838 Toro Canyon Road, SANTA BARBARA, CA 93108, SANTA BARBARA, 93108 - 4 bed, 5 bath

838 Toro Canyon Road, SANTA BARBARA, CA 93108 home-pic-0

838 Toro Canyon Road

SANTA BARBARA, CA 93108

ACTIVE
CONDITION: TEAR DOWN
4Beds
5Baths
Sq Ft
217,800Lot Size

Property Price

LIST PRICE$2,285,000

SUMMARY

Analysis of 838 Toro Canyon Road, SANTA BARBARA, CA 93108 is currently available with a list price of $2,285,000. The property maintains a Tear down Condition Rating (10/100), reflecting significant deferred maintenance. This property is best suited for experienced investors or developers prepared for substantial renovation work. Located in a high-demand neighborhood within the SANTA BARBARA Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for Experienced Investors and Fix-and-Flip Specialists.

Condition Analysis

OVERALL CONDITION SCORE

Tear down
TeardownExcellent

Property is land value only, full reconstruction required.

The property is currently a vacant 5-acre land parcel with no existing physical structure, kitchen, or bathrooms; the provided images are architectural renderings of a proposed residence, and the value is based solely on the land and its potential for redevelopment.

PROSSTRENGTHS & OPPORTUNITIES

  • Exceptional Panoramic Views

    The ridgetop location offers rare, multi-directional views of the Santa Barbara coastline, harbor, sunsets, and the Santa Ynez mountain range.

  • Architectural Pedigree

    Designed by the renowned AB Design Studio, the proposed residence features a Frank Lloyd Wright-inspired contemporary design that integrates seamlessly with the natural landscape.

  • Development Readiness

    With plans and permits already in process and a newly completed access road, the property significantly reduces the typical multi-year lead time for Santa Barbara hillside development.

CONSRISKS & DEFICIENCIES

  • Construction Commitment

    As a land parcel with plans, the buyer must undertake the significant financial and logistical responsibility of a ground-up luxury build.

  • Permitting Risks

    While plans are in process, final approvals in Santa Barbara County can be subject to strict regulatory hurdles and potential design modifications.

  • Topographical Complexity

    The ridgetop and foothill terrain may present higher engineering and foundation costs compared to flat-land construction.

About 838 Toro Canyon Road

One of the last ocean view parcels available, plans and permits in process for this ridgetop dreamhome by AB Design Studio. 838 Toro Canyon is for all lovers of open spaces, privacy and design. ''Architectural innovation on the edge of nature'' states AB Design Studio, a one of a kind masterpiece that integrates seamlessly into the Montecito foothills, framed by the Santa Ynez mountain range to the north, overlooking Santa Barbara's stunning coastline to the south, Santa Barbara harbor and setting sun in the west, there is no other parcel available like this. Experience the magical 5 acres where AB Design Studio created ''one of their favorite projects.'' Inspired by ''Frank Lloyd Wright's principles, while embracing contemporary design, the residence's emphasis on integration with nature, use of cantilevering, and strong linear forms pay homage to Wright's Fallingwater. The proposed Toro Canyon residence design is a contemporary interpretation of Wright's ideas, one that respects tradition while embracing modernity. Plans ready for your personal finishes. Single level design with a variety of interior floorplans available. Schedule a tour to view this most special property and building plans, beautiful new road just completed to property. Minutes from Montecito's Upper and Lower Villages. From AB Design Studio: https://www.abdesignstudioinc.com/news/the-toro-canyon-residence-architectural-innovation-on-the-edge-of-nature

Property Details

Public Facts

Property Type
Single Family Residence
Year Built
-
Lot Size
217,800 Sq. Ft.

Interior

Total Bedrooms
4
Total Bathrooms
5 (5 Full, 0 Half)

Exterior & Parking

No exterior & parking available.

Utilities & Misc

HOA Fee
$0 / Month

Neighborhood Insights

Sensitive Facilities

No sensitive facilities data found.

Neighborhood Comparison

FeatureSubjectAverage HomeNeighborhood Ranking (50 Listings)
Beds4.04.0
50%
Baths5.05.0
50%
Square foot-3,681
9%
Lot Size217,80043,560
96%
Price$2.29M$5.33M
20%
Price per sq ft$0$1.6K
21%
Built year-1973
3%
HOA$0$0
50%
Days on market395240
75%

Pricing History

Listed for Sale

Feb 6, 2025

$2,285,000

Initial Listing

Sold

Nov 25, 2020

$900,000

Public Record

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