3040 Gibraltar Road, Santa Barbara, CA 93105
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Sold Price :
$3,500,000
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Beds :
6
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Baths :
6
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Property Size :
5,296 sqft
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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.
Interior Features
| Laundry Information |
| Location(s) |
None |
| Bedroom Information |
| Bedrooms |
6 |
| Bathroom Information |
| Bathrooms |
6 |
| Flooring Information |
| Material |
See Remarks |
| Interior Information |
| Features |
See Remarks, Unfurnished |
| Cooling Type |
None |
Listing Information
| Address |
3040 Gibraltar Road |
| City |
Santa Barbara |
| State |
CA |
| Zip |
93105 |
| County |
Santa Barbara |
| Listing Agent |
Melinda Bonini DRE #01326360 |
| Co-Listing Agent |
Lou Lollio DRE #00829436 |
| Courtesy Of |
Coldwell Banker Exclusive |
| Close Price |
$3,500,000 |
| Status |
Closed |
| Type |
Residential |
| Subtype |
Single Family Residence |
| Structure Size |
5,296 |
| Lot Size |
129,809 |
| Year Built |
2022 |
Listing information courtesy of: Melinda Bonini, Lou Lollio, Coldwell Banker Exclusive. *Based on information from the Association of REALTORS/Multiple Listing as of Mar 8th, 2024 at 9:50 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
