1109 Las Olas Avenue, SANTA BARBARA, CA 93109, SANTA BARBARA, 93109 - 4 bed, 3 bath
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SANTA BARBARA, CA 93109
Analysis of 1109 Las Olas Avenue, SANTA BARBARA, CA 93109 reveals a property with a current list price of $3,650,000, which is 13% above the estimated $3,142,334 Fair Market Value. Buyers should carefully evaluate the pricing and consider negotiation opportunities. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. Located in a high-demand neighborhood within the SANTA BARBARA Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1109 Las Olas Avenue Subject | $3,650,000* List Price | 4 | 3 | 1,464 | $2,146 | - |
A 530 Ricardo Avenue Sold | $2,700,000 | 4 | 2 | 1,435 | $1,882 | 0.9 mi |
B 611 Miramonte Drive Sold | $3,910,000 | 3 | 3 | 1,744 | $2,242 | 0.4 mi |
C 1102 Del Mar Avenue Active | $2,720,000 List Price | 4 | 2 | 1,300 | $2,092 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Despite being built in 1926, this property has undergone extensive and high-quality modern renovations, as evidenced by the images and description. The main kitchen features new white shaker cabinets, quartz countertops, a farmhouse sink, and professional-grade stainless steel appliances (Viking range). Both main residence bathrooms are fully updated with modern vanities, subway tile, glass shower enclosures, and contemporary fixtures. The ADU also boasts a new, stylish kitchenette and bathroom. Flooring throughout is new wood-look laminate/engineered wood, and lighting is modern recessed or decorative. All components appear new or virtually new, reflecting current quality standards and a recent, comprehensive overhaul.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7840, living area = 1464.
Situated in one of the Mesa's most desirable neighborhoods, offering convenient access to Leadbetter Beach, Shoreline Park, the Harbor, Mesa Village, and Washington Elementary.
Features a fully permitted Accessory Dwelling Unit (ADU) with vaulted ceilings, a full kitchen, bath, and AC, providing excellent potential for guest accommodation or rental income.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1464, other record living area = 1818.
Built in 1926, the main residence, despite modern upgrades, may present ongoing maintenance considerations typical of older homes.
While the ADU includes AC, the description does not specify a cooling system for the main residence, which could be a drawback during warmer periods.
Located in one of the Mesa's most desirable neighborhoods, this Spanish-style home blends timeless charm with modern upgrades and a coastal feel. The single-level main residence offers 3 bedrooms and 2 baths, plus a fully permitted ADU with vaulted ceilings, full kitchen and bath, and AC - ideal for guests or rental income. A full-footprint basement provides ample storage and utility access. Inside, vaulted ceilings, abundant natural light, and vintage-meets-modern details create a warm, inviting atmosphere. Lush, mature landscaping enhances privacy and a resort-like setting. The front yard features a tiled patio, built-in firepit, and lounge area, while the south-facing backyard deck captures ocean views and overlooks the .18-acre lot with fruit trees and water feature. Minutes to Leadbetter Beach, Shoreline Park, the Harbor, Mesa Village, and Washington Elementary, this home offers classic Spanish style, ocean views, and flexible living options on the Mesa.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 67% |
| Baths | 3.0 | 2.0 | 53% |
| Square foot | 1,464 | 1,666 | 37% |
| Lot Size | 7,840.8 | 8,712 | 46% |
| Price | $3.65M | $2.56M | 68% |
| Price per sq ft | $2.5K | $1.6K | 89% |
| Built year | 1926 | 1959 | 4% |
| HOA | $0 | $0 | 50% |
| Days on market | 135 | 200 | 26% |
Dec 8, 2025
$3,650,000
Initial Listing
May 26, 2023
$3,490,000
Public Record
Aug 29, 2017
$1,770,000
Public Record
Oct 7, 2011
$798,500
Public Record
Oct 7, 2011
$798,500
Public Record
Oct 27, 2010
$400,000
Public Record