Opportunity, Ocean Views, Spacious Lot, Good Vibes
$1,895,000 List Price | Sold for $1,735,200
I am very excited to have just closed escrow on this incredible opportunity located in the Samarkand neighborhood of Santa Barbara. My clients, who I am honored to have worked with before, are the ideal buyers for a project like this one. Not only are they financially savvy, they are also incredibly creative, handy and are also (like me) Scorpios…so obviously we know how to get stuff DONE! I cannot wait to see what they transform this ocean view, spacious, perfectly located property into for their family!
As we all know, new construction in Santa Barbara is extremely rare and when it does happen, it is usually a unit in a condo complex. Remodeling or rehabilitating our existing home inventory is the name of the game. Why not turn a “once loved”, recently neglected property into a place that we can be proud to call home and create a sanctuary with well thought out, modern amenities while still cherishing the bones of the past. You can. My clients are doing just that.
They were patient. They took their time. They rented. They invested elsewhere. They built their nest egg. They remodeled and researched options for other properties before deciding to jump in and purchase their primary residence. They saw the potential. They did their research and due diligence about what it is going to take to turn this property into what they envision for it. They knew that it was worth it. They made an excellent purchase.
This development opportunity features sweeping, unobstructed, ocean, island, mountain and city views. Whether or not they use them, there are existing plans that provide for three units – A main house, a possible ADU, (accessory dwelling unit) and Jr. ADU. Existing drought tolerant, mature landscaping, with fruit bearing trees surround the structures. This property is located on one of the best streets in the highly sought, rarely available Samarkand neighborhood (and ideally located to my buyers best friends!).
As per the listing agent; ‘the plans are impressive and include expanding the main living level to an elegant home that is majestically sited, turning this into a true estate in the Santa Barbara style with several options for additional living units. The planned Zen-like front courtyard with water feature, the elegant master suite with the priceless view, and all of the trappings of this modern masterpiece are awaiting the finishing touches of its new owner. The challenging, “heavy lifting” of the redesign review process has been completed, perfect for owner builder or developer.’ My clients are up to the task! I can’t wait to see what they create…