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1030 E Mountain Drive, Santa Barbara, CA 93108, Santa Barbara, 93108 - 2 bed, 2 bath

1030 E Mountain Drive, Santa Barbara, CA 93108 home-pic-0
ACTIVE$5,595,000$2,017/sqft
Est. Value: $5,595,000
%
FairlyEstimate
1030 E Mountain Drive, Santa Barbara, CA 93108
2Beds
2Baths
2,017Sqft
229,561Lot

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: Built in 1954, this architecturally significant mid-century home is well-maintained and move-in ready. However, while the kitchen features updated stainless steel appliances, the cabinetry and countertops are original and dated, reflecting its age rather than recent renovation. The cork flooring, though well-preserved, is also a period-specific feature. No bathroom images are provided, but it's reasonable to assume they would require similar updates to meet modern luxury standards. The property is functional and comfortable but shows signs of being outdated in key areas, aligning with the 'Fair' category.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
25604433
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
Built in 1954, this architecturally significant mid-century home is well-maintained and move-in ready. However, while the kitchen features updated stainless steel appliances, the cabinetry and countertops are original and dated, reflecting its age rather than recent renovation. The cork flooring, though well-preserved, is also a period-specific feature. No bathroom images are provided, but it's reasonable to assume they would require similar updates to meet modern luxury standards. The property is functional and comfortable but shows signs of being outdated in key areas, aligning with 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 a rare opportunity for significant expansion, creating a multi-residence compound, or developing a new estate while retaining the existing home as a guest retreat.
Prime Montecito Location & Views: Situated in highly desirable Montecito, the property boasts sweeping ocean and mountain views, providing a backdrop of rare beauty and enhancing its intrinsic value and appeal.
Architectural Significance: The existing mid-century residence was designed by renowned Kem Weber, featuring distinctive elements like tongue and groove vaulted ceilings, cork flooring, and walls of glass, appealing to buyers who appreciate unique design and history.
Privacy and Exclusivity: The expansive 5.27-acre lot provides a high degree of privacy and exclusivity, a coveted feature in the Montecito market.
Unique Investment Opportunity: Described as 'a property unlike any other' and 'one of Montecito's rarest opportunities,' it represents a significant investment for those looking to create a bespoke luxury estate or compound.

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 residence, with 2 beds, 2 baths, and 2017 sqft, is relatively modest for a property of this acreage and price point in Montecito, suggesting the primary value lies in the land and development potential rather than the existing structure.
Significant Additional Investment Required: Realizing the full potential of the property, such as building a new primary residence or a compound, will require substantial additional investment beyond the purchase price, which may not suit all buyers.
Age of Existing Structure: Built in 1954, the existing home, while architecturally significant, may require updates or ongoing maintenance typical of an older property, especially if a buyer intends to live in it long-term without major renovations.
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