Seller's Agent in 2025
Christos Celmayster
Hayes Commercial Group
(805) 563-2111
10 in this area
83 Total Sales
1124 Castillo St Santa Barbara, CA 93101
Downtown Santa Barbara Neighborhood
--
Bed
--
Bath
3,459
Sq Ft
10,558
Sq Ft Lot
Highlights
- Property is near an ocean
- 0.24 Acre Lot
- Wood Flooring
- Santa Barbara Senior High School Rated A-
- Property is near park, public transit, shops, and bus stop
- Furnished
About This Home
As of October 2025Newly constructed, boutique, short-term rental property in central downtown Santa Barbara location. Villa Castillo is a five-suite boutique short-term vacation rental property in downtown Santa Barbara, a half-mile to State Street and moments from the famed Funk Zone and white sand beaches. One of only a few fully permitted short term rental properties allowed in the downtown area, Villa Castillo was completed in May of 2020 with great attention to detail and has been meticulously maintained by the current owner. The property consists of two large 2BD/2BA suites, each with a full kitchen and their own private laundry, plus three studio suites, each with their own kitchenette and a shared laundry facility. All suites offer plentiful natural light, high ceilings, and modern, fully renovated interiors. Amenities include high-speed internet access, air conditioning, BBQs and Tesla charging station. This is a turnkey opportunity for the investor looking to expand their short-term rental portfolio and capitalize on the approximately 7.2 million visitors to Santa Barbara, or for a buyer looking for their pied-a-terre in Santa Barbara that not only supports their ownership costs but generates income on their investment.
Last Agent to Sell the Property
Hayes Commercial Group License #01342996 Listed on: 03/06/2025
Last Buyer's Agent
Hayes Commercial Group License #01342996 Listed on: 03/06/2025
Property Details
Home Type
- Multi-Family
Year Built
- Built in 2020
Lot Details
- 10,558 Sq Ft Lot
- Property is in excellent condition
Interior Spaces
- 3,459 Sq Ft Home
- 1-Story Property
- Furnished
- Fire Sprinkler System
Flooring
- Wood
- Vinyl Plank
Laundry
- Laundry Room
- Dryer
- Washer
Parking
- 7 Open Parking Spaces
- 7 Parking Spaces
Accessible Home Design
- Wheelchair Access
Outdoor Features
- Property is near an ocean
- Patio
Location
- Property is near park, public transit, shops, and bus stop
- Property near a hospital
Schools
- Cla Elementary And Middle School
- Cla High School
Utilities
- Forced Air Heating and Cooling System
- Cable TV Available
Community Details
- 5 Units
- 15 Or 20 Downtown Subdivision
Listing and Financial Details
- The owner pays for cbl TV, trash collection, water, gas, electricity, heat
- Assessor Parcel Number 039-212-035
- Seller Concessions Offered
- Seller Will Consider Concessions
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Mar 6, 2025
Closed on
Sep 26, 2025
Sold by
Caird Family Revocable Trust and Caird Ronald M
Bought by
Eleven Twenty Four Castillo Llc
Seller's Agent
Christos Celmayster
Hayes Commercial Group
Buyer's Agent
Christos Celmayster
Hayes Commercial Group
List Price
$4,650,000
Sold Price
$3,800,000
Premium/Discount to List
-$850,000
-18.28%
Views
28
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.37%
Original Mortgage
$2,470,000
Outstanding Balance
$2,467,767
Interest Rate
6.5%
Mortgage Type
New Conventional
Estimated Equity
$1,343,640
Purchase Details
Closed on
Sep 23, 2021
Sold by
1124 Castillo St Llc
Bought by
Caird Ronald M and Caird Patricia G
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,292,250
Interest Rate
2.8%
Mortgage Type
Commercial
Purchase Details
Closed on
Sep 12, 2018
Sold by
Hutton Foundation
Bought by
1124 Castillo St Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$550,000
Interest Rate
4.5%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jun 11, 2010
Sold by
Santa Barbara Family Care Center
Bought by
Hutton Foundation
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $3,800,000 | Fidelity National Title Compan | |
| Grant Deed | $3,465,000 | First American Title Company | |
| Grant Deed | $1,070,000 | Fidelity National Title Co | |
| Grant Deed | $596,000 | First American Title Company |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $2,470,000 | New Conventional | |
| Previous Owner | $3,292,250 | Commercial | |
| Previous Owner | $550,000 | New Conventional |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 10/15/2025 10/15/25 | Sold | $3,800,000 | -13.6% | $1,099 / Sq Ft |
| 08/08/2025 08/08/25 | Pending | -- | -- | -- |
| 05/21/2025 05/21/25 | Price Changed | $4,400,000 | -5.4% | $1,272 / Sq Ft |
| 03/06/2025 03/06/25 | For Sale | $4,650,000 | -- | $1,344 / Sq Ft |
Source: Santa Barbara Multiple Listing Service
Tax History Compared to Growth
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $37,068 | $3,570,964 | $1,167,328 | $2,403,636 |
| 2023 | $37,068 | $3,432,300 | $1,122,000 | $2,310,300 |
| 2022 | $35,772 | $3,365,000 | $1,100,000 | $2,265,000 |
| 2021 | $14,238 | $1,340,140 | $1,025,414 | $314,726 |
| 2020 | $13,945 | $1,311,400 | $1,014,900 | $296,500 |
| 2019 | $11,416 | $1,070,000 | $995,000 | $75,000 |
| 2018 | $51 | $1,077,733 | $567,229 | $510,504 |
| 2017 | $49 | $1,056,602 | $556,107 | $500,495 |
| 2016 | $48 | $1,043,235 | $545,203 | $498,032 |
| 2014 | $47 | $1,016,110 | $526,495 | $489,615 |
Source: Public Records
Agents Affiliated with this Home
-
Christos Celmayster
Map
Source: Santa Barbara Multiple Listing Service
MLS Number: 25-953
APN: 039-212-035
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