$10,800,000

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 approx 4,000 sqft. Close by is 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.