
SANTA BARBARA, CA 93110
** is listed at $5,399,000, reflecting the enduring prestige of its Exclusive Hope Ranch Location compared to a $5,076,687 Fair Market Value. Currently holding a Fair Condition Rating, the 3,974 sq. ft. residence features vaulted beam ceilings, a pool and spa, and hillside views with expansive patios on a lush 1.07-acre lot with ADU potential. With access to a private beach and equestrian trails, the property offers significant ROI potential through modernization. This is a premier acquisition for Luxury Developers or Visionary Owner-Occupants."
Wait, I noticed a typo in my thought process: `Estate</p>`? No, I won't use p tags. Just the span tags.
Wait, I see `Estate**`. Yes.
One last check on the FMV: $5,076,686.58. Rounding to nearest integer: $5,076,687. Correct.
One last check on the List Price: $5,399,000. Correct.
One last check on the Condition Rating: "Fair". Correct.
One last check on the Buyer Profiles:
- <span class="text-blue-60
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3966 Laguna Blanca Drive Subject | $5,399,000* List Price | 5 | 6 | 3,974 | $1,277 | - |
A 4385 Via Presada Sold | $4,930,000 | 5 | 5 | 4,376 | $1,127 | 0.9 mi |
B 4385 Via Presada Sold | $4,930,000 | 5 | 5 | 4,376 | $1,127 | 0.9 mi |
C 3980 Laguna Blanca Drive Active | $5,899,000 List Price | 5 | 6 | 4,170 | $1,415 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1970, this estate is well-maintained but retains most of its original finishes, fitting the 'Fair' criteria perfectly. The kitchen and bathrooms are functional but highly outdated, featuring 1970s-style tile countertops, fluorescent light boxes, and carpeted bathroom floors. While the property has 'good bones' and vaulted wood-beamed ceilings, it requires comprehensive modernization of its appliances, fixtures, and surfaces to meet contemporary standards.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 46609, living area = 3974.
Situated in the prestigious Hope Ranch, the property grants access to 22 miles of equestrian trails, a private beach with lifeguard services, tennis courts, and 24-hour neighborhood security.
The 1.07-acre lot offers gentle topography and lush, private grounds, providing significant potential for expansion, including the addition of a guesthouse or ADU.
Built in 1970, the home retains many original finishes and requires a comprehensive update to the kitchen, bathrooms, and systems to meet modern luxury standards.
While the property has 'good bones,' the scale of nearly 4,000 square feet means a full modernization to align with the $5.4M price point will require substantial additional capital.
Welcome to Hope Ranch, anClassic Spanish estate in coveted Hope Ranch on 1.07 acres of lush, private grounds. Nearly 4,000 sq ft with vaulted beam ceilings, arched openings, and sunlit living spaces. Features include 5BD/4.5BA, formal living and dining rooms, spacious kitchen with breakfast nook, and a poolside family room perfect for entertaining. The home is in good condition and offers a solid foundation for upgrades or a full reimagining. Enjoy Hope Ranch amenities—private beach, equestrian trails, tennis, and 24-hour security—just minutes to La Cumbre Country Club and downtown Santa Barbara. Welcome to 3966 Laguna Blanca Drive, a rare opportunity to own a classic Hope Ranch estate that perfectly balances timeless Santa Barbara charm with endless potential. Privately situated on just over an acre surrounded by mature trees and lush greenery, this Spanish-style residence offers nearly 4,000 square feet of light-filled living space with serene garden and hillside views. Built in 1970, the home blends authentic craftsmanship with the relaxed sophistication that defines Hope Ranch living. Warm natural tones, vaulted wood-beamed ceilings, and graceful arched openings create a sense of both comfort and grandeur. Natural light streams through large windows and glass doors, illuminating spacious rooms designed for gathering and entertaining. The living room features a striking fireplace and opens effortlessly to the outdoor terrace, while the formal dining room overlooks the pool and gardens. The kitchen and breakfast nook provide a comfortable center of daily life and present an excellent opportunity for modernization or full redesign. The residence offers five bedrooms and four and a half baths, thoughtfully designed for privacy and flow. The primary suite enjoys vaulted ceilings, a generous en-suite bath, and views of the surrounding landscape. Several of the guest bedrooms feature garden access, ideal for multi-generational living, guest quarters, or flexible work-from-home spaces. Throughout the interior, original details and quality materials speak to the integrity of the home's construction, offering a strong foundation for personalization and updating. Outdoors, the property feels like a private retreat. A sparkling pool and in-ground spa are framed by patios, shaded lounging areas, and established plantings. The gentle topography and over one acre of usable land allow for expansion possibilities such as a guesthouse, ADU, or enhanced outdoor living spaces. A three-car attached garage and broad motor court offer convenience and ample parking. This is a property with solid structure and great bones, in good condition yet ready for a new owner's creative vision. Whether the goal is to refresh and preserve its original Spanish character or reimagine it as a contemporary luxury estate, the canvas is exceptional. Life in Hope Ranch offers the rare combination of privacy, prestige, and natural beauty. Residents enjoy 22 miles of equestrian and walking trails, private beach access with lifeguards and kayak storage, tennis courts, and 24-hour neighborhood security, all within minutes of La Cumbre Country Club, downtown Santa Barbara, and the coast. From morning rides along tree-lined trails to evenings entertaining by the pool, this home embodies the quintessential Santa Barbara lifestyle. 3966 Laguna Blanca Drive is more than a homeit is an opportunity to create a lasting estate in one of California's most sought-after coastal communities, where the timeless beauty of Spanish architecture meets the enduring elegance of Hope Ranch living.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 4.0 | 60% |
| Baths | 6.0 | 3.0 | 74% |
| Square foot | 3,974 | 2,615 | 70% |
| Lot Size | - | 10,018.8 | 14% |
| Price | $5.40M | $2.23M | 74% |
| Price per sq ft | $1.4K | $1.1K | 84% |
| Built year | 1970 | 1967 | 53% |
| HOA | $3100 | $100 | 70% |
| Days on market | 420 | 202 | 86% |
Feb 26, 2025
$5,399,000
Initial Listing