509 Coronel Place in Santa Barbara represents a prime opportunity for the development of luxury condominiums or upscale apartments, capitalizing on its exceptional location, high market demand, and the city’s reputation for sophistication and charm. Situated in a peaceful yet accessible area, the property offers unparalleled potential to create high-end residences that cater to affluent buyers and renters seeking a harmonious blend of elegance, convenience, and the relaxed coastal lifestyle synonymous with Santa Barbara. The site’s proximity to key amenities such as pristine beaches, renowned restaurants, boutique shopping, cultural venues, and highly rated schools enhances its desirability for professionals, retirees, and second-home buyers alike, who value both accessibility and exclusivity. The growing demand for luxury housing in Santa Barbara, driven by a combination of limited inventory and the allure of a city known for its Mediterranean-inspired ambiance, positions 509 Coronel Place as an ideal canvas for a thoughtfully executed residential project. Developers could explore concepts such as boutique condominiums with spacious layouts, private balconies, and resort-style amenities like rooftop terraces, landscaped courtyards, fitness centers, and secure parking, or a luxury apartment complex featuring modern smart-home technology, high-end finishes, and co-working spaces tailored to the needs of contemporary urban dwellers. Sustainability could be a defining feature of the development, incorporating energy-efficient systems, solar panels, water-saving landscaping, and eco-conscious construction materials to align with Santa Barbara’s environmental values while appealing to a forward-thinking clientele. The project could also integrate mixed-use elements, such as ground-floor retail or boutique office spaces, to enhance community engagement and create a dynamic living environment. While navigating Santa Barbara’s zoning and regulatory requirements will require careful planning and collaboration with city officials, developers can gain community support by emphasizing architectural harmony with the surrounding neighborhood and prioritizing low-impact, aesthetically pleasing designs. Addressing challenges such as density concerns and construction costs with innovative solutions will be critical to ensuring the project’s success while maximizing return on investment in one of California’s most lucrative real estate markets.
Property Details
Price:
$1,750,000
MLS #:
V1-24680
Status:
Active
Beds:
2
Baths:
1
Address:
509 Coronel Place
Type:
Single Family
Subtype:
Single Family Residence
Neighborhood:
vc81santabarbara
City:
Santa Barbara
Listed Date:
Jul 17, 2024
State:
CA
Finished Sq Ft:
862
ZIP:
93101
Lot Size:
7,405 sqft / 0.17 acres (approx)
Year Built:
1881
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Schools
Elementary School:
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Middle School:
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High School:
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Interior
Accessibility Features
Grab Bars In Bathroom(s), Ramp – Main Level
Appliances
Refrigerator, Gas Oven, Water Heater, Gas Water Heater, Gas Range, Water Line to Refrigerator
Cooling
None
Fireplace Features
None
Flooring
Wood
Heating
Central, Natural Gas, Forced Air
Interior Features
Ceiling Fan(s), Unfurnished, Formica Counters, Copper Plumbing Full
Window Features
Double Pane Windows, Blinds
Exterior
Community Features
Curbs, Sidewalks, Street Lights
Electric
Electricity – On Property, Standard
Exterior Features
Barbecue Private
Fencing
Cross Fenced, Average Condition, Wood
Foundation Details
Pillar/ Post/ Pier, Raised
Garage Spaces
1.00
Lot Features
Back Yard, Level with Street, Value In Land, Sprinklers None, Patio Home, Near Public Transit, Lot 6500-9999, Yard, Walkstreet, Rectangular Lot, Front Yard
Parking Features
Garage, Off Street, Paved, Other, Garage – Single Door
Parking Spots
2.00
Pool Features
None
Roof
Composition
Security Features
Carbon Monoxide Detector(s), Smoke Detector(s)
Sewer
Public Sewer
Spa Features
None
Stories Total
1
View
None
Water Source
Public
Financial
Utilities
Cable Connected, Water Connected, Sewer Connected, Phone Connected, Natural Gas Connected, Electricity Connected
Map
Community
- Address509 Coronel Place Santa Barbara CA
- AreaVC81 – Santa Barbara
- CitySanta Barbara
- CountySanta Barbara
- Zip Code93101
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Courtesy of Berkshire Hathaway HomeServices California Properties. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than include the name of the listing broker. Neither the listing company nor shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. California Regional Multiple Listing Service. All rights reserved.
509 Coronel Place
Santa Barbara, CA
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