1647 Posilipo Lane B, SANTA BARBARA, CA 93108, SANTA BARBARA, 93108 - 3 bed, 3 bath
1647 Posilipo Lane B
SANTA BARBARA, CA 93108
Property Price
SUMMARY
Analysis of 1647 Posilipo Lane B, SANTA BARBARA, CA 93108 is currently available with a list price of $3,750,000. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. Located in a high-demand neighborhood within the SANTA BARBARA 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.
Condition Analysis
OVERALL CONDITION SCORE
Property is move-in ready.
The property, built in 1991, presents as move-in ready with significant recent updates in key areas. The kitchen features modern white shaker cabinets, high-end stainless steel Viking appliances, contemporary countertops, and a stylish subway tile backsplash, indicating a renovation within the last 5-10 years. The primary bathroom also appears recently updated with marble-look tile and a modern double vanity. While the secondary bathroom shows slightly older fixtures and finishes, it remains clean and functional. The main living areas boast light wood flooring and recessed lighting, contributing to a fresh, modern aesthetic. The overall condition suggests extensive renovations within the last 5-15 years, aligning well with the 'Good' criteria.
PROSSTRENGTHS & OPPORTUNITIES
- Exceptional Coastal Location
The property is ideally situated just steps from Fernald Point Beach and adjacent to the luxurious Rosewood Miramar Resort, offering unparalleled access to high-end amenities and the ocean.
- Exclusive & Private Community
As one of only six residences with just four owners, the townhome offers a rare sense of exclusivity, privacy, and a close-knit community atmosphere.
- Ocean Views & Outdoor Living
The top-floor primary suite features a private balcony with ocean views, complemented by an additional ocean-view balcony off the living room, enhancing the coastal lifestyle.
CONSRISKS & DEFICIENCIES
- High Monthly Association Fee
The $1250 monthly association fee represents a substantial ongoing cost for ownership, which could impact affordability for some buyers.
- Townhome Configuration
As a townhome, the property shares walls with other units, potentially offering less privacy and outdoor space compared to a detached single-family residence.
- Potential for Updates
Built in 1991, the property is over 30 years old, and while well-maintained, may require updates to certain systems or finishes to fully align with contemporary luxury standards, as no recent comprehensive renovations are explicitly detailed.
About 1647 Posilipo Lane B
Welcome to your effortless seaside retreat—an airy, light-filled Montecito townhome just steps from dreamy Fernald Point Beach & next to the Rosewood Miramar. One of only six residences (with just four owners), this rare 3-bed, 2.5-bath getaway offers over 2,100 sq. ft. of coastal living. High ceilings throughout, a top-floor primary suite features walk-in closet, private balcony, & ocean views. Downstairs, the open living room with wood floors, a cozy fireplace, & an ocean-view balcony flows seamlessly into the dining area & kitchen, complete with breakfast nook & private patio. An attached 2-car garage with interior access adds to the ease of living. Just moments from the incredible shops & dining at the Rosewood Resort, this coastal gem perfectly blends luxury & convenience by the sea.
Property Details
Public Facts
- Property Type
- Townhouse
- Year Built
- 1991
- Lot Size
- -
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $1250 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | - | - | 0% |
| Baths | - | - | 0% |
| Square foot | - | - | 0% |
| Lot Size | - | - | 0% |
| Price | - | - | 0% |
| Price per sq ft | - | - | 0% |
| Built year | 1991 | - | 0% |
| HOA | $1250 | $0 | 0% |
| Days on market | - | - | 0% |
Pricing History
Listed for Sale
Mar 14, 2025
$3,750,000
Initial Listing
Sold
Mar 24, 2021
$2,450,000
Public Record
Sold
Nov 8, 2010
$1,100,000
Public Record
Sold
Apr 11, 2003
$1,195,000
Public Record