Outstanding location and extremely rare offering. Build your dream homes or investment rentals. Recently surveyed and the properties potential has been investigated with a local land use planner. Over 15k lot! Highest and best use is to subdivide into a two lots of a minimum of 5000sf each. Many possible options: 1) Renovate the Main House and build a New Home with ADU on a new lot after MLD. 2) Build multiple residential . Lot is zoned RM which will allow a duplex and maybe more. Current Home is on a local list for potential historical site for Capitola. Its not on any state site. Any desire to remove the home would require an application for removal with the city and be evaluated by an architectual historian. Property next door at 233 Monterey is a 1/1 with 460 sf of interior space and approx.1800sf lot is for sale separately and may need to be purchased together with 229 Monterey.