
SANTA BARBARA, CA 93105
This Flexible Dual-Living Mountain Retreat is a Strong Value Opportunity, listed at $1,695,000—positioned well below the $1,819,148 Fair Market Value by 6%. This valuation gap offers $124,148 in Instant Equity. The property maintains a Condition Rating of 3 with a move-in ready interior, featuring panoramic mountain and ocean views and a private 4-acre sanctuary. Located in the Mountain View School district, the dual-living layout provides house-hack potential. This is a prime choice for Owner-Occupants or Multi-generational Families seeking lifestyle flexibility.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2924 San Marcos Pass Road Subject | $1,695,000* List Price | 4 | 3 | 2,700 | $674 | - |
A 2924 San Marcos Pass Road Active | $1,795,000 List Price | 4 | 3 | 2,700 | $665 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Although built in 1962, the property has undergone significant interior renovations. The kitchen features modern shaker cabinetry, stone countertops, and stainless steel appliances. Updated flooring, recessed lighting, and the addition of solar panels indicate well-maintained systems and a move-in-ready condition consistent with a 5-15 year renovation cycle.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 175546, living area = 2700.
The 2,700 sq. ft. layout features two distinct living spaces with separate entrances and full kitchens, making it ideal for multi-generational families or flexible guest accommodations.
Set on 4 private acres with sweeping mountain and ocean views, the property offers rare usable level areas, a detached workshop, and a cedar sauna, providing a true retreat atmosphere.
The 1962 construction and the suggestion to 'bring your personal vision' indicate that the home likely requires cosmetic or structural updates to meet modern luxury standards.
The expansive 4-acre mountain lot with native vegetation and a seasonal creek may require significant ongoing maintenance for fire safety and land management.
Flexible Dual-Living Mountain Retreat with Views & Privacy. Just 10 minutes above Santa Barbara, this private 4-acre retreat offers sweeping mountain & ocean views, privacy, & access to the highly regarded Mountain View School. Designed for dual living or multi-generational use, the approximately 2,700 sq. ft. home features two distinct living spaces. The main level includes 3 bedrooms, 2 baths, an open kitchen, laundry, & light-filled living areas leading to expansive view decks. The lower level offers a private, self-contained living space with its own entrance, full kitchen, living room, bedroom, bath, laundry, & workspace-ideal for extended guests, independent living, or flexible use. The acreage has multiple usable level areas for outbuildings, recreation or gardening, and is surrounded by a seasonal creek, native boulders, oaks, pines and manzanitas. Bring your personal vision to this property. Existing outdoor features include walking paths, a cedar sauna and hot tub, chicken coop, and detached workshop. This is a rare opportunity for those seeking space, flexibility, and a connection to the land--just minutes from town.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 63% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 2,700 | 2,116 | 81% |
| Lot Size | 175,546 | 9,583 | 95% |
| Price | $1.70M | $2.20M | 22% |
| Price per sq ft | $628 | $1.1K | 5% |
| Built year | 1962 | 1962 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 45 | 158 | 2% |
Apr 30, 2026
$1,695,000
Initial Listing