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1030/1010 E Mountain Drive, SANTA BARBARA, CA 93108, SANTA BARBARA, 93108 - 2 bed, 2 bath

1030/1010 E Mountain Drive, SANTA BARBARA, CA 93108 home-pic-0
ACTIVE$5,595,000$2,017/sqft
Est. Value: $5,595,000
%
FairlyEstimate
1030/1010 E Mountain Drive, SANTA BARBARA, CA 93108
2Beds
2Baths
2,017Sqft
229,561.203Lot

Price Vs. Estimate

The estimated value ($5,595,000) is $0 (0%) lower than the list price ($5,595,000). This property may be overpriced.

Key pros and cons

Top Pros:
High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 229561, living area = 2017.
Top Cons:
MLS Listing Discrepancy: Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =229561, other record lot size in square feet = 155944.

Compared to the nearby listings

Price:$5.59M vs avg $6.00M ($-405,000)48%
Size:2,017 sqft vs avg 2,795 sqft32%
Price/sqft:$2.8K vs avg $1.4K93%

More Insights

Built in 1954 (72 years old).
Condition: The property, built in 1954, is a well-maintained mid-century home with distinctive architectural features like vaulted ceilings and cork flooring. While structurally sound and clean, the kitchen features original-style wooden cabinets and countertops that are significantly dated, despite updated stainless steel appliances. No bathroom images are provided, but they are likely consistent with the kitchen's age and style. The overall aesthetic, while historically significant, is not aligned with contemporary luxury standards, and the listing description itself notes the 'potential for extensive renovation/rebuild' to meet these standards. The home is functional and move-in ready, but key areas like the kitchen and likely bathrooms would require substantial updates to appeal to a modern luxury buyer, placing it in the 'fair' category.
Year Built
1954
Close
-
List price
$5.59M
Original List price
-
Price/Sqft
$2,774
HOA
$0
Days on market
-
Sold On
-
MLS number
25-3572
Home ConditionFair
Features
Excellent View:
Patio
View-

About this home

In Montecito, where ocean and mountain views create a backdrop of rare beauty, lies a property unlike any other. Set on 5.27± acres across two legal parcels, this offering is more than a home. It is a chance to create the next chapter of something extraordinary. Designed by the renowned Kem Weber, the mid-century residence radiates timeless character. Tongue and groove vaulted ceilings, cork flooring, and iconic walls of glass capture the light and landscape, creating a home that feels both rooted in design history and alive with possibility. A generous terrace opens into nature, where oaks and open sky frame sweeping views of the Pacific. The true allure of this property lies in the land itself. With two buildable parcels, the possibilities are as expansive as the views. The existing home could become a private guest retreat while a new vision rises beside it. A compound of multiple residences could take shape, united by gardens and terraces. Or the property could remain just as it is, an inspiring blend of privacy, beauty, and potential. This is not only a home but a canvas for the future. Live comfortably today, dream boldly for tomorrow, and embrace one of Montecito's rarest opportunities. Here you hold two lots and the promise of one extraordinary future.

C
Cristal Clarke
Listing Agent

Price History

Date
Event
Price
07/12/07
Sold
$70,000
Condition Rating
Fair
The property, built in 1954, is a well-maintained mid-century home with distinctive architectural features like vaulted ceilings and cork flooring. While structurally sound and clean, the kitchen features original-style wooden cabinets and countertops that are significantly dated, despite updated stainless steel appliances. No bathroom images are provided, but they are likely consistent with the kitchen's age and style. The overall aesthetic, while historically significant, is not aligned with contemporary luxury standards, and the listing description itself notes the 'potential for extensive renovation/rebuild' to meet these standards. The home is functional and move-in ready, but key areas like the kitchen and likely bathrooms would require substantial updates to appeal to a modern luxury buyer, placing it in the 'fair' category.
Pros & Cons

Pros

High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 229561, living area = 2017.
Exceptional Development Potential: The property spans 5.27± acres across two legal, buildable parcels, offering unparalleled opportunities for creating a multi-residence compound or a new primary estate with a guest house.
Prime Montecito Location & Panoramic Views: Situated in highly desirable Montecito, the estate boasts sweeping ocean and mountain views, providing a backdrop of rare beauty and exclusivity.
Architecturally Significant Residence: The existing mid-century home was designed by renowned architect Kem Weber, imbuing the property with timeless character and historical design value.
Distinctive Mid-Century Features: The residence showcases unique architectural elements such as tongue and groove vaulted ceilings, cork flooring, and iconic walls of glass, enhancing its charm and connection to the landscape.
Expansive Private Estate: With over 5 acres of land, the property offers significant privacy, natural beauty, and ample space for luxurious outdoor living and future expansion.

Cons

MLS Listing Discrepancy: Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =229561, other record lot size in square feet = 155944.
Modest Existing Home Size: The current 2-bedroom, 2-bathroom, 2017 sqft residence is relatively small for a property of this price point and acreage in Montecito, suggesting the primary value lies in the land and development potential rather than the existing structure.
Potential for Extensive Renovation/Rebuild: While architecturally significant, the 1954-built home may require substantial renovation, modernization, or even a complete rebuild to align with contemporary luxury standards and maximize the property's value.
High Investment & Niche Buyer Pool: The $5.595 million list price, coupled with the need for potential future development, targets a very specific and affluent buyer segment willing to invest significantly in a long-term vision.
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