118 E Islay Street, SANTA BARBARA, CA 93101, SANTA BARBARA, 93101 - 4 bed, 2 bath
Loading property details...
SANTA BARBARA, CA 93101
This Restored 1887 Queen Anne Victorian is a Stunning Move-In Ready Home listed at $4,850,000, representing a stable acquisition for a landmark estate near its $4,591,510 Fair Market Value. Meticulously revitalized by architect Peter Becker, the residence features a high-end designer kitchen and a luxurious primary suite, maintaining a Like-New Condition Rating. The property offers a versatile carriage house with ADU potential and a private deck in the prestigious Upper Eastside. This turnkey sanctuary is the perfect fit for luxury homeowners or historic architecture enthusiasts seeking a refined coastal lifestyle.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 118 E Islay Street Subject | $4,850,000* List Price | 4 | 2 | 3,257 | $1,410 | - |
A 115 E Pedregosa Street Sold | $3,900,000 | 3 | 4 | 2,736 | $1,425 | 0.1 mi |
B 118 E Islay Street Active | $4,950,000 List Price | 4 | 3 | 3,257 | $1,520 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although built in 1887, this Queen Anne Victorian has undergone a meticulous and impeccable authentic restoration that places it in like-new condition. The property features a high-end designer kitchen with professional-grade Viking appliances, custom cabinetry, and stone countertops. The bathrooms have been updated with premium vintage-style fixtures. With newer roofs, updated upstairs A/C, and flawless interior finishes including polished hardwood floors and restored woodwork, the home meets the highest standards of quality with no visible deferred maintenance.
This 1887 Queen Anne Victorian has undergone an impeccable restoration by renowned architect Peter Becker, seamlessly blending authentic historic details with modern luxury upgrades like a designer kitchen and primary bath.
Ideally situated just blocks from downtown’s Theatre and Arts districts, the property offers a rare mid-block location that provides a quiet, low-traffic refuge while remaining close to world-class dining and retail.
The property features a versatile carriage house with a two-car garage, workshop, and a loft space, offering an excellent opportunity to create an Accessory Dwelling Unit (ADU) for guests or rental income.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 3257, other record living area = 3182.
With only two bathrooms serving a four-bedroom, 3,257-square-foot residence, the bathroom-to-bedroom ratio may be considered insufficient for luxury buyers or larger families.
While the upstairs features new air conditioning, the lack of a cooling system for the main level may be a concern during warmer months, especially in a historic home of this scale.
118 East Islay is one of Santa Barbara's finest and most notable homes, and conveniently located at the beginning of the exclusive Upper East neighborhood just a few blocks to the heart of downtown. The gorgeous Queen Anne Victorian was one of the first grand homes built in Santa Barbara - 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 an ingeniously-designed newer kitchen and primary bathroom. The turnkey property also includes newer roofs, new A/C for upstairs, 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 the opportunity to secure a notable Santa Barbara jewel.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 86% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 3,257 | 1,301 | 98% |
| Lot Size | 10,018 | 4,791 | 90% |
| Price | $4.85M | $1.50M | 98% |
| Price per sq ft | $1.5K | $1.2K | 76% |
| Built year | 1887 | 1930 | 4% |
| HOA | $0 | $0 | 50% |
| Days on market | 21 | 217 | 2% |
Apr 1, 2026
$4,850,000
Initial Listing
Apr 7, 2015
$2,415,000
Public Record