
SANTA BARBARA, CA 93101
This Luxury Funk Zone Townhouse is a High-Potential Investment Opportunity, listed at $1,575,000—positioned well below the $1,785,897 Fair Market Value by 11%. This valuation gap provides $210,897 in Instant Equity. Boasting a Turnkey Condition Rating, the Brian Cearnal-designed interior features Carrara marble, espresso hardwoods, and mountain views. With a Walk Score of 87, this residence offers elite coastal living near the Urban Wine Trail. It is an exceptional acquisition for Owner-Occupants or Vacation Home Buyers seeking a sophisticated, lock-and-leave lifestyle.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 218 Santa Barbara Street D Subject | $1,575,000* List Price | 2 | 3 | 1,954 | $914 | - |
A 316 W Ortega Street B Sold | $1,795,000 | 3 | 3 | 1,769 | $1,015 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is in move-in ready, turnkey condition with high-end finishes including espresso hardwood flooring, a gourmet kitchen with stainless steel appliances, and a spa-inspired primary bath with Carrara marble. While built in 2004, the home has been exceptionally well-maintained with recent updates to major components, including a new refrigerator in 2021 and a water heater in 2024.
Situated in the heart of the vibrant Funk Zone, the property offers an elite lifestyle with a Walk Score of 87, providing immediate access to the beach, Urban Wine Trail, and world-class dining.
This Brian Cearnal-designed home features high-end finishes like Carrara marble and espresso hardwoods, and comes with the rare incentive of being sold fully furnished with a full-price offer.
Built in 2004, the residence includes essential modern amenities often missing in coastal Santa Barbara, such as central air conditioning, a large laundry room, and an attached two-car garage.
The monthly association fee of $1,040 is significant and may deter buyers sensitive to high fixed monthly overhead or those looking for lower-maintenance investment yields.
Despite the generous 1,954 square footage, the two-bedroom configuration may limit the property's appeal to larger families or buyers requiring multiple dedicated home offices.
Experience the best of Santa Barbara coastal living in this stunning luxury condo in the heart of the Funk Zone. Just moments from the beach, waterfront, and harbor, and surrounded by some of the city's best dining, wine tasting, and art. Perfect as a full-time residence or an ideal Santa Barbara vacation or second home, this turnkey retreat offers an unbeatable blend of lifestyle, design, and convenience. Located in the highly desirable Villa del Mar community, this home features seclusion and privacy, the largest floor plan, and an award-winning, open-concept layout by renowned architect Brian Cearnal of The Cearnal Collective. Natural light fills the spacious living areas, flowing seamlessly into a beautifully appointed gourmet kitchen with high-end stainless steel appliances, custom cabinetry, and elegant countertops perfect for entertaining or relaxed coastal evenings at home. Comfort and style continue throughout, including central air conditioning and a luxurious primary suite with a spa-inspired bath featuring Carrara marble, a soaking tub, a walk-in shower, and a separate water closet. Generous bedrooms, ample closet space, and large windows complete the refined, contemporary feel. Additional highlights include a main-level powder room, large laundry room, espresso hardwood flooring, newer appliances and utilities, including a 4-burner gas stove and oven, refrigerator (2021), ceiling fans, and water heater (2024), plus a large attached two-car garage with storage. Step outside and enjoy true walkability to the Urban Wine Trail, acclaimed restaurants, boutique shops, and galleries , then finish the day with a sunset stroll along the shoreline. This is a rare opportunity to own a sophisticated, lock-and-leave residence in one of Santa Barbara's most iconic neighborhoods. This property has a Walk Score of 87 and a Bike Score of 97! The seller will leave ALL furnishings with a full price offer.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 1,954 | 1,871 | 83% |
| Lot Size | 1,742.4 | 284.5 | 83% |
| Price | $1.57M | $1.81M | 17% |
| Price per sq ft | $806 | $1.1K | 17% |
| Built year | 2004 | 2007 | 33% |
| HOA | $1040 | $896 | 83% |
| Days on market | 79 | 80 | 50% |
Mar 7, 2026
$1,575,000
$1,649,000
-4% Price Drop
Initial Listing
Feb 2, 2026
$1,649,000
Initial Listing