
Santa Barbara, CA 93108
This Mediterranean Estate represents a Strong Value Opportunity, listed at $3,699,000—positioned well below the $3,973,572 Fair Market Value by 6%. This valuation gap provides $274,572 in Instant Equity for the buyer. Featuring a Condition Rating of 3, the home offers a seamless, step-free floor plan, panoramic ocean and mountain vistas, and a massive 35,284-square-foot lot with significant development potential. This property is an ideal acquisition for Owner-Occupants seeking a coastal sanctuary or sophisticated investors looking for a high-end, move-in ready asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1903 Coyote Circle Subject | $3,699,000* List Price | 3 | 3 | 2,351 | $1,690 | - |
A 1907 Coyote Circle Sold | $3,295,000 | 3 | 3 | 2,281 | $1,445 | 0.0 mi |
B 1 Coyote Circle Active | $3,999,999 List Price | 3 | 3 | 2,351 | $1,701 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While built in 1984, the property features high-end Mediterranean-style renovations in the kitchen and bathrooms that appear to be 10-15 years old. The home is exceptionally well-maintained, includes a recently replaced roof, and is in move-in ready condition.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 35284, living area = 2351.
The residence features a rare, completely step-free floor plan with no interior stairs or sunken rooms, offering ideal accessibility and effortless flow across its 2,351 square feet.
Perfectly positioned between Montecito and Santa Barbara, the estate captures sweeping ocean and mountain vistas within a gated, highly coveted enclave.
The $800 monthly association fee is a significant recurring cost that may be a drawback for buyers comparing this to non-HOA single-family residences.
With a list price of nearly $3.7M for a mid-sized three-bedroom home built in 1984, the property represents a high price-per-square-foot investment that may require further modernization to justify the valuation.
Beyond a gated entry, tucked within one of the area's most coveted enclaves, Villa Del Cielo on Coyote Circle is a rare single-level Mediterranean estate where timeless architecture, exceptional privacy, and the romance of coastal California converge. Perfectly positioned between Montecito and Santa Barbara, this captivating residence embraces sweeping ocean and mountain vistas, creating a setting that feels both secluded and effortlessly connected to the very best of the Central Coast. Designed for those who appreciate refined living without compromise, the approximately 2,351-square-foot residence unfolds across a seamless, step-free floor plan with no interior stairs or sunken rooms. Sunlight pours through expansive windows, illuminating soaring ceilings, hand-plastered walls, and beautifully proportioned living spaces anchored by multiple fireplaces. Every room flows naturally into the next, from the inviting family room and generous chef's kitchen to elegant formal living and dining spaces designed for intimate evenings or memorable gatherings. The primary suite serves as a private sanctuary, while two additional bedrooms offer exceptional flexibility for guests, a sophisticated home office, or creative pursuits. A separate pantry, dedicated laundry room, attached two-car garage, and recently completed roof replacement reflect thoughtful stewardship and enduring quality throughout. Outside, the experience becomes truly magical. Wake to the gentle sound of birdsong beneath mature trees, harvest fruit from your own garden, and spend unhurried afternoons on the expansive patio where ocean breezes and golden sunsets paint the sky. Set on nearly one acre, the property offers exceptional privacy and the rare opportunity to create a spectacular resort-style backyard, including ample room for a custom swimming pool. Residents also enjoy exclusive access to the community pool and spa, further enhancing the effortless resort lifestyle. Moments from pristine beaches, world-class hiking and biking trails, Montecito's charming Upper and Lower Villages, acclaimed restaurants, boutique shopping, and the cultural offerings of downtown Santa Barbara, this residence offers a lifestyle where every day feels like a private retreat. Whether envisioned as a full-time residence, an elegant coastal escape, or a sophisticated lock-and-leave retreat, Villa Del Cielo is an invitation to slow down, breathe deeply, and embrace the beauty of California living at its finest. Rarely does a single-level home of this caliber become available in such an exceptional setting. A timeless opportunity awaits.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 0.0 |
| Baths | 3.0 | 0.0 |
| Square foot | 2,351 | - |
| Lot Size | 35,284 | - |
| Price | $3.70M | $2.43M |
| Price per sq ft | $1.6K | $1.3K |
| Built year | 1984 | 0 |
| HOA | $800 | $0 |
| Days on market | 16 | 60 |
Jul 6, 2026
$3,699,000
Initial Listing
Oct 15, 2003
$1,385,000
Public Record
Dec 22, 1999
$875,000
Public Record