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.
Sold for $3,399,652
Listed by: Coldwell Banker Exclusive • Melinda Bonene • Contact: 818-422-7447
Bought with: Allison James Estates & Homes
$3,399,652
3040 Gibraltar Rd, Santa Barbara, CA 93105
6beds
5,296sqft
Single Family Residence
Built in 2022
2.98 Acres Lot
$4,900,600 Zestimate®
$642/sqft
$33,238 Estimated rent
Home value
$4,900,600
$4.17M - $5.78M
$33,238/mo
Zestimate® history
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Stunning ocean viewsLaundry roomCity lights
Zillow last checked:
Listing updated:
Listed by:
Melinda Bonene DRE #01326360 818-422-7447,
Coldwell Banker Exclusive,
Lou Lollio DRE #00829436 310-293-9860,
Lou Lollio
Bought with:
Jennifer Conklin, DRE #01711183
Allison James Estates & Homes
Source: CRMLS,MLS#: SR23001289
Originating MLS: California Regional MLS
Originating MLS: California Regional MLSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 6
- Full bathrooms: 5
- 1/2 bathrooms: 1
- Main level bathrooms: 2
- Main level bedrooms: 2
Rooms
- Room types: Other
Heating
- None
Cooling
- None
Appliances
- Laundry: None
Features
- See Remarks, Unfurnished
- Flooring: See Remarks
- Windows: Wood Frames
- Basement: Unfinished
- Has fireplace: No
- Fireplace features: None
- Common walls with other units/homes: No Common Walls
Interior area
- Total interior livable area: 5,296 sqft
Property
Parking
- Total spaces: 4
- Parking features: See Remarks
- Attached garage spaces: 4
Accessibility
- Accessibility features: Other, See Remarks
Features
- Levels: Three Or More
- Stories: 3
- Patio & porch: See Remarks
- Pool features: None
- Has view: Yes
- View description: City Lights, Coastline, Harbor, Mountain(s), Ocean
- Has water view: Yes
- Water view: Coastline,Harbor,Ocean
Lot
- Size: 2.98 Acres
- Features: Lot Over 40000 Sqft
Details
- Parcel number: 153280020
- Zoning: 40-E-1
- Special conditions: Real Estate Owned
Construction
Type & style
- Home type: SingleFamily
- Architectural style: See Remarks
- Property subtype: Single Family Residence
Materials
- Foundation: See Remarks
- Roof: See Remarks
Condition
- New construction: Yes
- Year built: 2022
Utilities & green energy
- Sewer: Unknown
- Water: See Remarks
- Utilities for property: None, See Remarks
Community & HOA
Community
- Features: Mountainous
- Subdivision: Santa Barbara: Other (80)
Location
- Region: Santa Barbara
Financial & listing details
- Price per square foot: $642/sqft
- Tax assessed value: $3,570,000
- Annual tax amount: $37,684
- Date on market: 1/3/2023
- Cumulative days on market: 497 days
- Listing terms: Cash,Cash to New Loan
Price history
| Date | Event | Price |
|---|---|---|
| 7/10/2026 | Sold | $3,399,652-2.9%$642/sqft |
Source: Public Record Report a problem | ||
| 3/8/2024 | Sold | $3,500,000+66.7%$661/sqft |
Source:  CRMLS #SR23001289 Report a problem | ||
| 3/25/2022 | Listing removed | -- |
Source:  SBMLS #21-4217 Report a problem | ||
| 11/22/2021 | Listed for sale | $2,100,000-8.5%$397/sqft |
Source: SBMLS #21-4217 Report a problem | ||
| 10/26/2021 | Listing removed | -- |
Source: SBMLS #21-2695 Report a problem | ||
| 10/4/2021 | Price change | $2,295,000-6.3%$433/sqft |
Source: SBMLS #21-2695 Report a problem | ||
| 7/19/2021 | Listed for sale | $2,450,000$463/sqft |
Source: SBMLS #21-2695 Report a problem | ||
| 7/19/2021 | Listing removed | -- |
Source: SBMLS #20-3742 Report a problem | ||
| 5/3/2021 | Price change | $2,450,000+6.5%$463/sqft |
Source: SBMLS #20-3742 Report a problem | ||
| 4/7/2021 | Listed for sale | $2,300,000$434/sqft |
Source: SBMLS #20-3742 Report a problem | ||
| 3/23/2021 | Listing removed | -- |
Source: SBMLS #20-3742 Report a problem | ||
| 9/22/2020 | Listed for sale | $2,300,000+2.3%$434/sqft |
Source: Sawyer Real Estate #20-3742 Report a problem | ||
| 5/1/2020 | Listing removed | $2,249,000$425/sqft |
Source: Sawyer Real Estate #17-2583 Report a problem | ||
| 3/6/2020 | Price change | $2,249,000+9.8%$425/sqft |
Source: Sawyer Real Estate #17-2583 Report a problem | ||
| 11/13/2019 | Price change | $2,049,000-17.9%$387/sqft |
Source: Sawyer Real Estate #17-2583 Report a problem | ||
| 5/6/2019 | Listed for sale | $2,495,000$471/sqft |
Source: Sawyer Real Estate #17-2583 Report a problem | ||
| 3/31/2019 | Listing removed | $2,495,000$471/sqft |
Source: Sawyer Real Estate #17-2583 Report a problem | ||
| 4/14/2018 | Price change | $2,495,000+47.2%$471/sqft |
Source: Sawyer Real Estate #17-2583 Report a problem | ||
| 1/23/2018 | Price change | $1,695,000+13.4%$320/sqft |
Source: Sawyer Real Estate #17-2583 Report a problem | ||
| 7/30/2017 | Listed for sale | $1,495,000+99.3%$282/sqft |
Source: Sawyer Real Estate #17-2583 Report a problem | ||
| 5/6/2016 | Sold | $750,000$142/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $37,684 +43.7% | $3,570,000 +44.2% |
| 2024 | $26,220 +98.9% | $2,476,152 +99.5% |
| 2023 | $13,185 +1.7% | $1,240,969 +2% |
| 2022 | $12,959 +20.8% | $1,216,637 +20.4% |
| 2021 | $10,730 +24.3% | $1,010,233 +24.4% |
| 2020 | $8,630 +1.8% | $811,824 +2% |
| 2019 | $8,480 +1.4% | $795,906 +2% |
| 2018 | $8,360 +3.4% | $780,300 +2% |
| 2017 | $8,084 +140.4% | $765,000 +146.6% |
| 2016 | $3,362 +6.9% | $310,238 +7.7% |
| 2015 | $3,144 +11.9% | $288,132 +12.8% |
| 2014 | $2,810 | $255,427 +12.4% |
| 2012 | -- | $227,175 +75.3% |
| 2011 | -- | $129,585 +0.8% |
| 2010 | -- | $128,617 -59% |
| 2009 | -- | $313,924 +5.9% |
| 2008 | -- | $296,398 +10.2% |
| 2007 | -- | $268,921 +0.9% |
| 2006 | -- | $266,492 +0.9% |
| 2005 | -- | $264,112 +40.8% |
| 2003 | -- | $187,642 +66.9% |
| 2002 | -- | $112,396 |
Find assessor info on the county website
Neighborhood: 93105
Nearby homes
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Nearby schools
GreatSchools rating
- 4/10Cleveland Elementary SchoolGrades: K-6Distance: 2.8 mi
- 3/10Santa Barbara Junior High SchoolGrades: 7-8Distance: 2.9 mi
- 6/10Santa Barbara Senior High SchoolGrades: 9-12Distance: 2.9 mi
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- California
- Santa Barbara County
- Santa Barbara
- 93105
- 3040 Gibraltar Rd
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