Coldwell Banker is thrilled to present Hidden Oaks, an exclusive ±12.06-acre property in the prestigious community of Santa Barbara, California. Nestled in a tranquil setting surrounded by century-old oak trees, this unique property offers a rare opportunity for re-development in one of California’s most desirable coastal areas. The site, which spans two contiguous parcels, is located just minutes from downtown Santa Barbara and the picturesque beaches of the Central Coast. Santa Barbara is known for its Mediterranean climate, stunning landscapes, and vibrant cultural scene, making it a top choice for those seeking luxury living. The nearby amenities include highly rated schools, shopping districts, and recreational spaces, further enhancing the property’s appeal for future residents. The property is currently zoned (REC), which allows for a range of outdoor recreational uses, including parks, campgrounds, trails, and golf courses, as well as supporting structures like parking areas, stables, and water facilities. The zoning also permits facilities such as swimming clubs, tennis clubs, zoos, and in certain urban areas, restaurants that complement recreational activities. Residential caretaker structures and supportive housing can be developed as-well with conditional permits. For those not interested in developing under the existing recreational zoning, there is a valuable opportunity to re-entitle the land for a residential community, unlocking significant potential for appreciation upon approval. This rare chance to transform the property into a residential community could yield substantial returns for developers. The property is being offered on an "as is/where is" basis, allowing for a straightforward acquisition process with considerable upside post-entitlement. With its tranquil setting, proximity to Santa Barbara’s downtown and beaches, and exceptional development potential, Hidden Oaks is one of the most compelling opportunities in the region. This is a rare chance to acquire a prime site in a market poised for continued growth.