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 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.
Property Details
Property Features
Property Information:
Architectural Style: Cottage, Traditional
Year Built: 1956
Stories: 2
Living Area: 4,838 SqFt
Listing Office:
Office Name: Intero Real Estate Services
Office Phone: (408) 357-5700
Listing Agent: Jennifer Cosgrove
Interior Features
Bedroom and Bathroom Information:
Full Bathrooms: 9
Total Bedroom Count: 9
Exterior Features
Exterior Information:
View: Bay, Ocean
Parking Information:
Garage Space: 4 spaces
Attached Garage: No
Virtual/3D Tour
Virtual Tour: 723 El Salto Dr
Virtual Tour
Lot Features
Lot Information:
Lot: Level
Lot Size: 0.83 Acres
Utilities
Utilities Information:
Heating: Wall Furnace
Cooling: None
Other
Directions Information:
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
Price Information
Listing Price Info
Price Summary:
List Price: $6,098,000
Price Per SqFt: $1,260/SqFt
Tax Information:
Annual Amount: $40,321
Tax Year: 2021
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Housing Market Comparison
See how this home compares to others in Capitola, CA.
This property is $5.0M more than the Median Sold Price and $423/SqFt more than other homes in Capitola, CA.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: CRMLS
MLS Number: #ML81955751
Listing Office:
Office Name: Intero Real Estate Services
Office Phone: (408) 357-5700
Listing Agent: Jennifer Cosgrove
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 11/17/2024, 3:20:58 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Tax History
YEAR
PROP. TAX
ASSESSMENT
2021
$40,321
$3,249,950
2020
$39,410
$3,175,261
2019
$37,616
$3,093,393
2018
$37,617
$3,032,739
2017
$37,084
$2,973,272
History based on county public records data.
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
6
/10
Soquel Elementary School
2700 Porter St
Distance between this listing and this school1.01 miles
Public District Grades KG-5
7
/10
Main Street Elementary School
3400 N Main St
Distance between this listing and this school1.31 miles
Public District Grades KG-5
6
/10
Mar Vista Elementary
6860 Soquel Dr
Distance between this listing and this school1.53 miles
Public District Grades KG-6
Nearby Schools
6
/10
New Brighton Middle School
250 Washburn Ave
Distance between this listing and this school0.29 miles
Public District Grades 6-8
5
/10
Tierra Pacifica Charter
986 Bostwick Ln
Distance between this listing and this school2.08 miles
Public Charter Grades KG-8
5
/10
Ocean Alternative Education Center
984 Bostwick Ln Ste 6
Distance between this listing and this school2.36 miles
Public District Grades KG-8
Nearby Schools
5
/10
Delta Charter
6500 Soquel Dr Bldg 1190
Distance between this listing and this school1.23 miles
Public Charter Grades 9-12
7
/10
Soquel High School
401 Old San Jose Rd
Distance between this listing and this school1.38 miles
Public District Grades 9-12
7
/10
Harbor High School
300 La Fonda Ave
Distance between this listing and this school2.78 miles
The neighbors living near this home have an average income of $66,500. Most Capitola, CA residents have annual incomes between $35k-100k. Typical family type is single, no kids. Residents of this area typically have post secondary degree education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 723 El Salto Dr
What is the listing price of this property?
The listing price of 723 El Salto Dr property is $6,098,000.
What type of property is this?
The property 723 El Salto Dr is a house located in Capitola, California, 95010.
Is this property for sale now?
Active Listing: 723 El Salto Dr is For Sale (Active/New) which means the seller is accepting offers.
What is the annual property tax for this property?
According to the records, the last property tax for 2021 is $40,321 (source: MLS/based on county public records data).
How many bedrooms and bathrooms does this property have?
The property at 723 El Salto Dr has 9 bedrooms and 9 bathrooms.
What is the square footage of this property?
The property 723 El Salto Dr is 4,838 SqFt (source: MLS/tax record).
Which year was this property built?
The year of construction for 723 El Salto Dr is 1956.
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This home is located at 723 El Salto Dr in Capitola, CA and zip code 95010. This 4,838 square foot home, which was built in 1956, sits on a 0.83 acre lot. Features: 9 bedrooms, 9 bathrooms. It has been listed on Rocket Homes since March 14, 2024 and is currently priced at $6,098,000.
Over 3 listings were sold over their listed price in October 2024 in Capitola, CA. In the same period over 9 listings were sold below the listed price and 3 listings were sold for the listed price. Between September 2024 and October 2024, Capitola, CA real estate market has seen increase in the number of listings by 2.8%. In October 2024 median list price was $1,050,000 and the average listing age was 31 days.
From Rocket Homes Real Estate and based on county public records data.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. 
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