123 Polo Way, SANTA BARBARA, CA 93013, SANTA BARBARA, 93013 - 3 bed, 4 bath
123 Polo Way
SANTA BARBARA, CA 93013
Property Price
SUMMARY
Analysis of 123 Polo Way, SANTA BARBARA, CA 93013 reveals a Fairly Priced Property with a current list price of $3,400,000 aligned with the estimated $3,400,000 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 |
|---|---|---|---|---|---|---|
★ 123 Polo Way Subject | $3,400,000* List Price | 3 | 4 | 2,528 | $1,345 | - |
A 105 Polo Way Active | $4,300,000 List Price | 3 | 4 | 2,528 | $1,701 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is new construction or fully renovated.
This is a brand-new 2025 luxury construction featuring a coastal modern farmhouse aesthetic. The property is in pristine condition with high-end finishes, including Sub-Zero and Wolf appliances, modern open floorplans, and premium fixtures, meeting the highest standards for new builds.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Coastal Location
Situated minutes from Montecito and beaches, the property offers front-row views of the historic Santa Barbara Polo & Racquet Club and stunning mountain vistas.
- Modern Luxury Construction
As a brand-new 2025 build, the home features a coastal modern farmhouse aesthetic with high-end Sub-Zero and Wolf appliances and a contemporary open floorplan.
- Seamless Indoor-Outdoor Flow
The residence is designed with airy interiors and large transitions to expansive outdoor living areas, maximizing the coastal climate and lifestyle.
CONSRISKS & DEFICIENCIES
- Premium Pricing
At a list price of $3.4 million for a 3-bedroom home on a modest 0.19-acre lot, the property carries a significant price-per-square-foot premium.
- Event Proximity
Being adjacent to the Santa Barbara Polo & Racquet Club may result in increased local traffic and noise during high-profile matches and seasonal events.
About 123 Polo Way
Introducing Polo Residences - Coastal Luxury at Its Finest. Nestled minutes from the beaches, downtown Santa Barbara, and Montecito, Polo Residences offers a rare opportunity to own a piece of California's most coveted coastline. This brand-new luxury enclave features exquisite 3 and 4 bedroom homes, ranging from 2,500 to 4,000 square feet, each thoughtfully crafted in a coastal modern farmhouse style. Designed for both elegance and ease, the residences boast open floorplans, airy interiors, and seamless transitions to generous outdoor living spaces—perfect for savoring the coastal breeze and golden sunsets. Enjoy breathtaking mountain vistas and front-row views of the historic Santa Barbara Polo & Racquet Club, your prestigious neighbor. **These images of from our model unit Lot 12. Every home is appointed with top-of-the-line Sub-Zero and Wolf appliances, elevating culinary experiences to gourmet standards. Whether you're seeking a serene retreat or a stylish entertainer's haven, Polo Residences offers the perfect blend of refined design, natural beauty, and coastal charm.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 2025
- Lot Size
- 8,276 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 4 (4 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $400 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.5 | 50% |
| Baths | 4.0 | 3.0 | 74% |
| Square foot | 2,528 | 1,603 | 83% |
| Lot Size | 8,276 | 6,534 | 69% |
| Price | $3.40M | $1.70M | 79% |
| Price per sq ft | $1.3K | $1.0K | 67% |
| Built year | 2025 | 1964 | 93% |
| HOA | $400 | $0 | 90% |
| Days on market | 284 | 184 | 88% |
Pricing History
Listed for Sale
May 27, 2025
$3,400,000
Initial Listing