
Capitola, California 95010
This High-Potential Investment Opportunity is listed at $1,775,000, positioned well below the $1,780,402 Fair Market Value by 0.3%. Featuring a Prime Creekfront Location with direct access to Soquel Creek, the property offers a unique Flexible Multi-Level Layout ideal for multi-generational living. With a Condition Rating of 4, the home requires modernization, providing significant upside for value-add renovations. This asset is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking to customize a rare waterfront property in Capitola.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 525 Riverview Drive Subject | $1,775,000* List Price | 3 | 2 | 1,300 | $1,370 | - |
A 1480 49th Avenue Sold | $1,799,000 | 3 | 2 | 1,477 | $1,218 | 0.3 mi |
B 105 Wesley Street Sold | $1,649,000 | 3 | 2 | 1,472 | $1,120 | 0.7 mi |
C 315 Mccormick Avenue Sold | $1,725,000 | 3 | 2 | 1,577 | $1,094 | 0.3 mi |
D 609 Oak Drive Sold | $1,385,000 | 2 | 1 | 900 | $1,539 | 0.1 mi |
E 4755 Topaz Street Sold | $1,300,000 | 1 | 1 | 816 | $1,593 | 0.4 mi |
F 709 Gilroy Drive Active | $1,850,000 List Price | 3 | 2 | 1,500 | $1,233 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1950, the home is functional but significantly dated. The kitchen features older tile countertops and cabinetry likely from a 20-30 year old renovation, and the secondary kitchenette is in poor condition. While the property has newer laminate flooring and paint, it requires substantial updates to the kitchens, baths, and likely older systems to meet modern standards.
The property features direct access to Soquel Creek, allowing for private paddling to Capitola Village and the beach, offering a rare and irreplaceable lifestyle setting.
The two-level floor plan includes a lower level with a bedroom, full bath, and kitchenette, providing excellent potential for a guest suite, rental income, or multi-generational living.
A wide rear deck spans the home, offering a front-row seat to nature and the creek, perfectly blending the 'treehouse' feel of the living room with the serene outdoor environment.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1300, other record living area = 837. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 2.
Built in 1950 and described as having 'room to shape,' the home likely requires significant modernization or remodeling to meet contemporary luxury standards.
With only 1,300 square feet of living space, the property may feel compact for the price point, potentially limiting its appeal to buyers seeking larger indoor footprints.
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. Coffee in the village, a paddle down the creek, an afternoon at the beach, dinner by the water, and home again. Buyer to verify square footage.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 2.7 |
| Baths | 2.0 | 2.4 |
| Square foot | 1,300 | 1,666.857 |
| Lot Size | 4,879 | 5,196 |
| Price | $1.77M | $1.72M |
| Price per sq ft | $1.4K | $1.2K |
| Built year | 1950 | 1968 |
| HOA | $0 | $0 |
| Days on market | 50 | 35 |
Aug 13, 2026
$1,775,000
$1,808,000
-2% Price Drop
Initial Listing
Jul 21, 2026
$1,808,000
Initial Listing