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17
Photos
723 El Salto Drive, Capitola, CA 95010
$7,998,000 Asking Price
$---/mo Est. Payment Get Prequalified »
9
beds
9
baths
4,838
sqft
Built in
1956
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 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 $6M+ 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.
Features & Amenities
Interior
- A/C:
- true, None
- Heating:
- true, Wall Furnace
Exterior
- Style:
- Cottage,Traditional
- Parking:
- Parking spaces: 6
Construction
- Roofing:
- Composition,Shake
- General:
- 2
Location
- Originating MLS:
- CRMLS
- School District:
- Other
- County:
- Santa Cruz
Lot
- Zoning:
- R-1 and VS, 03614335000
- View:
- Bay,Ocean, View
- Fencing:
- Partial
Utilities
- Water:
- Public
- Sewer:
- Public Sewer
Financial
- Source:
- CRMLS
This listing courtesy of:
Intero Real Estate Services, Jennifer Cosgrove
Monthly Payment
Disabled 10% or more?
Used a VA Loan before?
Eligible for BAH?
Do you have dependents?
Your BAH amount is for the military housing area.
Loan term (number of years)
Property taxes are generally around 1.2% of the home’s value, but may vary based on location.
Annual homeowners insurance is typically 0.35% of the home’s value but can vary based on insurer.
$---
Est. Payment *
- Principal & Interest $--
- Taxes $--
- Insurance $--
- VA Funding Fee $--
$--- Est. Payment - $--- BAH = $--- Remaining
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About Capitola, CA
Housing
- Number of Units
- 5,381
- Median Home Value
- $790,628
- Median Rent
- $1,839
48.37% of housing units are renter occupied.
15.56% are vacant.
Commute
- Car
-
55.29%
- Public Transportation
-
0.30%
- Walk to Work
-
2.45%
- Work from Home
-
40.27%
- Other
-
0.98%
The median travel time to work is 14 minutes.
People
- Population
- 9,884
- Median Age
- 44.40
- Median Household Size
- 2.48
Education
- High School
-
13.82%
- Associate’s Degree
-
9.46%
- Bachelor’s Degree
-
26.28%
- Graduate Degree
-
16.36%
Disclaimer: Community and Demographic information uses data from the U.S. Census Bureau but is not endorsed or certified by the Census Bureau.
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