There are dream homes and then there are dreamy homes.  This gated oceanfront estate nestled in Santa Cruz County’s charming Capitola manages to be both in equal measure.

The real estate fantasy starts with the approach — ceremonious yet welcoming park-like grounds envelope you in coastal revelry. By the time you finally reach the European-influenced 3,145 square-foot residence and catch a glimpse of its pitched roof, flower box and shutters you’ve already been transported to another time and place. Listing agent Bryan MacKenzie describes it as the “Crown Jewel of Depot Hill.”

“It’s a truly glorious setting,” MacKenzie tells us. “At over 1.25 acres, it’s the largest oceanfront parcel in Capitola. It’s unlike anything you’ve ever experienced in Capitola, or Santa Cruz County for that matter!”

Front (4)

Venture up the meandering paved steps and you’ll see exactly what MacKenzie means. Enter the residence and discover gorgeous, open light-filled formal spaces: an elegantly appointed living room with fireplace overlooking the ocean, dining room, kitchen and a large media room for entertaining.

Living (2)

Kitchen (1)

There are four total bedrooms and three and a half baths, including a beautiful master suite oriented towards the ocean with a fireplace, sitting area and spacious bath with his- and her- sinks. An additional bed and bath can also be found in the charming, stone-lined guest cottage. An elevator provides access to all three levels of the home.

Master

Bedroom (3)

“There are multiple ocean front patios for dining, lounging and entertaining,” reveals MacKenzie. “And, there’s an expansive ocean front lawn — also ideal for entertaining.”

Back (3)

Back (4)

Situated just a stone’s throw away from Capitola Village and Beach — with its superb shopping, restaurants and community events — and within walking distance of the beautiful New Brighton State Beach (for relaxing sunset strolls and bonfires), this jewel of a home represents a rare opportunity in the Santa Cruz area for $4,995,000.