2727 Miradero Drive 104, SANTA BARBARA, CA 93105, SANTA BARBARA, 93105 - 3 bed, 2 bath
2727 Miradero Drive 104
SANTA BARBARA, CA 93105
Property Price
SUMMARY
Analysis of 2727 Miradero Drive 104, SANTA BARBARA, CA 93105 is currently available with a list price of $1,035,000. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. 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.
Condition Analysis
OVERALL CONDITION SCORE
Property is move-in ready.
The property is move-in ready and well-maintained with significant updates to the kitchen, including granite countertops, an induction oven, and a new dishwasher. Although the building was constructed in 1969, the interior shows minimal wear and tear with modern finishes, making it functional and attractive without the need for immediate renovation.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Location & School District
Situated in the highly coveted San Roque neighborhood within the Peabody School attendance area, this property offers exceptional long-term value and appeal for families.
- Accessible House-Like Layout
As a rare end-unit with no stairs, the spacious 1,404 sqft floor plan provides the privacy and feel of a single-family home while ensuring maximum accessibility.
- Strong Investment Performance
With a reported 6.67% cap rate, the property represents a high-yield opportunity for investors or a solid equity-building option for owner-users in the Santa Barbara market.
CONSRISKS & DEFICIENCIES
- High Monthly Carrying Costs
The $850 monthly association fee is significant and may impact buyer affordability or debt-to-income ratios during the financing process.
- Vintage Building Infrastructure
Built in 1969, the complex may require more frequent maintenance or face future capital improvement assessments compared to newer residential developments.
About 2727 Miradero Drive 104
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.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1969
- Lot Size
- -
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $850 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 2.0 | 71% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,404 | 1,402 | 50% |
| Lot Size | - | - | 50% |
| Price | $1.03M | $1.04M | 50% |
| Price per sq ft | $737 | $757 | 39% |
| Built year | 1969 | 1973 | 46% |
| HOA | $850 | $605 | 64% |
| Days on market | 23 | 233 | 4% |
Pricing History
Listed for Sale
Feb 12, 2026
$1,035,000
Initial Listing
Sold
Aug 11, 2022
$995,000
Public Record
Sold
Nov 21, 2018
$569,000
Public Record
Sold
May 8, 2013
$460,000
Public Record
Sold
Feb 13, 1997
$225,000
Public Record