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Monarch Cove Inn 620 El Salto Dr 11 Room Bed and Breakfast Capitola, CA 95010 $19,161,576 CAD ($1,741,961 CAD/Room)



INVESTMENT HIGHLIGHTS
- Coastal Front
- Gated
- End of Street
EXECUTIVE SUMMARY
Perched on the coastal bluff of the historic Depot Hill sets the Monarch Cove Inn where one may enjoy the vibrant city of Capitola. This lovely estate overlooks Monterey Bay w/panoramic ocean views & a feeling of sound therapy from ocean waves splashing against our coastline. Although an active B&B this is an opportunity to create a multi-family investment, wellness center, spa, VRBO, residential compound or other creative destination spots. This beautiful property is surrounded by multiple floral & sculpture gardens offering peaceful meditation while meandering through the lush trails adjacent to one of Californias rare Monarch Butterfly habitats. Zoning of the 3 parcels has use for residential or Vs. Amongst the multiple structures is the main Victorian house apprx 4,000 sqft, close by is a guest house following the carriage house and cottage. There is garage space for 8 cars, w/multiple on-site visitor parking. The Holiday House has a utility rm, office, kitchen and meeting space. The 3 parcels combined have apprx 1.5 acres of ocean front land. The collective structures have a total of 14 bedrooms & 12 baths and is gated for privacy. Let your imagination run wild with possibilities and create your' most magical place on earth. Disclosure Link: Perched on the coastal bluff of the historic Depot Hill sets the Monarch Cove Inn where one may enjoy the vibrant city of Capitola. This lovely estate overlooks Monterey Bay w/panoramic ocean views & a feeling of sound therapy from ocean waves splashing against our coastline. Although an active B&B this is an opportunity to create a multi-family investment, wellness center, spa, VRBO, residential compound or other creative destination spots. This beautiful property is surrounded by multiple floral & sculpture gardens offering peaceful meditation while meandering through the lush trails adjacent to one of Californias rare Monarch Butterfly habitats. Zoning of the 3 parcels has use for residential or Vs. Amongst the multiple structures is the main Victorian house apprx 4,000 sqft, close by is a guest house following the carriage house and cottage. There is garage space for 8 cars, w/multiple on-site visitor parking. The Holiday House has a utility rm, office, kitchen and meeting space. The 3 parcels combined have apprx 1.5 acres of ocean front land. The collective structures have a total of 14 bedrooms & 12 baths and is gated for privacy. Let your imagination run wild with possibilities and create your' most magical place on earth. Perched on the coastal bluff of the historic Depot Hill sets the Monarch Cove Inn where one may enjoy the vibrant city of Capitola. This lovely estate overlooks Monterey Bay w/panoramic ocean views & a feeling of sound therapy from ocean waves splashing against our coastline. Although an active B&B this is an opportunity to create a multi-family investment, wellness center, spa, VRBO, residential compound or other creative destination spots. This beautiful property is surrounded by multiple floral & sculpture gardens offering peaceful meditation while meandering through the lush trails adjacent to one of Californias rare Monarch Butterfly habitats. Zoning of the 3 parcels has use for residential or Vs. Amongst the multiple structures is the main Victorian house apprx 4,000 sqft, close by is a guest house following the carriage house and cottage. There is garage space for 8 cars, w/multiple on-site visitor parking. The Holiday House has a utility rm, office, kitchen and meeting space. The 3 parcels combined have apprx 1.5 acres of ocean front land. The collective structures have a total of 14 bedrooms & 12 baths and is gated for privacy. Let your imagination run wild with possibilities and create your' most magical place on earth.
PROPERTY FACTS
| Price | $19,161,576 CAD | Lot Size | 1.43 AC |
| Price Per Room | $1,741,961 CAD | Building Size | 4,000 SF |
| Sale Type | Investment | No. Rooms | 11 |
| Sale Condition | 1031 Exchange | No. Stories | 2 |
| Property Type | Hospitality | Year Built | 1920 |
| Property Subtype | Bed and Breakfast | Parking Ratio | 4/1,000 SF |
| Building Class | B | Corridor | Interior |
| Zoning | VS - Visitor Service & Residential (3 parcels) | ||
| Price | $19,161,576 CAD |
| Price Per Room | $1,741,961 CAD |
| Sale Type | Investment |
| Sale Condition | 1031 Exchange |
| Property Type | Hospitality |
| Property Subtype | Bed and Breakfast |
| Building Class | B |
| Lot Size | 1.43 AC |
| Building Size | 4,000 SF |
| No. Rooms | 11 |
| No. Stories | 2 |
| Year Built | 1920 |
| Parking Ratio | 4/1,000 SF |
| Corridor | Interior |
| Zoning | VS - Visitor Service & Residential (3 parcels) |
AMENITIES
- Controlled Access
- Meeting Event Space
- Wedding Venue
- Public Access Wifi
- Smoke-Free
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Suite | 2 | $451.27 CAD | - |
| Guest Room | 9 | $299.92 CAD | - |
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $292,411 CAD | |
| Land Assessment | $182,964 CAD | Total Assessment | $475,375 CAD |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$182,964 CAD
Improvements Assessment
$292,411 CAD
Total Assessment
$475,375 CAD
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Monarch Cove Inn | 620 El Salto Dr
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