
Goleta, CA 93117
This property represents a High-Potential Investment Opportunity, listed at a List Price of $2,399,000, which aligns with its $2,399,000 Fair Market Value. Featuring AG-II Zoning, a permitted 30x40 workshop, and dual-residence potential, the asset offers significant utility for agricultural or rental income strategies. While the Condition Rating of 4 indicates dated infrastructure requiring modernization, the expansive 93,218 sqft lot and mountain views provide a rare foundation for long-term value. This property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a versatile rural lifestyle.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 10800 Calle Real Subject | $2,175,000* List Price | 5 | 3 | 1,700 | $1,279 | - |
A 10800 Calle Real Active | $2,399,000 List Price | 3 | 2 | 1,700 | $1,411 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1959, the property consists of two residences and a large workshop that appear functional and well-maintained but reflect dated infrastructure. While the AG-II zoning and land value are high, the living spaces show signs of age and likely require modernization of kitchens, bathrooms, and systems to meet contemporary standards.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 93218, living area = 1700.
The Agricultural II zoning provides rare flexibility for a wide range of uses including farming, vineyards, and equestrian activities, offering significant utility for a productive rural lifestyle.
With two homes on the property, this setup is ideal for multi-generational living, guest accommodations, or generating rental income to offset ownership costs.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =93218, other record lot size in square feet = 93654.
Built in 1959, the structures may require significant modernization or capital improvements to meet the expectations of buyers looking for contemporary luxury finishes.
At a $2.399M price point for 1,700 square feet of living space, the value is heavily weighted in the land and zoning rather than the residential structures, which may limit appeal for those prioritizing interior space.
This exceptional AG-II zoned property offers a rare combination of versatility, space, and proximity to Santa Barbara. Agricultural II zoning allows for a wide range of uses including farming, orchards, vineyards, equestrian activities, and other agricultural ventures, making it ideal for those seeking a productive rural lifestyle while still enjoying modern conveniences nearby. Whether your vision includes cultivating crops, raising animals, starting a boutique farm, or simply enjoying the privacy and open space that agricultural land provides, AG-II zoning creates the flexibility to bring those possibilities to life.The property features two homes, offering excellent opportunities for multi-generational living, guest accommodations, or potential rental income. Having two residences provides both convenience and independence, making it ideal for extended family, caretakers, or those looking to offset ownership costs through additional income.Adding even more value is the permitted 30x40 shop with 240V power. This spacious structure is perfect for equipment storage, workshop projects, agricultural operations, hobbies, or a home-based business. With ample room and reliable power, the shop offers functionality that is highly desirable for anyone working the land or needing a dedicated workspace.Located just a short drive from Santa Barbara, the property delivers the best of both worlds--peaceful rural living with easy access to world-class beaches, restaurants, shopping, and cultural amenities. Properties with this combination of zoning, improvements, and location are increasingly rare, offering both lifestyle appeal and long-term value.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 5.0 | 0.0 |
| Baths | 3.0 | 0.0 |
| Square foot | 1,700 | - |
| Lot Size | 93,218 | - |
| Price | $2.17M | $1.48M |
| Price per sq ft | $1.3K | $850 |
| Built year | 1959 | 0 |
| HOA | $0 | $0 |
| Days on market | 464 | 54 |
Jun 10, 2026
$2,175,000
$2,399,000
-9% Price Drop
Initial Listing
Mar 11, 2026
$2,399,000
$2,499,000
-4% Price Drop
Initial Listing
Apr 14, 2025
$2,499,000
Initial Listing