
SANTA BARBARA, CA 93109
This Stunning Coastal Sanctuary is a Strong Value Opportunity, listed at $7,650,000—positioned well below the $8,162,593 Fair Market Value by 6%. This valuation gap offers $512,593 in Instant Equity for the buyer. Featuring an Excellent Condition Rating, this residence boasts panoramic ocean views, a European-inspired kitchen, and ADU potential within the Washington School District. It is an ideal acquisition for Luxury Homeowners or Strategic Investors seeking a high-end, income-flexible asset in a premier location.
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 | $2,633 | - |
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 new construction or fully renovated.
While built in 1997, the property has undergone a high-end contemporary renovation featuring a modern European-inspired kitchen with premium appliances and stone counters, along with updated spa-like bathrooms. The inclusion of modern systems such as air conditioning, an EV charger, and a central vacuum system, combined with the mint condition shown in images, qualifies it for an excellent rating.
Situated on the coveted 'front-row' of Shoreline Drive, this property offers unobstructed panoramic ocean views and immediate access to beaches, parks, and the Mesa’s top amenities.
Renovated by renowned architect Don Pedersen and built by Giffin & Crane, the home features superior craftsmanship, soaring beamed ceilings, and high-end finishes that blend luxury with coastal comfort.
Located in a rare Short-Term Rental zone with space for a potential ADU or studio, providing significant flexibility for investment income or property value appreciation.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 3.
With a list price of $7.65M for a 3,100 sqft home on a sub-7,000 sqft lot, the property commands a significant market premium that may challenge appraisal values for some buyers.
Despite the elevated design for privacy, the Shoreline Drive location is a high-traffic thoroughfare for tourists and locals, which may result in ambient noise during peak beach hours.
Wake to Panoramic Ocean Views and enjoy Golden Sunsets from this effortless Luxury Front-Row retreat with vivid blue water views from nearly every room. Thoughtfully elevated by renowned architect Don Pedersen, creating rare privacy & quiet while showcasing close-up views of passing sailboats & dolphins. This soft contemporary 4 bd/3 ba residence built by Giffin & Crane has curated designer finishes. The Primary suite features stunning sea views, a fireplace, spa-like bath, 2 walk-in closets & private terrace overlooking the Pacific. European-inspired Kitchen w/stone counters & top appliances opens to dramatic living spaces w/soaring beamed ceilings, skylights, & indoor-outdoor flow to sunlit terraces. Lush gardens w/private deck, hot outdoor shower, room for a Pool & moments to the Beach. 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 | 55% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 3,100 | 1,972 | 85% |
| Lot Size | 6,970 | 7,840 | 48% |
| Price | $7.65M | $2.90M | 97% |
| Price per sq ft | $2.5K | $1.7K | 91% |
| Built year | 1997 | 1958 | 91% |
| HOA | $0 | $0 | 50% |
| Days on market | 14 | 186 | 3% |
May 23, 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