Owner-user investment opportunity in the heart of Summerland. This vacant ocean-view penthouse is part of a four-unit property and creates a rare opportunity to live in the premier unit while benefiting from income-producing rental apartments below. The penthouse features 2 bedrooms, 2 bathrooms, and an exceptional approx. 800 sq ft panoramic ocean-view deck designed for indoor-outdoor coastal living. The remaining units include one studio and two 2-bedroom, 1.5-bath townhouse-style apartments. Set on a street-to-street lot, the property offers additional long-term upside through thoughtful improvements, enhanced outdoor spaces, and continued optimization of the existing rental configuration. A compelling Summerland opportunity for buyers seeking ocean views, flexibility, income potential, and future value creation in one of the South Coast's most charming coastal communities.
Active
Price cut: $195K (7/20)
$2,800,000
2347 Shelby St, Summerland, CA 93067
5beds
--sqft
Single Family Residence
Built in 1973
6,098 Square Feet Lot
$2,784,500 Zestimate®
$--/sqft
$-- HOA
What's special
Ocean viewsOcean-view penthouseStreet-to-street lotEnhanced outdoor spacesIndoor-outdoor coastal living
- 1 day |
- 166 |
- 6 |
Zillow last checked:
Listing updated:
Listed by:
The Santa Barbara Group 805-252-2335,
Berkshire Hathaway HomeServices California Properties
Source: SBMLS,MLS#: 26-2394
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 7
- Full bathrooms: 5
- 1/2 bathrooms: 2
Garage
- Level: First
Appliances
- Laundry: Laundry Room
Features
- Has fireplace: No
Property
Parking
- Total spaces: 6
- Parking features: Carport, Garage
- Garage spaces: 2
- Carport spaces: 4
- Covered spaces: 6
Features
- Levels: Tri-Level,Outside Stairs
- Patio & porch: Deck
- Has view: Yes
- View description: Park/Greenbelt, Beach, Mountain(s), Islands, Coastline, Ocean, City, Harbor, Trees/Woods, Panoramic
- Has water view: Yes
- Water view: Beach,Islands,Coastline,Ocean,Harbor
Lot
- Size: 6,098 Square Feet
- Topography: Hilly
Details
- Parcel number: 005144005
- Zoning: Other
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Cape Cod
- Property subtype: Single Family Residence
Materials
- Foundation: Raised
Condition
- Good
- Year built: 1973
Community & HOA
Location
- Region: Summerland
Financial & listing details
- Tax assessed value: $2,219,614
- Annual tax amount: $27,078
- Date on market: 7/20/2026
- Cumulative days on market: 2 days
- Listing terms: Conventional,Cash
Estimated market value
$2,784,500
$2.65M - $2.92M
$5,034/mo
Price history
| Date | Event | Price |
|---|---|---|
| 7/20/2026 | Price change | $2,800,000-6.5% |
Source:  SBMLS #26-1008 Report a problem | ||
| 3/30/2026 | Listed for sale | $2,995,000+59.7% |
Source: SBMLS #26-1008 Report a problem | ||
| 10/6/2015 | Sold | $1,875,000 |
Source: SBMLS #15-2476 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $27,078 -2.5% | $2,219,614 +2% |
| 2024 | $27,760 +1.5% | $2,176,093 +2% |
| 2023 | $27,351 +1.3% | $2,133,425 +2% |
| 2022 | $26,995 +2.4% | $2,091,594 +2% |
| 2021 | $26,364 +6.1% | $2,050,583 +1% |
| 2020 | $24,852 +2.3% | $2,029,558 +2% |
| 2019 | $24,289 +1.9% | $1,989,764 +2% |
| 2018 | $23,846 +2% | $1,950,750 +2% |
| 2017 | $23,382 +1.9% | $1,912,500 +2% |
| 2016 | $22,942 +101% | $1,875,000 +136.3% |
| 2015 | $11,413 +5.5% | $793,372 +2% |
| 2014 | $10,822 | $777,832 +2.5% |
| 2012 | -- | $759,136 +2% |
| 2011 | -- | $744,252 +0.8% |
| 2010 | -- | $738,691 -0.2% |
| 2009 | -- | $740,447 +2% |
| 2008 | -- | $725,929 +2% |
| 2007 | -- | $711,696 +2% |
| 2006 | -- | $697,742 +2% |
| 2005 | -- | $684,062 +3.9% |
| 2003 | -- | $658,359 +2% |
| 2002 | -- | $645,451 +2% |
| 2001 | -- | $632,796 +2% |
| 2000 | -- | $620,389 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: 93067
Nearby schools
GreatSchools rating
- 10/10Summerland Elementary SchoolGrades: K-5Distance: 0.1 mi
- 5/10Carpinteria Middle SchoolGrades: 6-8Distance: 5 mi
- 7/10Carpinteria Senior High SchoolGrades: 9-12Distance: 4.7 mi
Schools provided by the listing agent
- Elementary: Summerland
- Middle: Carp. Jr.
- High: Carp. Sr.
Source: SBMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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A local agent can set up tours, give advice and negotiate with sellers.
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