279 Santa Rosa Lane, Montecito, CA 93108, Montecito, 93108 - 4 bed, 4 bath
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Montecito, CA 93108
This Turnkey Single-Family Residence represents a Strong Value Opportunity, listed at $6,495,000—positioned well below the $6,648,291 Fair Market Value by 2%. This valuation gap offers $153,291 in Instant Equity. Featuring an Excellent Condition Rating, the home includes a recently renovated kitchen and high-end finishes. Situated in the prestigious Hedgerow neighborhood within the Montecito Union School district, this property offers a detached guest studio and mountain views. It is an ideal acquisition for discerning homeowners or long-term investors seeking a premium Montecito lifestyle.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 279 Santa Rosa Lane Subject | $6,495,000* List Price | 4 | 4 | 3,307 | $2,010 | - |
A 1383 School House Road Sold | $5,800,000 | 4 | 3 | 2,926 | $1,982 | 0.6 mi |
B 1399 School House Road Sold | $6,625,000 | 5 | 5 | 3,637 | $1,822 | 0.6 mi |
C 1424 La Vereda Lane Active | $6,995,000 List Price | 3 | 4 | 3,829 | $1,827 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although built in 1948, the property qualifies as excellent due to a recently renovated kitchen with modern appliances and high-end finishes. The interior features mint-condition hardwood and terracotta flooring, updated lighting, and well-maintained systems, indicating a comprehensive renovation within the last 5 years.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 37897, living area = 3307.
Situated in Montecito's highly coveted Hedgerow neighborhood, this property offers an ideal location within the Montecito Union School district and close proximity to both the Upper and Lower Villages.
The .87-acre lot is tucked behind a long private drive and mature hedges, providing rare usable acreage with lush landscaping, mountain views, and a storybook setting for indoor-outdoor living.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 3307, other record living area = 2791. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 3.
Built in 1948, the property may require more intensive maintenance or upgrades to its core systems compared to newer constructions, despite recent cosmetic renovations.
The listing price reflects a significant increase from its 2023 sale price of $5.295M, which may lead to appraisal challenges or buyer hesitation regarding current market value.
Tucked at the end of a long private drive and hidden behind mature hedges in Montecito's coveted Hedgerow neighborhood, this charming single-level residence unfolds across .87 acres of lush, usable grounds just moments from the Upper & Lower Villages, beaches, trails, and MUS. The magical approach winds past agave, jacaranda, magnolia, and citrus trees before opening into a warm, character-filled home with French doors, exposed beams, hardwood and terracotta tile, fireplaces, and thoughtful updates, including a recently renovated kitchen. Gardens, patios, & expansive lawns create effortless indoor-outdoor living, while a detached guest studio offers flexibility for visitors or creative pursuits. Mountain views, mature trees & layered landscaping lend the property a quiet, storybook feel.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 4.0 | 50% |
| Baths | 4.0 | 5.0 | 47% |
| Square foot | 3,307 | 3,681 | 40% |
| Lot Size | 37,897 | 40,075.199 | 40% |
| Price | $6.50M | $5.30M | 64% |
| Price per sq ft | $2.0K | $1.7K | 57% |
| Built year | 1948 | 1982 | 9% |
| HOA | $0 | $0 | 50% |
| Days on market | 11 | 221 | 2% |
May 26, 2026
$6,495,000
Initial Listing
May 23, 2023
$5,295,000
Public Record
Jan 4, 2022
$4,500,000
Public Record