726 Castillo St, Santa Barbara, CA, 93101
About This Home
First time on the market in over 50 years! A unique opportunity for a developer builder to reimagine this property in downtown Santa Barbara. This property could be a fabulous opportunity for a family compound! Property sits on a large fairly flat approximately 10,000.00 +_sq.ft. lot with mountain views. The lot runs into Mission creek. It is zoned R3 multi-unit/hotel. 88 Walk score and 99 bike score paradise. Currently existing original size 2-bedroom 1-bathroom main home and two separate bungalow studios. They all need to be restored and renewed to their original charm. Opportunity to build-out parcel or re-build from scratch considering high density rules. Located near Santa Barbara's downtown, Funk zone, Harbor, Pier, local beaches and SBCC No financing. Appointment only.
Getting Around
Walker's Paradise
Good Transit
Biker's ParadiseSchools
Construction
Materials
- Foundation: Partial
- Roof: Composition
- Construction materials: Wood Siding
Type & Style
- Home type: SingleFamily
- Property subType: Single Family Residence
Interior
Appliances
- Laundry features: None
Bedroom2
- Level: 1
- Area: 130
- Dimensions: 13 x 10
Bedrooms & Bathrooms
- Bedrooms: 2
- Bathrooms: 1
- Full bathrooms: 1
Dining Room
- Level: 1
- Area: 100
- Dimensions: 10 x 10
Features
- Other
- Flooring: Carpet,Laminate
- Fireplace: Yes
Heating & Cooling
- Heating features: None
- Cooling features: None
Interior Area
- Total structure area: 0
Living Room
- Level: 1
- Area: 100
- Dimensions: 10 x 10
Other
- Level: 1
- Area: 144
- Dimensions: 12 x 12
Other
- Level: 1
- Area: 400
- Dimensions: 20 x 20
Primary Bedroom
- Level: 1
- Area: 120
- Dimensions: 12 x 10
Property
Details
- Parcel number: 037073022
- Zoning description: Multi-Fam R3,Other,Res Multi-Family,Multi-Fam R4
- Special condition: Estate Sale,Agent Rel/Princ
- Exclusions: Stove And Butcher Block Table
Features
- Stories: 2
- Entry location: Stairs to Entry
- Fencing: Fenced Yard
- Has view: Yes
- View description: Hill/Peak/Mnt,Partial/Filtered
- Waterfront features: Creek/Stream
Lot
- Lot size: 10,018 sqft
- Features: Level,Sidewalks,Street Lights,Curbs/Gutter
Parking
- Parking features: Drive Space
- Has uncovered spaces: Yes
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Inland Flooding
- Earthquake
- Landslide
How This Home’s Risks Compare
FEMA Declared Disasters in Santa Barbara County and California
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $12,641 | $151,692 |
| Home Insurance * | $256 | $3,072 |
| Property Taxes | $2,162 | $25,944 |
| Electricity | $398 | $4,786 |
| Total | $15,457 | $185,484 |
Income You'd Need if You Spent...
California FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-08-01 | Listed for sale | $2,500,000 |
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