
SUMMERLAND, CA 93067
This Coastal Cape-Cod Sanctuary is a High-Potential Investment Opportunity, listed at $3,250,000—positioned well below the $3,613,764 Fair Market Value by 10%. This valuation gap offers $363,764 in Instant Equity. Boasting an Excellent Condition Rating, the home features unobstructed panoramic ocean views, an expansive front deck, and a lower level with ADU potential. Located near Summerland Elementary, this property offers a premium lifestyle with significant financial upside. It is an exceptional choice for Owner-Occupants seeking a coastal retreat or 1031 Exchange Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2521 Whitney Avenue Subject | $3,250,000* List Price | 4 | 3 | 2,566 | $1,408 | - |
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.
The property is in move-in ready condition following extensive recent renovations within the last 5 years. Key upgrades include a new roof, updated electrical systems, new hardwood flooring throughout, and a remodeled primary shower. The kitchen is well-appointed with high-end stainless steel appliances (including a Sub-Zero refrigerator and Bosch microwave) and granite countertops. Despite the 1987 build date, the recent capital improvements to major systems and interior finishes meet the criteria for excellent condition with no visible deferred maintenance.
The home is strategically oriented to capture breathtaking, unobstructed ocean views from the primary suite, living areas, and an expansive front deck.
The lower level features a private entrance and full bath, providing ideal flexibility for a guest suite, multigenerational living, or a potential ADU conversion.
Significant capital improvements, including a new roof, updated electrical, new hardwood floors, and a remodeled primary shower, ensure a move-in-ready experience.
While beautifully updated, the 1987 construction may lack the ultra-modern open-concept volume and high ceilings found in newer luxury developments.
The current list price reflects a significant increase over its 2022 sale price of $2.75M, which may lead to appraisal scrutiny or buyer hesitation regarding the local market ceiling.
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.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 67% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 2,566 | 1,590 | 89% |
| Lot Size | 7,405 | 6,098 | 56% |
| Price | $3.25M | $2.67M | 78% |
| Price per sq ft | $1.3K | $1.7K | 11% |
| Built year | 1987 | 1935 | 78% |
| HOA | $0 | $0 | 50% |
| Days on market | 36 | 273 | 11% |
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