
SANTA BARBARA, CA 93103
This Contemporary Spanish-style residence is a Strong Value Opportunity, with a List Price of $3,295,000—positioned well below the $3,541,933 Fair Market Value by 6%. This valuation gap provides $246,933 in Instant Equity. Featuring a Condition Rating of 3, the home includes panoramic ocean and harbor views, a south-facing pool and spa, and a primary suite with a private sauna. Located on a rare half-acre in the Riviera, it is an ideal acquisition for Owner-Occupants seeking lifestyle luxury or Value-Driven Buyers looking for a high-equity asset in a premier neighborhood.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1403 Alameda Padre Serra Subject | $3,295,000* List Price | 4 | 3 | 2,971 | $1,192 | - |
A 1302 Hillcrest Road Sold | $3,100,000 | 4 | 3 | 2,819 | $1,100 | 0.5 mi |
B 1808 Loma Street Active | $3,099,000 List Price | 5 | 5 | 2,669 | $1,161 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 1976, the property shows evidence of high-quality renovations likely performed 10-20 years ago. The kitchen features stone countertops and integrated appliances, and the bathrooms are updated with jetted tubs and modern tiling. The home is exceptionally well-maintained, functional, and move-in ready.
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.
The property boasts breathtaking, unobstructed vistas of the Pacific Ocean, Channel Islands, and Santa Barbara harbor from nearly every primary living space, significantly driving its premium value.
Situated on a rare half-acre lot, the home features a south-facing pool, spa, and mature landscaping with stone paths, offering a private oasis that is highly coveted in this neighborhood.
Built in 1976, the property may require capital improvements or aesthetic updates to align with the high-end luxury expectations of modern Santa Barbara buyers.
The current list price is significantly lower than the 2023 sale price of $4.465M, which may suggest a distressed sale or previous overvaluation, requiring thorough due diligence.
Perched on a peaceful half-acre in Santa Barbara's sought-after Riviera, this contemporary Spanish-style residence offers sweeping views of the ocean, islands, harbor, and city lights. With four bedrooms and three baths, the home is designed to take full advantage of its remarkable setting, with ocean views enjoyed from the living room, dining room, kitchen, and primary suite. Soaring windows, high ceilings, and three fireplaces create an inviting sense of scale and warmth, while multiple terraces encourage effortless indoor-outdoor living. Privately situated apart from the secondary bedrooms, the primary suite features its own view terrace and fireplace, along with a spacious bath with dual vanities, soaking tub, shower, and sauna. Outside, a rare south-facing pool and spa are surrounded by mature landscaping, patios, and sitting areas connected by a winding stone path beneath majestic oaks. With a two-car garage and additional off-street parking, this is a rare opportunity to enjoy privacy, views, and classic Santa Barbara style in one of the city's most desirable neighborhoods.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 63% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 2,971 | 2,428 | 79% |
| Lot Size | 23,958 | 10,454.4 | 84% |
| Price | $3.29M | $3.00M | 63% |
| Price per sq ft | $1.1K | $1.7K | 26% |
| Built year | 1976 | 1929 | 84% |
| HOA | $0 | $0 | 50% |
| Days on market | 55 | 198 | 5% |
Apr 20, 2026
$3,295,000
Initial Listing
Jun 7, 2023
$4,465,000
Public Record