2815 E Valley Road, MONTECITO, CA 93108, MONTECITO, 93108 - 6 bed, 7 bath
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MONTECITO, CA 93108
This Lush Modern Compound is a Strong Value Opportunity, listed at $5,995,000—positioned well below the $6,608,980 Fair Market Value by 9%. This valuation gap provides $613,980 in Instant Equity. Boasting a Turnkey Condition Rating, the estate features six bedrooms, two renovated kitchens, and mountain range views on a rare level acre. With its versatile layout and high-end finishes, this property is a premier choice for multi-generational families or Owner-Occupants seeking a sophisticated Montecito sanctuary with built-in financial upside.
Property is new construction or fully renovated.
Although originally built in 1960, the property has undergone a comprehensive, high-end renovation within the last few years that meets current luxury standards. The interior features a modern open-concept layout with vaulted beamed ceilings, wide-plank light wood flooring, and designer light fixtures. The two kitchens are fully modernized with premium cabinetry, stone countertops, and high-end appliances. The bathrooms have been completely reimagined with contemporary vanities, freestanding soaking tubs, and frameless glass showers. The property is in turnkey condition with no visible deferred maintenance, qualifying it for the highest condition rating.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 41382, living area = 4814.
The property has been extensively updated with two renovated kitchens, modernized bathrooms, and a new garage, providing a turnkey, luxury living experience with contemporary finishes.
Set on a rare, level one-acre parcel in Montecito, the grounds offer lush landscaping, live oaks, and seamless indoor-outdoor flow via extensive decks and patios.
The property has seen multiple price reductions totaling $1 million since its initial listing, which may suggest a disconnect between the original asking price and current market expectations.
While the interior is newly renovated, the original 1960 construction may still possess underlying infrastructure or architectural limitations common to older homes in this price bracket.
This newly renovated, open-concept home set on a level, shy 1-acre parcel has everything on your wish list and more! Nestled among live oaks and verdant lawns, this lush, modern compound is a wonderful canvas for a low-key luxe lifestyle, with ample space for offices, wellness, multi-generational living, guests, an au pair, or simply having extra elbow room. Vaulted ceilings and sunny southern exposure in the main house bring a lofty sensibility, while two great rooms offer ideal spaces for media and play. Recent upgrades include 2 renovated kitchens, renovated baths, an additional bedroom in the main house, and new garage. Beyond the indoor spaces, beautiful private gardens, extensive decks, and patios foster an easy sense of indoor/outdoor living. This blend of luxury, space, and nature. creates an unparalleled Montecito retreat!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 6.0 | 4.0 | 92% |
| Baths | 7.0 | 4.0 | 87% |
| Square foot | 4,814 | 3,601 | 84% |
| Lot Size | 41,382 | 40,075.199 | 54% |
| Price | $6.00M | $5.30M | 59% |
| Price per sq ft | $1.2K | $1.7K | 27% |
| Built year | 1960 | 1980 | 25% |
| HOA | $0 | $0 | 50% |
| Days on market | 72 | 239 | 5% |
Apr 10, 2026
$5,995,000
$6,295,000
-5% Price Drop
Initial Listing
Mar 11, 2026
$6,295,000
$6,995,000
-10% Price Drop
Initial Listing
Feb 9, 2026
$6,995,000
Initial Listing