
Capitola, California 95010
This Riverfront Residential Asset is a Strong Value Opportunity, listed at $2,199,000—positioned above the $2,058,464 Fair Market Value. While priced at a premium, the property features a Condition Rating of 3 with modern renovations and unique Speakeasy-style lounge amenities. The dual-level layout provides significant flexibility for multi-generational living or rental income. With 98 feet of Soquel River frontage and expansive terraced decks, this home offers a rare coastal lifestyle. It is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a premium, turnkey riverfront retreat.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 539 Riverview Drive Subject 2 bd · 2 ba · 1,024 sqft · $2,131 | $2,199,000* List Price | 2 | 2 | 1,024 | $2,131 | - |
A 420 Pilgrim Drive Active 2 bd · 2 ba · 1,193 sqft · $1,676 · 0.3 mi | $1,999,000 List Price | 2 | 2 | 1,193 | $1,676 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Although originally built in 1959, the home has been well-maintained and clearly updated with a modern aesthetic. The interior features recent renovations including updated laminate flooring, recessed lighting, a skylight, and a modernized kitchen with white shaker cabinets and stainless steel appliances. The extensive multi-level outdoor decking and terraced riverfront areas are functional and move-in ready.
Boasting 98 feet of direct frontage on the Soquel River, this property offers unparalleled access for paddleboarding and kayaking directly to the Capitola lagoon and beach.
The home features independent living spaces on each floor, including a lower level with a kitchenette and separate access, making it ideal for multi-generational living or rental income potential.
A signature speakeasy-style lounge/wine cellar and multiple furnished riverfront terraces provide an exceptional outdoor lifestyle and entertaining space rarely found in this market.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 2, other record bedroom count = 1.
At a list price of $2,199,000 for just 1,024 square feet, the property commands a significant premium exceeding $2,100 per square foot, which may limit the buyer pool.
The 1959 construction offers a relatively small footprint for a two-bedroom home, which may necessitate additional investment for expansion to meet modern spatial expectations.
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.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.9 |
| Baths | 2.0 | 2.3 |
| Square foot | 1,024 | 1,692.556 |
| Lot Size | 4,269 | 4,927 |
| Price | $2.20M | $1.74M |
| Price per sq ft | $2.1K | $1.1K |
| Built year | 1959 | 1965 |
| HOA | $0 | $0 |
| Days on market | 53 | 35 |
Sep 2, 2026
$2,199,000
Initial Listing
Nov 6, 2020
$780,000
Public Record