3040 Gibraltar Road Santa Barbara, CA 93105
Listing Courtesy of: CRMLS / Coldwell Banker Exclusive / Melinda Bonene (aka Bonini) - 818-422-7447
$3,280,000
6
BED
6
BATH
5,296
SQFT

  3040 Gibraltar Road Santa Barbara, CA 93105

Pending (497 Days)

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.

MLS #:
SR23001289
Lot Size
2.98 acres
Type
Single-Family Home
Year Built
2022
Style
Other
Views
City Lights, Mountain(s), Ocean, Harbor, Coastline
School District
Other
County
Santa Barbara County
Community
Santa Barbara: Other (80)
Bathroom Details
  • Full Bathrooms: 5
  • Half Bathroom: 1
Interior Features
  • Windows: Wood Frames
  • Unfurnished
Subdivision
  • Santa Barbara: Other (80)
Lot Information
  • Lot Over 40000 Sqft
Property Features
  • Foundation: See Remarks
Basement Information
  • Unfinished
Flooring
  • See Remarks
Exterior Features
  • Roof: See Remarks
Utility Information
  • Utilities: Water Source: See Remarks, See Remarks
  • Sewer: Unknown
Parking
  • See Remarks
Living Area
  • 5,296 sqft
Additional Listing Info
  • Buyer Brokerage Commission: 2.500
Location
   
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Listing Price History

Date
Event
Price
% Change
$ (+/-)
Oct 27, 2023
Price Changed
$3,280,000
-6%
-220,000
Jul 14, 2023
Price Changed
$3,500,000
59%
1,300,000
Jan 04, 2023
Price Changed
$2,200,000
900%
1,980,000
Jun 01, 2022
Original Price
$220,000
-
-
Disclaimer: Based on information from California Regional Multiple Listing Service, Inc. as of 2/22/23 10:28 and /or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable.