
GOLETA, CA 93117
This Versatile Agricultural Estate is a Strong Value Opportunity, listed at $2,399,000—positioned well below the $2,447,256 Fair Market Value by 2%. This valuation gap offers $48,256 in Instant Equity for buyers. Featuring AG-II Zoning, two residential units, and a permitted 30x40 shop, the property maintains a Condition Rating of 3, providing functional, move-in-ready spaces with immense utility. With partial rural views and massive lot utilization, this is an ideal acquisition for Owner-Occupants seeking multi-generational living or Agricultural Entrepreneurs.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 10800 Calle Real Subject | $2,399,000* List Price | 3 | 2 | 1,700 | $1,440 | - |
A 10800 Calle Real Active | $2,399,000 List Price | 5 | 3 | 1,700 | $1,411 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Although built in 1959, the property has been well-maintained with a kitchen and bathroom refresh (white shaker cabinets, updated vanity) likely within the last 10-15 years. The interior is functional and move-in ready, though some systems like wall heaters and finishes like popcorn ceilings remain dated.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 93654, living area = 1700.
The Agricultural II zoning supports a wide range of uses including farming, vineyards, and equestrian activities, offering rare flexibility for a productive rural lifestyle or commercial agricultural ventures.
Featuring two homes on a single lot, the property provides excellent opportunities for multi-generational living, guest accommodations, or the potential for significant rental income.
With a list price of $2.399M for 1,700 square feet of living space, the property carries a high cost basis that primarily reflects land value rather than residential square footage.
Given the 1959 build date and the focus on land utility in the description, the residences may require modern updates or renovations to meet contemporary luxury standards.
Opportunities like this rarely come to market so close to Santa Barbara. This versatile AG-II property offers the combination buyers are constantly searching for but seldom find: two residences, a permitted 30' x 40' shop with 240V power, usable acreage, and tremendous flexibility for agricultural, equestrian, business, hobby farm, or multi-generational living. AG-II zoning is intended to support agricultural and rural uses while preserving long-term value and open space, making properties like this increasingly difficult to replace. Whether you're looking for rental income, a family compound, space for equipment and vehicles, a workshop for your business, or room to grow crops, raise animals, or simply enjoy a rural lifestyle. This property checks boxes that most buyers spend years trying to find in a single package. The permitted 30' x 40' shop with 240V power provides functionality that many rural properties lack, while the second residence opens the door to extended family living, caretaker housing, or income-producing possibilities. Combined with its close proximity to Santa Barbara, the property offers the rare balance of privacy, productivity, and convenience. Properties with two homes, a permitted shop, and AG-II zoning are exceptionally limited in today's market. Buyers waiting for "the next one" may be waiting a very long time. If you've been searching for a property that offers flexibility, utility, and long-term potential, now is the time to act before this opportunity belongs to someone else.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 0.0 |
| Baths | 2.0 | 0.0 |
| Square foot | 1,700 | - |
| Lot Size | 93,654 | - |
| Price | $2.40M | $1.48M |
| Price per sq ft | $1.4K | $850 |
| Built year | 1959 | 0 |
| HOA | $0 | $0 |
| Days on market | 91 | 54 |
Apr 22, 2026
$2,399,000
Initial Listing