2745 Torito Road, Santa Barbara, CA 93108, Santa Barbara, 93108 - 3 bed, 4 bath
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2745 Torito Road
Santa Barbara, CA 93108
ACTIVE
CONDITION: FAIR
3Beds
4Baths
2,721Sq Ft
45,302Lot Size
Property Price
LIST PRICE$3,385,000
EST. MARKET VALUE
$3,630,359
6% BelowMARKET VALUE
SUMMARY
This Montecito residence represents a Strong Value Opportunity, listed at $3,385,000—positioned well below the $3,630,360 Fair Market Value by 6%. This valuation gap offers $245,360 in Instant Equity for the discerning buyer. Featuring a Fair Condition Rating, the property offers significant upside through modernization of its 1988 interiors. With a large 45,302 sqft lot, panoramic ocean and mountain views, and a detached guest house, this is an ideal acquisition for Value-Add Investors or Owner-Occupants seeking a distinctive sanctuary.
Estimated Market Value
$3,630,359+$245,359 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Santa Barbara.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2745 Torito Road Subject | $3,385,000* List Price | 3 | 4 | 2,721 | $1,334 | - |
A 2915 Hidden Valley Lane Active | $3,925,000 List Price | 4 | 5 | 2,802 | $1,401 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 1988 (36 years old), the property is well-maintained but features original, dated finishes. The kitchen contains 1980s-style wood cabinetry, fluorescent lighting, and tile countertops with thick grout lines. The listing description explicitly notes the potential for updates, placing it in the 'Fair' category due to its age and need for cosmetic modernization.
PROSSTRENGTHS & OPPORTUNITIES
- High Available Lot Utilization
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 45302, living area = 2721.
- Exceptional Views and Privacy
The property is situated on a secluded acre in Montecito, offering rare and breathtaking panoramic views of the ocean, mountains, and canyon.
- Versatile Detached Guest House
A separate guest house provides excellent flexibility for visitors, a professional home office, or a creative studio, adding significant functional value.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2721, other record living area = 2762. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 4.
- Modernization Required
Built in 1988 and marketed as having 'room to update,' the property likely requires a substantial capital investment to modernize the interior finishes and systems.
- Premium Price per Square Foot
At a list price of $3,385,000 for 2,721 square feet, the pricing is aggressive for a home in original condition, reflecting the land value rather than the current state of the residence.
About 2745 Torito Road
Set amidst a peaceful and private setting, 2745 Torito Road offers breathtaking views of the ocean, mountains, and canyon. The red tile roof, exposed wood beams, and Saltillo tile lend warmth and character to this quintessential Mediterranean home. The main residence features three bedrooms, each with an ensuite bathroom. The spacious primary suite includes a generous sitting room or office and a private deck overlooking the ocean and canyon, an ideal spot for morning coffee or evening sunsets. A detached guest house adds flexibility for visitors, extended family, home office, or a creative studio. Quiet and secluded, yet full of potential, the property offers a serene retreat while leaving room to update and tailor every detail to your personal vision.With captivating views, a comfortable floor plan, and versatile guest accommodations, 2745 Torito Road is a rare opportunity to create a truly distinctive Montecito sanctuary.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1988
- Lot Size
- 45,302 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 4 (4 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.6 |
| Baths | 4.0 | 3.3 |
| Square foot | 2,721 | 2,905.353 |
| Lot Size | 45,302 | 21,805.412 |
| Price | $3.38M | $4.86M |
| Price per sq ft | $1.2K | $1.7K |
| Built year | 1988 | 1958 |
| HOA | $0 | $3.2K |
| Days on market | 7 | 84 |
Pricing History
Listed for Sale
Sep 2, 2026
$3,385,000
Initial Listing