723 El Salto Drive

Capitola, CA 95010

$7,998,000
Price
9
Beds
9
Baths
4,838 Sq. Ft.
$1,653 / Sq. Ft.
4,838
Sq. Ft.
$1,653
per Sq. Ft.

Description

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...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.

Property Details for 723 El Salto Drive

MLS City Name
CAPITOLA
Building Type
Detached
Style
Cottage, Traditional
Garage Spaces
4
Parking Spaces
6
View
Bay, Ocean, Water Front
Cross Street
Livermore

Location

Listing Courtesy of Intero Real Estate Services, Jennifer Cosgrove, DRE #01334273
Add your commute
LISTING UPDATED: 03/20/2024 10:27 PM

Property Details for 723 El Salto Drive

StatusActive
MLS #ML81955751
Days on Compass58
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeSingle Family
MLS TypeSingle-Family Homes / Detached
Year Built1956
Lot Size0.83 AC / 36,068 SF
CountySanta Cruz County

Location

Listing Courtesy of Intero Real Estate Services, Jennifer Cosgrove, DRE #01334273
Add your commute

Virtual Tour

Building Information for 723 El Salto Drive

Stories2Year Built1956Building Size-Lot Size0.83 AC / 36,068 SF

Payment Calculator

$47,164 per month

30 year fixed, 7.25% Interest

Principal and Interest

$43,648

Property Taxes

$3,516

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 723 El Salto Drive

Features
External Links
Room Information
  • Bedrooms: 9.0
  • Dining Room: No Formal Dining Room
  • Family Room: No Family Room
  • Number of Full Bathrooms: 9
  • Number of Half Bathrooms: 0
Features
  • Fireplace: No
  • Living SqFt: 4838
  • Pool: No
Utilities
  • Cooling: None
  • Heating: Wall Furnace
  • Sewer Septic: Sewer - Public
  • Utilities: Public Utilities
  • Water: Public
Carport and Parking
  • Carport Min: 0
Garage
  • Garage and Parking: Detached Garage, Parking Area, Room for Oversized Vehicle
  • Garage Max: 4
  • Garage Min: 4
Property Details
Homeowners Association
  • HOA Exists: 0
  • HOA Fee: 0
Property Details
  • Area Text: Capitola
  • Property Faces: South
  • Roof: Shake, Composition
  • Stories: Two Story
  • Subclass: Single Family Home
  • TIC Agreement: No
  • Year Built Source: Other
  • Street Number: 723
  • Street Name: El Salto
  • Street Suffix: Drive
  • Area ID: 44
Second Unit Information
  • Second Unit Description: 1 bed cottage
Lot / Property Details
Building Information
  • Number Of Stories: 2
  • Structure SqFt: 4838
  • Structure SqFt Source: Other
  • Age: 68
Development Information
  • Zoning Detail: R-1 and VS
Location Information
  • City Limits: Yes
  • Directions: take Escalona Drive to Sacramento Ave, turn right, then left at El Salto. It's the last property on the right :)
  • Incorporated: Yes
  • Parcel Number: 036-143-35-000
  • County Name: Santa Cruz
  • City Name: CAPITOLA
  • City Postal ID: 8
  • Postal Code: 95010
  • Elementary School District: 870
  • Middle School Text: New Brighton Middle
  • High School District Text: Santa Cruz City High
  • High School Text: Santa Cruz City High
Lot Information
  • Current Rent: $0
  • Fencing: Fenced Back, Partial Fencing
  • Foundation: Crawl Space
  • Horse Property: No
  • Lot Acres: .83
  • Lot Description: Grade - Level, Possible Lot Split, Views
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Minimum Units: Square Feet
  • Lot Size Source: Assessor

Property History for 723 El Salto Drive

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 723 El Salto Drive

Taxable ValueLand$2,563,315Additions$850,328Total$3,413,643
Tax Record2023$42,190 ($3,516 / month)
Home Facts
Baths2Total Finished SqFt1,320 SqFtAbove Grade Finished SqFt1,320 SqFtLot Size36,068 SqFtStyleHotel / MotelYear Built2004CountySANTA CRUZAPN036-143-35

Schools near 723 El Salto Drive

This home is within Soquel Union Elementary School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 6 to 8
Public - 9 to 12
Rating
School
Distance
Main Street Elementary School
PublicK to 5

Mission Hill Middle School
Public6 to 8

New Brighton 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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723 El Salto Drive is a single family home for sale in Capitola, CA 95010. This property was listed for sale on February 29, 2024 by Intero Real Estate Services, it's currently listed at $7,998,000. This listing's school districts are Soquel Union Elementary School District, Santa Cruz City High School District. Nearby schools include Main Street Elementary School, Mission Hill Middle School and New Brighton Middle School. 723 El Salto Drive is a 9-bed, 9-bath, 4,838 sqft single family home built in 1956.

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 expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Intero Real Estate Services, Jennifer Cosgrove, DRE #01334273

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.