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428 Corona Del Mar, SANTA BARBARA, CA 93103

$3,125,000
Property Type: Res Inc Status: Closed
Current Price: $3,125,000 List Date: 11/13/2025 Last Modified: 2/24/2026

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.

Supplements: 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.

More Information MLS# 25-4146

Location Info

Country: US Compass Map: Santa Barbara Map Grid: Q12 Cross Street: Orilla Del Mar District: 15 - SB/EAST OF STATE Street #: 428 Street Name: Corona Del Mar State: CA Postal Code: 93103 County: Santa Barbara Parcel Number: 017-321-005

Contract Info

Seller Consider Concessions: Yes Current Price: $3,125,000 Price: 3399000 Begin Date: 2025-11-13 Status: Closed

Property Information

Year Built: 1911 Recurring Fees: No Number of Units: 2

Neighborhood/Schools

Elementary School: Cleveland Junior High School: S.B. Jr. High School: S.B. Sr.

Owner Info

Deposit: 3

Remarks

Hot Sheet Comment: new

Foundation

Raised: 1 Pier & Post: 1

Proximity

Near Bus: 1 Near Ocean: 1 Near Park(s): 1 Near School(s): 1 Near Shopping: 1

Laundry

In Unit: 1

Amenities

Spa: 1 Fireplace: 1 Gas Stove: 1 Dishwasher: 1 Washer: 1 Dryer: 1 Refrigerator: 1 Yd Spkl Prt: 1 Fncd Prt: 1

Unit 1

# Units: 2 # Bedrooms: 3 # Baths: 1 # Half Baths: 1 Furnished: N Rent: 0 Monthly Total: 0

Heating

Wall: 1

Unit 2

# Units: 2 # Bedrooms: 2 # Baths: 1

Zoning

Other: 1

Terms

Cash: 1 Conventional: 1

Listing Type

ER: 1

Parking Info

Gar #2: 1 Unc #2: 1

Flr/Wdw Coverings

Carpet: 1 Wnd/Cv Prt: 1 Other: 1

Status Information

Sold Date: 2026-02-24 Sold Price: $3,125,000 Under Contract Date: 2026-01-09

Property Features

Foundation: Raised; Pier & Post Parking Info: Gar #2; Unc #2 Proximity: Near Bus; Near Ocean; Near Park(s); Near School(s); Near Shopping Laundry: In Unit Amenities: Spa; Fireplace; Gas Stove; Dishwasher; Washer; Dryer; Refrigerator; Yd Spkl Prt; Fncd Prt Heating: Wall Zoning: Other Terms: Cash; Conventional Listing Type: ER
Listing Office: Berkshire Hathaway HomeServices California Properties
IDX
Last Updated: February - 24 - 2026
The data relating to real estate for sale on this web site comes from the Internet Data Exchange Program of the Santa Barbara Multiple Listing Service. Real estate listings held by brokerage firms other than the displaying broker(s) are marked with the 'MLS' logo and detailed information about them includes the name of the listing brokers. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor displaying broker shall be responsible for any typographical errors, misinformation, or misprints. 2015 Santa Barbara Multiple Listing Service. All rights reserved.

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