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$6,750,000 Just Listed

  • For Sale
  • Active
  • Business
  • 5,918 Sq. Ft.
  • 0.22 Acres
  • Updated 3 days ago
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Blue Sands Inn is a boutique hospitality investment opportunity in Santa Barbara, featuring a 12-key property with full entitlements for the potential addition of a 13th key. The asset can continue operating in its current configuration, providing flexibility for a buyer to implement improvements over time or pursue a repositioning strategy aligned with their vision. Located near East Beach and Santa Barbara's primary tourism corridors, the property benefits from strong year-round demand and limited new hotel supply. The existing entitlements provide a clear path to enhance the asset, increase room count, and drive ADR growth in one of California's most desirable coastal markets. Do not disturb management.

Full Property Details for 421 S Milpas St

General

  • Price: $6,750,000
  • Status: Active
  • Type: Business
  • Source: SBAOR
  • MLS ID: 26-1330
  • Updated: 4/24/2026
  • Added to Site: 4 day(s) ago

Business

  • Business Type: Hotel/Motel

Parking

  • Parking Features: Public Lot, Uncovered

Location

  • Area: 20 - SB/WEST OF STATE
  • County: Santa Barbara
  • Cross Streets: E Cabrillo Blvd
  • Driving Directions: From US-101 (N or S) Take Exit 96B for Milpas St toward Los Angeles/Beaches, head S on S Milpas Street toward the ocean. Continue for about 0.5 miles & the inn will be on your right

Structural Information

  • Square Feet: 5,918
  • Year Built: 1954

Lot Features

  • Lot Size (Acres): 0.22
  • Lot Size (Sq. Ft.): 9,583.2
  • Lot Size: .22
  • Zoning: Other

Financial Considerations

  • Terms: Cash, Conventional

Disclosures and Reports

  • Property ID: 017-313-012

Listed by Western Hotel Brokers, Inc.

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Listing agent

— 421 S Milpas St —

  • Western Hotel Brokers, Inc.

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 421 S Milpas St

School District:Santa Barbara Unified School District
NameGradesDistance
Cleveland Elementary School, Santa Barbara, CA
123 Alameda Padre Serra, Santa Barbara, CA 93103
PK-60.8 mi
Santa Barbara Junior High School
721 East Cota Street, Santa Barbara, CA 93103
7-81.1 mi
Santa Barbara Senior High School
700 East Anapamu Street, Santa Barbara, CA 93103
9-121.6 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 421 S Milpas St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
4/24/2026
Listed
$6,750,000
12.59%
MLS
8/11/2022
Sold
$5,995,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 421 S Milpas St

Year
Property Taxes
Change
Tax Assessment
Change
2025
$66,448
2%
$6,297,198
2%
2024
$65,326
3%
$6,174,900
3%
2023
$63,520
7%
$5,995,000
7%
2022
$59,605
2%
$5,611,069
2%
2021
$58,345
1%
$5,510,760
1%
2020
$57,892
2%
$5,468,185
4%
2019
$57,019
21%
$5,282,015
20%
2018
$47,240
19%
$4,406,094
18%
2017
$39,639
3%
$3,744,671
2%
2016
$38,572
1%
$3,671,247
2%
2015
$38,146
2%
$3,616,103
2%
2014
$37,521
—
$3,545,269
—
2013
$37,353
—
$3,549,047
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost for 421 S Milpas St

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*These costs are estimates, and the interest rates assume exceptional credit standing.

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Listed by Western Hotel Brokers, Inc.

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421 S Milpas Street, Santa Barbara, CA 93103 (MLS# 26-1330) is a Business property. 421 S Milpas Street is currently listed for $6,750,000 and was received on April 24, 2026. Want to learn more about 421 S Milpas Street? Do you have questions about finding other Business real estate for sale in West of State? You can browse all West of State real estate or contact a Coldwell Banker agent to request more information.

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