
SUMMERLAND, CA 93067
This Turnkey Single Family Residence is a Strong Value Opportunity, listed at $3,175,000—positioned well below the $3,552,097 Fair Market Value by 10%. This valuation gap offers $377,097 in Instant Equity for the buyer. Featuring panoramic ocean views, a new roof, and remodeled primary suite, the property holds a Mint Condition Rating. With its dual-access lot and ADU potential, this home is an ideal acquisition for Owner-Occupants seeking a coastal lifestyle or 1031 Exchange Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2521 Whitney Avenue Subject | $3,175,000* List Price | 4 | 3 | 2,566 | $1,384 | - |
A 2631 Freesia Drive Active | $3,995,000 List Price | 3 | 2 | 2,595 | $1,539 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
While originally built in 1987, the property has undergone extensive recent renovations that place it in mint condition. Key updates include a new roof, updated electrical systems, new hardwood flooring, and a remodeled primary shower. The interior features modern aesthetics, fresh paint, and high-end finishes, meeting the criteria for a recent renovation with no deferred maintenance.
The property features expansive ocean-view decks and light-filled living spaces specifically oriented to capture stunning coastal vistas and Pacific breezes from its elevated vantage point.
Significant capital improvements including a new roof, hardwood floors, updated electrical, and a remodeled primary suite ensure a high-quality, move-in-ready experience for the buyer.
The unique street-to-street lot provides enhanced privacy and dual access, complemented by a lower-level suite with a private entrance and ADU potential for guests or rental income.
With 53 days on market and three consecutive price reductions, the property has faced challenges in finding its market value, which may affect buyer perception of its desirability.
The 7,405 sqft lot is relatively modest for the $3.175M price point, potentially limiting buyers who prioritize extensive flat yard space or large-scale outdoor amenities.
This beautifully updated, move-in ready 4-bedroom home in the quiet, upscale Summerland area, is all about the breathtaking ocean views, quiet serenity and coastal breezes. Just moments from Summerland Beach, known for its peaceful shoreline, and less crowded, more private setting than neighboring beaches. This 4-bedroom, 3-bath Cape-Cod sits on a coveted street-to-street lot from Whitney Avenue to Emerson, offering dual access, privacy, and a peaceful vantage point above the coastline. Light-filled open living spaces are oriented to capture the ocean views, creating a seamless connection to indoor-outdoor living. An expansive ocean-view deck spans the front of the home, ideal for morning coffee, sunset dining, and relaxed entertaining. The fully fenced backyard offers a private retreat with refreshed landscaping and a sunlit patio. The primary suite features ocean views, a walk-in closet, dual vanity, and renovated spa-inspired shower. The lower level includes a fourth bedroom, full bath, and private entrance, ideal for guests, multigenerational living, or a home office, with potential ADU flexibility. Additional highlights include an oversized two-car garage with storage, a workspace and laundry area, plus a covered carport offering versatile space for vehicle or boat storage or a potential outdoor lounge area. Recent improvements include new hardwood floors, new roof, new skylight, new window, remodeled primary shower, updated electrical, refinished deck, fresh interior paint, and refreshed landscaping. Ideally located between Montecito and Carpinteria with easy access to the areas most treasured beaches including the serene and peaceful Summerland Beach, Loon Point Beach, and the star-studded world- famous Padaro Beach. Summerland's Lookout Park offers a rare bluff top setting with sweeping ocean views, grassy picnic areas, park and playground for children, and a path to Summerland Beach below. This home has easy access world-class dining, shopping, and outdoor recreation. Nearby Summerland Elementary School offers small class sizes with an approximately 14:1 student-teacher ratio. The property has also been historically rented, presenting potential income flexibility and possible appeal for buyers considering a 1031 exchange. An exceptional offering in one of the Central Coast's most desirable seaside communities.
No exterior & parking available.
No sensitive facilities data found.
May 9, 2026
$3,175,000
$3,250,000
-2% Price Drop
Initial Listing
Apr 15, 2026
$3,250,000
$3,320,000
-2% Price Drop
Initial Listing
Mar 17, 2026
$3,320,000
Initial Listing
Feb 9, 2022
$2,750,000
Public Record
Nov 23, 2020
$2,048,000
Public Record
Jan 9, 1996
$460,000
Public Record