
Summerland, CA 93067
This Turnkey California Cottage represents a Strong Value Opportunity, listed at $4,995,000—positioned well below the $5,290,997 Fair Market Value by 5%. This valuation gap offers $295,997 in Instant Equity for the buyer. Featuring a Mint Condition Rating, the residence includes panoramic ocean views, a built-in spa, and wide-plank hardwood floors. With approved plans for garage conversion, this property is an ideal acquisition for Luxury Homeowners or Sophisticated Investors seeking a coastal sanctuary with immediate value-add potential.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2311 Finney Street Subject 2 bd · 3 ba · 1,952 sqft · $2,711 | $4,995,000* List Price | 2 | 3 | 1,952 | $2,711 | - |
A 2311 Finney Street Active 2 bd · 3 ba · 1,952 sqft · $2,559 · 0.0 mi | $4,995,000 List Price | 2 | 3 | 1,952 | $2,559 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although built in 1986, the property has undergone a high-end, comprehensive remodel within the last 5 years. The kitchen features modern marble countertops, premium stainless steel appliances, and farmhouse sinks, while the interior boasts wide-plank hardwood floors and updated bathrooms. The exterior and systems appear meticulously maintained, meeting the criteria for mint condition.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 10454, living area = 1952.
The property features a dedicated path leading directly to the sand and Lookout Beach Park, offering a rare and highly desirable coastal lifestyle in a tucked-away beachside location.
Extensively remodeled with high-end materials, wide-plank hardwood floors, and pitched ceilings, providing a sophisticated and move-in-ready California cottage aesthetic with ocean views.
At a list price of nearly $5 million for 1,952 square feet, the property commands a significant premium of over $2,500 per square foot, which may challenge market comparisons.
With only two bedrooms, the home's configuration may be restrictive for larger families or buyers requiring multiple guest rooms at this luxury price point.
Set above the Pacific on a tucked-away beachside street in Summerland, this tastefully appointed California cottage captures the relaxed character and natural beauty of the Central Coast. Thoughtfully remodeled with high-end materials and amenities, the two-bedroom, three-bath residence is filled with natural light and ocean views. The upper-level primary suite features pitched ceilings and a beautifully appointed bath. Wide-plank hardwood floors and refined finishes continue throughout. Outside, an expansive deck, mature landscaping, outdoor shower, and built-in spa create an inviting setting. A dedicated path leads to the sand and adjoins Lookout Beach Park. Approved plans to convert the garage to living space offer further potential. Available furnished, just moments from Lillie Avenue.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 3.0 |
| Baths | 3.0 | 2.0 |
| Square foot | 1,952 | 1,357 |
| Lot Size | 10,454 | 8,712 |
| Price | $5.00M | $1.90M |
| Price per sq ft | $2.6K | $1.4K |
| Built year | 1986 | 1987 |
| HOA | $0 | $0 |
| Days on market | 33 | 77 |
Sep 21, 2026
$4,995,000
Initial Listing
Oct 17, 2019
$2,300,000
Public Record
Aug 10, 2018
$2,300,000
Public Record