1030/1010 E Mountain Drive, SANTA BARBARA, CA 93108, SANTA BARBARA, 93108 - 2 bed, 2 bath
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SANTA BARBARA, CA 93108
This Mid-Century Architectural Estate is listed at $4,895,000, representing a strategic acquisition positioned near its $4,616,881 Fair Market Value. Spanning 5.27 acres across two buildable parcels, the asset features a Kem Weber-designed residence with a Condition Rating of 4 and sweeping ocean views. The property’s primary value lies in its significant development potential, offering a rare opportunity to expand the existing footprint or construct a multi-structure compound in a high-demand Montecito enclave. This is a high-ceiling project ideal for Luxury Developers or Visionary Owner-Occupants.
Property is moderate renovation needed.
Built in 1954, this mid-century residence is exceptionally well-maintained and retains its original architectural character, including tongue-and-groove ceilings and cork flooring. While the kitchen has been partially updated with stainless steel appliances, the cabinetry and overall infrastructure are vintage. The property is move-in ready and functional, but because it has not undergone a full modern renovation and the major systems are aged, it fits the criteria for fair condition.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 155944, living area = 2017.
The property spans 5.27 acres across two separate buildable parcels, offering a rare opportunity to create a multi-structure estate or expand the existing footprint in a premier Montecito location.
Designed by renowned mid-century designer Kem Weber, the home features authentic period details like vaulted tongue-and-groove ceilings and floor-to-ceiling windows that maximize natural light and ocean views.
With only 2 bedrooms and approximately 2,017 square feet, the current residence may be undersized for buyers seeking a traditional luxury estate without immediate further investment.
Built in 1954 and retaining much of its original character, the property likely requires significant updates to its core systems and finishes to meet contemporary luxury standards and energy efficiency.
Set on 5.27± acres spanning two separate parcels, this mid-century residence by renowned designer Kem Weber enjoys sweeping ocean views and a tranquil Montecito setting. The 2-bedroom, 2-bathroom home is rich in original character, featuring tongue-and-groove vaulted ceilings and cork flooring. Floor-to-ceiling windows flood the interiors with natural light, while a generous terrace invites effortless indoor-outdoor living surrounded by nature. Perfectly positioned near Montecito's celebrated hiking trails, the property offers not only a peaceful retreat but also a compelling canvas for the future. With two buildable parcels and abundant open space, it invites a host of possibilities-expand the existing home, create a multi-structure estate, or build a new vision entirely. Live comfortably in the current residence while crafting your dream home just beyond. A rare offering of architectural heritage and untapped potential, 1030 East Mountain Drive is an inspiring opportunity in one of the area's most sought-after enclaves.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 4.0 | 9% |
| Baths | 2.0 | 4.0 | 17% |
| Square foot | 2,017 | 3,601 | 22% |
| Lot Size | - | 40,075.199 | 11% |
| Price | $4.89M | $5.30M | 39% |
| Price per sq ft | $2.4K | $1.7K | 88% |
| Built year | 1954 | 1980 | 14% |
| HOA | $0 | $0 | 50% |
| Days on market | 40 | 238 | 2% |
Mar 13, 2026
$4,895,000
Initial Listing
Jul 12, 2007
$70,000
Public Record