Pending

3040 Gibraltar Road

Santa Barbara CA, 93105

$3,280,000


$619.34 per sqft

Pending

6 Beds

6 Baths

5,296 sqft

Residential

Built in 2022

Listed by Melinda Bonini with Coldwell Banker Exclusive 818-360-3430

REO Foreclosure Builder Investor Fix and Flip with income property potential. Live in or Rent out Guest House while finishing Construction. Incomplete new construction builder states approximately 80% completed. Main Estate house 4 BR 4.5 BA 4078 Sq ft. + 400 sq ft. Observation deck, according to the plans. Guest House built in 1982, 1BR and Loft and 2 BA 1151 Sq ft, with a laundry room according to the plans and is move in ready. Each has 4+ car parking. One of the highest homes in the hills with STUNNING OCEAN VIEWS OF SANTA BARBARA, THE COASTLINE, HARBOR AND CITY LIGHTS, CHANNEL ISLANDS, etc. This is a once in a lifetime opportunity for the right buyer. The Builder ran out of money during Covid restrictions and could not complete the buildout. Bring your builder or we have a builder who would love to complete the buildout. We have cost breakdowns and estimates available. Main house has 2 car garage to be finished in the construction.

SR23001289

MLS ID

June 1, 2022

Listed

November 21, 2023

Updated

Map

3040 Gibraltar Road
Santa Barbara CA, 93105

Interior Features

Bedrooms

6 Beds


Bathrooms

6 Baths


Interior Features

Unfurnished


Laundry Description

None


Floor Description

See Remarks


Fireplace

Yes


Fireplace Description

None


Cooling

Yes


Cooling Description

None


Heating

Yes


Heating Description

None

Exterior/Building Features

Lot Size

2.98 acres


Exterior Features

See Remarks


Lot Features

Lot Over 40000 Sqft


Architectual Style

Other


Roof

See Remarks


Sewer

Unknown

School Information

High School

Other

Other Property Details

Area Name

VC81 - Santa Barbara


Days on Market

314


Association Amenities

Mountainous


Garage

Yes


Garage Spaces

4


Parking

See Remarks


Parking Total

4


View

Yes


View Description

City Lights, Coastline, Harbor, Mountain(s), Ocean


County

Santa Barbara


Water Source

See Remarks


Pool

No


Pool Features

None


Zoning

40-E-1


Buyer Agency Compensation

2.5%

Listing History

Date

Event

Price

11/20/2023

Pending

11/16/2023

Under Contract

10/27/2023

Price Change

$3,280,000

-7%

7/27/2023

Active

7/22/2023

Under Contract

7/14/2023

Active

7/14/2023

Price Change

$3,500,000

59%

7/14/2023

Under Contract

6/30/2023

Pending

6/21/2023

Under Contract

4/21/2023

Pending

Listing Contact: 818-360-3430 

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 11/21/2023. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

©2023 California Regional Multiple Listing Service (CRMLS) all rights reserved.

Data last updated on 11/21/2023 at 2:31 AM UTC

 

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