2831 Miradero Drive, SANTA BARBARA, CA 93105, SANTA BARBARA, 93105 - bed, bath
ACTIVE$2,395,000/sqft
2831 Miradero Drive, SANTA BARBARA, CA 93105
0Bed
0Bath
Sqft
6,969.6Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Income Potential & Flexibility: This rare duplex offers significant income potential with two spacious 3BD/2BA units, each previously renting for up to $5,150/month. Delivered vacant, it provides exceptional flexibility for investors, owner-occupants seeking rental income, or multi-generational living.
Top Cons:
MLS Listing Discrepancy: Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =6969, other record lot size in square feet = 1520.
Compared to the nearby listings
Price:$2.40M vs avg $2.12M (+$270,000)80%
Size: sqft vs avg sqft50%
Price/sqft:$0 vs avg $050%
More Insights
Built in 1967 (59 years old).
Condition: Despite being built in 1967, this duplex has undergone significant and tasteful renovations, particularly in the kitchens and bathrooms, which feature modern cabinets, white solid surface countertops, and stainless steel appliances. The flooring throughout is updated with hardwood or laminate, and the interiors are freshly painted, presenting a clean, move-in ready aesthetic. While the presence of wall-mounted heaters and the lack of central air conditioning suggest that some core systems may not be fully modernized, the visible components are well-maintained and functional, indicating a property that has been extensively updated within the last 5-15 years.
Year Built
1967
Close
-
List price
$2.4M
Original List price
-
Price/Sqft
$0
HOA
$0
Days on market
-
Sold On
-
MLS number
25-3241
Home ConditionGood
Features
Good View:
Deck
Patio
View-
About this home
This rare duplex in the Peabody School District offers two spacious 3BD/2BA condos of about 1,700 sq ft each, with mountain views, private outdoor space and dedicated laundry. Unit A is a ground floor, single level unit with a private courtyard, bright kitchen with stainless steel appliances, large living room with fireplace and a generous primary suite. Unit B is the upstairs residence filled with natural light, featuring an expansive deck, open living and dining with fireplace, bright kitchen and spacious primary suite. Each has garage parking and has rented for up to $5,150 per month. Delivered vacant, the property offers flexibility to lease, live in one and rent the other, or enjoy as a two residence compound, all in a fantastic Peabody location close to shops and dining.
B
Bartron Real Estate
Listing Agent
Price History
Date
Event
Price
02/02/99
Sold
$390,000
08/09/13
Sold
$625,000
Condition Rating
Good
Despite being built in 1967, this duplex has undergone significant and tasteful renovations, particularly in the kitchens and bathrooms, which feature modern cabinets, white solid surface countertops, and stainless steel appliances. The flooring throughout is updated with hardwood or laminate, and the interiors are freshly painted, presenting a clean, move-in ready aesthetic. While the presence of wall-mounted heaters and the lack of central air conditioning suggest that some core systems may not be fully modernized, the visible components are well-maintained and functional, indicating a property that has been extensively updated within the last 5-15 years.
Pros & Cons
Pros
Income Potential & Flexibility: This rare duplex offers significant income potential with two spacious 3BD/2BA units, each previously renting for up to $5,150/month. Delivered vacant, it provides exceptional flexibility for investors, owner-occupants seeking rental income, or multi-generational living.
Prime Location & School District: Situated in a 'fantastic Peabody location' within the highly desirable Peabody School District, the property benefits from proximity to shops and dining, enhancing its appeal to families and renters alike.
Spacious & Well-Appointed Units: Each unit boasts a generous 1,700 sq ft layout with 3 bedrooms and 2 bathrooms, featuring bright kitchens (one with stainless steel appliances), fireplaces, and spacious primary suites, ensuring comfortable living.
Desirable Outdoor Features & Views: Both units offer private outdoor spaces—a private courtyard for Unit A and an expansive deck for Unit B—along with mountain views, significantly enhancing the quality of life and property value.
Dedicated Amenities: Each unit benefits from dedicated laundry facilities and individual garage parking, providing essential convenience and adding to the property's overall functionality and appeal.
Cons
MLS Listing Discrepancy: Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =6969, other record lot size in square feet = 1520.
Age of Construction: Built in 1967, the property's age suggests that core systems (e.g., plumbing, electrical, roofing) may be original or nearing the end of their lifespan, potentially requiring future capital expenditures for updates or replacements.
Lack of Mentioned Cooling System: The property description does not specify the presence of any air conditioning system, which could be a drawback for comfort during warmer months and potentially impact rental desirability or resale value for some buyers.
Duplex Structure & Shared Elements: As a duplex, the property inherently involves shared walls and potentially less privacy compared to a detached single-family home, which might not appeal to all buyer segments seeking complete solitude.