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

1030 E Mountain Drive

Santa Barbara, CA 93108

ACTIVE
CONDITION: FAIR
2Beds
2Baths
2,017Sq Ft
229,561Lot Size

Property Price

LIST PRICE$5,595,000
EST. MARKET VALUE
$5,595,000

SUMMARY

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.

Estimated Market Value

$5,595,000
Based on Realkey algorithm analyzing recent comparable sales in Santa Barbara.

Condition Analysis

OVERALL CONDITION SCORE

Fair
TeardownExcellent

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 The property is functional and comfortable but shows signs of being outdated in key areas, aligning with the 'Fair' category.

PROSSTRENGTHS & OPPORTUNITIES

  • 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.

CONSRISKS & DEFICIENCIES

  • 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.

About 1030 E Mountain Drive

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.

Property Details

Public Facts

Property Type
Single Family Residence
Year Built
1954
Lot Size
229,561 Sq. Ft.

Interior

Total Bedrooms
2
Total Bathrooms
2 (2 Full, 0 Half)

Exterior & Parking

No exterior & parking available.

Utilities & Misc

HOA Fee
$0 / Month

Neighborhood Insights

Sensitive Facilities

No sensitive facilities data found.

Neighborhood Comparison

FeatureSubjectAverage HomeNeighborhood Ranking (50 Listings)
Beds2.04.0
8%
Baths2.05.0
14%
Square foot2,0173,681
24%
Lot Size229,56143,560
96%
Price$5.59M$5.49M
50%
Price per sq ft$2.8K$1.6K
92%
Built year19541973
23%
HOA$0$0
50%
Days on market164237
17%

Pricing History

Listed for Sale

Sep 24, 2025

$5,595,000

Initial Listing

Sold

Jul 12, 2007

$70,000

Public Record

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