$16,700,000
$14,000,000
19.3%For more information regarding the value of a property, please contact us for a free consultation.
11.37 Acres Lot
SOLD DATE : 07/10/2024
Key Details
Sold Price $16,700,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 24386139
Sold Date 07/10/24
HOA Y/N No
Year Built 1899
Lot Size 11.370 Acres
Property Description
AUCTION BIDDING OPEN! Bidding ends Wednesday, June 26th, 2024. Previously Listed $50,000,000. Current High Bid $14,000,000. No Reserve. Private Showings by Appointment. This one-of-a-kind, multi-structure estate is one of the most breathtaking trophy properties in all of Southern California. A City of Santa Barbara designated historic landmark, 2300 Garden Street was a part of the original iconic Santa Barbara Mission lands and once served as a theological college and as various private schools dating back to the early 1900's. The entire site features six institutionally sized building structures, multipurpose sports field, tennis/basketball courts, gardens, additional portable's, several parking lots and 360-degree stunning Pacific Ocean and Santa Ynez Mountain views. Zoned RE-15 with approved educational use, the entire 11.37 acre site has numerous potential uses; imagine a Spanish-Colonial boutique hotel, a spiritual or holistic wellness center, assisted living facility, the family compound of your dreams, or continuing its storied history as a top-tier educational facility (*New/different use is subject to all local/State/required approvals.*). Residential and potential commercial opportunities abound. Structures on the property include the Grand Main building, Gymnasium, Chapel and Bell Tower, Arts and Sciences Building, Workshop, and Library/Dining Hallsome ready for immediate use and others primed for reimagination. The Spanish-style architecture and original fixtures like exterior sandstone walls, stained glass, wooden doors, and sculptures add to the original historic character to the buildings. The estate site sits in the heart of Santa Barbara's Upper East residential neighborhood, just next door to the Old Santa Barbara Mission. With its coveted location, amenities, and rich history, this property is the perfect purchase for a savvy investor. Property and opportunity details provided by seller or others; Buyer to verify information and any/all potential or alternative uses and conduct their own due diligence regarding a possible need for any Conditional Use Permits (CUP). (*Subject to all local/State/required approvals*)
Location
State CA
County Santa Barbara
Area Vc81 - Santa Barbara
Zoning E-1
Interior
Fireplace No
Building
Story 7
Others
Tax ID 025140024
Special Listing Condition Auction
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Bought with Timothy Di Prizito • Christie's AKG
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Broker Associate | Lic# 01905244