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3040 Gibraltar Road, Santa Barbara, CA 93105

Single-family home

3040 Gibraltar Road, Santa Barbara, CA 93105 Sold March 2024 CRMLS
$3,500,000Sold March 2024

Listing Agent: Melinda Bonini (DRE #01326360) · Listing Office: Coldwell Banker Exclusive · Contact: 818-422-7447 · Bought with: Jennifer Conklin · Allison James Estates & Homes · MLS #SR23001289 · Source: CRMLS

6
Bedrooms
6
Bathrooms
5,296
Sq Ft
129,809 sqft
Lot Size
2022
Year Built
Single-family home
Type
4
Garage
None
Cooling
None
Heating
CityLights, Coastline, Harbor, Mountains, Ocean
View

About this single-family home

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.

Sale history

$3,500,000
Sold March 2024 · listed $3,280,000, orig. $220,000, on market June 2022 · 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
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