Listed by Alexandra Bentley•DRE #02062959• Lee & Associates
Contact: abentley@lee-associates.com
For sale
$2,500,000
Est. $16,876/mo —
2
bd
•
1 ba
•
816
sq ft
6588 Madrid Rd, Goleta, CA 93117
About this home
The subject property is located at 6588 and 6590 Madrid Road in Goleta, CA. The property consists of two parcels totaling approximately 10,018 SF with an approximately 816 SF single-family residence. Zoning permits high-density student housing with an underlying density of 20 du/acre. The property is located less than half a mile north of UCSB and just east of the Pacific Ocean. The property is in an excellent location providing the opportunity for a coastal student housing development.
Ocean Terrace, located between Del Playa Drive and Camino Pescadero, is a coastal and residential Isla Vista neighborhood with blufftop views and a surf-forward atmosphere. The neighborhood’s character concentrates around the Camino Pescadero corridor near the UC Santa Barbara edge, where bike traffic, small eateries, and late-night storefronts set the tempo. Housing reads as compact beach apartments and low-rise student-era buildings, with ocean air and salt-worn landscaping as a constant backdrop. Sands Beach and the Isla Vista Bluffs frame daily routines with cliffside paths and sunset lookouts. Community pillars include the Isla Vista Food Co-op, Embarcadero Hall, and the Isla Vista Theater.
Provided by Walk Score and Local Logic
Offer insights
6588 Madrid Rd · $2,500,000
$2.51M and above
75% chance or better to win
Why $2.51M+ is a strong offer
DAYS ON MARKET
47 days
The average home goes pending in 36 days.
SALE-TO-LIST
99.3%
Most homes are selling 1% below list price.
About offer insights
Property details
Interior
Exterior
Finance
Interior features
One-level home with front entry
Has fireplace
Cooling available (see remarks)
See remarks for room details
Bathrooms
1 full bathroom
Laundry & utility
Has laundry (see remarks)
Heating & cooling
Has cooling
Exterior features
No pool
Has view
Located in an urban area with sidewalks and nearby park
Home design
Single-story property
No shared/common walls
Zoned SR-H-20
Construction
Parcel numbers on file
Utilities
Public sewer
HOA & community
Community includes urban setting, sidewalks, and park
Other
Additional parcel listed
Lot reported as approximately 10,018 (source: public records)
Lot density indicated as 16-20 units/acre
Electricity and solar
View estimated energy costs and solar savings for this home
The subject property is located at 6588 and 6590 Madrid Road in Goleta, CA. The property consists of two parcels totaling approximately 10,018 SF with an approximately 816 SF single-family residence. Zoning permits high-density student housing with an underlying density of 20 du/acre. The property is located less than half a mile north of UCSB and just east of the Pacific Ocean. The property is in an excellent location providing the opportunity for a coastal student housing development.
CRMLS #NDP2607620
Aug 13, 2026
Listed
$2,500,000
$3,064/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$10,706 (+2.8%)
$742,845 + $212,241
$955,086
2024
$10,416 (+2.5%)
$728,280 + $208,080
$936,360
2023
$10,164 (+759.9%)
$714,000 + $204,000
$918,000
2022
$1,182 (+2.0%)
$700,000 + $200,000
$900,000
2021
$1,158 (+1.7%)
$24,568 + $26,611
$51,179
2020
$1,139 (+1.3%)
$24,087 + $26,090
$50,177
2019
$1,124 (+1.4%)
$23,841 + $25,823
$49,664
2018
$1,109 (+3.4%)
$23,374 + $25,317
$48,691
2017
$1,072 (+5.5%)
$22,467 + $24,335
$46,802
2016
$1,016 (−3.1%)
$22,467 + $24,335
$46,802
2015
$1,048 (+0.6%)
$22,027 + $23,858
$45,885
2014
$1,042 (+2.1%)
$21,272 + $23,040
$44,312
2013
$1,020 (+5.1%)
$21,272 + $23,040
$44,312
2012
$970 (+1.5%)
$21,176 + $22,936
$44,112
2011
$956 (+1.5%)
$20,761 + $22,487
$43,248
2009
$943 (+2.7%)
$20,202 + $21,883
$42,085
2008
$918
$19,853 + $21,505
$41,358
Public record
Public record
Zoning
Beds
2
Baths
1
Stories
—
Lot width
—
Lot depth
—
Lot size
4,792 Sq. Ft.
Year renovated
1958
Finished Sq. Ft.
—
Unfinished Sq. Ft.
—
Total Sq. Ft.
816
Year built
1958
Style
Single Family Residential
County
Santa Barbara County
APN
075112006
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Aug 17, 2026.
SR-H-20
D
High Density Student Residential Zone
The purpose of this district is to provide for residential development which is unique to a student-oriented community. The intent is to provide for multiple residential development at moderate densities to mitigate potential adverse impacts on traffic, parking, open space, aesthetics, health, and safety and to encourage the combining of substandard lots to allow for a more efficient utilization of space. The provision of affordable housing within this district shall be encouraged.
Zone overlays
Design Control Overlay Zone
Permitted uses
Include but are not limited to:
Housing-Single unit
Housing-Multiple units
Housing-Other
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
5/10 Heat Factor
7 days above 83° expected this year, 20 days in 30 years
1/10 Wind Factor
Minimal risk of severe winds over next 30 years
6/10 Air Factor
10 unhealthy days expected this year, 10 days in 30 years
Provided by First Street
Historical weather
Goleta, CA • 93117
Average low and high temperatures (°F)
66
47
67
49
67
52
67
51
69
53
69
56
74
59
74
58
73
60
71
55
65
50
65
49
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
64/ 100
Moderate sunlight
Sunscore
There appears to be some shading by surrounding buildings, terrain, and vegetation.
6.9 hrs
4.4 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 6588 Madrid Rd
$2,395,739
$104K under list price of $2.50M
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $1.1M to $2.2M.