This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
1/1
$1,200,000
This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
1/1
Property Description
Located in the heart of Santa Barbara, 509 Coronel Place presents an exceptional opportunity for both owner-users and investors looking to capitalize on the potential of an R-4 zoned lot, which allows for the development of multiple residential units in a city known for its strong real estate market and high demand for housing. This property currently features a charming 2-bedroom, 1-bathroom California cottage that exudes classic architectural charm and offers immediate livability while also serving as an excellent foundation for future development. Take advantage of this investment opportunity in a prime Santa Barbara location. Perfectly positioned just minutes from Santa Barbara City College, downtown and the beach, this property offers an unbeatable blend of convenience. Plus access to all conveniences. The R-4 zoning provides excellent upside for investors looking to maximize the lot's potential with future development or expansion (buyer to verify with City). The property has the electrical upgraded to 240 V.
Full Property Details
Full Property Details for 509 Coronel Pl
General
- Sold For: $1,200,000
- Status: Closed
- Type: Single Family
- Source: SBAOR
- MLS ID: 24-2353
- Added to Site: 548 day(s) ago
Interior
- Appliances: Refrigerator, Disposal, Gas Stove
- Flooring: Hardwood
Rooms
Bathrooms
- Total Bathrooms: 1
- Full Bathrooms: 1
Bedrooms
- Total Bedrooms: 2
Other Rooms
- Laundry: 220V Elect, Laundry Room, In Unit
Additional Information
- Improvements: PAved, Public, SideWalks, Street Lights, Cable
- Security/Safety: Smoke Detector
Exterior
- Exterior Features: Dog Run, Fruit Trees, Fenced: ALL, Fenced: BCK
Parking
- Parking Features: Gar #1, Detached
Location
- Area: 20 - SB/WEST OF STATE
- County: Santa Barbara
- Cross Streets: Rancheria
- Driving Directions: Take Cliff Dr. to Rancheria to Coronel
School Information
- Elementary School: McKinley
- Middle School: LaCumbre
- High School: San Marcos
Community
- Pets Allowed: Yes
- Pet Restrictions: Yes
Heating & Cooling
- Air Conditioning: Yes
- Cooling Type: Ceiling Fan(s)
Utilities
- Water: SB Wtr
Structural Information
- # Buildings: 1
- Architectural Style: Cal Cottage, Craftsman
- Construction: Wood Siding
- Exterior Const.: Wood Siding
- Foundation: Raised, Pier & Post
- Roof: Composition
- Windows: Blinds
- Square Feet: 862
- Living Area: 862 Sq. Ft.
- Year Built: 1881
- Property Condition: Good
Additional Structures
- Other Structures: Other, Work Shop
Lot Features
- Property View: Setting
- Lot Size (Acres): 0.17
- Lot Size (Sq. Ft.): 7,405
- Lot Size: 7405
- Lot Features: Level, Near Public Transit
- Zoning: R-4
Financial Considerations
- Terms: Cash, Conventional
Disclosures and Reports
- Property ID: 037-180-012
Listed and Sold by Berkshire Hathaway HomeServices California Properties
Get Pre-Approved Today
Schools
Schools serving 509 Coronel Pl
School District:Santa Barbara Unified School District
| Name | Grades | Distance |
|---|---|---|
McKinley Elementary School, Santa Barbara, CA 350 Loma Alta Drive, Santa Barbara, CA 93109 | PK-6 | 0.2 mi |
La Cumbre Junior High School 2255 Modoc Road, Santa Barbara, CA 93101 | 7-8 | 1.8 mi |
San Marcos Senior High School 4750 Hollister Avenue, Santa Barbara, CA 93110 | 9-12 | 5.4 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 509 Coronel Pl
Date
Details
Price
Change
Source
8/14/2025
Sold
$1,200,000
-7.66%
MLS
6/25/2025
Price Reduced
$1,299,500
-3.71%
MLS
6/06/2025
Price Reduced
$1,349,500
-3.54%
MLS
4/07/2025
Price Reduced
$1,399,000
-6.73%
MLS
2/14/2025
Price Reduced
$1,500,000
-9.09%
MLS
1/28/2025
Price Reduced
$1,650,000
-5.71%
MLS
9/30/2024
Price Reduced
$1,750,000
-7.89%
MLS
8/02/2024
Price Reduced
$1,900,000
-13.64%
MLS
7/17/2024
Listed
$2,200,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
509 Coronel Place, Santa Barbara, CA 93101 (MLS# 24-2353) is a Single Family property that was sold at $1,200,000 on August 14, 2025. Want to learn more about 509 Coronel Place? Do you have questions about finding other Single Family real estate for sale in Santa Barbara? You can browse all Santa Barbara real estate or contact a Coldwell Banker agent to request more information.

