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.
Pre-foreclosure
Listing Provided by: Coldwell Banker Exclusive
Est. $6,819,300
3040 Gibraltar Rd, Santa Barbara, CA 93105
6beds
5,296sqft
Single Family Residence
Built in 2022
2.98 Acres Lot
$6,819,300 Zestimate®
$1,288/sqft
$-- HOA
What's special
Stunning ocean viewsLaundry roomCity lights
- 37 days |
- 65 |
- 1 |
Zillow last checked:
Listing updated:
Listing Provided by:
Melinda Bonene DRE #01326360 818-422-7447,
Coldwell Banker Exclusive,
Lou Lollio DRE #00829436 310-293-9860,
Lou Lollio
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: $1,288/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
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Estimated market value
$6,819,300
$5.66M - $8.25M
$33,238/mo
Price history
| Date | Event | Price |
|---|---|---|
| 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
Monthly payment
Estimated monthly payment
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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Climate risks
Neighborhood: 93105
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: 2.8 mi
- California
- Santa Barbara County
- Santa Barbara
- 93105
- 3040 Gibraltar Rd
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