Fully Approved Residential Development
For Sale
$749,000
1240 W Micheltorena, Santa Barbara, CA 93101
Fully approved plans with permits and fees paid, positioned near the end of a cul-de-sac among trees.
Property Size2,720 SF
Price / SF$275.37
Days on Market70
Property Features for 1240 W Micheltorena
General Information
Standard status
Active
Size
2,720 SF
Property subtype
Land
Building Details
Stories
3
Listing Agency:
(951) 264-6400
Listed By:
Brian Lopiccolo
Source:
Elliman
Added: Jun 16
Changed: Aug 8
Last Checked: Jun 16 at 2:48PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Brian Lopiccolo
Investment Insights
Based on property information with market context.
This fully approved residential development lot comes with permits and related fees already paid, with active documentation supporting the project. The seller indicates plans are in place for a modern, multi-level home design totaling 2,720 square feet, including a 537-square-foot garage, along with exterior space and walk-out balconies on the upper levels. The property is described as tucked “amongst the trees near the end of a cul de sac.”
The plan also includes approved work for electrical and wire burial from SCE, noted as $12k in the provided materials. The address is listed as 1240 W Micheltorena in Santa Barbara, CA 93101, with the remarks stating it is just minutes from the beach, marina, and State Street, and that it is centrally located to schools, universities, and nearby recreation.
The seller is also quoting construction work for the full project through a GC who is listed as a structural and civil engineer, with additional foundation quotes referenced in the materials. Interested parties are being invited to submit reasonable offers for a quick sale.
The plan also includes approved work for electrical and wire burial from SCE, noted as $12k in the provided materials. The address is listed as 1240 W Micheltorena in Santa Barbara, CA 93101, with the remarks stating it is just minutes from the beach, marina, and State Street, and that it is centrally located to schools, universities, and nearby recreation.
The seller is also quoting construction work for the full project through a GC who is listed as a structural and civil engineer, with additional foundation quotes referenced in the materials. Interested parties are being invited to submit reasonable offers for a quick sale.
Key Highlights
- Fully approved plans with permits and all fees paid for a modern 4‑bed, 5‑bath home
- Proposed home size: 2,720 sq ft with a 537 sq ft garage and 950 sq ft total exterior square footage
- Three levels with elevator access to a rooftop deck and walk‑out balconies on levels two and three
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
595
Businesses Nearby
Explore this area
Business Placement
Demographics for 93101, CA
30,513
Population
13,664
Households
2.2
Avg Household Size
36
Median Age
41%
College-Educated
83%
High-School Grad
3.2 sq mi
ZIP Area
9,535
Density / Sq Mi
$79,868
Median Household Income
$42,614
Median Earnings
$2,109
Median Rent
$1,122,200
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - Fully approved plans with permits and fees paid, positioned near the end of a cul-de-sac among trees.
Where is this residential land & home lot located?
The property is located at 1240 W Micheltorena Santa Barbara, CA.
What is the asking price?
The asking price for this property is $749,000.
What are key features of this property?
This property features: Fully approved plans with permits and all fees paid for a modern 4‑bed, 5‑bath home; Proposed home size: 2,720 sq ft with a 537 sq ft garage and 950 sq ft total exterior square footage; Three levels with elevator access to a rooftop deck and walk‑out balconies on levels two and three
