Know someone buying a home?
Don’t let your Veteran and military friends miss out on the opportunity to discover this home!
24
Photos
723 El Salto Drive, Capitola, CA 95010
$6,998,000 Asking Price
$---/mo Est. Payment Get Prequalified »
9
beds
9
baths
4,838
sqft
Built in
1956
This exceptional bluff-front property enhanced with a new 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 $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 and the development of 2 luxury homes w/ADU's or 4 condos with a house 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 and the construction of condos or new homes with ADUs.
Features & Amenities
Interior
- A/C:
- true, None
- Heating:
- true, Wall Furnace
Exterior
- Style:
- Cottage,Traditional
- Parking:
- Parking spaces: 6
Construction
- Roofing:
- Composition,Shake
- General:
- 2
Location
- Originating MLS:
- CRMLS
- School District:
- Other
- County:
- Santa Cruz
Lot
- Zoning:
- R-1 and VS, 03614335000
- View:
- Bay,Ocean, View
- Fencing:
- Partial
Utilities
- Water:
- Public
- Sewer:
- Public Sewer
Financial
- Source:
- CRMLS
This listing courtesy of:
Intero Real Estate Services, Jennifer Cosgrove
Monthly Payment
Disabled 10% or more?
Used a VA Loan before?
Eligible for BAH?
Do you have dependents?
Your BAH amount is for the military housing area.
Loan term (number of years)
Property taxes are generally around 1.2% of the home’s value, but may vary based on location.
Annual homeowners insurance is typically 0.35% of the home’s value but can vary based on insurer.
$---
Est. Payment *
- Principal & Interest $--
- Taxes $--
- Insurance $--
- VA Funding Fee $--
$--- Est. Payment - $--- BAH = $--- Remaining
Powered by
Ready to get started? Get prequalified »
About Capitola, CA
Housing
- Number of Units
- 5,381
- Median Home Value
- $790,628
- Median Rent
- $1,839
48.37% of housing units are renter occupied.
15.56% are vacant.
Commute
- Car
-
55.29%
- Public Transportation
-
0.30%
- Walk to Work
-
2.45%
- Work from Home
-
40.27%
- Other
-
0.98%
The median travel time to work is 14 minutes.
People
- Population
- 9,884
- Median Age
- 44.40
- Median Household Size
- 2.48
Education
- High School
-
13.82%
- Associate’s Degree
-
9.46%
- Bachelor’s Degree
-
26.28%
- Graduate Degree
-
16.36%
Disclaimer: Community and Demographic information uses data from the U.S. Census Bureau but is not endorsed or certified by the Census Bureau.
Interested in this home?
Request more information:
