Terrace Way
Capitola, CA 95010
1 Bed
1 Bath
3,155 sqft
1 Bed
1 Bath
3,155 sqft
Local Information
- Map ViewExplore the area around Terrace Way.
- Schools1 Elementary School1 Middle School
- Shop & Eat
-- mins to
Description
Located in the heart of Capitola Village by the Sea, this rare 5-unit Cape Cod style apartment property offers a highly desirable coastal living experience in an area dominated by vacation rentals and single-family homes. The property features ocean views and an unbeatable walkable location just steps to shops and restaurants and a short stroll to the beach creating a true year-round resort lifestyle.
The flexible layout allows for multiple use strategies: an owner could occupy the two upper units as a private residence with ocean views while generating income from the three ground-floor units, or lease all five units for maximum cash flow. The property has been well maintained, with interiors renovated in 2019, and is offered fully furnished for immediate occupancy or rental.
Opportunities like this are infrequent in Capitola Village, where demand remains strong and vacancy is minimal.
The flexible layout allows for multiple use strategies: an owner could occupy the two upper units as a private residence with ocean views while generating income from the three ground-floor units, or lease all five units for maximum cash flow. The property has been well maintained, with interiors renovated in 2019, and is offered fully furnished for immediate occupancy or rental.
Opportunities like this are infrequent in Capitola Village, where demand remains strong and vacancy is minimal.
Home Highlights
Parking
Carport
Outdoor
No Info
A/C
Heating only
HOA
None
Price/Sqft
$871
Listed
43 days ago
Home Details for Terrace Way
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Beds & Baths Number of Bedrooms: 1Number of Bathrooms: 1 |
Dimensions and Layout Living Area: 3155 Square Feet |
Appliances & Utilities Utilities: Public Utilities, Water PublicTelephone: Other |
Heating & Cooling Heating: Wall FurnaceNo CoolingAir Conditioning: NoneHeating Fuel: Wall Furnace |
Gas & Electric Gas: PublicUtilities |
Windows, Doors, Floors & Walls Door: Other |
Levels, Entrance, & Accessibility Accessibility: Other |
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Exterior Home Features Roof: CompositionFoundation: Slab |
Parking & Garage Has a CarportNo GarageParking: On Street |
Water & Sewer Sewer: Public Sewer |
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Days on Market: 43 |
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Year Built Year Built: 1947 |
Property Type / Style Property Type: Residential IncomeProperty Subtype: Five Or More Units, Residential Income |
Property Information Included in Sale: NoneParcel Number: 03516328000 |
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Price List Price: $2,749,000Price Per Sqft: $871 |
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Direction & Address City: Capitola |
School Information Elementary School: SoquelElementaryElementary School District: SoquelUnionElementaryJr High / Middle School: NewBrightonMiddleHigh School: SoquelHighHigh School District: SantaCruzCityHigh |
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Listing Agent Listing ID: ML82049484 |
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Building Area Building Area: 3155 |
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Units in Building: 5 |
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Lot Area: 4182 sqft |
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Special Conditions: Standard |
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Listing Agreement Type: ExclusiveAgency |
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Mls Number: ML82049484 |
Last check for updates: about 17 hours ago
Listing courtesy of Erik Barbic 01736370, (831) 464-5039
Sherman & Boone Realtors, (831) 464-5050
Source: MLSListings Inc, MLS#ML82049484
Also Listed on MLSListings Inc.
Market trends in Capitola
Last updated June 2026
Avg. sale price
—
Sale-to-List Price
—
Price per sq ft
—
Available listings
29
2MoM
Price History for Terrace Way
| Date | Price | Event | Source |
|---|---|---|---|
| 06/02/2026 | $2,749,000 | Listed For Sale | MLSListings Inc #ML82049484 |
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Comparable Sales for Terrace Way
Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
|---|---|---|---|---|---|---|---|
0.29 | Multi-Family Home | $1,800,000 | 02/27/26 | 1 | 5 | 3,345 | |
0.25 | Multi-Family Home | $1,550,000 | 04/20/26 | 4 | 2 | 2,370 | |
0.22 | Multi-Family Home | $1,565,000 | 12/12/25 | 4 | 3 | 2,000 | |
0.07 | Multi-Family Home | $2,100,000 | 11/05/25 | 4 | 2 | 1,666 | |
0.32 | Multi-Family Home | $1,825,000 | 03/25/26 | 9 | 4 | 3,223 | |
0.42 | Multi-Family Home | $1,501,000 | 10/27/25 | 4 | 2 | 1,146 | |
0.74 | Multi-Family Home | $1,175,000 | 09/15/25 | 3 | 2 | 1,767 | |
0.77 | Multi-Family Home | $1,640,000 | 06/12/26 | 4 | 2 | 1,516 | |
1.08 | Multi-Family Home | $1,210,000 | 12/29/25 | 4 | 2 | 1,696 |
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Assigned Schools
These are the assigned schools for Terrace Way.
- Main Street Elementary School
- K-5
- Public
- 383 Students
7/10GreatSchools RatingParent Rating AverageI attended the Back to School Night for my granddaughter's school. The teachers and classrooms were welcoming and had classwork on display. The principal came by and introduced himself. The presentation was organized and included needed information. There was a brief period of time for questions.Other Review1y ago - New Brighton Middle School
- 6-8
- Public
- 585 Students
7/10GreatSchools RatingParent Rating AverageMy daughter attended 6th grade before pulling her out. The school has killed any inspiration for learning she once had. The leadership is downright incompetent as we and other families we know have had zero support/accountability on issues ranging from bullying, drug solicitation in the bathrooms, antisemitism, students with needs not getting their entitled benefits, overall poor academics... I know my daughter didn't feel safe going there after an incident she had...in addition to a bomb scare that cancelled the first day of school. There was also a legit firearm threat that was fortunately neutralized by police before anything happened, but the campus format is completely unsecure. From all accounts, there apparently are a few teachers there who are competent and inspirational, but my daughter didn't experience any of them. Zero stars for the administration. After dealing with them, a strong vote of "no confidence." If you are a voter reading this, it's time to oust Turnbull and get a real staff. They have completely failed the community.Parent Review1y ago 
Check out schools near Terrace Way.
What Locals Say about Capitola
At least 66 Trulia users voted on each feature.
92 % Say it's dog friendly
92 % Say it's walkable to restaurants
88 % Say it's walkable to grocery stores
70 % Say there are sidewalks
69 % Say there's holiday spirit
67 % Say car is needed
67 % Say people would walk alone at night
64 % Say yards are well-kept
63 % Say streets are well-lit
61 % Say neighbors are friendly
58 % Say kids play outside
56 % Say it's quiet
54 % Say parking is easy
53 % Say they plan to stay for at least 5 years
50 % Say there's wildlife
26 % Say there are community events
Sourced by Trulia users. Learn more about our methodology.
LGBTQ Local Legal Protections
LGBTQ Local Legal Protections
Erik Barbic, Sherman & Boone Realtors, (831) 464-5050
Agent Phone: (831) 464-5039
Based on information from the MLSListings MLS as of 2026-07-15 06:39:22 PDT. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Terrace Way, Capitola, CA 95010 is a 1 bedroom, 1 bathroom, 3,155 sqft multi-family built in 1947. This property is currently available for sale and was listed by MLSListings Inc on Jun 2, 2026. The MLS # for this home is MLS# ML82049484.