2240 Ortega Ranch Road, SANTA BARBARA, CA 93108, SANTA BARBARA, 93108 - 5 bed, 5 bath
2240 Ortega Ranch Road
SANTA BARBARA, CA 93108
Property Price
SUMMARY
Analysis of 2240 Ortega Ranch Road, SANTA BARBARA, CA 93108 is currently available with a list price of $10,495,000. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the SANTA BARBARA Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
OVERALL CONDITION SCORE
Property is moderate renovation needed.
Built in 1991, this Mediterranean villa is exceptionally well-maintained and move-in ready, but it retains many original finishes that are stylistically outdated. The bathrooms feature 1990s-era green marble countertops, brass fixtures, and traditional white cabinetry, and the property analysis confirms a lack of recent major renovations to align with modern luxury standards.
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 = 190792, living area = 6076.
- Breathtaking Panoramic Views
The estate offers rare and sweeping views of both the Pacific Ocean and the Santa Ynez Mountains from nearly every room, significantly enhancing its luxury appeal.
- Expansive Private Acreage
Situated on over 4.3 acres at the end of a private road, the property provides an exceptional level of privacy and tranquility rarely found in coastal Santa Barbara.
CONSRISKS & DEFICIENCIES
- Potential Modernization Needs
Built in 1991, the property may require cosmetic or systemic updates to align with the contemporary tastes and smart-home expectations of today's ultra-luxury buyers.
- High Maintenance Demands
The massive 4.38-acre lot and large-scale Mediterranean structure necessitate significant ongoing expenses for landscaping, exterior preservation, and general upkeep.
- Substantial Carrying Costs
Prospective owners must account for a $1,000 monthly association fee in addition to high property taxes associated with the $10.495M valuation.
About 2240 Ortega Ranch Road
Experience timeless elegance among tranquil surroundings in this stunning, custom-built Mediterranean-style villa, perched high above the glistening ocean. Thoughtfully designed to harmonize with its natural setting, this home offers a seamless blend of luxury, comfort, and versatility-perfect for entertaining, making memories, or simply relaxing in style. Set on a private road, this estate boasts sweeping ocean and mountain views from nearly every room, with oversized windows and French doors that invite the outdoors in. Vaulted ceilings throughout the main living spaces enhance the sense of light and openness, while elegant finishes and timeless architecture define every corner.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1991
- Lot Size
- 190,792 Sq. Ft.
Interior
- Total Bedrooms
- 5
- Total Bathrooms
- 5 (5 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $1000 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 4.0 | 65% |
| Baths | 5.0 | 5.0 | 50% |
| Square foot | 6,076 | 3,784 | 87% |
| Lot Size | 190,792 | 43,560 | 95% |
| Price | $10.49M | $5.49M | 85% |
| Price per sq ft | $1.7K | $1.6K | 57% |
| Built year | 1991 | 1973 | 68% |
| HOA | $1000 | $0 | 96% |
| Days on market | 27 | 237 | 1% |
Pricing History
Listed for Sale
Feb 8, 2026
$10,495,000
Initial Listing
Sold
Jan 9, 1992
$1,875,000
Public Record