3040 Gibraltar Road, Santa Barbara, CA 93105

$3,500,000
6
BD
6
BA
5,296
SqFt
Sold Price
$3,500,000
List Price
$3,280,000
Closing Date
Mar 08, 2024
Type
Single Family Residential
Property Sub Type
Single Family Residence
Status
CLOSED
MLS Number
SR23001289
Structural Style
Other
Bedrooms
6
Bathrooms
6
Baths Half
1
Sqft Total
5,296
Sub Area
Santa Barbara (VC81)
Neighborhood
Santa Barbara: Other (80)
Year Built
2022

Property Description

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.

Additional Information

View
City Lights, Coastline, Harbor, Mountain(s), Ocean
Lot Size Acres
2.98
Lot Size Sq Ft
129,808
Water Source
See Remarks
Sewer
Unknown
Basement Type
Unfinished
Heating
None
School District
Other
Parking Total Searchable
4

Listing courtesy of Listing Agent: Melinda Bonini (melindabonini1@gmail.com) from Listing Office: Coldwell Banker Exclusive.

Selling Office: Allison James Estates & Homes.

Mortgage Calculator

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Calculator source: Real Geeks

Based on information from California Regional Multiple Listing Service, Inc. as of . 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, 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.