2200 Bella Vista Drive, MONTECITO, CA 93108, MONTECITO, 93108 - 3 bed, 2 bath
2200 Bella Vista Drive
MONTECITO, CA 93108
Property Price
SUMMARY
Analysis of 2200 Bella Vista Drive, MONTECITO, CA 93108 is currently available with a list price of $6,995,000. The property maintains a Tear down Condition Rating (10/100), reflecting significant deferred maintenance. This property is best suited for experienced investors or developers prepared for substantial renovation work. Located in a high-demand neighborhood within the MONTECITO Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for Experienced Investors and Fix-and-Flip Specialists.
Condition Analysis
OVERALL CONDITION SCORE
Property is land value only, full reconstruction required.
Built in 1974, this property is 50 years old and explicitly described as having '70s charm' and 'rich wood paneling,' indicating no significant renovations have occurred. The interior images confirm a highly dated aesthetic with original wood paneling, exposed beams, and light fixtures. The property analysis highlights 'Dated Interior & Renovation Needs' and suggests the value is primarily in the land for a 'complete rebuild' or 'extensive renovation' to meet contemporary luxury standards. While not necessarily structurally unsound, the existing home's condition and style are functionally obsolete for its market, making its value based solely on the land and its potential for redevelopment.
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 = 924343, living area = 2116.
- Exceptional Land Size
A vast 21.22-acre estate offers unparalleled privacy, space, and potential for expansion or additional structures, a truly rare find in the Montecito market.
- Prime Montecito Location
Nestled in the prestigious Montecito foothills, the property benefits from a highly desirable address and access to an exclusive, sought-after community.
CONSRISKS & DEFICIENCIES
- Dated Interior & Renovation Needs
Built in 1974 with '70s charm' and 'rich wood paneling,' the existing home likely requires significant modernization and renovation to meet contemporary luxury standards.
- Disproportionate Home Size
A 3-bedroom, 2-bathroom home of 2116 sqft is relatively modest for a 21.22-acre estate at this price point, suggesting the primary value is in the land and location, necessitating further investment in the structure.
- High Maintenance Requirements
Managing and maintaining a sprawling 21.22-acre property, especially in a hillside setting, will incur substantial ongoing costs and require significant effort.
About 2200 Bella Vista Drive
Nestled in the foothills of Montecito, this vast 21.22-acre estate unveils sweeping panoramic ocean views, creating the perfect backdrop for your dream retreat. Built in the 1970s, this 3-bedroom, 2-bathroom home offers a timeless layout with 70's charm where expansive windows invite natural light and the beauty of the surrounding landscape. Rich wood paneling creates warmth and texture, while the open layout offers endless potential for both relaxed living and entertaining. Embrace the rare opportunity to make this extraordinary piece of Montecito your own private sanctuary.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1974
- Lot Size
- 924,343.188 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 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 | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 4.0 | 40% |
| Baths | 2.0 | 5.0 | 14% |
| Square foot | 2,116 | 3,681 | 26% |
| Lot Size | 924,343.188 | 43,560 | 99% |
| Price | $7.00M | $5.49M | 60% |
| Price per sq ft | $3.3K | $1.6K | 93% |
| Built year | 1974 | 1973 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 425 | 239 | 76% |
Pricing History
Listed for Sale
Jan 6, 2025
$6,995,000
Initial Listing