315 Calle Elegante, Santa Barbara, CA 93108, Santa Barbara, 93108 - 3 bed, 3 bath
315 Calle Elegante
Santa Barbara, CA 93108
Property Price
SUMMARY
Analysis of 315 Calle Elegante, Santa Barbara, CA 93108 reveals a property with a current list price of $4,950,000, which is 10% above the estimated $4,483,480 Fair Market Value. Buyers should carefully evaluate the pricing and consider negotiation opportunities. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. 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.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 315 Calle Elegante Subject | $4,950,000* List Price | 3 | 3 | 2,987 | $1,501 | - |
A 520 Barker Pass Road Active | $3,950,000 List Price | 5 | 4 | 3,264 | $1,210 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is new construction or fully renovated.
Although built in 1988, the property has undergone an extensive, high-end designer renovation within the last few years. The 'Jenni Kayne-inspired' interiors feature modern natural oak flooring, soaring 19-foot ceilings, and updated spa-like bathrooms. The kitchen and living areas reflect current luxury standards with premium finishes and no signs of deferred maintenance, qualifying it for the highest condition rating.
PROSSTRENGTHS & OPPORTUNITIES
- 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.
- Premier Location
Situated in the highly coveted Cold Spring School District on a private cul-de-sac, this property offers both exclusivity and access to one of the region's top-rated schools.
- Designer Aesthetics
The Jenni Kayne-inspired interiors feature 19-foot ceilings, natural oak floors, and floor-to-ceiling stone fireplaces, creating a sophisticated and modern luxury atmosphere.
CONSRISKS & DEFICIENCIES
- Limited Bedroom Count
At a nearly $5 million price point, the three-bedroom configuration may be considered restrictive for larger families or buyers seeking more guest accommodations.
- Modest Bathroom Ratio
The home features only 2.5 bathrooms for nearly 3,000 square feet of living space, which is relatively low for a luxury residence in this market segment.
About 315 Calle Elegante
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
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1988
- Lot Size
- 30,492 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 4.0 | 40% |
| Baths | 3.0 | 5.0 | 30% |
| Square foot | 2,987 | 3,681 | 41% |
| Lot Size | 30,492 | 43,560 | 36% |
| Price | $4.95M | $5.33M | 40% |
| Price per sq ft | $1.7K | $1.6K | 50% |
| Built year | 1988 | 1973 | 65% |
| HOA | $0 | $0 | 50% |
| Days on market | 155 | 237 | 17% |
Pricing History
Listed for Sale
Feb 28, 2026
$4,950,000
$4,995,000
-1% Price Drop
Initial Listing
Price Change
Oct 3, 2025
$4,995,000
Initial Listing
Sold
Jun 2, 2022
$4,019,000
Public Record
Sold
Nov 26, 2001
$1,350,000
Public Record