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

118 E Islay Street
SANTA BARBARA, CA 93101
Property Price
SUMMARY
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 118 E Islay Street Subject | $4,950,000* List Price | 4 | 3 | 3,257 | $1,437 | - |
A 115 E Pedregosa Street Sold | $3,900,000 | 3 | 4 | 2,736 | $1,425 | 0.1 mi |
B 115 E Pedregosa Street Active | $4,795,000 List Price | 4 | 4 | 2,736 | $1,753 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
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
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 88% |
| Baths | 3.0 | 2.0 | 68% |
| Square foot | 3,257 | 1,267.5 | 98% |
| Lot Size | 10,018 | 4,138.2 | 93% |
| Price | $4.95M | $1.43M | 98% |
| Price per sq ft | $1.5K | $1.1K | 78% |
| Built year | 1887 | 1929 | 5% |
| HOA | $0 | $0 | 50% |
| Days on market | 414 | 191 | 80% |
Pricing History
Listed for Sale
Jan 17, 2025
$4,950,000
Initial Listing
Sold
Apr 7, 2015
$2,415,000
Public Record
































