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723 El Salto Dr, Capitola, CA 95010
$7,998,000
723 El Salto Dr, Capitola, CA 95010View this property at 723 El Salto Dr, Capitola, CA 95010
723 El Salto DrCapitolaCA95010
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Property 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 & breakfast, it's a rare find in a prestigious area, with potential for minor land division. 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.
Full Property Details
Full Property Details for 723 El Salto Dr
General
- Price: $7,998,000
- Status: Active
- Type: Development
- MLS ID: ML81955924
- Updated: 3/21/2024
- Added to Site: 60 day(s) ago
Additional Information
- Extras: Not Applicable
Location
- Area: Capitola
- County: Santa Cruz
- Cross Streets: Livermore
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: Public Utilities
Lot Features
- Property View: Bay, Ocean
- Lot Size (Acres): 0.828
- Minimum Lot Size: 36068
- Lot Size (Sq. Ft.): 36,068
- Development Status: Lot Split Possible, Minor Subdivision (2-4 Parcels), Other (Call Listing Agent)
- Present Use: Multifamily, Residential, Single Family
- Zoning: R-1 and VS
- Lot Description: Level, Possible Lot Split, Views
- Fencing (Description): Fenced Back, Partial Fencing
Listed by Intero Real Estate Services, Jennifer Cosgrove
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Schools
Schools serving 723 El Salto Dr
School Districts:Soquel Union Elementary, Santa Cruz City High School District
Rating | Name | Grades | Distance |
---|---|---|---|
3400 N Main St, Soquel, CA 95073 | PK-5 | 1.3 mi | |
250 Washburn Ave, Capitola, CA 95010 | 6-8 | 0.3 mi | |
425 King St, Santa Cruz, CA 95060 | 6-8 | 5.1 mi | |
401 Old San Jose Rd, Soquel, CA 95073 | 9-12 | 1.4 mi | |
300 La Fonda Ave, Santa Cruz, CA 95062 | 9-12 | 2.8 mi | |
415 Walnut Ave, Santa Cruz, CA 95060 | 9-12 | 4.9 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 723 El Salto Dr
Date
Details
Price
Change
Source
3/01/2024
Listed
$7,998,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 723 El Salto Dr
Year
Property Taxes
Change
Tax Assessment
Change
2023
$42,190
1%
$3,413,643
2%
2022
$41,676
3%
$3,346,709
3%
2021
$40,321
2%
$3,249,950
2%
2020
$39,410
3%
$3,175,261
3%
2019
$38,264
2%
$3,093,393
2%
2018
$37,617
1%
$3,032,739
2%
2017
$37,084
6%
$2,973,272
2%
2016
$34,987
2%
$2,914,973
2%
2015
$34,435
2%
$2,871,188
2%
2014
$33,781
—
$2,814,945
—
2013
$33,819
—
$2,802,223
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 723 El Salto Dr
723 El Salto Dr, Capitola, CA 95010 (MLS# ML81955924) is a Development property with a lot size of 0.8280 acres. 723 El Salto Dr is currently listed for $7,998,000 and was received on March 01, 2024. Want to learn more about 723 El Salto Dr? Do you have questions about finding other Development real estate for sale in Capitola? You can browse all Capitola real estate or contact a Coldwell Banker agent to request more information.