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The Wilkas Group - Lenore & Alexander Wilkas

wilkasgroup@lilyfieldre.com +1(760) 407-2100

$ 1,500,000

Est. payment -/mo

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Price Dropped by $150K

509 Coronel PL Santa Barbara, CA 93101

2 Beds

1 Bath

862 SqFt

UPDATED:

02/20/2025 06:49 PM

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 862 sqft

Price per Sqft $1,740

MLS Listing ID V1-24680

Bedrooms 2

Full Baths 1

Construction Status Updated/Remodeled

HOA Y/N No

Year Built 1881

Lot Size 7,405 Sqft

Lot Dimensions Public Records

Property Sub-Type Single Family Residence

Property Description

509 Coronel Place in Santa Barbara represents a prime opportunity for the development of luxury condominiums or upscale apartments, capitalizing on its exceptional location, high market demand, and the city's reputation for sophistication and charm. Situated in a peaceful yet accessible area, the property offers unparalleled potential to create high-end residences that cater to affluent buyers and renters seeking a harmonious blend of elegance, convenience, and the relaxed coastal lifestyle synonymous with Santa Barbara. The site's proximity to key amenities such as pristine beaches, renowned restaurants, boutique shopping, cultural venues, and highly rated schools enhances its desirability for professionals, retirees, and second-home buyers alike, who value both accessibility and exclusivity. The growing demand for luxury housing in Santa Barbara, driven by a combination of limited inventory and the allure of a city known for its Mediterranean-inspired ambiance, positions 509 Coronel Place as an ideal canvas for a thoughtfully executed residential project. Developers could explore concepts such as boutique condominiums with spacious layouts, private balconies, and resort-style amenities like rooftop terraces, landscaped courtyards, fitness centers, and secure parking, or a luxury apartment complex featuring modern smart-home technology, high-end finishes, and co-working spaces tailored to the needs of contemporary urban dwellers. Sustainability could be a defining feature of the development, incorporating energy-efficient systems, solar panels, water-saving landscaping, and eco-conscious construction materials to align with Santa Barbara's environmental values while appealing to a forward-thinking clientele. The project could also integrate mixed-use elements, such as ground-floor retail or boutique office spaces, to enhance community engagement and create a dynamic living environment. While navigating Santa Barbara's zoning and regulatory requirements will require careful planning and collaboration with city officials, developers can gain community support by emphasizing architectural harmony with the surrounding neighborhood and prioritizing low-impact, aesthetically pleasing designs. Addressing challenges such as density concerns and construction costs with innovative solutions will be critical to ensuring the project's success while maximizing return on investment in one of California's most lucrative real estate markets.

Location

State CA

County Santa Barbara

Area Vc81 - Santa Barbara

Zoning R-4

Rooms

Other Rooms Outbuilding, Workshop

Main Level Bedrooms 2

Interior

Interior Features Ceiling Fan(s), Separate/Formal Dining Room, Laminate Counters, Open Floorplan, Unfurnished, All Bedrooms Down, Bedroom on Main Level, Galley Kitchen, Main Level Primary, Walk-In Closet(s)

Heating Central, Forced Air, Natural Gas

Cooling None

Flooring Vinyl, Wood

Fireplaces Type None

Inclusions None

Fireplace No

Appliance Gas Oven, Gas Range, Gas Water Heater, Refrigerator, Water To Refrigerator, Water Heater

Laundry Electric Dryer Hookup, Gas Dryer Hookup, Inside, Laundry Room

Exterior

Exterior Feature Barbecue

Parking Features Door-Single, Garage, Off Street, Other, Paved

Garage Spaces 1.0

Garage Description 1.0

Fence Average Condition, Cross Fenced, Good Condition, Wood

Pool None

Community Features Curbs, Storm Drain(s), Street Lights, Sidewalks

Utilities Available Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected, Overhead Utilities

View Y/N No

View None

Roof Type Composition

Accessibility Grab Bars, Parking, Accessible Approach with Ramp

Porch Rear Porch, Front Porch, Open, Patio, Porch, Wood

Attached Garage No

Total Parking Spaces 2

Private Pool No

Building

Lot Description 2-5 Units/Acre, Back Yard, Front Yard, Garden, Near Public Transit, Rectangular Lot, Sprinklers None, Street Level, Value In Land, Walkstreet, Yard

Dwelling Type House,Mixed Use

Story 1

Entry Level One

Foundation Pillar/Post/Pier, Raised

Sewer Public Sewer

Water Public

Architectural Style Cottage, Craftsman, Ranch, Patio Home

Level or Stories One

Additional Building Outbuilding, Workshop

Construction Status Updated/Remodeled

Schools

Elementary Schools Call Agent

Middle Schools Call Agent

High Schools Call Agent

Others

Senior Community No

Tax ID 037180012

Security Features Carbon Monoxide Detector(s),Smoke Detector(s)

Acceptable Financing Cash, Cash to New Loan

Listing Terms Cash, Cash to New Loan

Special Listing Condition Standard

Virtual Tour https://my.matterport.com/show/?m=CNPc4dqtRK8

Listed by Anthony Bordin • Berkshire Hathaway HomeServices California Properties

The Wilkas Group - Lenore & Alexander Wilkas

Real Estate Advisors | License ID: DRE 01343201 & 01355442

+1(760) 407-2100

The Wilkas Group - Lenore & Alexander Wilkas

509 Coronel PL Santa Barbara, CA 93101

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

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509 Coronel PL