3040 Gibraltar Road, Santa Barbara

Santa Barbara Home Sale

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.

Property Details

3040 Gibraltar RoadSquare Ft: 5,296Lot Size: 2.98Bedrooms: 6Bathrooms: 6Price: $3,280,000Zip: 93105
MLS® #: SR23001289Garages: 4School District: Days on Market: 260Listed By: Melinda Bonini, Coldwell Banker Exclusive

Sales Agent

Beach Cities Real Estate
  • Beach Cities Real Estate
  • Phone: (888) 990-7111
  • Cell: (888) 990-7111
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Additional Information

  • City:
    Santa Barbara
  • County:
    Santa Barbara
  • Zip:
    93105
  • MLS® #:
    SR23001289
  • Bedrooms:
    6
  • Bathrooms:
    6
  • Square Ft:
    5,296
  • Lot Size:
    2.98
  • Neighborhood:
    SANTA BARBARA (93105)
  • Garages:
    4
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Listing information last updated on March 28th, 2024 at 9:31am PDT.