sub Type Residential Development Land

Listing Status Active

Purchase Type For Sale

MLS Listing ID ML81955924

Lot Size 0.828 Acres

Property Description

This exceptional bluff-front property enhanced with a Carmel Style 4-car garage built in 2019 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 and the development of 2 luxury homes w/ADU's or 4 condos with a house as 2 ideas. 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 in progress) and the construction of condos or new homes with ADUs.

Location

State CA

County Santa Cruz

Area Capitola

Zoning R-1 and VS

Exterior

Fence Fenced Back, Partial Fencing

Utilities Available Public Utilities

View Bay, Ocean

Present Use Multi-Family,Residential,Single Family

Building

Lot Description Grade - Level, Possible Lot Split, Views

Sewer Sewer - Public

Water Public

Others

Tax ID 036-143-35-000

Horse Property No

Special Listing Condition Not Applicable

Listed by Jennifer Cosgrove • Intero Real Estate Services

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Brad Gill

REALTOR® / Broker | License ID: 01385310

+1(408) 320-0505

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723 El Salto DR Capitola, CA 95010

Brad Gill

Key Details

Location

Exterior

Building

Others

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723 El Salto DR