2551 Treasure Drive, SANTA BARBARA, CA 93105, SANTA BARBARA, 93105 - 0 bed, 0 bath
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SANTA BARBARA, CA 93105
Analysis of 2551 Treasure Drive, SANTA BARBARA, CA 93105 is currently available with a list price of $1,695,000. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. 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.
Property is new construction or fully renovated.
Although built in 1950, the property has undergone an extensive recent renovation that brings it to modern standards. The interior features a high-end kitchen with stainless steel appliances and shaker cabinetry, updated bathrooms with contemporary fixtures, and consistent hardwood flooring throughout. The addition of modern mini-split cooling/heating systems, updated windows, and a fully refreshed exterior with new hardscaping indicates that all major components are virtually new with no deferred maintenance.
Situated in the highly sought-after Samarkand neighborhood, this property benefits from a quiet, prestigious residential atmosphere with close proximity to downtown Santa Barbara.
Classified as a residential income property, it offers versatile opportunities for rental revenue, multi-generational living, or an owner-user setup with an ADU.
The property successfully sold above its listing price, indicating high buyer interest and a strong competitive position within the local real estate market.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 955, other record living area = 1574.
With only 955 square feet of interior space, the property is quite compact, which may be a constraint for families or buyers seeking spacious common areas.
The sale price of $1.7 million represents an exceptionally high cost per square foot, requiring a significant capital investment for a relatively small structure.
Statistical purposes only.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 955 | 955 | 50% |
| Lot Size | 6,970 | 9,147 | 36% |
| Price | $1.70M | $1.70M | 50% |
| Price per sq ft | $1.8K | $704 | 82% |
| Built year | 1950 | 1952 | 45% |
| HOA | $0 | $0 | 50% |
| Days on market | 294 | 177 | 91% |
Jul 3, 2025
$1,695,000
Initial Listing
Sep 20, 2024
$1,500,000
Public Record