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$2,195,000
3 Beds ⋅ 2 Baths
Discover this hidden-in-plain-sight Santa Barbara treasure - a historic piece of architecture owned by the same family for over 80 years, for sale for the 1st time since 1944! The home appears seemingly lost in time at the edge of the Upper East as it rises to the Lower Riviera, now available for the next owner to revive the home to a new splendor. Built around 1912 in a Vernacular Craftsman style, the rustic board-and-batten wood exterior is immediately distinctive on the 1st story, with a Greene & Greene-style shingling and design motif on the 2nd story. A church-like window graces the front of the home and upon entering you are greeted by a wood-paneled 2-story cathedral style grand living room. A large traditional dining room and upstairs bedrooms continue the rich paneled interior décor, which can be preserved and incorporated, or re-imagined differently in a buyer's renovation. The nearly 3,000 square-foot home has been approved to be eligible for Mills Act status, to potentially significantly reduce the property taxes and help offset some of the upgrade expenses. A pleasant surprise is the ocean views from the expansive 2nd story terrace, as well as a generous-sized backyard with mature trees. The premier location is only 6-7 blocks to downtown's Theater/Arts District with its acclaimed performing arts venues and numerous fine dining restaurants, and within 2-3 blocks to notable City parks. For the buyer who yearns for an historic home with its own special identity, 512 East Arrellaga offers an intriguing opportunity to bring the magic back to life!

512 E Arrellaga Street, Santa Barbara

Listing courtesy of Berkshire Hathaway HomeServices California Properties.

$6,750,000
Prime opportunity for the savvy developer/investor to take advantage of the new flexible Adaptive Re-Use ordinance and favorable R-M zoning, to re-purpose inside the walls of a classic historic building into apartments or condominiums. As one of Santa Barbara's most treasured and unique properties, in an A++ location where downtown transitions to the Upper East and directly across from Alick Keck Park gardens, ''The McCormick House'' has been used commercially since the late 1960's as an art education center. The approx. 12,500+/-SF structure (incl. full ceiling height lower level) had a major systems renovation in the 1990's. Mills Act potential property tax reduction may add to the investment benefits. Contact agents for details and examples. Floorplans and ARU code under Documents.

1600 Santa Barbara Street, Santa Barbara

Listing courtesy of Berkshire Hathaway HomeServices California Properties.

$6,750,000
4 Beds ⋅ 5 Baths
Poised at the crossroads of Santa Barbara's Upper East and downtown and across from Alice Keck Park gardens, and now for sale for the 1st time in its 85-year history, the McCormick House is a unique treasure and legacy estate opportunity. Built in 1940 in a Minimal Traditional design with enduring elegance by architect Chester Carjola for the purpose of a wellness center, the structure was converted to a residence in the 1950's, then used since the 1970's as an art education center. Zoned for residential or multi-family on 0.72 acres, the ~12,500+/-SF structure is ready to be re-imagined as a one-of-a-kind grand estate, moments from parks, theaters and dining. This is a rare opportunity to own a piece of Santa Barbara's architectural and philanthropic heritage - while shaping its future.

1600 Santa Barbara Street, Santa Barbara

Listing courtesy of Berkshire Hathaway HomeServices California Properties.