2827 Palomino Ridge Lane, SANTA BARBARA, CA 93105, SANTA BARBARA, 93105 - 4 bed, 5 bath
Loading property details...
SANTA BARBARA, CA 93105
This Luxury Spanish Estate is a Strong Value Opportunity, listed at $5,199,000—positioned well below the $5,732,549 Fair Market Value by 9%. This valuation gap provides $533,549 in Instant Equity. Boasting a Mint Condition Rating, the recently remodeled interior features a chef's kitchen and a wellness gym with sauna. Set on a 4.6-acre knoll with panoramic ocean views and 170 pomegranate trees, the property offers unparalleled privacy. This is an exceptional acquisition for Owner-Occupants seeking a turnkey sanctuary or Lifestyle Investors prioritizing immediate equity in a premier coastal location.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2827 Palomino Ridge Lane Subject | $5,199,000* List Price | 4 | 5 | 3,894 | $1,472 | - |
A 2840 Holly Road Active | $5,295,000 List Price | 2 | 3 | 3,224 | $1,642 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
The property has been recently remodeled with high-end modern finishes, including a chef's kitchen with premium appliances and luxury spa-like bathrooms. Built in 2003 but featuring a fresh renovation, it is in mint condition with no maintenance required.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 202118, living area = 3894.
Situated on a 4.6-acre knoll, the estate features over 170 pomegranate trees and mature orchards, offering unparalleled privacy and a serene, estate-like setting in the Santa Barbara foothills.
The recently remodeled interior seamlessly blends timeless Spanish architecture with contemporary luxury, featuring a chef's kitchen, custom lighting, and a dedicated wellness gym with a sauna.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 3894, other record living area = 2798. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 3.
The assigned public schools carry average ratings (ranging from 4 to 6), which may be a consideration for families prioritizing high-ranking educational districts.
The property reflects a substantial price increase of nearly $2 million since its last sale in late 2024, which may lead to closer buyer scrutiny regarding the current market valuation.
Recently remodeled, this Spanish-style property blends timeless architecture with refined modern design. Custom lighting, curated finishes, a chef's kitchen, and seamless indoor-outdoor flow create an elevated living experience ideal for both entertaining and everyday living. The main level features three en-suite bedrooms, while a versatile lower level offers a wellness gym with sauna, plus space for guests, work, or retreat. Privately set on a 4.6-acre knoll in Santa Barbara's foothills, the property enjoys sweeping canyon and ocean views, complemented by a generous motor court and exceptional privacy. Known as Casa Rosso Granada, the property is defined by nearly 170 pomegranate trees, along with mature avocado and citrus orchards, creating a serene, estate-like setting.
No exterior & parking available.
Grades K-6 • 1.3 mi
Grades 7-8 • 2.6 mi
Grades 9-12 • 2.0 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 65% |
| Baths | 5.0 | 3.0 | 95% |
| Square foot | 3,894 | 2,087 | 98% |
| Lot Size | 202,118 | 9,365.5 | 95% |
| Price | $5.20M | $2.20M | 95% |
| Price per sq ft | $1.3K | $1.1K | 69% |
| Built year | 2003 | 1963 | 94% |
| HOA | $0 | $0 | 50% |
| Days on market | 45 | 152 | 2% |
Apr 22, 2026
$5,199,000
Initial Listing
Oct 18, 2024
$3,225,000
Public Record
Mar 14, 2001
$425,000
Public Record
Aug 26, 1998
$217,000
Public Record