406 Ellwood Beach Drive, Goleta, CA 93117
Property
Sold July 2026
Listing Agent: Daniel Withers (DRE #01325901) · Listing Office: Matthews Real Estate Investment Services · Contact: 866-889-0550 · Bought with: Michael Lopus · Colliers International · MLS #26667697 · Source: CRMLS
How this sale compares
406 Ellwood Beach Drive sold for $3,235,000 in July 2026, 10% under its $3,600,000 list price, after 67 days on the market. That works out to $474 per square foot on 6,819 square feet. Across 22 closed sales in 93117 over the last 12 months, the median sold price is $975,000 and the median is $720 per square foot, 52% above this sale's $474.
| Quarter | Closed sales in 93117 | Median sold price |
|---|---|---|
| Q1 2026 | 1 | $900,000 |
| Q2 2026 | 11 | $1,725,000 |
| Q3 2026 | 9 | $299,950 |
| Q4 2026 | 1 | $1,925,000 |
Figures are MLS-reported closed sales (CRMLS); ZIP medians cover the last 12 months. Nalren does not estimate values. Recently sold in Goleta · Homes for sale in 93117
Description
-Prime Coastal Location: Located steps from Ellwood Beach in the highly sought-after Goleta submarket of Santa Barbara County, benefiting from strong renter demand driven by proximity to UCSB, Isla Vista spillover, and major South Coast employment centers. -Desirable Unit Mix: Two-bedroom layouts align with strong local demand from students, young professionals, and shared living arrangements common in the UCSB-adjacent rental market. -Clear Rental Upside: Current rents average $2,845 for two-bedroom/one-bath units and $3,031 for two-bedroom/two-bath units, while renovated units achieve $3,200 per month, demonstrating immediate mark-to-market potential. -Proven Renovation Strategy: Upgrades including new appliances, water heaters, interior paint, and modern finishes have been completed for approximately $40,000 per unit, establishing a repeatable value-add model. -Additional Income Stream: On-site laundry generates approximately $6,000 in annual ancillary income. -Favorable Regulatory Environment: Goleta follows California's AB 1482 rent cap (5% + CPI, max 10%) and has not implemented stricter local rent control, unlike nearby Santa Barbara, Oxnard, and Ojai. -Supply-Constrained Market: Limited new development along the Santa Barbara South Coast continues to support long-term rent growth for well-located coastal assets.
Listing description from the July 2026 sale, as reported to CRMLS.
Sale history
Recent sales near 406 Ellwood Beach Drive
7392 Freeman Place: Sold $1,400,000 · 5 bd · 3 ba · 2,437 sqft · Apr 2026 · 0.2 mi
Matthews Real Estate Investment Services | DRE #01325901
Buyer's agent: Subscriber Non, Non-Participant Office | DRE #132527465 Hollister Avenue 130: Sold $609,425 · 2 bd · 2 ba · 960 sqft · Aug 2026 · 0.2 mi
Keller Williams Santa Barbara | DRE #01299477
Buyer's agent: Non Member, Unknown Office7368 Hollister Avenue 56: Sold $247,000 · 1 bd · 1 ba · 490 sqft · May 2026 · 0.4 mi
Dalton Real Estate | DRE #00959147
Buyer's agent: NONE NONE, None MRML | DRE #N/A7415 SAN BERGAMO Drive: Sold $1,050,000 · 3 bd · 2 ba · 1,056 sqft · Jun 2026 · 0.6 mi
AVM Real Estate Services | DRE #01707728
Buyer's agent: Lisa Theobalt, AVM Real Estate Services | DRE #01707728516 Mills Way: Sold $2,110,000 · 4 bd · 4 ba · 1,850 sqft · Jun 2026 · 0.7 mi
Evans Realty & Investments | DRE #01421487
Buyer's agent: Sandy Mathers, Century 21 Masters | DRE #017134237386 Calle Real 17: Sold $726,000 · 2 bd · 2 ba · 1,008 sqft · Jul 2026 · 0.7 mi
eXp Realty of Greater L.A | DRE #01395847
Buyer's agent: TANIA MARTINEZ-GIL, NONMEMBER MRML | DRE #012994777116 Madera Drive: Sold $900,000 · 3 bd · 2 ba · 1,125 sqft · Jan 2026 · 0.9 mi
Metzner Realty | DRE #01734850
Buyer's agent: Paul Metzner, Metzner Realty | DRE #01734850331 Northgate Drive D: Sold $809,000 · 3 bd · 2 ba · 1,204 sqft · Apr 2026 · 1.2 mi
Compass | DRE #01932289
Buyer's agent: Compass | DRE #01932289
Closed sales reported in 93117, nearest first, last 12 months. All recent sales in Goleta →