Home | Santa Cruz County | Capitola | 95010 | 723 El Salto Dr
MLS: ML81990913 | Status: Sold | Price: $5,100,000
Beds/Baths: 9 / 9
Property Type: Residential
| Beds | Baths | Sq Ft | Acres Lot | Yr Built |
|---|---|---|---|---|
| 9 | 9 | 4,838 | 0.828 | 1956 |
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.
| Field | Value |
|---|---|
| MLS # | ML81990913 |
| MLS Source | MLSListings, Inc. |
| Feature | Details |
|---|---|
| Dining Room | No Formal Dining Room |
| Family Room | No Family Room |
| Cooling | None |
| Heating | Wall Furnace |
| Feature | Details |
|---|---|
| Roof | Composition, Shake |
| Foundation | Crawl Space |
| Style | Cottage, Traditional |
| Feature | Details |
|---|---|
| Garage/Parking | Detached, Parking Area, Room for Oversized Vehicle, Garage: 4 Car(s) |
| Elementary District | Soquel Union Elementary |
| High School District | Santa Cruz City High |
| Sewer | Public Sewer |
| Water | Public |
| Zoning | R-1 and VS |
Jennifer Cosgrove
Intero Real Estate Services
License #: 01334273
Phone: (408) 930-8425
School data provided by GreatSchools.org
| School | Type | Grades | Distance | Rating |
|---|---|---|---|---|
| New Brighton Middle School | public | 6-8 | 0.31 mi | 6 |
| Soquel Elementary School | public | K-5 | 1.00 mi | 5 |
| Main Street Elementary School | public | K-5 | 1.26 mi | 7 |
| Soquel High School | public | 9-12 | 1.42 mi | 9 |
| Mar Vista Elementary School | public | K-6 | 1.55 mi | 6 |
| Live Oak Elementary School | public | K-5 | 2.04 mi | 4 |
| Del Mar Elementary School | public | K-5 | 2.33 mi | 4 |
| Special Education Preschool | public | UG | 2.36 mi | N/A |
| Ocean Alternative Education Center | public | K-8 | 2.36 mi | 7 |
| Shoreline Middle School | public | 6-8 | 2.39 mi | 6 |
| Green Acres Elementary School | public | K-5 | 2.44 mi | 5 |
| Santa Cruz Gardens Elementary School | public | K-5 | 2.65 mi | 7 |
| Harbor High School | public | 9-12 | 2.76 mi | 7 |
| Valencia Elementary School | public | K-6 | 2.79 mi | 7 |
| Santa Cruz Adult | public | UG | 2.96 mi | N/A |
| De Laveaga Elementary School | public | K-5 | 3.05 mi | 8 |
| Aptos Junior High School | public | 7-8 | 3.35 mi | 4 |
| Mountain Elementary School | public | K-6 | 3.51 mi | 9 |
| Gault Elementary School | public | K-5 | 3.52 mi | 5 |
| Branciforte Middle School | public | 6-8 | 3.63 mi | 9 |
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This listing information is up-to-date as of January 30, 2026. For the most current information, please contact Jennifer Cosgrove, (408) 930-8425.