2891 Hidden Valley Lane, Santa Barbara, CA 93108, Santa Barbara, 93108 - 4 bed, 3 bath
ACTIVE$4,900,000$4,447/sqft
Est. Value: $4,900,000
%
FairlyEstimate
2891 Hidden Valley Lane, Santa Barbara, CA 93108
4Beds
3Baths
4,447Sqft
54,014Lot
Price Vs. Estimate
The estimated value ($4,900,000) is $0 (0%) lower than the list price ($4,900,000). This property may be overpriced.
Key pros and cons
Top Pros:
High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 54014, living area = 4447.
Top Cons:
High Price Point: The listing price of $4.9 million represents a significant investment, which may narrow the pool of potential buyers despite the property's luxury features and location.
Compared to the nearby listings
Price:$4.90M vs avg $6.00M ($-1,100,000)38%
Size:4,447 sqft vs avg 2,835 sqft76%
Price/sqft:$1.1K vs avg $1.4K40%
More Insights
Built in 1989 (37 years old).
Condition: The property, built in 1989, is well-maintained with a clean, contemporary aesthetic in its main living areas, featuring modern-looking tile flooring and recessed lighting. However, the kitchen, while functional with stainless steel appliances and a farmhouse sink, has cabinet and countertop styles that appear dated for a luxury home. More significantly, at least one bathroom (image 38) shows very outdated elements including the vanity, integrated sinks, and lighting fixtures. These key areas require substantial updates to meet current luxury standards, aligning with the 'fair' condition criteria of being aged but maintained, with major components functional but showing signs of being outdated, and requiring minor updates or repairs.
Year Built
1989
Close
-
List price
$4.9M
Original List price
-
Price/Sqft
$1,102
HOA
$0
Days on market
-
Sold On
-
MLS number
25595179
Home ConditionFair
Features
Excellent View:
Pool
Spa
Patio
View-
About this home
Exclusive retreat on peaceful Hidden Valley Lane in Montecito overlooking the Pacific Ocean, Channel Islands, Coastline, and Santa Ynez Mountains. This estate is convenient and peaceful ideally situated to take in spectacular sunset views and picturesque mountain vistas. The private location is only six minutes to the Upper Village of Montecito. Elegant living in a contemporary home featuring soaring ceilings, rooms flooded in natural light creating an inviting and airy atmosphere to entertain or unwind with family.
R
Randy Haden
Listing Agent
Price History
Date
Event
Price
09/23/97
Sold
$1,450,000
12/22/20
Sold
$2,500,000
12/04/13
Sold
$2,400,000
Condition Rating
Fair
The property, built in 1989, is well-maintained with a clean, contemporary aesthetic in its main living areas, featuring modern-looking tile flooring and recessed lighting. However, the kitchen, while functional with stainless steel appliances and a farmhouse sink, has cabinet and countertop styles that appear dated for a luxury home. More significantly, at least one bathroom (image 38) shows very outdated elements including the vanity, integrated sinks, and lighting fixtures. These key areas require substantial updates to meet current luxury standards, aligning with the 'fair' condition criteria of being aged but maintained, with major components functional but showing signs of being outdated, and requiring minor updates or repairs.
Pros & Cons
Pros
High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 54014, living area = 4447.
Exceptional Views: The property boasts breathtaking panoramic views of the Pacific Ocean, Channel Islands, coastline, and Santa Ynez Mountains, offering spectacular sunsets and picturesque vistas.
Prime Montecito Location & Privacy: Situated on an exclusive and peaceful Hidden Valley Lane in Montecito, the private estate is conveniently located just six minutes from the Upper Village, combining seclusion with accessibility.
Contemporary Architecture & Natural Light: The home features elegant contemporary architecture with soaring ceilings and rooms flooded with natural light, creating an inviting and airy atmosphere ideal for both entertaining and relaxation.
Generous Lot Size: With a substantial lot size of 54,014 sqft (over 1.2 acres), the property offers ample space, privacy, and potential for extensive landscaping or outdoor amenities.
Strong Appreciation History: The property has demonstrated significant value appreciation, having sold for $2.5 million in 2020 and now listed at $4.9 million, indicating robust investment potential in a desirable market.
Cons
High Price Point: The listing price of $4.9 million represents a significant investment, which may narrow the pool of potential buyers despite the property's luxury features and location.
Potential for System Updates: Built in 1989, the 35-year-old home, while contemporary in style, may require updates to major systems (e.g., HVAC, plumbing, electrical) or finishes to align with current luxury standards expected at this price point.
Limited Detail on Luxury Amenities: The description focuses heavily on views and atmosphere but lacks specific details on high-end luxury amenities (e.g., smart home technology, specific high-end appliances, pool/spa, dedicated home office, gym) that are often expected in a property of this caliber and price.