NOT LISTED FOR SALE

2108 Gibraltar Rd Santa Barbara, CA 93105

Cielito Neighborhood

Estimated Value: $1,159,000 - $4,505,000

1.83 Acres
$1,494,568 Price per Acre
79,715 Sq Ft Lot

Sale Details

Date Sold: May 2, 2025

Last sale price $1,250,000

Est. 119% increase in value since last sale

Current estimated payment $15,703 / mo

319 Days on Market

Highlights

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

Lot Details

  • 1.83 Acre Lot
  • Corner Lot

Property Views

  • Ocean
  • Panoramic
  • Mountain

Location

  • Property is near 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

Lot Details

1.83 Acres

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
May 3, 2024
Closed on
Apr 25, 2025
Sold by
Bought by
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
$2,735,059

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,485,059
Avg. Annual Appreciation
93.09%

Purchase Details

Closed on
Apr 6, 2021
Sold by
Bought by

Purchase Details

Closed on
Jan 26, 2021
Sold by
Bought by

Purchase Details

Closed on
Jun 20, 2003
Sold by
Bought by

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
0.0526%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Aug 24, 2001
Sold by
Bought by

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
0.0709%

Purchase Details

Closed on
Apr 4, 1998
Sold by
Bought by
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$1,250,000 Fidelity National Title Compan
-- Accommodation
-- Usa National Title
-- --
-- Fidelity National Title Co
-- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $177,500
Previous Owner $1,500,000
Previous Owner $350,000
Previous Owner $150,000
Previous Owner $1,000,000
Previous Owner $100,000
Previous Owner $650,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $9,610 $1,275,000 $1,173,000 $102,000
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

  • Michelle King

    Seller's Agent in 2025

    Michelle King

    Village Properties

    (805) 455-8818

    2 in this area

    19 Total Sales

    Michelle King
    Section Image
  • Michael Hebert

    Buyer's Agent in 2025

    Michael Hebert

    Douglas Elliman of California, Inc.

    (805) 755-3456

    2 in this area

    20 Total Sales

    Michael Hebert
    Section Image
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Map

Source: Santa Barbara Multiple Listing Service

MLS Number: 24-1392

Santa Barbara Multiple Listing Service

APN: 021-050-028

California Santa Barbara County Santa Barbara 93103 Cielito

2108 Gibraltar Rd, Santa Barbara, CA

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