6
Bedrooms
Sold for $3,500,000 · Mar 2024
SOLDListed at $3,280,000
3040 Gibraltar Road, Santa Barbara, CA 93105
Santa Barbara, CA
MLS# SR23001289
5,296 Sq Ft • Single Family Home6bd • 6ba
314 days on market
Listing Agent
Melinda Bonini
Listing Agent
Coldwell Banker Exclusive
DRE #: 01326360
Brokerage: Coldwell Banker Exclusive
Property Details
6
Bathrooms
5,296 sqft
Square Feet
2022
Year Built
2.98 acres
Lot Size
$661
Price/Sq Ft
4
Garage Spaces
N/A
HOA
Single Family Home
Property Type
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.
Listing description from the March 2024 sale, as reported to CRMLS.
Facts & Features
Details
- Cooling
- None
- Heating
- None
- View
- CityLights, Coastline, Harbor, Mountains, Ocean
Natural Hazard Information
Earthquake data is shown from a real public source (USGS)
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Sale history for 3040 Gibraltar Road
1 recorded sale
$3,500,000
Sold March 2024 · listed $3,280,000, orig. $220,000, on market June 2022, 314 days on market · MLS #SR23001289 · Source: CRMLS
Listing Agent: Melinda Bonini · Listing Office: Coldwell Banker Exclusive · Contact: 818-422-7447 · Bought with: Jennifer Conklin · Allison James Estates & Homes
How this sale compares
3040 Gibraltar Road sold for $3,500,000 in March 2024, 6.7% over its $3,280,000 list price, after 314 days on the market. It was first listed at $220,000. That works out to $661 per square foot on 5,296 square feet. Across 17 closed sales in 93105 over the last 12 months, the median sold price is $2,066,000 and the median is $1,168 per square foot, 77% above this sale's $661.
$661
This sale, per sq ft
$1,168
93105 median per sq ft (12 mo)
$2,066,000
93105 median sold price (12 mo)
17
Closed sales in 93105 (12 mo)
314
Days on market
+6.7%
Sold vs. list price
| Quarter | Closed sales in 93105 | Median sold price |
|---|---|---|
| Q1 2026 | 4 | $2,047,500 |
| Q2 2026 | 7 | $2,500,000 |
| Q3 2026 | 4 | $2,060,500 |
| Q4 2026 | 2 | $2,424,000 |
Figures are MLS-reported closed sales (CRMLS); ZIP medians cover the last 12 months. Nalren does not estimate values. Recently sold in Santa Barbara · Homes for sale in 93105
Recent sales near 3040 Gibraltar Road
Sold $3,865,000SOLD3bd3ba2,293 sqft930 Andante RoadSold Jun 2026 · 2.3 miVillage Properties | DRE #00978392Buyer's agent: John Sener, Village Properties | DRE #00978392
Sold $1,675,000SOLD3bd3ba1,999 sqft840 Cheltenham RoadSold Jan 2026 · 2.7 miKeller Williams Realty Santa Barbara | DRE #01786020Buyer's agent: Subscriber Non, Non-Participant Office | DRE #13252
Sold $1,648,000SOLD3bd2ba1,407 sqft835 Cheltenham RoadSold Nov 2026 · 2.7 mi
Sold $1,100,000SOLD3bd2ba1,640 sqft2767 Miradero Dr CSold Apr 2026 · 3.2 miSilvertree Properties | DRE #01100787Buyer's agent: OUT OF AREA, RCOUT | DRE #09999662
Sold $1,995,000SOLD3bd2ba2,662 sqft3134 Lucinda LaneSold Mar 2026 · 3.3 miKeller Williams Realty Santa Barbara | DRE #00994429Buyer's agent: Subscriber Non, Non-Participant Office | DRE #13252
Sold $2,650,000SOLD3bd2ba2,268 sqft2411 Anacapa StreetSold Aug 2026 · 3.3 miKeller Williams Realty Santa Barbara | DRE #00994429Buyer's agent: Stephen Epstein, Keller Williams Realty Santa Barbara | DRE #00994429
Sold $2,055,000SOLD3bd3ba2,133 sqft6 E Constance AvenueSold Aug 2026 · 3.4 miSotheby's International Realty | DRE #01050805Buyer's agent: Out Area Agent, Out of Area Office
Sold $3,200,000SOLD3bd2ba3141 Calle FresnoSold Oct 2026 · 3.5 mi
Closed sales reported in 93105, nearest first, last 12 months. All recent sales in Santa Barbara →
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CRMLS
MLS# SR23001289
Listed: 6/1/2022
© 2026 California Regional Multiple Listing Service, Inc. Based on information from the California Regional Multiple Listing Service, Inc. as of 3/8/2024. 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 deemed reliable but is not guaranteed accurate by the MLS.
IDX information is provided exclusively for consumers' personal, non-commercial use. Information is deemed reliable but not guaranteed. Buyer should independently verify all information.
Listed by: Coldwell Banker Exclusive
Equal Housing Opportunity
Advertising Broker: Nalren Corp (CA DRE #02423715)
Licensed in the state of California
Nalren Corp (CA DRE #02423715) is the Advertising Broker for this IDX display. We are not the listing broker for this property. The listing broker/agent information is shown above. Contact the listing agent for inquiries.