539 Riverview Drive, Capitola, California 95010, Capitola, 95010 - 2 bed, 2 bath
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539 Riverview Drive
Capitola, California 95010
ACTIVE
CONDITION: GOOD
2Beds
2Baths
1,024Sq Ft
4,269Lot Size
Property Price
LIST PRICE$2,199,000
EST. MARKET VALUE
$2,057,391
6% AboveMARKET VALUE
SUMMARY
This Riverfront Residential Asset is a High-Potential Investment Opportunity, listed at $2,199,000—positioned above the $2,057,392 Fair Market Value. While the price reflects a premium for its 98 feet of creek frontage and Condition Rating of 3, the property offers significant versatility through its dual-level design and speakeasy-style wine cellar. With modern interior renovations and direct access to the Capitola lagoon, this home serves as a unique coastal retreat. It is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a premium lifestyle property.
Estimated Market Value
$2,057,391
Based on Realkey algorithm analyzing recent comparable sales in Capitola.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 539 Riverview Drive Subject | $2,199,000* List Price | 2 | 2 | 1,024 | $2,009 | - |
A 604 Oak Drive Sold | $1,650,000 | 2 | 1 | 1,031 | $1,600 | 0.1 mi |
B 318 Park Avenue Sold | $1,700,000 | 3 | 2 | 712 | $2,388 | 0.4 mi |
C 420 Pilgrim Drive Active | $2,200,000 List Price | 2 | 2 | 1,193 | $1,844 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
Although built in 1959, the property has undergone significant modern renovations. The interior features updated flooring, recessed lighting, and a modernized kitchen with white shaker cabinets and stainless steel appliances. The extensive decking and riverfront terraces appear well-maintained and functional, making it move-in ready.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Riverfront Access
Boasting 98 feet of direct frontage on the Soquel River, this property offers rare, private access for paddleboarding and kayaking directly to the Capitola lagoon and beach.
- Income & Versatility Potential
The dual-level design features independent living spaces on each floor, including a lower-level kitchenette and separate laundry, making it ideal for a rental, guest suite, or multi-generational use.
- Exceptional Outdoor Entertaining
The property features a unique speakeasy-style wine cellar and multiple riverfront terraces, providing a sophisticated and expansive outdoor lifestyle that maximizes the coastal environment.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 2, other record bedroom count = 1.
- High Price per Square Foot
Listed at over $2,100 per square foot, the property commands a significant premium that may challenge buyers looking for more interior value relative to the investment.
- Compact Living Area
With only 1,024 square feet of living space and two bedrooms, the interior footprint is relatively small, which may limit its appeal to larger families or those needing more indoor utility.
About 539 Riverview Drive
Capitola living at its finest!! Cruise down the Soquel River on your paddle board, kayak or barge to the lagoon and beach from this riverfront home. This thoughtfully designed 2 level home offers opportunities for fulltime living, a second home or income potential. The upper-level features tranquil river views, 1 bedroom 1 bath, laundry, deck with beautiful views of the large backyard and garage access, while the lower level has its own 1BR, deck, bath, laundry, kitchenette and access to multiple spectacular riverfront terraces. A signature feature is the small riverside room with deck above, repurposed into a speakeasy-style lounge/wine cellar, and furnished terraces suitable for entertaining all your friends. Offering 98 feet of creek frontage with easy access to water provides plenty of opportunities for fun! With potential for future expansion (buyer to verify), this property offers versatility as a primary residence, coastal second home or investment opportunity in one of Capitola's most sought-after locations.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1959
- Lot Size
- 4,269 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.7 |
| Baths | 2.0 | 2.4 |
| Square foot | 1,024 | 1,666.857 |
| Lot Size | 4,269 | 5,196 |
| Price | $2.20M | $1.72M |
| Price per sq ft | $2.1K | $1.2K |
| Built year | 1959 | 1968 |
| HOA | $0 | $0 |
| Days on market | 7 | 35 |
Pricing History
Listed for Sale
Sep 2, 2026
$2,199,000
Initial Listing
Sold
Nov 6, 2020
$780,000
Public Record