
Santa Barbara, CA 93108
This beachfront Single Family Residence represents a Strong Value Opportunity, listed at $7,595,000—positioned well below the $8,081,815 Fair Market Value by 6%. This valuation gap offers $486,815 in Instant Equity. Featuring a Condition Rating of 2 with high-end modern renovations, the property offers panoramic ocean views and a versatile duplex configuration. Its prime location near the Rosewood Miramar Beach Hotel makes this an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a luxury coastal retreat.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1508 Miramar Subject 2 bd · 4 ba · 1,550 sqft · $5,214 | $7,595,000* List Price | 2 | 4 | 1,550 | $5,214 | - |
A 1508 Miramar Active 2 bd · 4 ba · 1,550 sqft · $5,000 · 0.0 mi | $7,750,000 List Price | 2 | 4 | 1,550 | $5,000 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
While originally built in 1957, the property has undergone high-end modern renovations. The interior features updated modern kitchens, contemporary flooring, recessed lighting, and updated sliding glass doors, presenting in mint condition consistent with a renovation completed within the last 5 years.
Situated directly on the sand at the prestigious Miramar Beach, this property offers rare and immediate coastal access in one of Montecito's most coveted and exclusive locations.
Currently functioning as a duplex with two private one-bedroom units, the property provides unique flexibility for rental income, a multi-generational retreat, or conversion into a luxury single-family residence.
Located just moments from the iconic Rosewood Miramar Beach Hotel, residents have effortless access to world-class dining, spa services, and high-end resort amenities.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 2, other record bedroom count = 4.
The property has a small lot size, more than 70 percent of which is taken by its living area. lot size in square feet = 1742, living area = 1550.
At a list price of approximately $4,900 per square foot, the property represents a significant capital investment for a relatively small interior living space of 1,550 square feet.
Set directly on the sand at coveted Miramar Beach, this residence presents a rare opportunity to own one of Montecito's most prized forms of coastal real estate. Currently configured as a duplex, the property offers two private homes, each with one bedroom and two bathrooms, while also allowing the potential to be converted back into a single-family dwelling. Both homes capture sweeping ocean views and feature private entrances, upper and lower decks, bright interiors, updated modern kitchens, and fireplaces in the living rooms. A private gated entry, designated parking, and an outdoor shower add to the ease and privacy of this exceptional setting. Just moments from the iconic Rosewood Miramar Beach Hotel, with its celebrated dining, spa, and resort amenities, this offering provides an unparalleled combination of privacy, proximity, and effortless access to the best of Montecito's lifestyle. Whether envisioned as a sophisticated single-family retreat, a flexible dual-residence property, or an investment opportunity, its versatility is as compelling as the location itself. Secure a unique piece of the coast and spend mornings on the sand, evenings watching the sun set over the Pacific from your backyard, and enjoy beachfront living at its finest.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 3.4 |
| Baths | 4.0 | 3.2 |
| Square foot | 1,550 | 2,768.185 |
| Lot Size | 1,742 | 20,827.852 |
| Price | $7.59M | $4.30M |
| Price per sq ft | $4.9K | $1.6K |
| Built year | 1957 | 1959 |
| HOA | $283 | $3.2K |
| Days on market | 45 | 89 |
Sep 9, 2026
$7,595,000
Initial Listing
Jan 21, 2016
$5,225,000
Public Record