
SANTA BARBARA, CA 93109
This Oceanfront Contemporary Retreat is a Strong Value Opportunity, listed at $7,650,000—positioned well below the $8,137,793 Fair Market Value by 5%. This valuation gap offers $487,793 in Instant Equity. Featuring a Condition Rating of 3, the Don Pedersen-designed home offers panoramic Pacific views, a European-inspired kitchen, and bamboo flooring. Situated in the Washington School District and a Short Term Rental Zone, it balances lifestyle luxury with high income potential. This is an elite acquisition for Owner-Occupants or Luxury Vacation Rental Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1312 Shoreline Drive Subject | $7,650,000* List Price | 4 | 3 | 3,100 | $2,625 | - |
A 1312 Shoreline Drive Active | $7,900,000 List Price | 4 | 3 | 3,100 | $2,548 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is in move-in ready condition with high-end designer finishes and modern amenities including bamboo flooring, a central vacuum system, and an EV charger. While built in 1997, the interior features a 'soft contemporary' aesthetic with a European-inspired kitchen and updated fixtures that suggest significant maintenance and partial updates. It fits the 'good' category as a well-maintained home where major systems are functional and the aesthetic remains current and high-quality without requiring immediate renovation.
Situated on the prestigious Shoreline Drive, this property offers rare front-row panoramic Pacific Ocean and sunset views with immediate proximity to the beach and local amenities.
Designed by renowned architect Don Pedersen and built by Giffin & Crane, the home features high-quality craftsmanship, soaring beamed ceilings, and a sophisticated soft-contemporary aesthetic.
Located within a sought-after Short Term Rental (STR) zone with potential for an ADU or studio, offering significant flexibility for personal use, income generation, or future value-add.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 3.
The direct oceanfront exposure, while beautiful, subjects the property to harsh salt air and moisture, which typically requires more frequent and costly exterior maintenance.
With a lot size of approximately 6,970 square feet, the outdoor space is relatively limited for a property at this price point, which may restrict extensive landscaping or large-scale expansion.
Oceanfront sanctuary where every day feels like a dream vacation. Elevated, private, and exceptionally quiet, this soft contemporary retreat by renowned architect Don Pedersen was built by Giffin & Crane. Front-row ocean & sunset views define this move-in ready home with 4 bd/3 ba & beautifully curated designer finishes. The Primary suite enjoys panoramic Pacific Ocean views with a fireplace, spa-like bath, 2 walk-in closets & private covered terrace. European-inspired Kitchen w/stone, top appliances & seamless indoor-outdoor flow leads to dramatic living spaces w/soaring beamed ceilings, skylights & doors opening to sunlit terraces. The garden oasis offers a private deck, hot outdoor shower, room for a Pool & moments to the beach-an effortless blend of coastal elegance. A/C, 2+ Car Garage Full of natural light from floor to ceiling glass doors and windows (with phenomenal ocean views), plus multiple skylights, creating a bright, peaceful environment throughout. Bamboo flooring is soft underfoot, and this home lives larger than it appears from the outside--both comfortable and stunning. Ideally positioned near Lazy Acres, the Farmer's Market, and local restaurants, offering a lifestyle of daily wellness and convenience. Wonderful ocean-view full-time home or dream vacation residence. The backyard offers expanded usable space with room for a potential pool and hot tub. Easy-care succulents and beautiful gardens. Private setting with a sense of elevation above the street, and quiet throughout. Beach gates and hot outdoor shower. Potential for a studio or ADU with kitchen (buyer to verify). Flexible spaces for indoor and outdoor offices, ideal for work-from-home or creative use. Clean reports available for ease of move-in. An architectural beauty with quality craftsmanship, thoughtfully designed with air conditioning, EV charger, central vacuum system, security system, and modern amenities that enhance comfort and ease. Designed for both relaxed everyday living and wonderful entertaining. Live your best coastal lifestyle in a walkable setting with oceanfront strolls, beauty in the grassy park, and stroll to local art shows. A rare opportunity to enjoy one of the area's most desirable coastal settings. Amazing property in a prime location in the in the cherished Washington School District. Potential to add future value. Furnishings may also be available for a seamless, move-in ready experience. Located within the sought-after Short Term Rental Vacation Rental Zone and great for longer term rentals, offering flexibility for personal use or potential income.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 67% |
| Baths | 3.0 | 2.0 | 53% |
| Square foot | 3,100 | 1,720 | 86% |
| Lot Size | 6,970 | 8,712 | 40% |
| Price | $7.65M | $2.56M | 95% |
| Price per sq ft | $2.5K | $1.6K | 89% |
| Built year | 1997 | 1959 | 95% |
| HOA | $0 | $0 | 50% |
| Days on market | 12 | 200 | 2% |
Apr 10, 2026
$7,650,000
Initial Listing
Jan 18, 2019
$2,200,000
Public Record
Feb 27, 2015
$3,295,000
Public Record
Dec 29, 1995
$410,000
Public Record