1647 Posilipo Lane B, Santa Barbara, CA 93108, Santa Barbara, 93108 - 3 bed, 3 bath
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Santa Barbara, CA 93108
Analysis of 1647 Posilipo Lane B, Santa Barbara, CA 93108 is currently available with a list price of $3,995,000. 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.
Property is move-in ready.
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.
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.
Directly steps from Fernald Point Beach and adjacent to the prestigious Rosewood Miramar, offering unparalleled access to luxury amenities and the ocean.
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.
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.
The $1,550 monthly association fee represents a significant ongoing cost that could deter some potential buyers.
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.
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.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 4.0 | 47% |
| Baths | 3.0 | 4.0 | 33% |
| Square foot | 2,147 | 3,601 | 24% |
| Lot Size | 58,806 | 40,293.1 | 81% |
| Price | $4.00M | $5.30M | 38% |
| Price per sq ft | $1.9K | $1.7K | 57% |
| Built year | 1991 | 1981 | 68% |
| HOA | $1550 | $0 | 93% |
| Days on market | 405 | 240 | 81% |
Mar 14, 2025
$3,995,000
Initial Listing
Mar 24, 2021
$2,450,000
Public Record
Nov 8, 2010
$1,100,000
Public Record
Apr 11, 2003
$1,195,000
Public Record