
SANTA BARBARA, CA 93111
This Multi-Parcel Development Estate is listed at $3,295,000, representing a rare 3-acre assemblage across three legal parcels in Santa Barbara. The existing 1957 residence holds a Condition Rating of 5, requiring substantial rehabilitation to meet modern luxury standards. While the automated Fair Market Value is $2,508,724, the valuation accounts for the Exceptional Development Potential and Ocean Views provided by the expansive acreage. This strategic asset offers unparalleled flexibility for a family compound or future development, making it an ideal acquisition for Developers or Visionary Investors.
Property is extensive renovation needed.
The 1957 residence is in original condition and requires substantial rehabilitation. The kitchen is extremely old-fashioned with dated cabinetry and appliances, while the interior features aged carpeting, vintage light fixtures, and infrastructure that necessitates a complete modernization 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 = 43560, living area = 2832.
The offering includes three separate legal parcels totaling 3 acres, providing rare flexibility for a family compound, additional residential construction, or future investment development.
The property features desirable ocean views and a tranquil, private atmosphere that is increasingly difficult to find in the Santa Barbara market at this scale.
With the primary residence built in 1957, the home likely requires significant modernization or a complete remodel to meet the standards of a contemporary luxury estate.
Managing three distinct parcels and navigating the permitting process for vacant land in Santa Barbara can be complex and time-consuming for buyers unfamiliar with local zoning regulations.
An Opportunity as Expansive as the Land Itself! (parcels 2-4) Rare multi-parcel offering totaling 3 acres in a tranquil setting just minutes from the Turnpike exit. This unique property includes three legal parcels featuring a ±2,850 SF residence & two adjacent vacant parcels, creating exceptional flexibility for a family compound, dream estate, small farm, or future development potential. The parcels enjoy ocean views and offer generous space and privacy while remaining just minutes from town, shopping, & everyday conveniences. The property is centered around the residence situated on approximately 1 acre. Adjacent to the home are two vacant parcels totaling 2 acres (0.50 & 1.5 acres), providing additional space to build, expand, or create a private compound. There is also the opportunity to purchase the neighboring property at 510 Los Verdes, featuring a ±1,135 SF 2BD/1BA home on 1.5 acres, offered at 2,195,000. Together, the properties would total 4.5 acres with two residences across four legal parcels. Parcels may be purchased together or separately, offering a range of possibilities from owning a single home with acreage to acquiring the full 4.5-acre assemblage to create a truly special coastal estate. Parcel Breakdown (Parcels 1-3 offered at (3,295,000). Parcel 1: 1 acre with ±2,850 SF home.Parcel 2: 0.50-acre vacant parcel. Parcel 3: 1.5-acre vacant parcel. Parcel 4: 510 Los Verdes (separately listed at 2,195,000): 1.5 acres with ±1135 SF 2BD/1BA home A rare chance to bring your vision to life in a peaceful setting with ocean views and convenient access to Santa Barbara.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 4.0 | 85% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 2,832 | 1,932 | 78% |
| Lot Size | - | 8,712 | 14% |
| Price | $3.29M | $1.65M | 83% |
| Price per sq ft | $1.2K | $867 | 80% |
| Built year | 1957 | 1965 | 2% |
| HOA | $0 | $0 | 50% |
| Days on market | 42 | 173 | 3% |
Mar 11, 2026
$3,295,000
Initial Listing