1403 Alameda Padre Serra, SANTA BARBARA, CA 93103, SANTA BARBARA, 93103 - 4 bed, 3 bath

1403 Alameda Padre Serra, SANTA BARBARA, CA 93103 home-pic-0
ACTIVE$3,650,000/sqft
1403 Alameda Padre Serra, SANTA BARBARA, CA 93103
4Beds
3Baths
Sqft
23,958Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
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 = 23958, living area = 2971.
Top Cons:
Significant Price Reduction: The current listing price of $3.65M is substantially lower than its last recorded sale price of $4.465M in 2023, which may raise questions about market value or previous overvaluation.

Compared to the nearby listings

Price:$3.65M vs avg $2.13M (+$1,519,000)92%
Size: sqft vs avg 1,475 sqft26%
Price/sqft:$0 vs avg $79138%

More Insights

Built in 1976 (50 years old).
Condition: Built in 1976, this property is well-maintained and move-in ready, but the kitchen features traditional wood cabinetry and dark granite countertops that appear dated. While the primary bathroom is 'spa-inspired' with a sauna, its ornate vanities and tile choices reflect an older renovation style. Secondary bathrooms show more obvious signs of being outdated. The property is functional and clean, but would benefit from cosmetic updates to align with current design trends.
Year Built
1976
Close
-
List price
$3.65M
Original List price
-
Price/Sqft
$0
HOA
$0
Days on market
-
Sold On
-
MLS number
25-2946
Home ConditionFair
Features
Excellent View:
Deck
Pool
Spa
Patio
View-

About this home

Welcome to this stunning contemporary Spanish-style residence, ideally located in Santa Barbara's coveted Riviera neighborhood. Perched on a serene half-acre, this exceptional home captures sweeping, unobstructed views of the ocean, islands, harbor, and city lights. With four bedrooms and three baths, the residence showcases ocean views from the living room, dining room, kitchen, and primary suite. Soaring 16-foot windows, high ceilings, and three fireplaces create a warm, luxurious atmosphere, while multiple terraces seamlessly blend indoor and outdoor living. The private primary suite, set apart from the other bedrooms, offers its own ocean-view terrace and fireplace—an ideal retreat. The spa-inspired primary bath includes dual vanities, a soaking tub, shower, and sauna Quintessential Santa Barbara Style -white stucco exterior, red tile roof and native plantings. Outdoor living shines with a rare south-facing pool and spa, surrounded by beautifully landscaped grounds. A meandering stone pathway winds through majestic oak trees, leading to multiple patios and peaceful sitting areas perfect for taking in the coastal views and sunsets. With a two-car garage and additional parking for up to four vehicles, this Riviera property offers the perfect combination of privacy, elegance, and functionality. Whether as a weekend getaway or full-time residence, this home is an unparalleled opportunity to experience Santa Barbara living at its finest.

J
Jeff Oien
Listing Agent

Price History

Date
Event
Price
06/07/23
Sold
$4,465,000
Condition Rating
Fair

Built in 1976, this property is well-maintained and move-in ready, but the kitchen features traditional wood cabinetry and dark granite countertops that appear dated. While the primary bathroom is 'spa-inspired' with a sauna, its ornate vanities and tile choices reflect an older renovation style. Secondary bathrooms show more obvious signs of being outdated. The property is functional and clean, but would benefit from cosmetic updates to align with current design trends.
Pros & Cons

Pros

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 = 23958, living area = 2971.
Panoramic Ocean & City Views: The property offers sweeping, unobstructed views of the ocean, islands, harbor, and city lights from multiple key rooms and terraces, significantly enhancing its desirability and value.
Coveted Riviera Location: Situated in Santa Barbara's highly desirable Riviera neighborhood, known for its prestige, serene environment, and scenic beauty.
Exceptional Outdoor Living: Features a rare south-facing pool and spa, multiple terraces, and beautifully landscaped half-acre grounds with mature oak trees, providing abundant space for relaxation and entertaining.
Luxurious Spanish-Style Architecture: A stunning contemporary Spanish-style residence with soaring 16-foot windows, high ceilings, three fireplaces, and a spa-inspired primary bath, embodying quintessential Santa Barbara elegance.
Ample Parking & Privacy: Offers a two-car garage and additional parking for up to four vehicles, combined with a serene half-acre lot that ensures a high degree of privacy.

Cons

Significant Price Reduction: The current listing price of $3.65M is substantially lower than its last recorded sale price of $4.465M in 2023, which may raise questions about market value or previous overvaluation.
Age of Construction: Built in 1976, the property's age, despite its 'contemporary Spanish-style,' might imply older systems or components that could require future maintenance or upgrades, as no comprehensive recent renovation is explicitly mentioned.
Potential for Interior Updates: While the primary bath is described as 'spa-inspired,' the description does not explicitly detail recent modernizations or renovations throughout the rest of the interior, which might lead to expectations of further investment for contemporary finishes or systems.
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