
SANTA BARBARA, CA 93108
This Private Gated Estate is a Strong Value Opportunity, listed at $3,999,000—positioned well below the $4,480,072 Fair Market Value by 10%. This valuation gap provides $481,072 in Instant Equity. Set on 6 private acres with panoramic ocean and mountain views, the property maintains a Condition Rating of 3 and includes a pool, spa, and guest house. While move-in ready, the interior allows for aesthetic updates to maximize luxury value. This is an ideal acquisition for Owner-Occupants or Luxury Value-Add Investors.
Property is move-in ready.
The property is move-in ready and shows evidence of high-quality maintenance and significant updates to the outdoor living spaces. While originally built in 1972, the exterior features modern hardscaping, a well-maintained pool and spa, and a high-end outdoor kitchen with professional-grade stainless steel appliances. The grounds and structure appear well-preserved, though the property analysis suggests some interior components may benefit from aesthetic modernization to reach current peak luxury standards.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 261360, living area = 3498.
The estate captures rare and sweeping vistas of the Pacific Ocean, Channel Islands, and surrounding mountains, providing a quintessential Santa Barbara luxury backdrop from nearly every vantage point.
Situated on 6± gated acres with a long winding drive, the property offers an exceptional level of privacy and seclusion that is highly coveted in the Toro Canyon area.
Built in 1972, the residence may require aesthetic updates or system overhauls to meet the expectations of modern luxury buyers looking for contemporary finishes and energy efficiency.
The expansive 6-acre hillside terrain and mature landscaping may necessitate higher-than-average ongoing costs for fire brush clearance, road maintenance, and groundskeeping.
Perched above Toro Canyon on 6± private acres, this gated estate captures sweeping ocean, island, and mountain views in a remarkably peaceful setting. A winding drive leads to a residence designed to embrace its surroundings, with living spaces that open to terraces, gardens, and the natural landscape. Outdoor amenities include a pool, spa, guest house, and multiple areas for relaxation and entertaining. A flexible space at the lower level of the main house offers potential for a studio, office, or additional living area. Fruit trees, mature landscaping, and expansive outdoor spaces create a seamless indoor-outdoor lifestyle. A rare opportunity for privacy, space, and breathtaking views above Toro Canyon.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 4.0 | 46% |
| Baths | 4.0 | 4.0 | 50% |
| Square foot | 3,468 | 3,601 | 47% |
| Lot Size | - | 39,204 | 11% |
| Price | $4.00M | $5.20M | 40% |
| Price per sq ft | $1.2K | $1.7K | 26% |
| Built year | 1972 | 1980 | 41% |
| HOA | $0 | $0 | 50% |
| Days on market | 44 | 239 | 2% |
Mar 12, 2026
$3,999,000
Initial Listing
Jul 28, 2015
$2,550,000
Public Record