2129 Red Rose Way, SANTA BARBARA, CA 93109, SANTA BARBARA, 93109 - 4 bed, 3 bath
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SANTA BARBARA, CA 93109
This Mesa Single Family Residence is a Strong Value Opportunity, listed at $2,095,000—positioned well below the $2,311,031 Fair Market Value by 9%. This valuation gap offers $216,031 in Instant Equity. The property maintains a Good Condition Rating, featuring modern infrastructure like a 200-Amp service and EV charging. With a detached guest cottage and ocean-view primary suite, it balances coastal lifestyle with financial upside. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a versatile, high-potential Santa Barbara asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2129 Red Rose Way Subject | $2,095,000* List Price | 4 | 3 | 1,501 | $1,540 | - |
A 357 Oliver Road Sold | $2,370,000 | 3 | 2 | 1,319 | $1,797 | 0.1 mi |
B 333 Palisades Drive Sold | $2,035,000 | 3 | 2 | 1,370 | $1,485 | 0.2 mi |
C 2128 Red Rose Way Active | $1,795,000 List Price | 3 | 2 | 1,318 | $1,362 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Although originally built in 1928, the property is in well-maintained, move-in ready condition. It features significant system upgrades including a 200-Amp electrical service and EV charging. Interior finishes like the wood flooring and vaulted ceilings are modern, while the kitchen and bathrooms appear to be from a high-quality renovation approximately 10-15 years old, fitting the 'Good' criteria perfectly.
The legal 312-square-foot detached studio provides exceptional versatility, serving as a private sanctuary for guests, a premier home office, or a high-value ADU conversion.
Situated in the highly sought-after Mesa neighborhood, this property offers a prestigious coastal lifestyle with proximity to beaches and strong long-term appreciation potential.
The home is well-equipped for modern needs with a 200-Amp electrical service and a dedicated EV charging plug, rare and valuable upgrades for a property of this vintage.
At approximately 4,356 square feet, the lot is relatively compact for the price point, which may limit outdoor expansion or appeal to buyers seeking large yard spaces.
The main residence provides 1,501 square feet for three bedrooms, which may result in a tighter interior layout compared to other four-bedroom offerings in the area.
Perched in the highly sought-after Mesa neighborhood of Santa Barbara this exceptional 4-bedroom, 3-bathroom home offers 1,813 total square feet of coastal versatility, split between a 1,501-square-foot main house (3 beds/2 baths) and a legal 312-square-foot detached one bedroom studio guest house with bath. The main residence features an abundance of natural light and a layout anchored by warm wood floors and seamless transitions. Retreat upstairs to the private primary suite, where you can unwind while catching a relaxing peak of the ocean. Multiple outdoor balcony spaces extend the living areas into nature, perfect for enjoying the cool morning air or striking evening sunsets. Outside, the fully fenced property unfolds into beautifully manicured, lush gardens that create a truly serene oasis. Adding incredible value is the detached guest cottage - complete with its own bedroom, bathroom, and a dedicated, separate backyard space offering a private sanctuary for extended family, visitors, premier home office, or an easy ADU conversion. This gated oasis features a 200-Amp service and an EV charging plug so its ready to handle all of your tech.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 57% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 1,501 | 2,039.5 | 37% |
| Lot Size | 4,356 | 7,840.5 | 20% |
| Price | $2.10M | $2.79M | 17% |
| Price per sq ft | $1.4K | $1.6K | 33% |
| Built year | 1928 | 1959 | 3% |
| HOA | $0 | $0 | 50% |
| Days on market | 11 | 188 | 3% |
Jun 2, 2026
$2,095,000
Initial Listing
Mar 11, 2009
$696,500
Public Record
Feb 28, 2007
$1,049,000
Public Record