1030 E Mountain Drive, Santa Barbara, CA 93108, Santa Barbara, 93108 - 2 bed, 2 bath
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Santa Barbara, CA 93108
Analysis of 1030 E Mountain Drive, Santa Barbara, CA 93108 reveals a Fairly Priced Property with a current list price of $5,595,000 aligned with the estimated $5,595,000 Fair Market Value. This represents a stable investment opportunity at market rate. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Santa Barbara Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1030 E Mountain Drive Subject | $5,595,000* List Price | 2 | 2 | 2,017 | $2,774 | - |
A 1030/1010 E Mountain Drive Active | $5,595,000 List Price | 2 | 2 | 2,017 | $2,774 | - |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
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 The property is functional and comfortable but shows signs of being outdated in key areas, aligning with the 'Fair' category.
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.
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.
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.
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.
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.
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.
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.
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 | 229,561 | 40,293.1 | 98% |
| Price | $5.59M | $5.31M | 53% |
| Price per sq ft | $2.8K | $1.7K | 94% |
| Built year | 1954 | 1980 | 14% |
| HOA | $0 | $0 | 50% |
| Days on market | 210 | 238 | 38% |
Sep 24, 2025
$5,595,000
Initial Listing
Jul 12, 2007
$70,000
Public Record