HOT GIBRALTAR SANTA BARBARA, CA 93105

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Description

This is an REO, meaning this property has been foreclosed on because the owner couldn't meet their payments. The bank now owns this property. Most banks are not set up to own homes, and are often motivated to sell you the home at a discounted price.

Just out of foreclosure. REO. Lender owned. New Construction not completed on the main Estate Home (approximately 4300 sq. ft per builder). Main Home is 5 BR / 4.5 BA per seller. The guest house is fenced and has construction containers on the property, also is a fixer 1 + 1 and built in 1982 and is 1,296 sq. feet. per tax assessor. It is currently renting month to month. One of the highest Homes in the Hills with STUNNING OCEAN VIEWS OF SANTA BARBARA, THE COASTLINE, HARBOR AND CITY LIGHTS! 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 Cost Breakdowns and estimates to complete the project and the Builder would love to help complete it. Main house 2 car garage to be built and there's parking for 4 additional cars. Guest house parking driveway can also fit up to 4 cars.

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