
Santa Barbara, CA 93103
This Riviera Single-Family Residence represents a Strong Value Opportunity, listed at $2,998,000—positioned well below the $3,147,067 Fair Market Value by 4%. This valuation gap offers $149,067 in Instant Equity. While the home maintains a Condition Rating of 4, its Panoramic Coastal Views and Large Lot Size provide a rare foundation for modernization. This legacy property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking to customize a premier Santa Barbara estate.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 33 Loma Media Road Subject | $2,998,000* List Price | 4 | 4 | 2,561 | $1,199 | - |
A 1720 Mission Ridge Road Sold | $2,995,000 | 3 | 3 | 2,202 | $1,360 | 0.9 mi |
B 624 Las Alturas Road Pending | $3,150,000 List Price | 3 | 2 | 2,406 | $1,309 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1952 with renovations that appear to be 20+ years old. While the home is well-maintained and functional, the kitchen and bathrooms are dated with 1990s-era white appliances, tan cabinetry, and gold-trimmed shower enclosures, fitting the criteria for a property needing modern updates.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 20473, living area = 2561.
The property offers exceptional, unobstructed vistas of the Pacific Ocean, Santa Barbara Harbor, and the Channel Islands from nearly every room, significantly enhancing its market value.
Situated in one of Santa Barbara's most coveted neighborhoods, this legacy property provides a rare combination of privacy and proximity to downtown, fine dining, and world-renowned beaches.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2561, other record living area = 2515.
Built in 1952 and held by the same owner for 32 years, the home may require further capital investment to update original systems or finishes to meet contemporary luxury standards.
The expansive half-acre lot with mature trees and lush gardens requires significant ongoing maintenance and water usage to preserve the property's curb appeal and serene setting.
Offered for the first time in over 32 years, this exceptional Riviera residence, situated on just under half an acre, captures some of the most breathtaking panoramic views in all of Santa Barbara. Perfectly positioned in one of the city's most coveted neighborhoods, this light-filled home showcases unobstructed vistas of the Pacific Ocean, Santa Barbara Harbor, the Channel Islands, and the sparkling coastline from nearly every room. Designed for both comfortable everyday living and effortless entertaining, the thoughtfully designed single-level floor plan features four bedrooms and four bathrooms, with two private bedroom wings offering exceptional separation and privacy. The expansive primary suite occupies its own wing, creating a peaceful retreat complete with stunning ocean views. At the heart of the home, the updated open-concept kitchen flows seamlessly into the spacious living and dining areas, all framed by spectacular coastal vistas. A cozy fireplace adds warmth and ambiance on cooler evenings, while the adjoining patio invites year-round indoor-outdoor living, embracing Santa Barbara's celebrated climate. The beautifully landscaped grounds are designed for both relaxation and entertaining, featuring multiple outdoor seating areas, a spacious backyard, mature trees, and lush gardens that create a serene and private setting. A generous driveway provides ample off-street parking for family and guests. This is a rare opportunity to own a legacy property in the highly sought-after Riviera, just minutes from downtown Santa Barbara, world-renowned beaches, fine dining, boutique shopping, and renowned cultural attractions. With unparalleled views, an exceptional location, and timeless appeal, this extraordinary residence embodies the very best of the Santa Barbara lifestyle.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.6 |
| Baths | 4.0 | 3.3 |
| Square foot | 2,561 | 2,905.353 |
| Lot Size | 20,473 | 21,805.412 |
| Price | $3.00M | $4.86M |
| Price per sq ft | $1.2K | $1.7K |
| Built year | 1952 | 1958 |
| HOA | $0 | $3.2K |
| Days on market | 42 | 84 |
Jul 29, 2026
$2,998,000
Initial Listing