1196 E Mountain Drive, Santa Barbara, CA 93108, Santa Barbara, 93108 - 6 bed, 11 bath
1196 E Mountain Drive
Santa Barbara, CA 93108
Property Price
SUMMARY
Analysis of 1196 E Mountain Drive, Santa Barbara, CA 93108 reveals a Fairly Priced Property with a current list price of $29,995,000 aligned with the estimated $29,995,000 Fair Market Value. This represents a stable investment opportunity at market rate. 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.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1196 E Mountain Drive Subject | $29,995,000* List Price | 6 | 11 | 10,851 | $2,764 | - |
A 1196 East Mountain Drive Active | $29,995,000 List Price | 6 | 11 | 10,851 | $2,764 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is new construction or fully renovated.
Despite being built in 2004, the listing explicitly states 'newly renovated estate,' and the images confirm this. The kitchen features high-end, modern appliances, custom cabinetry, and luxurious marble countertops and backsplash, appearing virtually new. Bathrooms are equally impressive with contemporary fixtures, freestanding tubs, glass-enclosed showers, and stylish tile work. Wide-plank wood floors, modern light fixtures, and impeccable overall finishes throughout the property indicate a recent, extensive renovation to current luxury standards, with no signs of wear or deferred maintenance.
PROSSTRENGTHS & OPPORTUNITIES
- High Available Lot Utilization
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 284011, living area = 10851.
- Unrivaled Views & Location
Nestled in the exclusive Montecito hills, this estate offers unmatched panoramic ocean, island, and mountain views from a highly sought-after and prestigious address.
- Newly Renovated Luxury Estate
The property has been newly renovated, featuring a grand main residence with soaring ceilings, wide-plank wood floors, and a 'showstopping kitchen,' reflecting modern high-end luxury.
CONSRISKS & DEFICIENCIES
- Ultra-Luxury Price Point
The nearly $30 million asking price places this property in a highly exclusive market segment, significantly limiting the pool of potential buyers.
- Substantial Ongoing Maintenance
A property of this magnitude (over 10,000 sqft, 6.5 acres, multiple structures, pool, spa, gardens) will incur considerable ongoing costs for maintenance, utilities, and property taxes.
- Niche Market Appeal
While luxurious, the property's grandeur and extensive features cater to a very specific ultra-luxury demographic, which can sometimes lead to longer market times compared to broader market properties.
About 1196 E Mountain Drive
Nestled in the hills of Montecito, this newly renovated estate offers unmatched panoramic ocean, island, and mountain views. The grand main residence features soaring ceilings, wide-plank wood floors, arched French doors, a showstopping kitchen, a formal dining room, and a luxe primary suite with dual bathrooms and closets. Three additional bedroom suites, two guest houses, and stunning outdoor spaces; complete with an outdoor kitchen, pool, spa, gardens, and multiple terraces, create an unmatched living experience in a private gated setting.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 2004
- Lot Size
- 284,011 Sq. Ft.
Interior
- Total Bedrooms
- 6
- Total Bathrooms
- 11 (11 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 | 6.0 | 4.0 | 90% |
| Baths | 11.0 | 5.0 | 98% |
| Square foot | 10,851 | 3,784 | 98% |
| Lot Size | 284,011 | 43,560 | 98% |
| Price | $30.00M | $5.49M | 98% |
| Price per sq ft | $2.8K | $1.6K | 92% |
| Built year | 2004 | 1973 | 85% |
| HOA | $0 | $0 | 50% |
| Days on market | 281 | 239 | 64% |
Pricing History
Listed for Sale
May 30, 2025
$29,995,000
Initial Listing