305 Mesa Lane, SANTA BARBARA, CA 93109, SANTA BARBARA, 93109 - 0 bed, 0 bath
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SANTA BARBARA, CA 93109
Analysis of 305 Mesa Lane, SANTA BARBARA, CA 93109 is currently available with a list price of $2,995,000. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. Located in a high-demand neighborhood within the SANTA BARBARA Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Property is move-in ready.
The property is in move-in ready condition following recent extensive cosmetic renovations. Updates include new wide-plank flooring, fresh interior and exterior paint, and refreshed landscaping. The kitchen is well-maintained with stone countertops, a center island, and modern stainless steel appliances. While the 1975 build date suggests some original core infrastructure, the visible fixtures, recessed lighting, and overall aesthetic have been modernized to meet current market expectations.
The property features a versatile layout with a 4BR/4BA main house and 3BR/1BA guest quarters, offering significant rental upside, 1031 exchange suitability, or SB9/ADU development potential.
Situated in one of Santa Barbara's most coveted coastal neighborhoods, the home is walking distance to Douglas Preserve, Mesa Lane Beach, and popular local amenities like Lazy Acres.
The residence is move-in ready following recent updates, including new flooring, fresh interior/exterior paint, an impressive new driveway, and refreshed professional landscaping.
With a total of 7 bedrooms across two units on a 7,841 sqft lot, the property may feel crowded, potentially limiting private outdoor space for individual tenants.
Despite cosmetic updates, the 1975 construction date suggests that core systems like plumbing, electrical, or roofing may require future capital expenditure compared to newer developments.
The significant gap between the $2.995M list price and the $2.55M sale price indicates the property faced initial overvaluation or challenges during the due diligence period.
Exciting Mesa Investment Opportunity near the Beach and Douglas Preserve, one of Santa Barbara's most desirable rental areas. Gated Entry with Main house 4BR/4BA featuring two primary suites (one on entry level). Plus, private guest quarters w/3BR/1BA, kitchenette/wet bar. Rent entire property to one tenant, explore JADU potential, or consult planner about SB9 to create Duplex. Large 2-car garage for excellent ADU idea. Strong rental demand - ideal for a 1031 exchange, Or owner-user wanting income to cover your payments. Rare blend of indoor/outdoor living, character and coastal lifestyle. Flexible layout for home offices, media and exercise rooms. Full kitchen with island plus a second kitchenette, offering excellent long-term income potential. See Floor Plans. Plus, Spa, Gazebo & Solar. Updates: Recently updated with new flooring, paint, refreshed landscaping, lawn, and an impressive driveway approach. Move-in ready. Additional highlights: separate freestanding office, ample outdoor areas, flower garden with white roses, deck, gazebo, fenced yard, lots of off-street parking, and solar. Generous square footage with long-term upside - preserve its charm, add your vision, or pursue future ADUs/SB9 possibilities. Enjoy nearby beaches, Elings Park, Shoreline Park, and watch for dolphins and whales. A cherished home with a warm, Cape Cod feel, providing an exceptional Mesa experience. Ideal rental location: Great area for exercising, bicycling, and exploring. Pet Friendly property with fenced backyard for dogs. Close to the Restaurants, Schools, Shopping, Lazy Acres, Cottage Hospital, with quick access to the Santa Barbara Harbor, Downtown, the SB Airport, and the 101 Fwy.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 2,898 | 2,898 | 50% |
| Lot Size | 7,841 | 7,841 | 50% |
| Price | $2.55M | $2.55M | 50% |
| Price per sq ft | $880 | $880 | 50% |
| Built year | 1975 | 1975 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 203 | 203 | 0% |
Jan 28, 2026
$2,550,000
Public Record
Nov 23, 2025
$2,995,000
Initial Listing