2727 Miradero Drive 104, SANTA BARBARA, CA 93105, SANTA BARBARA, 93105 - 3 bed, 2 bath
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SANTA BARBARA, CA 93105
This Spacious San Roque End-Unit is listed at $1,035,000, representing a stable entry point aligned with its $1,029,328 Fair Market Value. Boasting a Condition Rating of 3, the interior features modern wide-plank flooring, a granite kitchen with an induction oven, and a private patio. Its rare single-level layout and location within the prestigious Peabody School District provide significant lifestyle appeal. With a notable 6.67% cap rate, this property is a sophisticated acquisition for Owner-Occupants or Buy-and-Hold Investors seeking a turnkey asset in Santa Barbara.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2727 Miradero Drive 104 Subject | $990,000* List Price | 3 | 2 | 1,404 | $747 | - |
A 2727 Miradero Drive 103 Sold | $750,000 | 2 | 2 | 1,063 | $706 | 0.0 mi |
B 2805 Miradero Drive C Sold | $1,150,000 | 3 | 2 | 1,640 | $701 | 0.1 mi |
C 2648 State Street 32 Sold | $1,150,000 | 2 | 2 | 1,311 | $877 | 0.3 mi |
D 2648 State Street 32 Sold | $1,160,000 | 2 | 2 | 1,311 | $885 | 0.3 mi |
E 2525 State Street 16 Sold | $950,000 | 2 | 2 | 1,400 | $679 | 0.4 mi |
F 2727 Miradero Drive 209 Sold | $805,000 | 2 | 2 | 1,063 | $757 | 0.0 mi |
G 2727 Miradero Drive #203 Active | $775,000 List Price | 2 | 2 | 1,063 | $729 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is move-in ready and well-maintained, featuring several key updates that elevate it above a 'fair' rating. Notable improvements include modern wide-plank flooring throughout the living areas, granite countertops in the kitchen, and updated stainless steel appliances including an induction oven and a new dishwasher. While the building dates to 1969 and some cabinetry retains an older style, the bathrooms have been refreshed with newer tile work and fixtures, and there is no evidence of deferred maintenance.
Situated in the highly coveted San Roque neighborhood and within the prestigious Peabody School attendance area, this property offers exceptional long-term value and appeal for families.
As a rare 3-bedroom end unit with no stairs, the property provides a house-like feel with enhanced privacy and accessibility, making it ideal for a wide range of buyers.
Boasting an attractive 6.67% cap rate, this property represents a high-yield opportunity in the Santa Barbara market for both investors and owner-users.
The association fee of $850 per month is relatively high, which significantly increases the total monthly carrying costs for the owner.
Built in 1969, the building may require more frequent maintenance or face future special assessments compared to newer developments in the area.
A rare spacious 3bd/2ba end unit (NO STAIRS) that combines privacy, lots of natural light. Lives more like a house than a condo inside. Located within the Peabody School attendance area, this well laid out unit offers comfort and convenience set quietly on a peaceful street in Santa Barbara's coveted San Roque neighborhood. Step inside and you'll feel the openness: The living room is bright and airy, with a generous patio framed by beautiful views; the kitchen, ideal for entertaining, connects seamlessly to the living space and features granite countertops, an induction oven, and a new dishwasher. Excellent owner user or investment opportunity with an attractive 6.67 cap rate. The building is well maintained with strong professional management company.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 2.0 | 75% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,404 | 1,402 | 50% |
| Lot Size | - | 653.4 | 46% |
| Price | $990.0K | $1.15M | 39% |
| Price per sq ft | $705 | $782 | 32% |
| Built year | 1969 | 1969 | 50% |
| HOA | $850 | $705 | 54% |
| Days on market | 69 | 228 | 4% |
Mar 30, 2026
$990,000
$1,035,000
-4% Price Drop
Initial Listing
Feb 12, 2026
$1,035,000
Initial Listing
Aug 11, 2022
$995,000
Public Record
Nov 21, 2018
$569,000
Public Record
May 8, 2013
$460,000
Public Record
Feb 13, 1997
$225,000
Public Record