1647 Posilipo Lane B, Santa Barbara, CA 93108, Santa Barbara, 93108 - 3 bed, 3 bath
ACTIVE$3,995,000$2,147/sqft
1647 Posilipo Lane B, Santa Barbara, CA 93108
3Beds
3Baths
2,147Sqft
58,806Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 58806, living area = 2147.
Top Cons:
MLS Listing Discrepancy: Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =58806, other record lot size in square feet = 130680.
Compared to the nearby listings
Price:$4.00M vs avg $6.00M ($-2,005,000)33%
Size:2,147 sqft vs avg 2,795 sqft33%
Price/sqft:$1.9K vs avg $1.4K73%
More Insights
Built in 1991 (35 years old).
Condition: The property, built in 1991, presents a very well-maintained and significantly updated interior. The kitchen features modern white shaker cabinets, high-end stainless steel appliances (Viking, KitchenAid), light blue subway tile backsplash, and white countertops, indicating a recent and stylish renovation. The primary bathroom also appears updated with modern white vanities and marble-look shower tiling. While the second bathroom shows slightly older finishes, it is clean and functional. The main living areas have updated light wood-look flooring and a fresh, coastal aesthetic. The overall condition is move-in ready with minimal wear, suggesting extensive renovations within the last 5-15 years, which aligns with a 'Good' rating.
Year Built
1991
Close
-
List price
$4M
Original List price
-
Price/Sqft
$1,861
HOA
$1,550
Days on market
-
Sold On
-
MLS number
25512853
Home ConditionGood
Features
Excellent View:
Deck
Patio
View-
About this home
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.
M
Marsha Kotlyar
Listing Agent
Price History
Date
Event
Price
03/24/21
Sold
$2,450,000
11/08/10
Sold
$1,100,000
04/11/03
Sold
$1,195,000
Condition Rating
Good
The property, built in 1991, presents a very well-maintained and significantly updated interior. The kitchen features modern white shaker cabinets, high-end stainless steel appliances (Viking, KitchenAid), light blue subway tile backsplash, and white countertops, indicating a recent and stylish renovation. The primary bathroom also appears updated with modern white vanities and marble-look shower tiling. While the second bathroom shows slightly older finishes, it is clean and functional. The main living areas have updated light wood-look flooring and a fresh, coastal aesthetic. The overall condition is move-in ready with minimal wear, suggesting extensive renovations within the last 5-15 years, which aligns with a 'Good' rating.
Pros & Cons
Pros
High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 58806, living area = 2147.
Unbeatable Coastal Location: Directly steps from Fernald Point Beach and adjacent to the prestigious Rosewood Miramar, offering unparalleled access to luxury amenities and the ocean.
Panoramic Ocean Views: Features ocean views from the top-floor primary suite's private balcony and the main living area's balcony, significantly enhancing the property's desirability.
Exclusive & Low-Density Community: Part of a rare collection of only six residences with just four owners, ensuring privacy, exclusivity, and a serene living environment.
Luxury Lifestyle & Amenities: High ceilings, an open floor plan, a cozy fireplace, and immediate proximity to world-class dining and shopping at the Rosewood Resort cater to a sophisticated buyer.
Spacious & Functional Design: Over 2,100 sq. ft. with a well-appointed 3-bed, 2.5-bath layout, including a top-floor primary suite with a walk-in closet and an attached 2-car garage.
Cons
MLS Listing Discrepancy: Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =58806, other record lot size in square feet = 130680.
High Monthly Association Fees: The $1,550 monthly association fee represents a significant ongoing cost that could deter some potential buyers.
Townhome Configuration: As a townhome, it may not appeal to buyers specifically seeking a detached single-family residence with a private lot, potentially narrowing the target market in this luxury price point.
Age of Construction (1991): While well-maintained, the 1991 build year suggests that some interior elements or systems might not be as contemporary as newer luxury constructions, potentially requiring future updates.