
SANTA BARBARA, CA 93105
This Refined Mid-Century Coastal Retreat is a Strong Value Opportunity, listed at $2,695,000—positioned well below the $2,975,119 Fair Market Value by 9%. This valuation gap offers $280,119 in Instant Equity for the buyer. Boasting a Mint Condition Rating, the residence features sweeping Pacific Ocean views, a renovated granite kitchen, and a versatile layout with ADU conversion potential. Located near Roosevelt Elementary, this property combines high-end coastal living with immediate financial upside. It is an ideal match for Lifestyle-Driven Buyers or Owner-Occupants.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2991 Kenmore Place Subject | $2,495,000* List Price | 3 | 3 | 1,844 | $1,520 | - |
A 2685 Montrose Place Sold | $2,845,000 | 3 | 3 | 1,784 | $1,595 | 0.6 mi |
B 2674 Dorking Place Sold | $1,995,000 | 3 | 2 | 2,085 | $957 | 0.5 mi |
C 2708 Montrose Place Sold | $2,230,000 | 3 | 2 | 2,175 | $1,025 | 0.6 mi |
D 2687 Montrose Place Active | $2,900,000 List Price | 4 | 3 | 1,746 | $1,661 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Despite its 1958 build date, the property has undergone extensive high-quality renovations. It features a modern kitchen with high-end stainless steel appliances and induction cooktop, updated bathrooms with marble and mosaic finishes, and premium flooring (bamboo and slate). Critical systems are updated, including a newer roof and a modern, energy-efficient multi-zone mini-split HVAC system, placing it in mint, move-in ready condition.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 12196, living area = 1844.
The property offers unobstructed, sweeping vistas of the Pacific Ocean and Channel Islands from nearly every room, providing a premium aesthetic that significantly enhances its market value.
The dual-level layout features a self-contained lower retreat and a garage with ADU conversion potential, offering excellent flexibility for multi-generational living or rental income.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 2.
With a list price of $2.695M for 1,844 square feet, the property sits at a high price point per square foot, which may be a deterrent for buyers seeking more interior volume.
Located in Mission Canyon Heights, the hillside setting and multi-level outdoor spaces may present accessibility challenges or higher maintenance requirements compared to flat lots.
Enjoy sweeping, unobstructed Pacific Ocean and Channel Islands views from this one-of-a-kind Mission Canyon Heights home. Privately set on a quiet cul-de-sac with ideal southern exposure, this +/-1,844 sq. ft. mid-century residence is thoughtfully arranged across two levels, each with private outdoor access and expansive coastal vistas from nearly every room. The main level welcomes you through a pergola entry to vaulted ceilings, solid bamboo floors, a wall of windows, and a wrap-around view balcony with sleek tempered glass railing, ideal for entertaining or simply soaking in the scenery. The renovated kitchen is appointed with granite tile counters, slate floors, quality cabinetry, dual-basin sink, high-end stainless steel appliances, an induction cooktop, rich mahogany accents, and abundant storage with an adjacent pantry room. The upper bedroom offers its own private patio with fountain. The well-appointed bathroom boasts skylights, marble finishes, a glass vessel sink and a mosaic-tiled shower with river rock flooring. Comfort is enhanced by a modern, energy-efficient, multi-zone mini-split heating and air conditioning system. The versatile lower level functions as a self-contained retreat with two additional bedrooms, full bathroom with Carrara marble vanity, and perfect indoor/outdoor flow to the spacious Saltillo tile ocean-view patio. The flexible floorplan offers extended living or is ideal for dual living or a home office suite. Additional features include a newer roof and water softening and filtration systems. An attached two-car garage with vaulted ceilings adds exceptional versatility and potential for ADU conversion. Outdoors, the nearly 1/3 acre grounds are richly landscaped and thoughtfully composed around the stunning views, featuring a spacious Saltillo tile patio, lush plantings, multiple sitting and dining areas, mature avocados, persimmons and oranges, an oak grove, and a fruit orchard. A sparkling hot tub with an easy-access outdoor shower enhances the resort-like experience, supported by a detached structure with a full bathroom and second laundry ~ perfect for guests, outdoor living and daily convenience. Ideally located just minutes from the coveted Roosevelt Elementary School, the historic Mission, Botanic Gardens, Downtown, and scenic hiking trails, this offering captures the essence of refined Santa Barbara coastal living.
No exterior & parking available.
Grades K-6 • 1.1 mi
Grades 7-8 • 2.5 mi
Grades 9-12 • 1.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 1,844 | 2,079 | 44% |
| Lot Size | 12,196 | 9,365.5 | 61% |
| Price | $2.50M | $2.20M | 61% |
| Price per sq ft | $1.4K | $1.1K | 73% |
| Built year | 1958 | 1962 | 35% |
| HOA | $0 | $0 | 50% |
| Days on market | 39 | 152 | 2% |
Jun 5, 2026
$2,495,000
$2,595,000
-4% Price Drop
Initial Listing
May 14, 2026
$2,595,000
$2,695,000
-4% Price Drop
Initial Listing
Apr 28, 2026
$2,695,000
Initial Listing
Jun 30, 2020
$1,475,000
Public Record