
Capitola, California 95010
This Creekfront Residential Asset is a High-Potential Investment Opportunity, listed at $1,808,000—positioned well above the $1,523,114 Fair Market Value by 18%. While the property commands a premium for its Direct Soquel Creek Access and Walkable Village Lifestyle, the Condition Rating of 4 indicates significant Dated Infrastructure requiring modernization. The flexible Two-Level Layout with a kitchenette offers excellent potential for multi-generational living or rental income. This property is best suited for Value-Add Investors or Owner-Occupants seeking a unique waterfront renovation project.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 525 Riverview Drive Subject | $1,808,000* List Price | 3 | 2 | 837 | $1,820 | - |
A 4755 Topaz Street Sold | $1,300,000 | 1 | 1 | 816 | $1,593 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1950, the home is significantly dated with kitchens and bathrooms exceeding 20 years in age. While cosmetic updates like newer laminate flooring and fresh paint make it livable, the overall structure and systems require modernization to meet current standards.
The property features direct frontage on Soquel Creek, allowing owners to launch a paddleboard or kayak from their own shore directly toward Capitola Beach.
Ideally located within walking distance to Capitola Village and Gayle's Bakery, offering a highly desirable 'park-the-car' lifestyle near boutiques and dining.
The floor plan includes a lower level with a separate bedroom, full bath, and kitchenette, providing excellent potential for guest quarters or multi-generational living.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 2.
Priced at over $1.8M for only 837 square feet of living space, the property commands a significant premium that is heavily weighted toward the land and location rather than the structure.
Built in 1950 and described as having room to 'shape into something your own,' the home likely requires substantial modernization or remodeling to meet contemporary luxury standards.
Creekfront Living in Riverview Terrace; Direct Access to Soquel Creek Launch from the shore of your own stretch of Soquel Creek and paddle past Capitola Village toward the beach. Houses can be remodeled, but a setting like this can't be recreated. Set above the water, the rear deck spans the width of the home and gives you a front-row seat to the creek below. Mornings bring coffee and ducks along the bank, afternoons the shade of the redwood, evenings the quiet of the water. The village is close enough to enjoy on a whim, far enough that what you hear is nature instead of traffic. The home sits across two levels, comfortable as it is, with room to shape into something your own. Upstairs has ample bedrooms, the bath features a tub perfect for soaking after a day outside, and the living room has a treehouse feel overlooking the creek. The lower level offers a bedroom, full bath, and kitchenette. Capitola Village is moments away; Gayle's Bakery for morning coffee, the boutiques, and dinner along the Esplanade. Santa Cruz is minutes up the coast, with Highway 1 close at hand for commuting or weekend escapes. This is a place where the car often stays parked for days. Coffee in the village, a paddle down the creek, an afternoon at the beach, dinner by the water, and home again.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 2.5 |
| Baths | 2.0 | 2.0 |
| Square foot | 837 | 1,556.5 |
| Lot Size | 4,879 | 6,120 |
| Price | $1.81M | $1.70M |
| Price per sq ft | $2.2K | $1.3K |
| Built year | 1950 | 1969 |
| HOA | $0 | $0 |
| Days on market | 2 | 32 |
Jul 21, 2026
$1,808,000
Initial Listing