$1,250,000
SOLD MAY 2, 2025
1.83 Acres
$683,060 Price per Acre
79,715 Sq Ft Lot

Recently Sold

52% Below List Price

319 Days on Market

Highlights

  • Ocean View
  • 1.83 Acre Lot
  • Corner Lot
  • Santa Barbara Senior High School Rated A-
  • Property is near a park

About This Lot

As of May 2025

Discover this once-in-a-lifetime opportunity in the heart of Santa Barbara. Unlock the potential of this expansive property with fully approved design plans through the City of Santa Barbara, meticulously crafted by local renowned architect Dawn Sherry, AIA.Affectionately known as 'La Cima (the perch)' and spanning 1.83 acres, this exceptional lot overlooks Parma Park and Montecito, with mesmerizing ocean views that provide the perfect backdrop for your coastal masterpiece. The approved plans envision a distinguished 4-bedroom residence across three stories, an infinity pool, attached 509-square-foot garage with guest apartment, and a motor court. With an active permit in place, a new owner can jump right in and develop their individual masterpiece! Embrace the art of refined living on this one-of-a-kind canvas of opportunity a short 10 minute drive from Downtown Santa Barbara.

Last Agent to Sell the Property

Michelle King

Village Properties License #02030289 Listed on: 05/03/2024

Last Buyer's Agent

Michael Hebert

Douglas Elliman of California, Inc. License #02047905

Douglas Elliman of California, Inc.

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $9,443

Lot Details

  • 1.83 Acre Lot
  • Corner Lot

Property Views

  • Ocean
  • Panoramic
  • Mountain

Location

  • Property is near a park

Schools

  • Roosevelt Elementary School
  • S.B. Jr. Middle School
  • S.B. Sr. High School

Utilities

  • Gas Available
  • Septic System
  • Cable TV Available

Community Details

  • 15 Las Canoas/El Cielito Subdivision

Listing and Financial Details

  • Assessor Parcel Number 021-050-028
  • Seller Considering Concessions

Property Details

Property Type

Land

Est. Annual Taxes

$9,443

Lot Details

0

Listing Details

  • Prop. Type: Land
  • Reso Property Sub Type: Residential/SFR
  • ResoLotFeatures: Corner Lot
  • Subdivision Name: 15 - Las Canoas/El Cielito
  • Property Information Apx # Acres: 1.83
  • NeighborhoodSchools Elementary School: Roosevelt
  • NeighborhoodSchools Junior High School: S.B. Jr.
  • NeighborhoodSchools High School: S.B. Sr.
  • View Mountain(s)2: Yes
  • Utility Info Water: Yes
  • View Panoramic2: Yes
  • Site Improvements Util At Site: Yes
  • Utility Info Electric2: Yes
  • Utility Info Cable2: Yes
  • Proximity Near Park(s)2: Yes
  • LocationTopo Corner Lot2: Yes
  • WaterSewer Septic In: Yes
  • ViewOcean: Yes
  • View Setting3: Yes
  • Utility Info Gas6: Yes
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • View: Mountain(s), Ocean, Panoramic, Setting
  • Acres: 1.83

Utilities

  • Water Source: SB Wtr

Schools

  • Elementary School: Roosevelt
  • High School: S.B. Sr.
  • Middle Or Junior School: S.B. Jr.

Lot Info

  • Parcel #: 021-050-028
  • Zoning: R-1
  • Lot Size Sq Ft: 79714.8

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 3, 2024
Closed on
Apr 25, 2025
Sold by
Orion Bay Estates Iii Llc
Bought by
Parris Family Trust and Parris
Seller's Agent
Michelle King
Village Properties
Buyer's Agent
Michael Hebert
Douglas Elliman of California, Inc.
List Price
$2,595,000
Sold Price
$1,250,000
Premium/Discount to List
-$1,345,000
-51.83%
Views
104
Current Estimated Value
$2,095,415

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$845,415
Avg. Annual Appreciation
291.93%

Purchase Details

Closed on
Apr 6, 2021
Sold by
Murrey Charles and The Charles Murrey Trust
Bought by
Orion Bay Estates Iii Llc

Purchase Details

Closed on
Jan 26, 2021
Sold by
Stephen Richard Syson and Stephen Nanci Ellen
Bought by
Charles Murrey Trust and Murrey

Purchase Details

Closed on
Jun 20, 2003
Sold by
Syson Stephen R and Syson Nanci E
Bought by
Syson Stephen Richard and Syson Nanci Ellen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
5.26%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Aug 24, 2001
Sold by
Syson Stephen Richard and Syson Nanci Ellen
Bought by
Syson Stephen Richard and Syson Nanci Ellen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$650,000
Interest Rate
7.09%

Purchase Details

Closed on
Apr 4, 1998
Sold by
Syson Stephen R and Syson Nanci E
Bought by
Syson Stephen Richard and Syson Nanci Ellen
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Grant Deed $1,250,000 Fidelity National Title Compan
Grant Deed -- Accommodation
Grant Deed -- Usa National Title
Interfamily Deed Transfer -- --
Interfamily Deed Transfer -- Fidelity National Title Co
Interfamily Deed Transfer -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $177,500 New Conventional
Previous Owner $1,500,000 Fannie Mae Freddie Mac
Previous Owner $350,000 Credit Line Revolving
Previous Owner $150,000 Credit Line Revolving
Previous Owner $1,000,000 Unknown
Previous Owner $100,000 Credit Line Revolving
Previous Owner $650,000 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/02/2025 05/02/25 Sold $1,250,000 -20.6% --
03/19/2025 03/19/25 Pending -- -- --
02/26/2025 02/26/25 Price Changed $1,575,000 -3.1% --
01/24/2025 01/24/25 Price Changed $1,625,000 -9.5% --
11/18/2024 11/18/24 Price Changed $1,795,000 -5.3% --
10/01/2024 10/01/24 Price Changed $1,895,000 -13.7% --
07/08/2024 07/08/24 Price Changed $2,195,000 -10.4% --
06/07/2024 06/07/24 Price Changed $2,450,000 -5.6% --
05/03/2024 05/03/24 For Sale $2,595,000 -- --
Source: Santa Barbara Multiple Listing Service

Tax History Compared to Growth

Source: Public Records

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 $9,443 $893,005 $838,884 $54,121
2023 $9,443 $858,330 $806,310 $52,020
2022 $9,107 $841,500 $790,500 $51,000
2021 $4,419 $408,868 $353,656 $55,212
2020 $4,689 $434,676 $350,030 $84,646
2019 $4,611 $426,742 $343,167 $83,575
2018 $4,548 $418,965 $336,439 $82,526
2017 $4,403 $411,340 $329,843 $81,497
2016 $4,372 $403,865 $323,376 $80,489
2014 $4,263 $391,038 $322,799 $68,239
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Santa Barbara Multiple Listing Service

MLS Number: 24-1392

Santa Barbara Multiple Listing Service

APN: 021-050-028