204 Hot Springs Road, Santa Barbara, CA 93108, Santa Barbara, 93108 - 6 bed, 8 bath
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204 Hot Springs Road
Santa Barbara, CA 93108
ACTIVE
CONDITION: EXCELLENT
6Beds
8Baths
7,922Sq Ft
36,590Lot Size
Property Price
LIST PRICE$17,950,000
EST. MARKET VALUE
$18,491,109
SUMMARY
This Stunning Historic Estate is a High-Potential Investment Opportunity, listed at $17,950,000—positioned well below the $18,491,109 Fair Market Value by 2%. This valuation gap offers $541,109 in Instant Equity. Featuring a Bulthaup kitchen, pool, and ADU, the property maintains an Excellent Condition Rating following a comprehensive restoration. Its nearly one-acre lot and prime Montecito location provide a rare sanctuary. This is an ideal acquisition for Luxury Homeowners or Discerning Investors seeking a turnkey, high-value asset.
Estimated Market Value
$18,491,109
Based on Realkey algorithm analyzing recent comparable sales in Santa Barbara.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 204 Hot Springs Road Subject | $17,950,000* List Price | 6 | 8 | 7,922 | $2,334 | - |
A 358 Woodley Road Active | $16,850,000 List Price | 7 | 10 | 8,600 | $1,959 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Excellent
TeardownExcellent
Property is new construction or fully renovated.
Though originally built in 1921, the property has undergone a comprehensive, high-end restoration and expansion within the last 5 years. It features a modern Bulthaup kitchen, updated HVAC/electrical systems visible through recessed lighting and modern vents, and mint-condition finishes throughout, requiring no maintenance.
PROSSTRENGTHS & OPPORTUNITIES
- 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 = 36590, living area = 7922.
- Exquisite Historic Restoration
This 1921 'Golden Age' estate has been meticulously restored and expanded, seamlessly blending century-old architectural romance with high-end modern luxuries like a Bulthaup kitchen.
- Comprehensive Lifestyle Amenities
The property offers an unparalleled array of features including a detached ADU, glass conservatory, wine cellar, yoga room, and a bocce court, catering to diverse lifestyle needs.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Living area discrepancy between mls listing and other public or private record. mls listing living area = 7922, other record living area = 6430. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 6, other record bedroom count = 4.
- Substantial Price Appreciation
The significant jump from its 2020 sale price to the current $17.95M ask may lead to appraisal scrutiny or buyer resistance regarding the rapid market appreciation.
- High Maintenance Complexity
The age of the 1921 structure combined with extensive water features and nearly an acre of manicured grounds necessitates a high level of ongoing maintenance and operational expense.
About 204 Hot Springs Road
A World of Wonder. Rich in atmosphere & rooted in romance, this modern-day heirloom celebrates the beauty & gracious living of Montecito's Golden Age. For more than a century, it has been a place where glamour & everyday life intertwine. The 5 bd / 7 ba residence plus ADU have been thoughtfully restored, expanded & upgraded, blending timeless character w modern luxury. Morning light pours through the glass conservatory as garden paths meander past the lily pond, shimmering pool & quiet courtyards. A Bulthaup kitchen, wine cellar, yoga room & spectacular primary suite elevate daily life, while the bocce court, terraces & nearly an acre of landscaped grounds create a setting designed for gathering, celebration & joy. A place where beauty lingers, stories unfold & dreamers feel at home.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1921
- Lot Size
- 36,590 Sq. Ft.
Interior
- Total Bedrooms
- 6
- Total Bathrooms
- 8 (8 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 6.0 | 3.6 |
| Baths | 8.0 | 3.3 |
| Square foot | 7,922 | 2,905.353 |
| Lot Size | 36,590 | 21,805.412 |
| Price | $17.95M | $4.86M |
| Price per sq ft | $2.3K | $1.7K |
| Built year | 1921 | 1958 |
| HOA | $0 | $3.2K |
| Days on market | 36 | 84 |
Pricing History
Listed for Sale
Aug 4, 2026
$17,950,000
Initial Listing
Sold
Aug 24, 2020
$2,889,000
Public Record
Sold
Jan 22, 2020
$3,900,000
Public Record