
MONTECITO, CA 93108
Analysis of 159 Loureyro Road, MONTECITO, CA 93108 is currently available with a list price of $2,950,000. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. Located in a high-demand neighborhood within the MONTECITO Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Property is new construction or fully renovated.
This property is a brand-new 2026 rebuild in mint condition. It features high-end finishes including Calcutta Viola stone countertops, Wolf appliances, waxed plaster walls, and new systems throughout. No maintenance is required.
The property features premium materials including Calcutta Viola stone, waxed plaster walls, and pitched beam ceilings, creating a sophisticated and refined aesthetic.
Situated in the desirable Montecito coastal zone near top beaches, the home offers significant investment appeal with strong short-term rental income potential.
The grounds are expertly designed with a limestone terrace, outdoor fireplace, and separate office space, effectively extending the functional living area into the private landscape.
The property was recently sold within the past year on 2025-09-18. The sold price is $1,575,000.00.
At 830 square feet for nearly $3 million, the property commands a significant premium that may challenge buyers seeking more interior volume.
With only one bathroom serving two bedrooms, the layout may be restrictive for certain buyers or guests, potentially limiting the property's utility.
Tucked beneath a canopy of mature trees, a newly rebuilt 2-bedroom, 1-bath Montecito pied-à-terre offers an earthy yet refined feel. The great room is anchored by soft-toned Calcutta Viola stone counters & high-end appliances, complemented by arched doorways, waxed plaster walls, stone fireplace, pitched beam ceilings, & bi-folding doors. A finished one-car garage & separate office provide flexibility. The back gardens are thoughtfully designed with a stone fireplace, limestone terrace, outdoor shower, & raised vegetable beds, & lawn. Located in the coastal zone just moments from the best beaches, this newly transformed property offers a compelling opportunity for both personal use & investment, with strong short-term rental income potential.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 4.0 | 9% |
| Baths | 1.0 | 4.0 | 6% |
| Square foot | 830 | 3,601 | 8% |
| Lot Size | 6,534 | 40,075.199 | 11% |
| Price | $2.95M | $5.30M | 24% |
| Price per sq ft | $3.6K | $1.7K | 94% |
| Built year | 2026 | 1981 | 99% |
| HOA | $0 | $0 | 50% |
| Days on market | 7 | 238 | 1% |
Apr 15, 2026
$2,950,000
Initial Listing
Sep 18, 2025
$1,575,000
Public Record
Oct 29, 1999
$450,000
Public Record