‘Shark Tank’ investor Andrew Banks looks to cash in on Santa Barbara home
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Businessman Andrew Banks, who starred in the Australian reality series “Shark Tank,” has put his gated home in Santa Barbara’s Hope Ranch up for sale at $3.875 million.
It’ll be a good investment if Banks gets near the asking price. Records show he shelled out $2.7 million for the place in 2012.
The golf-course-adjacent property features plenty of green, as trees, lawns and landscaping fill out the 1.2-acre grounds. At the center sits a four-bedroom ranch-style home built in 1964.
The house has been updated and offers a mix of tile and hardwood floors across some 3,600 square feet of space. Indoor-outdoor living spaces include a column-lined living room with a stone fireplace and a dining room with paneled walls.
Elsewhere, there’s a combined kitchen and family room area with bay windows and beamed ceilings.
A wraparound deck stretches across the back of the house. Down below, a covered patio leads out to a lawn and playground.
The Brothers Gough of Berkshire Hathaway HomeServices California Properties hold the listing.
A native of England, Banks co-founded the recruitment company Morgan & Banks with Geoff Morgan in 1985 and started the human resources outsourcing company Talent2 International two decades later. His business ventures landed him a role as an investor on all four seasons of the Australian version of “Shark Tank.”
jack.flemming@latimes.com | Twitter: @jflem94
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