1035 Miramonte Drive Apt 4, SANTA BARBARA, CA 93109, SANTA BARBARA, 93109 - 2 bed, 1 bath
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SANTA BARBARA, CA 93109
This Recently Refreshed Mesa Condominium is a Prime Investment Opportunity, listed at $949,000—positioned well below the $980,579 Fair Market Value by 3%. This valuation gap provides $31,579 in Instant Equity for the incoming owner. Maintaining a Good Condition Rating, the interior features vaulted ceilings with exposed beams, a cozy fireplace, and a private patio. With a tenant already in place and access to community pools and a spa, this asset offers immediate stability and lifestyle appeal. It is a strategic acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a turnkey coastal residence.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1035 Miramonte Drive Apt 4 Subject | $949,000* List Price | 2 | 1 | 1,143 | $858 | - |
A 986 Miramonte Drive 6 Sold | $865,000 | 2 | 2 | 1,104 | $784 | 0.1 mi |
B 1058 Miramonte Drive 11 Sold | $739,000 | 1 | 1 | 715 | $1,034 | 0.0 mi |
C 969 Miramonte Drive 5 Active | $955,000 List Price | 2 | 2 | 1,120 | $853 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is move-in ready and has been recently refreshed with clean white cabinetry and neutral paint. While the 1973 construction is older, the interior is well-maintained with attractive features like vaulted ceilings and exposed beams. The Saltillo tile flooring and gold-framed shower doors indicate that while the home is functional and clean, it has undergone a cosmetic refresh rather than a full modern renovation, placing it firmly in the 'good' category.
Situated in the highly sought-after Mesa neighborhood, the property offers excellent proximity to both downtown Santa Barbara and local coastal attractions.
The interior features vaulted ceilings with exposed beams and a cozy fireplace, providing a sense of volume and unique charm rarely found in standard condos.
With a tenant already in place and recent interior refreshes, this property serves as a seamless, income-generating opportunity for savvy investors.
The monthly HOA fee of $640 represents a significant recurring carrying cost that may impact the budget of some prospective buyers.
Featuring only 1.5 bathrooms for a two-bedroom unit may be a drawback for families or those seeking a more traditional two-full-bath layout.
Set in the Santa Barbara Highlands, this recently refreshed 2-bedroom, 1.5-bathroom condo offers an incredible place to live or seamless investment opportunity with tenant already in place. The inviting living space is anchored by a cozy fireplace, creating a warm and welcoming place to unwind. Upstairs, the bedrooms feature vaulted ceilings with exposed beams, adding volume and architectural character. The kitchen and bathrooms showcase pristine white cabinetry and a clean, contemporary aesthetic, while in-unit laundry adds everyday ease. Generously sized private patio extends the living space outdoors. Additional highlights include carport plus ample guest parking, two community pools, spa, and community clubhouse. Conveniently located near the Mesa and downtown Santa Barbara.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 1.0 | 1.5 | 50% |
| Square foot | 1,143 | 1,123.5 | 50% |
| Lot Size | - | - | 50% |
| Price | $949.0K | $907.0K | 50% |
| Price per sq ft | $830 | $992 | 25% |
| Built year | 1973 | 1973 | 50% |
| HOA | $640 | $614 | 50% |
| Days on market | 56 | 140 | 13% |
Feb 25, 2026
$949,000
Initial Listing