723 El Salto Drive Capitola, CA 95010
Listing Courtesy of: MLSlistings Inc. / Los Gatos / Jennifer Cosgrove - Contact:  408-930-8425

  723 El Salto Drive Capitola, CA 95010

Active (56 Days)


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.

MLS #:
Lot Size
0.83 acres
Single-Family Home
Year Built
Traditional, Cottage
Bay, Ocean, Water Front
School District
Santa Cruz County

Listed By

Jennifer Cosgrove, DRE #01334273, Los Gatos, Contact: 408-930-8425
MLSlistings Inc.
Last checked Apr 25 2024 at 3:07 PM GMT+0000
Bathroom Details
  • Full Bathrooms: 9
Lot Information
  • Views
  • Possible Lot Split
  • Grade - Level
Property Features
  • Foundation: Crawl Space
Heating and Cooling
  • Wall Furnace
  • None
Exterior Features
  • Roof: Composition
  • Roof: Shake
Utility Information
  • Utilities: Public Utilities, Water - Public
  • Sewer: Sewer - Public
School Information
  • Middle School: New Brighton Middle
  • High School: Soquel High
  • Parking Area
  • Room for Oversized Vehicle
  • Detached Garage
  • 2
Living Area
  • 4,838 sqft
Additional Listing Info
  • Buyer Brokerage Commission: 2.50
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