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 Poor Condition Rating (30/100), indicating the property requires renovation and updates to maximize its market potential. This presents opportunities for value-add investors. 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 extensive renovation needed.
Built in 1974, this property is 50 years old and explicitly described as having '70's charm' and an 'outdated interior' requiring 'substantial modernization.' The visible areas, while maintained, feature extensive wood paneling and dated light fixtures consistent with its age. Crucially, there are no images of the kitchen or bathrooms, strongly suggesting these critical areas are original or have only received very minor, dated updates. To meet contemporary standards, especially in a luxury market like Montecito, these areas would require complete renovation and rehabilitation, aligning with the 'Poor' condition criteria of needing substantial repairs and rehabilitation.
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.
- Prestigious Location
Situated in the highly sought-after Montecito foothills, offering exclusivity, desirability, and a prime address.
- Expansive Acreage
A vast 21.22-acre estate provides exceptional privacy, ample space, and significant potential for future development or expansion.
CONSRISKS & DEFICIENCIES
- Outdated Interior
The 1970s construction and '70s charm with rich wood paneling suggest the interior may require substantial modernization to align with contemporary luxury tastes.
- Modest Current Dwelling
The existing 3-bedroom, 2-bathroom home with 2116 sqft is relatively small for a property of this acreage and price point, indicating the primary value lies in the land.
- Significant Investment Required
The high list price, combined with the need for potential extensive renovations or a complete rebuild, implies a substantial additional investment for the buyer.
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 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 | 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