208 Terrace Way

Capitola, CA 95010

$2,749,000
Price
—
Beds
—
Baths
3,155 Sq. Ft.
$871 / Sq. Ft.
3,155
Sq. Ft.
$871
per Sq. Ft.
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Description

Located in the heart of Capitola Village by the Sea, this rare 5-unit Cape Cod style apartment property offers a highly desirable coastal living experience in an area dominated by vacation rentals and single-family homes. The property features ocean views and an unbeatable walkable location just steps to shops and restaurants and a short stroll to the beach creating a true year-round resort lifestyle. The flexible layout allows for multiple use strategies: an owner could occupy the two upper units...Located in the heart of Capitola Village by the Sea, this rare 5-unit Cape Cod style apartment property offers a highly desirable coastal living experience in an area dominated by vacation rentals and single-family homes. The property features ocean views and an unbeatable walkable location just steps to shops and restaurants and a short stroll to the beach creating a true year-round resort lifestyle. The flexible layout allows for multiple use strategies: an owner could occupy the two upper units as a private residence with ocean views while generating income from the three ground-floor units, or lease all five units for maximum cash flow. The property has been well maintained, with interiors renovated in 2019, and is offered fully furnished for immediate occupancy or rental. Opportunities like this are infrequent in Capitola Village, where demand remains strong and vacancy is minimal.
  1. Listed by Erik Barbic • DRE #01736370 • Brokerage DRE #00529069 • Sherman & Boone Realtors • 831-464-5039

Property Details for 208 Terrace Way

MLS City Name
CAPITOLA
Building Type
Other
Garage Spaces
0
Parking Spaces
0
View
Bay, Ocean
LISTING UPDATED: 06/02/2026 01:20 PM

Property Details for 208 Terrace Way

StatusActive
MLS #ML82049484
Days on Compass6
Taxes$30,000 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family 5+
MLS Type5+ Units / Five or More Units
Year Built1947
Lot Size0.10 AC / 4,182 SF
CountySanta Cruz County
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Location

Listing Courtesy of Sherman & Boone Realtors, Erik Barbic, DRE #01736370
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Building Information for 208 Terrace Way

Stories-Residences-Year Built1947Building Size-Lot Size0.10 AC / 4,182 SF

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$16,199 per month

30 year fixed, 6.36% Interest

Principal and Interest

$13,699

Property Taxes

$2,500

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 208 Terrace Way

Features
Features
  • Communications: Other
  • Fireplace: No
  • Living SqFt: 3155
  • Pool: No
  • Security Features: Other
  • Special Features: Other
Utilities
  • Cooling: None
  • Heating: Wall Furnace
  • Meters: Master Electric, Master Gas, Master Water
  • Sewer Septic: Sewer - Public
  • Utilities: Public Utilities
  • Water: Public
Carport and Parking
  • Carport Min: 0
Garage
  • Garage and Parking: On Street
Property Details
Homeowners Association
  • HOA Exists: 0
  • HOA Fee: $0
Property Details
  • Min Num Of Units in Complex: 5
  • Area Text: Capitola
  • Restrictions: None
  • Roof: Composition
  • Subclass: Five or More Units
  • Year Built Source: Assessor
  • Street Number: 208
  • Street Name: Terrace
  • Street Suffix: Way
  • Area ID: 44
Lot / Property Details
Building Information
  • Number of Buildings: 1
  • Structure SqFt: 3155
  • Structure SqFt Source: Assessor
  • Age: 79
Development Information
  • Zoning Detail: RM
Location Information
  • City Limits: Yes
  • Incorporated: No
  • Parcel Number: 035-163-28-000
  • County Name: Santa Cruz
  • City Name: CAPITOLA
  • City Postal ID: 8
  • Postal Code: 95010
  • Elementary School: 874
  • Elementary School District: 870
  • Middle School Text: New Brighton Middle
  • High School District Text: Santa Cruz City High
  • High School Text: Soquel High
Lot Information
  • Foundation: Concrete Slab
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Minimum Units: Square Feet
  • Lot Size Source: Assessor
Multi Family Information
Building Information
  • No Of Leased: 5
General Information
  • Annual Tax Amount: $30,000
  • Capitalization Rate: -1.31
  • Tenant Expenses: None
  • Income Includes: None
  • Vacancy Factor: 1
Income / Expense Details
  • Expense Insurance: $6,000
  • Expense Landscape: $1
  • Expense Maintenance: $1
  • Expense Management: $1
  • Expense Trash: $1
  • Expenses Other: $1
  • Expenses Utility: $1
  • Expenses Total: $36,006
  • Operating Expenses Include: Other
  • Gross Rent Multiplier: 1374500.00
  • Income Annual Gross: $1
  • Income Annual Rental: $1
  • Income Gross Scheduled: $1
  • Income Other: $1
Unit 1 Information
  • Unit 1 Full Bathrooms: 1
  • Unit 1 Number of Bedrooms: 1
Unit Type 1
  • Unit Type1 Approx SqFt: 600

Property History for 208 Terrace Way

DateEvent & SourcePriceAppreciation
Jun 2, 2026

Listed (Active)

EBRD #ML82049484

$2,749,000—
Jun 2, 2026

Listed (Active)

MLSListings #ML82049484

$2,749,000—
Mar 17, 2017

Sold

EBRD #ML81634474

$1,720,000—
DateEvent & SourcePrice
06/02/2026

Listed (Active)

EBRD #ML82049484

$2,749,000
06/02/2026

Listed (Active)

MLSListings #ML82049484

$2,749,000
03/17/2017

Sold

EBRD #ML81634474

$1,720,000

For completeness, we often displays two records for one sale: the MLS record and the public record.

Schools near 208 Terrace Way

This home is within Soquel Union Elementary School District.
Rating
School
Type
Grades
Distance
Main Street Elementary School
Public - K to 5
New Brighton Middle School
Public - 6 to 8
Mission Hill Middle School
Public - 6 to 8
Harbor High School
Public - 9 to 12
Rating
School
Distance
Main Street Elementary School
PublicK to 5

New Brighton Middle School
Public6 to 8

Mission Hill Middle School
Public6 to 8

Harbor High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 208 Terrace Way, Capitola, CA 95010

208 Terrace Way is for sale in Capitola, CA 95010. This property was listed for sale on June 2, 2026 by Sherman & Boone Realtors, it's currently listed at $2,749,000. It has been on the market for a total of 6 days and was last sold on March 17, 2017. This listing's school districts are Soquel Union Elementary School District, Santa Cruz City High School District. Nearby schools include Main Street Elementary School, New Brighton Middle School and Mission Hill Middle School. 208 Terrace Way is a 0-bed, 0-bath, 3,155 sqft built in 1947.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Sherman & Boone Realtors, Erik Barbic, DRE #01736370

Based on information from one of the following Multiple Listing Services: San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.