Set in the picturesque foothills near the San Marcos Foothills Preserve, this ''contractor's special'' is a rare opportunity to revitalize a truly special property! Spanning nearly four acres of usable land, the compound features two residences: a +/ 4,120 sq ft main home partially damaged by an interior fire in 2024 and a fully separate 3 bedroom, 2 bath guest house. With space, privacy, and remarkable natural surroundings, the property offers the ideal canvas to create an extraordinary foothill estate.Surrounded by mature oaks, rolling green hills, mountain vistas, and even peeks of the ocean, the setting feels worlds away while remaining just minutes from the best of Santa Barbara. The spacious parcel provides inspiring views and usable acreage reminiscent of the nearby Santa Ynez Valley lifestyle yet with the convenience of town close at hand.Located within the award winning Mountain View Elementary School attendance area, the property also offers zoning that may accommodate horses or other unique possibilities. Recent infrastructure improvements include two water meters and sewer upgrades, providing a strong foundation for the next chapter of this exceptional foothill compound.