248 Por La Mar Circle, SANTA BARBARA, CA 93103, SANTA BARBARA, 93103 - 1 bed, 1 bath
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SANTA BARBARA, CA 93103
This Resort-Style Condominium is a High-Potential Investment Opportunity, listed at $950,000—positioned well above the $914,279 Fair Market Value by -3%. While the price reflects a premium for its Prime Coastal Location and Resort-Style Community Amenities, the property maintains a Condition Rating of 3, ensuring a move-in ready experience. With access to a heated pool, spa, and tennis courts, this beachside retreat offers a unique lifestyle. It is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a luxury weekend escape.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 248 Por La Mar Circle Subject | $950,000* List Price | 1 | 1 | 700 | $1,306 | - |
A 208 Por La Mar Circle Sold | $865,000 | 1 | 1 | 708 | $1,222 | 0.0 mi |
B 203 Por La Mar Circle Sold | $915,000 | 1 | 1 | 706 | $1,296 | 0.0 mi |
C 352 Por La Mar Circle Sold | $870,000 | 1 | 1 | 700 | $1,243 | 0.0 mi |
D 452 Por La Mar Circle Sold | $905,000 | 1 | 1 | 700 | $1,293 | 0.1 mi |
E 449 Por La Mar Circle Sold | $850,000 List Price | 1 | 1 | 708 | 0.1 mi | |
F 30 S Salinas B Sold | $1,099,000 | 3 | 2 | 0 | 0.6 mi | |
G 255 Por La Mar Circle Pending | $919,000 List Price | 1 | 1 | 708 | $1,298 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While the building was constructed in 1991 (33+ years old), the interior appears well-maintained and functional. The bathroom shows evidence of a past renovation (stone countertops, undermount sink, and tile surround) likely within the 5-15 year range, making it move-in ready and consistent with resort-style living standards.
Situated directly across from Santa Barbara's iconic East Beach and minutes from the Funk Zone and Montecito, this property offers an enviable lifestyle with immediate access to the sand and top-tier dining.
Located in the prestigious guard-gated El Escorial Villas, the property features luxury amenities including a year-round heated pool, spa, gym, and lighted tennis courts, providing a vacation-like atmosphere.
The association fee includes a wide array of utilities such as cable, high-speed internet, water, and trash, simplifying monthly expenses and adding significant value to the ownership experience.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =871, other record lot size in square feet = 656.
The property was recently sold within the past year on 2026-03-16. The sold price is $437,500.00.
At $825 per month, the association dues represent a significant recurring carrying cost that may impact the purchasing power and debt-to-income ratios for some buyers.
Just across from Santa Barbara's iconic East Beach, this beautiful south-facing 1 brm/1 ba condo offers the perfect blend of privacy, comfort, and resort-style living. Filled with wonderful natural light, the inviting interior opens to a private balcony overlooking charming Spanish tile rooftops and lush treetops, creating a peaceful coastal retreat just steps from the sand. Set within the guard-gated community of El Escorial Villas with amenities that rival a five-star resort, including a year-round heated pool and spa, two lighted tennis courts, gym with shower facilities, clubhouse, gas BBQ area, dog park, tropical landscaping, controlled-access buildings with elevators, and 24-hour gated security with guard house. Please visit https://elescorialcondo.com/unbranded/ HOA amenities also include cable, internet, water, trash, and recycling. Ideally situated near Montecito's Lower Village, State Street, the Funk Zone, Stearns Wharf, and the Santa Barbara Bird Refuge, this beachside retreat offers effortless access to acclaimed dining, boutique shopping, scenic bike and walking trails, vibrant city energy, and the tranquility of nature. Whether as a full-time residence or weekend escape, this is coastal living at its finest -- where every day feels like a vacation.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 1.0 | 2.0 | 47% |
| Baths | 1.0 | 2.0 | 47% |
| Square foot | 700 | 930 | 27% |
| Lot Size | 871 | 641 | 60% |
| Price | $950.0K | $950.0K | 50% |
| Price per sq ft | $1.4K | $1.2K | 93% |
| Built year | 1991 | 1991 | 50% |
| HOA | $825 | $661 | 80% |
| Days on market | 18 | 234 | 7% |
May 19, 2026
$950,000
Initial Listing
Mar 16, 2026
$437,500
Public Record
Aug 30, 1994
$200,000
Public Record