1381 E Valley Road, Santa Barbara, CA 93108, Santa Barbara, 93108 - 3 bed, 2 bath
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Santa Barbara, CA 93108
This Ultra-Luxury Montecito Estate is listed at $11,500,000, representing a premium 2017-built retreat near the Upper Village. While priced above the $10,243,238 Fair Market Value, the valuation reflects its Mint Condition Rating and high-design features including steel windows, marble baths, and a Parisian-inspired guest villa. The lush one-acre grounds provide panoramic mountain views, a pool, spa, and sports court, ensuring a resort-caliber experience. This turnkey sanctuary is the ultimate lifestyle acquisition for discerning luxury buyers or Owner-Occupants seeking privacy and architectural excellence.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1381 E Valley Road Subject | $11,500,000* List Price | 3 | 2 | 3,933 | $2,604 | - |
A 2760 Sycamore Canyon Road Sold | $8,965,000 | 4 | 5 | 3,837 | $2,336 | 0.5 mi |
B 2760 Sycamore Canyon Road Sold | $8,965,000 | 4 | 5 | 3,837 | $2,336 | 0.5 mi |
C 796 Hot Springs Road Pending | $8,995,000 List Price | 3 | 4 | 4,196 | $2,144 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
The property is a 2017-built estate, making it less than 10 years old. It features high-end modern finishes, including marble baths, steel windows, and a designer kitchen, all in mint condition with modern systems.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 44867, living area = 3933.
Rebuilt in 2017, this estate features high-end architectural details including steel windows, beamed ceilings, and marble baths, offering a contemporary and glamorous aesthetic rarely found in the area.
The one-acre grounds are fully optimized for a resort lifestyle, featuring a pool, cabana, spa, sports court, and multiple fire features that facilitate seamless indoor-outdoor living.
With only three bedrooms in the main residence, the property may lack the capacity required by larger families or buyers seeking more dedicated interior space at this $11.5M price point.
The recent price reduction from $12.25M to $11.5M suggests the property may have faced challenges with initial market absorption, potentially impacting buyer perception of value.
Unlike anything else on the market, this 2017-built Montecito estate blends high design with effortless glamour. Tucked down a private drive near the Upper Village, the gated retreat offers privacy and style across one lush acre. The 3BD/4.5BA single-level home boasts beamed ceilings, marble baths, steel windows, and seamless indoor/outdoor living. The primary wing features 3 garden patios, dual baths, and dressing rooms. A chic Parisian-inspired guest villa adds 885 sq. ft. with 3BD/1.5BA and 14-ft ceilings. Manicured grounds include a pool, cabana, spa, fire features, fountains, and sports court. A rare Montecito offering, where every day feels like an escape from the outside world.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 0.0 |
| Baths | 2.0 | 0.0 |
| Square foot | 3,933 | - |
| Lot Size | 44,867 | - |
| Price | $11.50M | $2.43M |
| Price per sq ft | $2.9K | $1.3K |
| Built year | 1954 | 0 |
| HOA | $0 | $0 |
| Days on market | 327 | 60 |
Apr 26, 2026
$11,500,000
$12,250,000
-6% Price Drop
Initial Listing
Aug 29, 2025
$12,250,000
Initial Listing
Aug 26, 2013
$2,865,000
Public Record