118 E Islay Street, SANTA BARBARA, CA 93101, SANTA BARBARA, 93101 - 4 bed, 3 bath

118 E Islay Street, SANTA BARBARA, CA 93101 home-pic-0

118 E Islay Street

SANTA BARBARA, CA 93101

ACTIVE
CONDITION: EXCELLENT
4Beds
3Baths
3,257Sq Ft
10,018Lot Size

Property Price

LIST PRICE$4,950,000
EST. MARKET VALUE
$4,679,903
5% AboveMARKET VALUE

SUMMARY

Estimated Market Value

$4,679,903
Based on Realkey algorithm analyzing recent comparable sales in SANTA BARBARA.

Comparable Sales Map

Comparables within 1 miles sold in recently

Address Sold Price BedsBathsSq Ft$/SqftDistance
118 E Islay Street
Subject
$4,950,000*
List Price
433,257$1,437-
A
115 E Pedregosa Street
Sold
$3,900,000342,736$1,4250.1 mi
B
115 E Pedregosa Street
Active
$4,795,000
List Price
442,736$1,7530.1 mi

* Subject property listed price vs sold prices of comps.

Condition Analysis

OVERALL CONDITION SCORE

Excellent
TeardownExcellent

Property is new construction or fully renovated.

This 1887 Queen Anne Victorian has undergone a meticulous and impeccable authentic restoration, effectively bringing it to a turnkey, like-new condition. The property features a spectacularly redesigned modern kitchen with professional-grade appliances, a luxurious primary bathroom with high-end period-appropriate fixtures, and significant infrastructure updates including a newer roof, new upstairs A/C, and reinforced structural elements. The interior showcases pristine hardwood flooring, restored millwork, and updated electrical/lighting systems throughout, meeting the highest standards of quality and maintenance.

PROSSTRENGTHS & OPPORTUNITIES

  • Historic Architectural Integrity

    A meticulously restored 1887 Queen Anne Victorian by renowned architect Peter Becker, seamlessly blending authentic historic details with high-end modern finishes.

  • Prime Upper East Location

    Situated in a prestigious neighborhood just blocks from downtown’s arts district, offering a rare mid-block position that ensures low traffic and noise compared to surrounding streets.

  • ADU & Workshop Potential

    The property includes a versatile carriage house with a two-car garage, workshop, and loft space, providing an excellent opportunity for a guest house or ADU conversion.

CONSRISKS & DEFICIENCIES

  • Limited Cooling System

    While the upstairs features new A/C, the lack of central cooling on the main level may be a drawback for buyers during warmer Santa Barbara months.

  • High Maintenance Heritage

    As a wood-frame Victorian from 1887, the property will require specialized and ongoing upkeep to preserve its historic integrity and exterior finishes.

  • Semi-Urban Density

    Located in a semi-urban setting near the downtown core, the property may lack the expansive privacy and acreage found in other Santa Barbara luxury enclaves.

About 118 E Islay Street

Now available for sale is one of Santa Barbara's most iconic and amazing homes, at the beginning of the exclusive Upper East neighborhood just a few blocks to the heart of downtown. This gorgeous Queen Anne Victorian is one of the first grand homes built in this idyllic coastal town - in 1887 by prominent local financier Joseph Howard - and in recent years has been brought back to its full glory in a meticulous and impeccable authentic restoration. You will marvel at the historic details throughout, and the luxurious new conveniences incorporated in the restoration process by renowned historical architect Peter Becker, punctuated by a spectacularly-designed newer kitchen and primary bathroom. The turnkey property includes . . . an almost-new roof, new A/C for upstairs, re-built deck, added structural, outdoor kitchen, new irrigation, private low-maintenance yard areas, several fruit trees, and a carriage house which is now a 2-car garage plus workshop plus loft space above for a potential ADU. The location is ideal as it gets - at the beginning of Santa Barbara's Upper East neighborhood just 4-5 blocks to downtown's Theatre/Arts districts, with its many fine dining spots, world-class performing arts theaters, museums, boutique retail and parks. The mid-block location on a cross-street is rare for the semi-urban Upper East, providing a low-traffic low-noise refuge compared to much of the area. See vicinity map and floorplan under Documents. Don't miss this fantastic opportunity to purchase a one-of-a-kind gem!

Property Details

Public Facts

Property Type
Single Family Residence
Year Built
1887
Lot Size
10,018 Sq. Ft.

Interior

Total Bedrooms
4
Total Bathrooms
3 (3 Full, 0 Half)

Exterior & Parking

No exterior & parking available.

Utilities & Misc

HOA Fee
$0 / Month

Neighborhood Insights

Sensitive Facilities

No sensitive facilities data found.

Neighborhood Comparison

FeatureSubjectAverage HomeNeighborhood Ranking (50 Listings)
Beds4.03.0
88%
Baths3.02.0
68%
Square foot3,2571,267.5
98%
Lot Size10,0184,138.2
93%
Price$4.95M$1.43M
98%
Price per sq ft$1.5K$1.1K
78%
Built year18871929
5%
HOA$0$0
50%
Days on market414191
80%

Pricing History

Listed for Sale

Jan 17, 2025

$4,950,000

Initial Listing

Sold

Apr 7, 2015

$2,415,000

Public Record

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