In conclusion, 509 Coronel Place represents an extraordinary real estate opportunity in Santa Barbara, offering a combination of immediate usability, strong income potential, and significant development possibilities. The existing 2-bedroom, 1-bathroom California cottage provides a move-in-ready option for an owner-user while offering ample room for expansion and redevelopment. The R-4 zoning designation allows for high-density residential construction, making this an attractive option for investors seeking to build multi-unit housing in a city with high demand and limited supply. Whether the goal is to develop a small apartment complex, luxury townhomes, or a mixed-use property, the possibilities for maximizing this property’s value are vast. With Santa Barbara’s real estate market continuing to thrive, now is the perfect time to invest in a property with such unique potential. 509 Coronel Place offers the rare combination of a prime location, flexible development options, and strong appreciation potential, making it one of the best investment opportunities available in Santa Barbara today. Whether for personal use, rental income, or large-scale development, this property stands out as a top-tier investment that will continue to increase in value over time, providing both financial rewards and the opportunity to contribute to Santa Barbara’s evolving housing landscape.
Current real estate data for Single Family in Santa Barbara as of Jul 18, 2025
96
Single Family Listed
102
Avg DOM
1,880
Avg $ / SqFt
$9,562,619
Avg List Price
Property Details
Price:
$1,299,500
MLS #:
V1-24680
Status:
Pending
Beds:
2
Baths:
1
Type:
Single Family
Subtype:
Single Family Residence
Neighborhood:
vc81santabarbara
Listed Date:
Jul 17, 2024
Finished Sq Ft:
862
Lot Size:
7,405 sqft / 0.17 acres (approx)
Year Built:
1881
Schools
Elementary School:
Call Agent
Middle School:
Call Agent
High School:
Call Agent
Interior
Accessibility Features
Grab Bars In Bathroom(s), Ramp – Main Level, Parking
Appliances
Refrigerator, Gas Oven, Water Heater, Gas Water Heater, Gas Range, Water Line to Refrigerator
Cooling
None
Fireplace Features
None
Flooring
Vinyl, Wood
Heating
Central, Natural Gas, Forced Air
Interior Features
Open Floorplan, Unfurnished, Laminate Counters, Formica Counters, Copper Plumbing Full, Ceiling Fan(s)
Window Features
Double Pane Windows, Blinds
Exterior
Community Features
Curbs, Sidewalks, Street Lights, Storm Drains
Electric
Electricity – On Property, Standard
Exterior Features
Barbecue Private
Fencing
Cross Fenced, Average Condition, Good Condition, Wood
Foundation Details
Pillar/ Post/ Pier, Raised
Garage Spaces
1.00
Lot Features
Back Yard, 2-5 Units/ Acre, Value In Land, Sprinklers None, Patio Home, Near Public Transit, Lot 6500-9999, Level with Street, Garden, Yard, Walkstreet, Utilities – Overhead, 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
Contact Us
Mortgage Calculator
Community
- Address509 Coronel Place Santa Barbara CA
- NeighborhoodVC81 – Santa Barbara
- CitySanta Barbara
- CountySanta Barbara
- Zip Code93101
Subdivisions in Santa Barbara
- Birnam Wood
- Bonnymede
- Bonnymede Shores
- Santa Barbara: Other
- Santa Barbara: Other – 0080
- Santa Barbara: Other 80
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Property Summary
- 509 Coronel Place Santa Barbara CA is a Single Family for sale in Santa Barbara, CA, 93101. It is listed for $1,299,500 and features 2 beds, 1 baths, and has approximately 862 square feet of living space, and was originally constructed in 1881. The current price per square foot is $1,508. The average price per square foot for Single Family listings in Santa Barbara is $1,880. The average listing price for Single Family in Santa Barbara is $9,562,619.
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Similar Listings Nearby
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 CornerStone Real Estate include the name of the listing broker. Neither the listing company nor CornerStone Real Estate 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 2025. California Regional Multiple Listing Service. All rights reserved. 509 Coronel Place
Santa Barbara, CA
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