723 El Salto Dr Capitola, CA 95010
Property details
About 723 El Salto Dr
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.
Highlights
Virtual tour
Summary
- MLS Number: ML81990913
- MLS Name: CRMLS
- 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: 1/30/2025, 9:20:52 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$5,200,000
723 El Salto Dr
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Price information
Property sales
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Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $3,481,916 | $43,166 |
| 2023 | $3,413,643 | $42,189 |
| 2022 | $3,346,709 | $41,675 |
| 2021 | $3,249,950 | $40,321 |
| 2020 | $3,175,261 | $39,410 |
| 2019 | $3,093,393 | $37,616 |
| 2018 | $3,032,739 | $37,616 |
| 2017 | $2,973,272 | $37,083 |
History based on county public records data.
Nearby schools
6
Soquel Elementary School
Public District KG-5
1.0 mi
•2700 Porter St
7
Main Street Elementary School
Public District KG-5
1.3 mi
•3400 N Main St
6
Mar Vista Elementary
Public District KG-6
1.5 mi
•6860 Soquel Dr
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $66,500. Residents of Capitola, CA typically earn between $35k-100k each year. Typical family type is single, no kids. Most residents in this area have post secondary degree education.
How much money do the neighbors make?
What level of education do the neighbors have?
What types of families live nearby?
Are the neighbors home owners or renters?
How old are people in this area?
What do the neighbors do for fun?
Symphony or Opera
Hiking/backpacking
Yoga/pilates
Where do the neighbors shop?
Chico's
Nordstrom Rack
H&M
Where do the neighbors go to eat?
Boston Market
Chipotle
Dominos Pizza
What do the neighbors drive?
Volvo
Mazda
Audi
What do the neighbors listen to?
Talk/Personality
Rock
Alternative
Frequently asked questions
About 723 El Salto Dr
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 January 18, 2025 and is currently priced at $5,200,000.
In December 2024 more than 0 listings in Capitola, CA were sold above the asking price. During the same period more than 0 listings were sold at asking price, while more than 2 were sold below. Between November and December 2024, Capitola, CA real estate market has seen decrease in the number of listings by 12.5%. While the average time on the market in December 2024 was 69 days, the median list price was $1,205,000.