SOLD - $1,900,000

1278 East Valley Road, Montecito - Offered at $1,795,000
Level and Usable .21± acres | Carriage House

At A Glance:

Potential building development in central Montecito

Montecito building potential with existing 1912 Carriage House.

Create your dream getaway on this .21± acre lot, with mountain views and dotted with oak trees, fenced and surrounded by mature landscaping.

Blocks from the Upper Village, you may not be able to find a more affordable way to live in the heart of Montecito.

WHAT YOU'LL FALL IN LOVE WITH:

Existing income potential

There is an existing Carriage House on the property with an oversized two-car garage and a two-bedroom apartment upstairs with remodeled kitchen and bathroom.

Enjoy a current income stream from rented apartment while you obtain building permits for a main house and possibly an ADU.

THE LOCATION:

Development opportunity potential

This .21 acre level lot plus shared access easement is a one of a kind opportunity to build in the heart of Montecito. The level building area behind the carriage house is fenced with mature vegetation around it. There are utilities to the site. Buyer to do their own due diligence, but Montecito floor area ratio guidelines indicate a 2350 sq ft structure may be possible. ADU laws also present opportunities.

Carriage house is tenant occupied. Please do not walk on property..