New Listing 204 Terrace Way: Capitola beach cottage ambience on a buildable lot! Realize the potential of this parcel for a new coastal home with panoramic Monterey Bay views. Not many Capitola properties come on the market with this much potential its in the heart of this vibrant beachside community, but high enough on the hill to offer big ocean views. P.S. Dont miss the nearby secret pathway to the lower village and beach! Also available is 202 Terrace Way.