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 $5,495,000—positioned well below the $6,155,331 Fair Market Value by 10%. This valuation gap offers $660,331 in Instant Equity. Boasting an Excellent Condition Rating, the estate features two renovated kitchens, vaulted ceilings, and mountain views on a rare level acre. The seamless indoor-outdoor flow and flexible layout provide a sophisticated, turnkey sanctuary. This is an exceptional acquisition for multi-generational families or Owner-Occupants seeking a premier Montecito retreat with significant financial upside.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2815 E Valley Road Subject | $5,495,000* List Price | 6 | 7 | 4,814 | $1,279 | - |
A 2815 E Valley Road Active | $5,495,000 List Price | 6 | 7 | 4,814 | $1,141 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
The property is a 1960 build that has undergone a comprehensive recent renovation, qualifying it for the excellent category. The listing highlights two newly renovated kitchens and updated bathrooms, while the images confirm mint condition with modern wide-plank flooring, recessed lighting, and high-end finishes. The exterior features a new garage and updated decking, indicating no deferred maintenance.
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 features extensive recent upgrades including two renovated kitchens and updated baths, offering a turnkey, modern living experience with a flexible layout ideal for multi-generational living or home offices.
Situated on a rare, level one-acre parcel in Montecito, the lush grounds provide significant privacy, verdant lawns, and mature live oaks, offering a spacious canvas for outdoor luxury.
Despite extensive renovations, the original 1960 construction may still possess underlying structural or utility elements that do not match the efficiency of a ground-up contemporary build.
At a $5.495M price point, the property faces stiff competition from newer architectural estates, which may impact its perceived value for buyers seeking modern construction over a renovated mid-century home.
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.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 6.0 | 4.0 | 91% |
| Baths | 7.0 | 5.0 | 85% |
| Square foot | 4,814 | 3,784 | 83% |
| Lot Size | 41,382 | 40,946.398 | 51% |
| Price | $5.50M | $5.30M | 51% |
| Price per sq ft | $1.1K | $1.6K | 26% |
| Built year | 1960 | 1982 | 25% |
| HOA | $0 | $0 | 50% |
| Days on market | 36 | 221 | 2% |
May 1, 2026
$5,495,000
Initial Listing
Nov 12, 2021
$4,150,000
Public Record
Dec 9, 1998
$685,000
Public Record