NOT LISTED FOR SALE

723 El Salto Dr Capitola, CA 95010

Estimated Value: $4,963,768

9 Beds
9 Baths
4,838 Sq Ft
$1,026/Sq Ft Est. Value

Sale Details

Date Sold: May 15, 2025

Last sale price $5,100,000 $1,054 Per Sq Ft

Est. 3% decrease in value since last sale

Current estimated payment $30,355 / mo

345 Days on Market

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 2025

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.

Last Agent to Sell the Property

Jennifer Cosgrove

Intero Real Estate Services License #01334273 Listed on: 02/29/2024

Intero Real Estate Services

Last Buyer's Agent

Joe William Callero

USA Realty and Loans License #01384858

USA Realty and Loans

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

Property Details

Property Type

Other

Year Built

Built in 1956

Lot Details

0.83 Acres

Parking

4

Listing Details

  • Style: Cottage, Traditional
  • Listing Class: Residential
  • Second Res Apx Sq Ft: 495
  • Structure Sq Ft: 4838
  • Incorporated: Yes
  • Year Built: 1956
  • Zoning Description: R-1 and VS
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Family Room: No Family Room
  • Dining Room: No Formal Dining Room
  • Living Sq Ft: 4838
  • Stories: 2
  • Full Bathrooms: 9
  • Total Bedrooms: 9

Exterior Features

  • Foundation: Crawl Space
  • Roof: Shake, Composition
  • View: Bay, Ocean, Water Front
  • Fencing: Fenced Back, Partial Fencing

Garage/Parking

  • Garage Spaces: 4
  • Parking Spaces: 6
  • Garage Parking Features: Detached Garage, Parking Area, Room for Oversized Vehicle

Utilities

  • Heating System: Wall Furnace
  • Sewer/Septic System: Sewer - Public

Schools

  • High School: 877

Lot Info

  • Lot Description: Grade - Level, Possible Lot Split, Views
  • Parcel Number: 036-143-35-000
  • Lot Acres: 0.8280
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 36068.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 36068.00

Multi Family

  • Utilities: Public Utilities
  • Second Unit Description: 1 bed cottage

MLS Schools

  • High School District Text: Santa Cruz City High
  • High School Text: Soquel High
  • Middle School Text: New Brighton Middle

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
$4,963,768

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$136,232
Avg. Annual Appreciation
-2.43%

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

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Interest Rate
6.78%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Oct 25, 1994
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$235,000
Interest Rate
8.92%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Jan 31, 1994
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$221,000
Interest Rate
7.1%
Mortgage Type
Seller Take Back
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

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

Mortgage 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 Status Borrower Loan Amount
Previous Owner $500,000
Previous Owner $235,000
Previous Owner $221,000
Closed $40,000
Closed $25,000
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

    57 Total Sales

    Jennifer Cosgrove
    Section Image

  • J

    Buyer's Agent in 2025

    Joe William Callero

    USA Realty and Loans

    (831) 278-2772

    2 Total Sales

    Joe William Callero
    Section Image
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Map

Source: MLSListings

MLS Number: ML81990913

MLSListings

APN: 036-143-35-000

California Santa Cruz County Capitola 95010

723 El Salto Dr, Capitola, CA

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