
SANTA BARBARA, CA 93109
This Coastal Multi-Generational Residence is a Strong Value Opportunity, listed at $3,849,000—positioned well below the $4,208,983 Fair Market Value by 8%. This valuation gap provides $359,983 in Instant Equity. Maintaining a Condition Rating of 3, the property features ocean and island views, a private spa, and a versatile layout with dual primary suites and an upstairs kitchenette. Located in the coveted Mesa neighborhood, its proven rental history offers significant income potential. This is an ideal acquisition for Owner-Occupants or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1624 Shoreline Drive Subject | $3,849,000* List Price | 5 | 4 | 3,417 | $1,232 | - |
A 214 Via Sevilla Sold | $4,383,000 | 5 | 4 | 3,144 | $1,394 | 0.8 mi |
B 1640 La Vista Del Oceano Drive Sold | $4,300,000 | 4 | 3 | 3,127 | $1,375 | 0.5 mi |
C 305 Mesa Lane Active | $3,200,000 List Price | 6 | 5 | 2,898 | $1,104 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is move-in ready and has undergone significant renovations to modernize its 1958 construction. It features updated stainless steel appliances, high-quality vaulted wood-planked ceilings, and a mix of newer hardwood and well-maintained carpeting. While some finishes like the kitchen tile and certain light fixtures are not brand new, the home is well-maintained with no immediate repairs required.
Situated in the highly coveted Mesa neighborhood just moments from the shoreline, this property offers immediate access to the beach and a quintessential Santa Barbara lifestyle.
With five bedrooms, dual primary suites (one on each level), and an upstairs kitchenette, the floor plan provides exceptional flexibility for extended families or high-end guest hosting.
The property features a documented history as a successful vacation rental, making it an attractive turnkey opportunity for investors or owners looking to offset costs.
Located on Shoreline Drive, the property may experience higher levels of vehicular noise and foot traffic due to its proximity to popular beach access points and parks.
Originally built in 1958, the home may require ongoing maintenance or updates to its core systems to meet modern efficiency and performance standards compared to newer constructions.
Just moments from the shoreline, a home awaits where coastal living unfolds with ease and charm. From the moment you arrive, the front garden sets the tone with a spa and seating area that invite you to pause, unwind, and savor the sun. Inside, the entry opens to the living room, a welcoming gathering space that flows effortlessly into the kitchen. Designed for connection, the kitchen extends directly to the backyard, creating an ideal setting for al fresco dining and easy indoor-outdoor living. Here, an outdoor shower adds a touch of coastal ease, perfect after beach days or afternoons in the garden. Down the hallway, three comfortable bedrooms offer retreat, including one with French doors that open to the backyard, blending comfort with the outdoors. Upstairs, the heart of the home reveals itself. A spacious den with soaring wood planked ceilings and a fireplace creates a warm, inviting hub for gatherings, complemented by an adjoining playroom and a convenient kitchenette. From this central space, a balcony extends the living area outdoors where a fire pit and cozy seating provide the perfect setting for sunsets, laughter, and quiet moments alike. Two additional bedrooms complete the level, one of which serves as a generous primary suite with its own bathroom and private deck. With two primary suites, one conveniently located on the entry level and another upstairs with its own private deck, this residence offers an ideal layout for multi-generational living, extended guests, or the ultimate in personal flexibility. With five bedrooms in all and front and back yards designed for entertaining and relaxation, the home tells the story of a lifestyle shaped by the coast where every day feels like a seamless blend of comfort, connection, and natural beauty, while also offering a coveted rental opportunity with a proven history for either personal enjoyment or vacation use.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 3.0 | 89% |
| Baths | 4.0 | 2.0 | 82% |
| Square foot | 3,417 | 1,720 | 96% |
| Lot Size | 7,841 | 8,712 | 47% |
| Price | $3.85M | $2.56M | 70% |
| Price per sq ft | $1.1K | $1.6K | 23% |
| Built year | 1958 | 1959 | 47% |
| HOA | $0 | $0 | 50% |
| Days on market | 7 | 200 | 2% |
Apr 15, 2026
$3,849,000
Initial Listing