‘Shark Tank’ investor Andrew Banks looks to cash in on Santa Barbara home

Spanning an acre in Hope Ranch, the 1960s home takes in fairway views from a wraparound deck.

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.” | Twitter: @jflem94