723 El Salto Dr, Capitola CA 95010

723 El Salto Dr, Capitola CA 95010

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9beds
9baths
5,333sqft
36,068sf lot
Overview

This exceptional bluff front property enhanced with a new 4-car Carmel style garage in the esteemed Depot Hill neighborhood of Capitola is a unique investment opportunity. Depot Hill, celebrated for its breathtaking natural scenery and proximity to various local attractions, offers both prestige and tranquility.

The property features a 4,838 sq ft two-story fourplex and a delightful 500 sq ft one-bedroom cottage, both of which are currently leased to dependable tenants. This arrangement is already producing a significant income of approximately $25k/month, providing an immediate financial return.

Enhancing its appeal, this property is a buildable oceanfront lot, zoned as R-1 and VS (residential and visitor serving/hotel). This zoning is particularly rare in such an illustrious area. Additionally, the property holds great potential for a minor land division (currently in progress) & future development, inviting a range of exciting possibilities. (See 3D animated digital video for one of several development possibilities.)

The property's setting is exceptionally picturesque. It offers panoramic views of the Monterey Bay and a front-row seat to an array of marine life, including dolphins, sea otters, and whales. The opportunity to relish sunsets, stargazing, and the calming ocean sounds from your own backyard is truly extraordinary.

Its close proximity to the dynamic Village of Capitola further enhances this property's allure. Located just a short walk from pristine beaches, renowned surfing spots, fine dining, unique shopping, and vibrant music scenes, it promises a lifestyle that perfectly balances peaceful living with community vibrancy. Additionally, its popularity for low tide beach walks and convenient distance of only 26 miles from Silicon Valley significantly boosts its attractiveness in the Santa Cruz County real estate market.

In summary, this Depot Hill property represents much more than a mere real estate purchase. It is an opportunity to own a slice of paradise, combining stunning oceanfront views with immense development potential. This property stands as an exceptionally unique and appealing option for anyone looking to invest in a prime location.


723 El Salto Dr
Capitola, CA 95010

Presented By
Jennifer
Cosgrove
Intero
408.930.8425
DRE# 01334273
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regarding the 3D digital animation: Explore the future of oceanfront luxury with our 3D animation, envisioning the transformation of this exceptional Depot Hill property in Capitola. This video showcases a proposed development of two stunning luxury homes, each complemented by fully equipped Additional Dwelling Units (ADU), designed to maximize the breathtaking views of Monterey Bay and embrace the tranquil yet vibrant lifestyle of Santa Cruz County. Our animation brings to life the potential to transform this space into a prime residential enclave that respects the beauty of its coastal setting while offering modern luxuries and sustainable living. Each home is envisioned with sophisticated design elements, open living spaces, and private terraces that invite you to unwind in the presence of spectacular ocean vistas and marine life. This is more than just a development plan; it’s a glimpse into the future of coastal living. Imagine the possibilities of owning a part of this prestigious neighborhood, where every day feels like a vacation. Dive into our vision, and see how this property could evolve into an exceptional real estate gem.
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