Hope Ranch
More Mesa Drive
Santa Barbara, California, 93110 United States

Sotheby's International Realty - Santa Barbara Brokerage
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More Mesa Drive

Here is a real estate development project of an oceanfront land in Santa Barbara,California.This 264.49 acres has been called several names:, The Jewel of the West ,The Jewel of The Pacific, The Jewel of California and has been ranked as one of the 4 most beautiful lands in USA..The following brief financial study of the property along with its pictures would give the investor a clear idea about this golden opportunity.IMPORTANT: This Pacific Oceanfront piece of land was appraised in 2007 at $106 million and the appraisal has been sent to you in a previous email..Size of the land: 264.49 acresZoned for : 70 homesLocation : Pacific Oceanfront In Santa Barbara-CaliforniaAsking Price : $50MillionIntro : It is known as one of the 4 most beautiful pieces of land In United StateAppraised At : $ 106 millionNote: It is made up of legally subdivided 6 lots yet physically it is one single lot.Although the requirement in that location is 30% of the size of this land can be a buildable area being 80 acres yet the county compelled by the environmentalists to allow only 15 % being 40 acres

Listing Courtesy of RE/MAX OLYMPIC
 
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Amenities & Features

  • Listing Details
    • Property ID
      CV21159913
    • MLS#
      CV21159913
    • Property type
      Land
    • Status
      Available
    • Listing Price
      $50,000,000
    • Subdivision
      Santa Barbara Other (80)
    • County
      Santa Barbara County
    • School District
      Santa Barbara Unified (7-12)
  • Utilities & Building
    • Lot Size Unit
      Acre(s)
    • Lot Size
      265
  • Additional Features
    • Features
      Ocean, Ocean Front, Beach Front