CA > Capitola
Capitola, CA 95010,723 El Salto DR
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Capitola, CA 95010,723 El Salto DR
Capitola, CA 95010,723 El Salto DR
Capitola, CA 95010,723 El Salto DR
Capitola, CA 95010,723 El Salto DR
James Studnicka Jr.
James Studnicka Jr.

Agent | License ID: 01467393

+1(310) 994-6034

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$ 5,100,000

$ 5,200,000 1.9%

Est. payment /mo
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Sold on 05/15/2025

723 El Salto DR Capitola, CA 95010

9 Beds

9 Baths

4,838 SqFt

UPDATED:

Key Details

Sold Price $5,100,000

Property Type Single Family Home

Listing Status Sold

Purchase Type For Sale

Square Footage 4,838 sqft

Price per Sqft $1,054

MLS Listing ID ML81990913

Sold Date 05/15/25

Bedrooms 9

Full Baths 9

HOA Y/N No

Year Built 1956

Lot Size 0.828 Acres

Property Description

This exceptional bluff-front property enhanced with a newer 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.

Location

State CA

County Santa Cruz

Area 699 - Not Defined

Zoning R-1 and VS

Interior

Heating Wall Furnace

Cooling None

Fireplace No

Exterior

Garage Spaces 4.0

Garage Description 4.0

Fence Partial

View Y/N Yes

View Bay, Ocean

Roof Type Composition,Shake

Attached Garage No

Total Parking Spaces 6

Building

Lot Description Level

Story 2

Sewer Public Sewer

Water Public

Architectural Style Cottage, Traditional

New Construction No

Schools

Middle Schools Other

High Schools Soquel

School District Other

Others

Tax ID 03614335000

Financing Cash

Special Listing Condition Standard

California Regional MLS (CRMLS)
Listed by Jennifer Cosgrove • Intero Real Estate Services
Bought with Joe William Callero • USA Realty and Loans
agent

James Studnicka Jr.

Agent | License ID: 01467393

+1(310) 994-6034

GET MORE INFORMATION

Name
Phone*
Message
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723 El Salto DR