$2,699,000
Unveiling a rare and premier development opportunity in the hillside heart of Summerland, 2482 Shelby Street offers an expansive canvas for a high-yield residential project. This exceptional parcel boasts 360-degree panoramic views that sweep across the Pacific Ocean, the Channel Islands, and the dramatic Santa Ynez mountain range. As a unique through-lot extending from Shelby Street to Golden Gate Avenue, the property provides the rare luxury of dual street access and unparalleled flexibility for site planning and construction. Situated in a quiet and highly supply-constrained enclave, this location is defined by a sophisticated yet relaxed coastal lifestyle that remains in high demand.This is a true developer's project, featuring comprehensive plans currently in process with the city for two modern duplexes and two detached accessory dwelling units (ADUs). This strategic four-unit configuration maximizes the R-2 zoning and the property's unique topography, offering an incredible opportunity to capitalize on the area's strong rental and resale markets. The property is exceptionally well-prepared for development, featuring connections to public sewer, gas, and water with meters already established on-site to further streamline the transition to construction. The land's gentle downslope is a critical asset, ensuring that the breathtaking ocean vistas remain permanent and unobstructed for all future units.The envisioned "California Modern" design integrates seamlessly with the natural landscape, featuring expansive floor-to-ceiling glass systems to maximize natural light and coastal breezes across the site. Whether the goal is to build a high-end multi-generational compound, a luxury income-producing portfolio, or a landmark residential estate, this property represents the pinnacle of potential. Experience the serenity of Summerland, located just minutes from the boutiques of Lillie Avenue and a short drive to the exclusive amenities of Montecito and Santa Barbara, while taking advantage of a project that is already well on its way through the municipal pipeline.
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Listed by Jacob Klentner with Westside Estate Agency Inc. (310) 247-7770
Property Type
Land
Status
Active
MLS Number
26719797
Year Built
N/A
Lot Size
10,019 sq ft