
SANTA BARBARA, CA 93103
This Luxury Eucalyptus Hill Estate is a Strong Value Opportunity, with a List Price of $5,150,000—positioned well below the $5,732,233 Fair Market Value by 10%. This valuation gap provides $582,233 in Instant Equity. Boasting an Excellent Condition Rating following an extensive high-end renovation, the 8,944-square-foot residence features a professional-grade kitchen, dark hardwood flooring, and panoramic ocean views across 4+ private acres. This rare combination of massive scale and immediate value makes it a premier acquisition for Owner-Occupants or High-Net-Worth Investors seeking a turnkey sanctuary.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1776 Eucalyptus Hill Road Subject | $5,150,000* List Price | 4 | 6 | 8,944 | $641 | - |
A 1776 Eucalyptus Hill Road Active | $5,950,000 List Price | 3 | 6 | 8,944 | $665 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
While originally built in 1979, the property has undergone an extensive high-end renovation that meets modern luxury standards. The kitchen is fully updated with professional-grade stainless steel appliances, including a large range and double wall ovens, paired with contemporary white shaker cabinetry and premium stone countertops. The interior features high-quality dark hardwood flooring, updated recessed lighting, and modern fixtures throughout. The overall condition shows no signs of deferred maintenance, with the renovation appearing to be within the last five years.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 179467, living area = 8944.
Situated on over 4 acres in the prestigious Eucalyptus Hill neighborhood, this estate offers unparalleled privacy and a rare sense of seclusion that is difficult to find in Santa Barbara.
Boasting nearly 9,000 square feet of living space with soaring ceilings and a flexible multi-level floor plan, the home provides massive volume and versatility for both grand entertaining and daily life.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 3.
Built in 1979, the residence may require significant capital investment to update interior finishes and mechanical systems to align with contemporary luxury expectations for this price point.
The combination of a massive 8,944-square-foot structure and four acres of lush grounds necessitates substantial ongoing costs for landscaping, utilities, and general property management.
Perched atop the coveted Eucalyptus Hill neighborhood, this private estate is enveloped in lush greenery, capturing ocean and mountain views. Set on 4+ acres, the 4-bedroom residence offers a refined sense of scale, with soaring ceilings and a light-filled, open layout designed for both daily living and gathering. The ground-floor primary suite is a serene sanctuary, complete with a generous walk-in closet and sunrise vistas. The middle level offer three additional bedrooms, a spacious family room and access to the private backyard. On the lower level, a flexible space lends itself to a gym, wellness retreat, or additional storage, while the rooftop terrace crowns this rare and remarkable offering in an ultra-private setting.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 68% |
| Baths | 6.0 | 2.0 | 97% |
| Square foot | 8,944 | 1,816 | 97% |
| Lot Size | 179,467 | 10,454.4 | 97% |
| Price | $5.15M | $2.09M | 86% |
| Price per sq ft | $576 | $1.1K | 27% |
| Built year | 1979 | 1940 | 92% |
| HOA | $0 | $0 | 50% |
| Days on market | 29 | 196 | 3% |
Mar 24, 2026
$5,150,000
Initial Listing
Nov 13, 2007
$2,600,000
Public Record