Paul Burrowes
David Lyng Real Estate
(831) 480-0660
44 Total Sales
2 in Capitola
$421K - $450K Price Range
723 El Salto Dr Capitola, CA 95010
Capitola AreaEstimated Value: $5,265,152
9
Beds
9
Baths
4,838
Sq Ft
$1,088/Sq Ft
Est. Value
Highlights
- Ocean View
- 0.83 Acre Lot
- 4 Car Detached Garage
- Main Street Elementary School Rated A-
- Traditional Architecture
- Dining Room
About This Home
As of May 2025This 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 Agent to Sell the Property
Intero Real Estate Services License #01334273 Listed on: 02/29/2024
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Property Details
Property Type
- Other
Year Built
- Built in 1956
Lot Details
- 36,068 Sq Ft Lot
- Back Yard Fenced
- Level Lot
- May Be Possible The Lot Can Be Split Into 2+ Parcels
- Zoning described as R-1 and VS
Parking
- 4 Car Detached Garage
Property Views
- Ocean
- Bay
Home Design
- Traditional Architecture
- Cottage
- Shake Roof
- Composition Roof
Interior Spaces
- 4,838 Sq Ft Home
- 2-Story Property
- Dining Room
- Crawl Space
Bedrooms and Bathrooms
- 9 Bedrooms
- 9 Full Bathrooms
Additional Features
- 495 SF Accessory Dwelling Unit
- Wall Furnace
Community Details
Listing and Financial Details
- Assessor Parcel Number 036-143-35-000
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Feb 29, 2024
Closed on
Apr 28, 2025
Sold by
Bought by
Seller's Agent
Jennifer Cosgrove
Intero Real Estate Services
Buyer's Agent
Joe William Callero
USA Realty and Loans
List Price
$7,998,000
Sold Price
$5,100,000
Premium/Discount to List
-$2,898,000
-36.23%
Views
42
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$165,152
Avg. Annual Appreciation
2.65%
Purchase Details
Closed on
Aug 31, 2022
Sold by
Bought by
Purchase Details
Closed on
Mar 12, 2021
Sold by
Bought by
Purchase Details
Closed on
Jun 16, 2004
Sold by
Bought by
Purchase Details
Closed on
Feb 24, 1999
Sold by
Bought by
Purchase Details
Closed on
Oct 25, 1994
Sold by
Bought by
Purchase Details
Closed on
Jan 31, 1994
Sold by
Bought by
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Capitola, CA
-
Paul Burrowes
-
Tim Proschold
Tim Proschold
Luxuriant Realty
(650) 753-7481
28 Total Sales
1 in Capitola
$765,000 Price
-
Bonafede Team
Bonafede Team
Responds QuicklyCompass
(669) 266-0177
261 Total Sales
1 in Capitola
$1,025,000 Price
-
Kim Richman
Kim Richman
Compass
(669) 230-0411
79 Total Sales
1 in Capitola
$3,058,888 Price
-
Geneva Lawless
Geneva Lawless
David Lyng Real Estate
(831) 708-9272
86 Total Sales
3 in Capitola
$565K - $2.6M Price Range
-
Jeff Wickum
Jeff Wickum
Epique Realty
(831) 246-9727
29 Total Sales
2 in Capitola
$260K - $328K Price Range
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $5,100,000 | Equity Title | ||
| -- | Old Republic Title | ||
| -- | None Available | ||
| -- | -- | ||
| -- | Santa Cruz Title Company | ||
| $285,000 | First American Title Co | ||
| -- | Santa Cruz Title Company |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 05/15/2025 05/15/25 | Sold | $5,100,000 | -36.2% | $1,054 / Sq Ft |
| 02/08/2025 02/08/25 | Pending | -- | -- | -- |
| 02/29/2024 02/29/24 | For Sale | $7,998,000 | -- | $1,653 / Sq Ft |
Source: MLSListings
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $43,167 | $3,551,554 | $2,666,873 | $884,681 |
| 2023 | $42,190 | $3,413,643 | $2,563,315 | $850,328 |
| 2022 | $41,676 | $3,346,709 | $2,513,054 | $833,655 |
| 2021 | $40,321 | $3,249,950 | $2,463,778 | $786,172 |
| 2020 | $39,410 | $3,175,261 | $2,438,515 | $736,746 |
| 2019 | $38,264 | $3,093,393 | $2,390,701 | $702,692 |
| 2018 | $37,617 | $3,032,739 | $2,343,825 | $688,914 |
| 2017 | $37,084 | $2,973,272 | $2,297,867 | $675,405 |
| 2016 | $34,987 | $2,914,973 | $2,252,811 | $662,162 |
| 2015 | $34,435 | $2,871,188 | $2,218,972 | $652,216 |
| 2014 | $33,781 | $2,814,945 | $2,175,505 | $639,440 |
Source: Public Records
Agents Affiliated with this Home
-
Jennifer Cosgrove
Seller's Agent in 2025
Jennifer Cosgrove
Intero Real Estate Services
(408) 930-8425
58 Total Sales
-
Joe William Callero
J
Buyer's Agent in 2025
Joe William Callero
USA Realty and Loans
(831) 278-2772
2 Total Sales
Map
Source: MLSListings
MLS Number: ML81990913
APN: 036-143-35-000
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