This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
1/1
$3,125,000
This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
1/1
Property Description
Between the sea breeze of the Funk Zone and the timeless charm of the Montecito Post, The Sea Captain's House offers 5 bedrooms and 2.5 baths across two units and approximately 3,100 square feet. Average annual rental income ranges from $100,000 to $150,000 after expenses. Restored with care in 2019, the 1911 home balances original craftsmanship with modern coastal living. The main residence features 3 bedrooms and 1.5 baths, with light spilling through picture windows and wood-beamed ceilings adding warmth to every gathering space. Upstairs, a separate 2 bedroom 1 bath unit includes its own kitchen and living area, filled with natural light and a bright, airy feel, perfect for extended family, private guest quarters, or as a flexible rental opportunity. Framed by gardens and embraced by a classic white picket fence, the home greets you with a cheerful red Dutch door. Inside, character and charm unfold in every room, blending history with a sense of openness and calm. A detached garage and small art studio add flexibility for work, hobbies, or quiet retreat. Steeped in nostalgia yet refreshed for modern life, The Sea Captain's House is more than a residence, it's a story of light, charm, and coastal living carried forward for generations. Additionally, this property is a turnkey legal short-term vacation rental property in the Coastal Zone that's been generating steady and substantial monthly income over the past five years. Don't miss this rare high-quality and high-performing investment opportunity.
Full Property Details
Full Property Details for 428 Corona Del Mar
General
- Sold For: $3,125,000
- Status: Closed
- Type: Multi-Family
- Source: SBAOR
- MLS ID: 25-4146
- Added to Site: 111 day(s) ago
Interior
- Flooring: Carpet, Other, Wnd/Cv Prt
Rooms
Other Rooms
- Laundry: In Unit
Location
- Area: 15 - SB/EAST OF STATE
- County: Santa Barbara
- Cross Streets: Orilla Del Mar
School Information
- Elementary School: Cleveland
- Middle School: S.B. Jr.
- High School: S.B. Sr.
Structural Information
- Foundation: Pier & Post, Raised
- Year Built: 1911
Lot Features
- Lot Features: Near Public Transit
- Zoning: Other
Financial Considerations
- Terms: Cash, Conventional
Disclosures and Reports
- Property ID: 017-321-005
Listed by Berkshire Hathaway HomeServices California Properties
Sold by Non Member Office
Get Pre-Approved Today
Schools
Schools serving 428 Corona Del Mar
School District:Santa Barbara Unified School District
| Name | Grades | Distance |
|---|---|---|
Cleveland Elementary School, Santa Barbara, CA 123 Alameda Padre Serra, Santa Barbara, CA 93103 | PK-6 | 0.7 mi |
Santa Barbara Junior High School 721 East Cota Street, Santa Barbara, CA 93103 | 7-8 | 1.1 mi |
Santa Barbara Senior High School 700 East Anapamu Street, Santa Barbara, CA 93103 | 9-12 | 1.6 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 428 Corona Del Mar
Date
Details
Price
Change
Source
2/24/2026
Sold
$3,125,000
-8.06%
MLS
11/13/2025
Listed
$3,399,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
428 Corona Del Mar, Santa Barbara, CA 93103 (MLS# 25-4146) is a Multi-Family property that was sold at $3,125,000 on February 24, 2026. Want to learn more about 428 Corona Del Mar? Do you have questions about finding other Multi-Family real estate for sale in East Of State? You can browse all East Of State real estate or contact a Coldwell Banker agent to request more information.

