New Luxury Bank Owned Opportunity - Montecito Foreclosure with Great Views $3.5 Million

One of the few luxury banked owned homes to come onto the market happened this last week.  The bank will be taking a look at offers early this coming week.  Wonderful ocean, harbor and city views on roughly 1.3+/-acres.  Currently under construction although much of the home is complete.  3 bedrooms, 2.5 baths with a guest home, 3 car garage which is still under construction and in the beginning stage of being converted into a 2 bedroom guest home.  Can be converted back to garage or will need to submit permits to continue work.  This is a true opportunity. UPDATE:  This home sold with multiple offers at asking price of $3.5 million. View Listing Further Reading:

  1. Any Luxury Homes in Foreclosure in Montecito CA?
  2. How is the Hope Ranch Real Estate Market Holding Up with Short Sales and Foreclosures?

For information on Real Estate here in Santa Barbara, Montecito and/or our surrounding areas, as well as any other aspects of life in our area, please don’t hesitate to contact Kevin Schmidtchen at Sotheby’s Int’l Realty. Thank you for reading.  I hope you find Santa Barbara Real Estate Voice informative. Please feel free to contact me or comment below with any thoughts. Subscribe to Receive Personal Listings of Santa Barbara Area Properties Search the Santa Barbara Area MLS

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