
Santa Barbara, CA 93109
This property presents a High-Potential Investment Opportunity with a List Price of $3,800,000—positioned well below the $3,881,353 Fair Market Value by 2%. This valuation gap offers $81,353 in Instant Equity for buyers. Featuring a Fair Condition Rating, the home serves as a prime canvas for modernization. With its 4-bedroom layout, ocean and mountain views, and prime Mesa location, this is a strategic acquisition ideal for Buy-and-Hold Investors or Owner-Occupants seeking to build long-term value through renovation.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 110 Santa Rosa Place Subject | $3,800,000* List Price | 4 | 4 | 2,262 | $1,716 | - |
A 1643 La Vista Del Oceano Drive Active | $4,698,700 List Price | 3 | 3 | 2,752 | $1,707 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1996, the property is 30 years old and fits the 'Fair' criteria for dated homes needing updates. While the kitchen has had partial renovations (granite counters and mosaic backsplash), the cabinetry and ceramic tile flooring appear original or aged. The listing description explicitly identifies the home as a 'canvas' for a 'dream residence,' signaling that while functional and move-in ready, it requires modernization of systems and finishes.
Situated on one of the Mesa's most coveted streets, the property offers unparalleled proximity to Leadbetter Beach, Shoreline Park, and the harbor.
The home captures the quintessential Santa Barbara experience with ocean views from the front patio and sweeping mountain vistas from the property.
With 4 bedrooms and 4 bathrooms across 2,262 square feet, the layout provides excellent versatility for multigenerational living or a dedicated home office.
Marketed as an 'ideal canvas' for transformation, the property likely requires significant cosmetic or structural updates to modernize the 1996 interior.
The $3.8 million list price represents a high entry point for a home that is not yet fully updated, potentially limiting the buyer pool to those with additional renovation budgets.
Located on one of the Mesa's most desirable streets, this inviting coastal home offers an exceptional opportunity to enjoy the relaxed Santa Barbara lifestyle. Just moments from Leadbetter Beach, Shoreline Park, the harbor, and the Mesa's vibrant collection of restaurants, cafes, and neighborhood amenities, the property combines a prime location with generous indoor and outdoor living spaces.Recently cleaned up and ready for its next chapter, the home presents an ideal canvas for creating your dream Mesa residence. The flexible floor plan features 4 bedrooms and 3.5 bathrooms across approximately 2,262 square feet, offering versatility for everyday living, guests, a home office, or multigenerational use.The expansive 0.14-acre lot provides a private and inviting outdoor setting, complete with a lawn, garden area, pond, and fire pit. Whether hosting friends, enjoying an evening around the fire, or relaxing in the coastal air, the backyard offers a wonderful backdrop for entertaining and memorable gatherings.From the front-yard patio, take in ocean views, while sweeping mountain vistas add to the property's sense of space and natural beauty. With its premier location, flexible layout, and abundant potential, this charming Mesa home is ready to be transformed into a personalized coastal retreat.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.6 |
| Baths | 4.0 | 3.3 |
| Square foot | 2,262 | 2,905.353 |
| Lot Size | 6,098 | 21,805.412 |
| Price | $3.80M | $4.86M |
| Price per sq ft | $1.7K | $1.7K |
| Built year | 1996 | 1958 |
| HOA | $0 | $3.2K |
| Days on market | 28 | 84 |
Aug 12, 2026
$3,800,000
Initial Listing