723 El Salto Drive
Capitola, CA 95010
- 9 beds
- 9 baths
- 4,838 sqft
- ~3/4 acre lot
- $1,054 per sqft
- 1956 build
- – on site
More homes
This exceptional bluff-front property enhanced with a newer 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 approx $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 (in progress) and the development of 2 luxury homes w/ADU's or 4 condos with a house as just 2 possibilities. 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 (currently inprogress) and the construction of apartments, condos or new homes with ADUs.
Last checked:
As a licensed real estate brokerage, Estately has access to the same database professional Realtors use: the Multiple Listing Service (or MLS). That means we can display all the properties listed by other member brokerages of the local Association of Realtors—unless the seller has requested that the listing not be published or marketed online.
The MLS is widely considered to be the most authoritative, up-to-date, accurate, and complete source of real estate for-sale in the USA.
Estately updates this data as quickly as possible and shares as much information with our users as allowed by local rules. Estately can also email you updates when new homes come on the market that match your search, change price, or go under contract.
Checking…
•
Last updated May 17, 2025
•
MLS# ML81990913 —
The Building
-
Year Built:1956
-
Building Area Units:Square Feet
-
Architectural Style:Cottage
-
Roof:Shingle
-
Stories:2
-
Levels:Two Story
-
Basement:Crawl Space
-
Building Area Total:4838
Interior
-
Fireplace:false
Room Dimensions
-
Living Area:4838
-
Living Area Units:Square Feet
Location
-
Directions:take Escalona Drive to Sacramento Ave, turn right,
The Property
-
Property Type:Residential
-
Property Subtype:Single Family Residence
-
Parcel Number:03614335000
-
Zoning:R-1
-
Lot Features:Level
-
Lot Size Area:0.828
-
Lot Size Acres:0.828
-
Lot Size SqFt:36068
-
Lot Size Units:Acres
-
View:Bay
-
View:true
Listing Agent
- Contact info:
- Agent phone:
- (408) 930-8425
Beds
-
Bedrooms Total:9
Baths
-
Total Baths:9
-
Full Baths:9
The Listing
-
Listing Terms:Cash
Heating & Cooling
-
Heating:Wall Furnace
-
Heating:true
-
Cooling:None
-
Cooling:false
Utilities
-
Sewer:Public Sewer
-
Water Source:Public
Schools
-
High School District:Santa Cruz City High
The Community
-
Association:false
-
Pool Private:false
Parking
-
Garage:true
-
Attached Garage:false
-
Garage Spaces:4
-
Carport:false
-
Parking Features:Parking Lot
-
Covered Spaces:4
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Air Pollution Index
Provided by ClearlyEnergy
The air pollution index is calculated by county or urban area using the past three years data. The index ranks the county or urban area on a scale of 0 (best) - 100 (worst) across the United Sates.
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
5/15/25
May 15, 2025
|
Sold | BRIDGE | $5,100,000 | -1.9% |
|
2/9/25
Feb 9, 2025
|
Pending | BRIDGE | $5,200,000 | |
|
1/17/25
Jan 17, 2025
|
Listed / Active | BRIDGE | $5,200,000 |
