$6,000,000
SOLD SEP 30, 2025
-- Bed
4 Baths
89,272 Sq Ft
9.13 Acres

Recently Sold

$67 Per Sq Ft

13% Below List Price

200 Days on Market

Highlights

  • Ocean View
  • 9.13 Acre Lot
  • Barn Office
  • RV Access or Parking
  • Home Office
  • Packing Shed

About This Home

As of September 2025

Island View Ranch, across the road from the Santa Barbara Polo & Racquet Club and Polo Condos. Property is +/-9 Acres with +/-89,272 SF under-roof consisting of greenhouses, offices and retail.

Bankruptcy Sale Subject to Court Confirmation: See Sale Terms.

Last Agent to Sell the Property

Jon Ohlgren

Radius Group Commercial R.E. License #01464358 Listed on: 02/06/2025

Radius Group Commercial R.E.

Last Buyer's Agent

Jason Siemens

Sotheby's International Realty License #01886104

Sotheby's International Realty

Home Details

Home Type

  • Single Family

Lot Details

  • 9.13 Acre Lot
  • Level Lot
  • Property is in excellent condition

Parking

  • RV Access or Parking

Property Views

  • Ocean
  • Island
  • Panoramic
  • Mountain

Interior Spaces

  • 4 Bathrooms
  • 89,272 Sq Ft Home
  • Home Office

Farming

  • Barn Office
  • Packing Shed

Utilities

  • Septic System

Listing and Financial Details

  • Assessor Parcel Number 005-280-026

Home Details

Home Type

Single Family

Lot Details

0

Listing Details

  • Prop. Type: Residential
  • Reso Property Sub Type: Home/Estate
  • ResoLotFeatures: Level
  • New Construction: No
  • Reso Other Structures: Warehouse, Packing Shed, Ranch Office
  • Reso Property Condition: Excellent
  • Property Information Apx # Acres: 9.13
  • NeighborhoodSchools Elementary School: Other
  • NeighborhoodSchools Junior High School: Other
  • NeighborhoodSchools High School: Other
  • View Mountain(s)2: Yes
  • View Panoramic2: Yes
  • LocationTopo Level: Yes
  • Property Information ADU: No
  • Property Information Within City Limits: No
  • Condition Excellent: Yes
  • Rooms Office3: Yes
  • WaterSewer Septic In: Yes
  • Other Buildings Ranch Office2: Yes
  • ViewOcean: Yes
  • View Islands: Yes
  • Pets Yes: Yes
  • ParkingGarage RV: Yes
  • Other Buildings Packing Shed2: Yes
  • Status Information Seller Concessions3: No
  • Special Features: None
  • Property Sub Type: Detached

Exterior Features

  • View: Mountain(s), Islands, Ocean, Panoramic
  • Acres: 9.13
  • Topography: Level

Garage/Parking

  • Attached Garage: No
  • Parking Features: RV

Utilities

  • Water Source: Carp Wtr

Schools

  • Elementary School: Other
  • High School: Other
  • Middle Or Junior School: Other

Lot Info

  • Parcel #: 005-280-026
  • Zoning: Other
  • Lot Size Sq Ft: 397702.8
  • ResoLotSizeUnits: Acres

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 6, 2025
Closed on
Sep 16, 2025
Sold by
Island View Ranch Llc and Condo Properties Llc
Bought by
Well Santa Barbara Llc
Seller's Agent
Jon Ohlgren
Radius Group Commercial R.E.
Buyer's Agent
Jason Siemens
Sotheby's International Realty
List Price
$6,900,000
Sold Price
$6,000,000
Premium/Discount to List
-$900,000
-13.04%
Views
123

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
63.14%
Original Mortgage
$1,250,000
Outstanding Balance
$1,248,887
Interest Rate
6.58%
Mortgage Type
Seller Take Back
Estimated Equity
$5,532,113

Purchase Details

Closed on
Feb 5, 2019
Sold by
Overbach Irwin M and Overbach Yolanda A
Bought by
Island View Ranch Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$4,400,000
Interest Rate
4%
Mortgage Type
Unknown

Purchase Details

Closed on
Nov 11, 2015
Sold by
Overbach Irwin M and Overbach Yolanda A
Bought by
Overbach Family Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,200,000
Interest Rate
3.93%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 3, 2003
Sold by
Stewart William A
Bought by
Overbach Irwin M and Overbach Yolanda A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,516,000
Interest Rate
5.73%
Mortgage Type
Commercial
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

Date Type Sale Price Title Company
Grant Deed $6,000,000 Orange Coast Title
Grant Deed $6,025,000 First American Ttl Co Syngro
Interfamily Deed Transfer -- Orange Coast Title Company
Grant Deed $1,900,000 Fidelity National Title Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $1,250,000 Seller Take Back
Previous Owner $4,400,000 Unknown
Previous Owner $1,200,000 Commercial
Previous Owner $1,516,000 Commercial
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/30/2025 09/30/25 Sold $6,000,000 -13.0% $67 / Sq Ft
08/25/2025 08/25/25 Pending -- -- --
02/06/2025 02/06/25 For Sale $6,900,000 -- $77 / Sq Ft
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 $70,671 $6,681,954 $4,869,238 $1,812,716
2023 $70,671 $6,422,487 $4,680,160 $1,742,327
2022 $68,489 $6,296,557 $4,588,393 $1,708,164
2021 $66,528 $6,173,096 $4,498,425 $1,674,671
2020 $65,850 $6,109,800 $4,452,300 $1,657,500
2019 $27,514 $2,466,865 $1,817,695 $649,170
2018 $27,065 $2,418,496 $1,782,054 $636,442
2017 $26,569 $2,371,075 $1,747,112 $623,963
2016 $26,097 $2,324,584 $1,712,855 $611,729
2015 $25,798 $2,289,668 $1,687,127 $602,541
2014 $24,327 $2,244,818 $1,654,079 $590,739
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Santa Barbara Multiple Listing Service

MLS Number: 25-561

Santa Barbara Multiple Listing Service

APN: 005-280-026