3800 sqft MAIN HOUSE; and 1150 sqft Additional Dwelling Unit (ADU) on 3.5 acres. Panoramic Ocean & Island & Harbor Views overlooking the Montecito & Santa Barbara Coast. Remodel of Larger house in process now. Seller has a $2.8M lender's Appraisal when finished. Seller can finish the project with Buyer's choice of amenities & landscaping. Additional location on property for additional large Barn or multi car garage, workshop or studio on the property. Owner will sell a 1/2 Ownership interest in property for $1.2M. Call for Details --Seller creative financing terms are possible. Call Broker for plans, tour and details.