Thank you
Jennifer Cosgrove
Intero Real Estate Services
408-357-5700
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 and breakfast, it's a rare find in a prestigious area, with potential for minor land division and the development of 2 (or 3!) luxury homes with ADU's. 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. Consider the adjacent property at 106 Livermore, listed at $7.9M for a smaller house and lot, highlighting the exceptional value and potential of this development after the proposed lot split and new homes with ADU's are built.
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Total Bedrooms : 9
Total Baths: 9
Full Baths: 9
Half Baths: 0
Water Source : Public
Sewer : Public Sewer
Roof : Composition,Shake
None
Air Conditioning
Wall Furnace
Has Heating
Has Fireplace: 0
Year Built: 1956
Roof: Composition,Shake
Partial
Lot Dimensions Source: Vendor Enhanced
Lot Size Acres: 0.828
Lot Size Source: Assessor
Lot Size Square Feet: 36068
Original List Price: 7,998,000
Listing Contract Date: 2024-02-29
Listing Agreement: Exclusive Right To Sell
Parcel Number: 03614335000
Lease Term: Negotiable
Source Listing Status: Active
Source Neighborhood: 699 - Not Defined
Directions: take Escalona Drive to Sacramento Ave, turn right, then left at El Salto. It's the last property on the right :) Cross Street: Livermore
Zoning: R-1 and VS
Source Property Type: Residential
Area: 699 - Not Defined
Property SubType: Single Family Residence
Property Age: 68
Common Walls: No Common Walls
Structure Type: Single Family Residence
Year Built Source: Other
Total Square Feet Living: 4838
Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
---|---|---|---|---|---|
Residential, Capitola, CA,95010 | $1,395,000 | 4 | 2 | 1,487 | 2352 Sqft |
4425 Clares, Capitola, CA,95010 | $370,000 | 2 | 2 | 1,040 | -- |
750 47th Avenue, Capitola, CA,95010 | $160,000 | 1 | 1 | 544 | -- |
4425 Clares, Capitola, CA,95010 | $365,000 | 2 | 1 | 800 | -- |
4191 Pearson Court, Capitola, CA,95010 | $1,485,000 | 3 | 2 | 1,668 | 3703 Sqft |
1355 Ruby Court #1, Capitola, CA,95010 | $711,000 | 2 | 1 | 800 | -- |
723 El Salto Drive, Capitola, CA,95010 | $7,998,000 | -- | -- | -- | 36068 Sqft |
106 Livermore Avenue, Capitola, CA,95010 | $6,595,000 | 4 | 4 | 3,580 | 13199 Sqft |
4930 Cliff Drive, Capitola, CA,95010 | $4,699,000 | 3 | 2 | 1,288 | 3311 Sqft |
707 Sunset Drive, Capitola, CA,95010 | $1,425,000 | 2 | 2 | 1,148 | 3354 Sqft |
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ByOwner last updated this listing 05/06/2024 @ 16:42
MLS: ML81955751
LISTED BY: Jennifer Cosgrove, Intero Real Estate Services
SOURCE: CRMLS
Buyer Agency Compensation: 2.5%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.