
SANTA BARBARA, CA 93109
This Rare Dual-Residence Coastal Sanctuary is listed at $5,333,000, representing a premier lifestyle compound in the prestigious Mesa neighborhood. While the $4,283,491 Fair Market Value reflects standard comparative metrics, the property’s unique configuration of two fully remodeled homes on a single lot commands a premium for its extreme rarity. Boasting a Turnkey Luxury Condition, the residences feature vaulted ceilings, gourmet kitchens, and private outdoor spas with entertaining patios. Located just one block from Leadbetter Beach within the coveted Washington School District, this offering provides unmatched lifestyle appeal for Multi-Generational Families or Owner-Occupants.
Property is new construction or fully renovated.
Although originally built in 1947, the property consists of two residences that have been extensively renovated or rebuilt to the studs with permits. The homes feature high-end modern finishes including gourmet kitchens, European-inspired spa bathrooms, vaulted ceilings with exposed steel and wood beams, and updated major systems such as new electrical panels, air conditioning, and dual-pane windows, representing a turnkey luxury condition.
The rare offering of two adjacent, fully remodeled homes provides unmatched flexibility for multi-generational living, a legacy family compound, or a high-performing investment portfolio in a supply-constrained market.
Situated just one block from Leadbetter Beach and Shoreline Park, the property occupies a 'trophy' location in the highly coveted Mesa neighborhood, ensuring exceptional lifestyle appeal and long-term value retention.
Both residences have undergone extensive high-end renovations, featuring architectural details like vaulted ceilings and exposed beams, offering a move-in-ready experience with modern systems and designer finishes.
At a list price of over $5.3M for 2,700 total square feet, the property commands a significant premium that may challenge appraisal valuations or limit the pool of value-driven buyers.
Siting two separate homes and multiple outdoor amenities on a 0.24-acre lot results in a higher density that may feel cramped for buyers seeking significant private yard space or greater separation between units.
An exceptionally rare Mesa offering—two adjacent coastal residences spanning approximately .24 acres and totaling 2,700 square feet with 6 bedrooms and 4 baths—just one block from the beach, presenting a once-in-a-generation opportunity for multi-home living, legacy ownership, or high-performing investment in one of Santa Barbara's most coveted neighborhoods. Located on the prized Santa Barbara Mesa near Leadbetter Beach, the Harbor, Shoreline Park, and Santa Barbara City College, this unique pairing of two fully remodeled homes offers flexibility, scale, and lifestyle appeal that is almost never available so close to the sand. Together, the properties combine architectural sophistication, modern comfort, and outstanding rental demand within the highly sought-after Washington School .. District. 209 Barranca Avenue is an exquisitely redesigned coastal retreat, taken down to the studs and rebuilt with permits. This 2-bedroom, 2-bath home (with an additional extra bedroom/office/loft in the detached garage) showcases vaulted ceilings, exposed steel and wood beams, and a dramatic peninsula fireplace anchoring the open living space. The gourmet kitchen, seamless indoor/outdoor flow through dual French doors, and a luxurious primary suite with European-inspired spa bath elevate the home to a truly refined coastal residence. Outside, a private, lushly landscaped yard features multiple entertaining patios, a luxury spa, and a heated outdoor showercreating a serene, resort-like setting just moments from the beach. 1102 Del Mar complements the offering with a beautifully remodeled 4-bedroom, 2-bath home on a corner lot, just a three-minute walk to Leadbetter Beach. Thoughtfully updated with new bathrooms, kitchen, appliances, electrical panel, air conditioning, dual-pane windows, and drought-tolerant landscaping, the home features an airy open-concept layout filled with natural light. The private backyard is an entertainer's sanctuary with a 5-6 person jacuzzi, gas fire table, and multiple seating areas, while the fully fenced front yard beneath a mature jacaranda tree provides security and charm for families and pets alike. Together, these two adjacent properties offer unmatched versatilityideal for extended family living, owner-occupancy with income potential, or a strategic investment portfolio in one of Santa Barbara's most consistently desirable coastal locations. Opportunities of this caliber, scale, and proximity to the beach on the Mesa are extraordinarily rare.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 6.0 | 3.0 | 96% |
| Baths | 4.0 | 2.0 | 82% |
| Square foot | 2,700 | 1,720 | 81% |
| Lot Size | 10,454 | 8,712 | 67% |
| Price | $5.33M | $2.56M | 91% |
| Price per sq ft | $2.0K | $1.6K | 81% |
| Built year | 1947 | 1959 | 7% |
| HOA | $0 | $0 | 50% |
| Days on market | 88 | 200 | 12% |
Mar 11, 2026
$5,333,000
$5,510,000
-3% Price Drop
Initial Listing
Jan 24, 2026
$5,510,000
Initial Listing