Sprawling Ranch-Style Multi-Parcel Estate With Ocean Views in Santa Barbara Listed for $3.295 Million

A ranch-style Santa Barbara home set on a rare multi-acre parcel has hit the market for $3.295 million.

The home was built in 1957 and is located at 504 Los Verdes Drive. It sits on approximately three acres across multiple legal parcels near the Turnpike exit.

The property offers ocean views and convenient access to shopping and services in Santa Barbara, according to the listing.

The property consists of three legal parcels, offering flexibility for expansion or future use.

According to the listing, the property includes three parcels: Parcel 1 (about one acre) contains the approximately 2,850-square-foot primary residence. Parcel 2 (0.50 acres) and Parcel 3 (1.5 acres) are vacant, totaling about two acres of additional land.

Property Features and Design

The single-story ranch-style home features five bedrooms and three bathrooms.

Interiors include a great room, two family rooms, a formal dining area, a breakfast bar, three bathrooms, and an office. The property includes outdoor space with views of the ocean and the Channel Islands.

The property includes fruit trees, additional outdoor space, and sheds. It has a two-car garage with RV and boat parking.

The listing notes the option to purchase the neighboring property at 510 Los Verdes Drive, offered separately. That property is spread across 1.5 acres and includes a two-bedroom, one-bathroom home measuring about 1,135 square feet, listed at $2.195 million.

If purchased together, the two properties would total approximately 4.5 acres across four legal parcels with two residences.

The property is located in a residential area near the Turnpike exit, offering access to other parts of Santa Barbara.

Santa Barbara’s Luxury Housing Market

According to the Fall 2025 Wall Street Journal/Realtor.com Luxury Housing Market Ranking released October 23, 2025, the Santa Maria–Santa Barbara region ranked 10th nationally. Homes in the top 10% of the market started at approximately $8.95 million, as reported by Edhat.

The region is also home to some of California’s most expensive ZIP codes, including 93108 in Montecito and 93110 in Santa Barbara, where million-dollar listings make up a large share of the housing market.