1071 E Mountain Drive, Santa Barbara, CA 93108, Santa Barbara, 93108 - 4 bed, 4 bath
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Santa Barbara, CA 93108
This Turnkey Montecito Compound is a Strong Value Opportunity, listed at $7,298,000—positioned well below the $8,012,750 Fair Market Value by 8%. This valuation gap offers $714,750 in Instant Equity. Featuring a Mint Condition Rating, the estate includes a remodeled main residence and a detached guest cottage with high-end finishes. Located in the Cold Springs School District, this property offers a rare blend of privacy and luxury. It is an ideal acquisition for Multi-Generational Families or Owner-Occupants seeking a sophisticated, move-in-ready sanctuary.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1071 E Mountain Drive Subject | $7,298,000* List Price | 4 | 4 | 3,876 | $2,067 | - |
A 191 E Mountain Drive Pending | $5,795,000 List Price | 4 | 4 | 3,359 | $1,725 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
The property has undergone a comprehensive, high-end renovation within the last 5 years. It features a designer kitchen with premium Wolf and Sub-Zero appliances, modern bathrooms with contemporary fixtures, wide-plank hardwood floors, and Venetian plaster walls. The exterior and systems appear fully updated, placing it in mint, move-in-ready condition.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 57935, living area = 3876.
The 1.33-acre gated estate features both a tastefully remodeled main home and a fully equipped detached guest cottage, offering exceptional flexibility for multi-generational living, guest hosting, or rental income potential.
Situated in the prestigious Cold Springs School District and minutes from the Upper Village, the property offers a perfect balance of privacy and convenience with immediate access to popular hiking trailheads.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 3876, other record living area = 1398. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 2.
The current list price represents a substantial increase from its 2022 sale price of $3.87M, which may lead to intensive buyer scrutiny regarding the property's valuation in the current market.
While the home is beautifully remodeled, the original 1954 construction may present underlying maintenance challenges common to mid-century properties, particularly regarding older plumbing or electrical systems.
Welcome to 1071 East Mountain Drive, a private 1.33-acre Montecito compound blending coastal ease, modern comfort, and timeless charm. Behind a gated entrance and mature landscaping, this remodeled property offers two residences, ideal for extended family, guests, creative use, or income potential. Conveniently located near the Cold Spring and Hot Springs trailheads, in the Cold Springs school district, and minutes from the Upper Village and Coast Village Road. Tastefully reimagined, the main home features 3 bedrooms, 2.5 baths, vaulted ceilings, a designer kitchen, hardwood floors, Venetian plaster walls, and a serene primary suite. A detached one bedroom mid-century guest cottage includes its own driveway, full kitchen, full bathroom, office space, wet bar, fireplace, deck, and laundry.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 0.0 |
| Baths | 4.0 | 0.0 |
| Square foot | 3,876 | - |
| Lot Size | 57,935 | - |
| Price | $7.30M | $2.43M |
| Price per sq ft | $1.9K | $1.3K |
| Built year | 1954 | 0 |
| HOA | $0 | $0 |
| Days on market | 36 | 60 |
Jun 16, 2026
$7,298,000
Initial Listing
Aug 25, 2022
$3,873,000
Public Record
Aug 28, 2020
$2,425,000
Public Record
Jul 17, 2013
$1,900,000
Public Record
Nov 8, 2004
$1,975,000
Public Record