Overview

This remarkable 264.49-acre parcel, known by several names including The Jewel of the West, The Jewel of The Pacific, and The Jewel of California, is recognized as one of the top four most beautiful lands in the USA. It presents a golden opportunity for investors seeking prime oceanfront property.

Key Details

• Size of Land: 264.49 acres
• Zoning: Permitted for 70 homes
• Location: Pacific Oceanfront, Santa Barbara, California
• Asking Price: $50 million
• Appraisal: Valued at $106 million in 2007
• Distinctive Feature: Ranked as one of the four most beautiful pieces of land in the United States.

Legal and Environmental Aspects

The property is legally subdivided into six lots; however, physically, it remains as one single lot. Although local requirements allow for 30% of the land (approximately 80 acres) to be designated as a buildable area, environmental regulations have restricted this to only 15% (about 40 acres).