315 Calle Elegante, Santa Barbara, CA 93108, Santa Barbara, 93108 - 3 bed, 3 bath
ACTIVE$4,995,000$2,987/sqft
Est. Value: $4,995,000
%
FairlyEstimate
315 Calle Elegante, Santa Barbara, CA 93108
3Beds
3Baths
2,987Sqft
30,492Lot
Price Vs. Estimate
The estimated value ($4,995,000) is $0 (0%) lower than the list price ($4,995,000). 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 = 30492, living area = 2987.
Top Cons:
Potential for Older Systems: While the interiors are updated, the 1988 build year suggests that some major systems (e.g., plumbing, electrical, roof) may be original or nearing the end of their lifespan, potentially requiring future investment from the buyer.
Compared to the nearby listings
Price:$5.00M vs avg $6.00M ($-1,005,000)38%
Size:2,987 sqft vs avg 2,835 sqft51%
Price/sqft:$1.7K vs avg $1.4K64%
More Insights
Built in 1988 (38 years old).
Condition: Despite being built in 1988, this property has undergone an extensive and high-quality interior renovation, evident in the 'Jenni Kayne-inspired interiors.' The kitchen features modern light wood cabinetry, dark countertops, and high-end stainless steel appliances, all appearing virtually new. Bathrooms are equally impressive, with a spa-like primary bath, updated secondary bath, and a stylish powder room, all showcasing modern fixtures, vanities, and finishes. Natural oak floors are consistent throughout, and light fixtures are contemporary. While the property analysis notes a 'potential for older systems' and 'absence of central air conditioning,' the visible components are new or virtually new, meeting current quality standards with no deferred maintenance, aligning with an 'Excellent' condition score for a recently renovated home.
Year Built
1988
Close
-
List price
$5M
Original List price
-
Price/Sqft
$1,672
HOA
$0
Days on market
-
Sold On
-
MLS number
25602409
Home ConditionExcellent
Features
Good View:
Patio
View-
About this home
Set on a private cul-de-sac, this 3-bed/2.5-bath home with 2 offices blends timeless Spanish architecture with Jenni Kayne-inspired interiors. Spanning 2,987 sq. ft. the Montecito home highlights soaring 19-foot ceilings, sunlit interiors, and an effortless indoor-outdoor connection. Two floor-to-ceiling stone fireplaces, natural oak floors, and open living, dining, and den areas add style and function. All bedrooms open to gardens, while the sanctuary-like primary suite features high ceilings, a spa-like bath, and 2 closets. A main-level office and upstairs office loft add flexibility. Outdoors, a large patio flows to a usable grassy yard with lush landscaping. Earthy and effortlessly luxurious, it's a rare find in the Cold Spring School District
M
Marsha Kotlyar
Listing Agent
Price History
Date
Event
Price
06/02/22
Sold
$4,019,000
11/26/01
Sold
$1,350,000
Condition Rating
Excellent
Despite being built in 1988, this property has undergone an extensive and high-quality interior renovation, evident in the 'Jenni Kayne-inspired interiors.' The kitchen features modern light wood cabinetry, dark countertops, and high-end stainless steel appliances, all appearing virtually new. Bathrooms are equally impressive, with a spa-like primary bath, updated secondary bath, and a stylish powder room, all showcasing modern fixtures, vanities, and finishes. Natural oak floors are consistent throughout, and light fixtures are contemporary. While the property analysis notes a 'potential for older systems' and 'absence of central air conditioning,' the visible components are new or virtually new, meeting current quality standards with no deferred maintenance, aligning with an 'Excellent' condition score for a recently renovated home.
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 = 30492, living area = 2987.
Prestigious Location & School District: Situated on a private cul-de-sac in Montecito, this home benefits from a highly desirable address and is located within the esteemed Cold Spring School District, enhancing its appeal and long-term value.
Exceptional Design & Architectural Features: The property boasts timeless Spanish architecture with Jenni Kayne-inspired interiors, featuring soaring 19-foot ceilings, two floor-to-ceiling stone fireplaces, natural oak floors, and sunlit interiors, creating a luxurious and stylish living environment.
Flexible Living & Work Spaces: With 3 bedrooms, 2.5 baths, and two dedicated office spaces (a main-level office and an upstairs loft), the home offers excellent flexibility for modern living, remote work, or accommodating guests.
Luxurious Primary Suite & Indoor-Outdoor Flow: The sanctuary-like primary suite includes high ceilings, a spa-like bath, and two closets. All bedrooms open to gardens, and the property features an effortless indoor-outdoor connection with a large patio and usable grassy yard, perfect for entertaining and relaxation.
Generous Lot Size & No HOA: The property sits on a substantial 30,492 sq. ft. lot with lush landscaping, providing ample outdoor space and privacy, further enhanced by the absence of association fees.
Cons
Potential for Older Systems: While the interiors are updated, the 1988 build year suggests that some major systems (e.g., plumbing, electrical, roof) may be original or nearing the end of their lifespan, potentially requiring future investment from the buyer.
Absence of Central Air Conditioning: The property description does not mention a cooling system, which could be a significant drawback for some buyers, particularly during warmer months, despite Santa Barbara's generally mild climate.
Limited Buyer Pool due to Price: The high list price of nearly $5 million, while reflective of the Montecito market, naturally restricts the potential buyer pool to a very affluent segment, which could impact market time.