397 Savanna Drive, LOS ALAMOS, CA 93440, LOS ALAMOS, 93440 - 3 bed, 2 bath
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LOS ALAMOS, CA 93440
This Stunning Move-In Ready Home is a Prime Investment Opportunity, listed at $919,000—positioned well below the $949,220 Fair Market Value by 3%. This valuation gap offers $30,220 in Instant Equity for buyers. Featuring a Condition Rating of 3, the property boasts a renovated primary suite, granite kitchen, and a rare private pool, spa, and patio. Located just four blocks from downtown Los Alamos, this residence balances financial upside with a premier walkable lifestyle. It is an ideal match for lifestyle-oriented buyers or Owner-Occupants seeking a turnkey wine country sanctuary.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 397 Savanna Drive Subject | $850,000* List Price | 3 | 2 | 1,991 | $427 | - |
A 751 Hill Street Sold | $898,000 | 4 | 2 | 1,686 | $533 | 0.8 mi |
B 3 Chamiso Drive Sold | $955,000 | 4 | 3 | 2,714 | $352 | 0.0 mi |
C 475 Heritage Lane Sold | $879,000 | 3 | 3 | 1,727 | $509 | 0.9 mi |
D 710 Shaw Street Sold | $792,000 | 4 | 2 | 1,655 | $479 | 0.7 mi |
E 25 Chamiso Drive Sold | $960,000 | 4 | 3 | 2,714 | $354 | 0.1 mi |
F 265 Perkins Street Active | $819,000 List Price | 3 | 2 | 1,893 | $433 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is in move-in ready condition and shows pride of ownership. Built in 2005, it has been well-maintained with key updates, most notably a fully renovated primary bathroom featuring modern grey cabinetry and designer blue subway tile. The kitchen, while retaining its original honey-oak cabinetry, is in excellent condition with granite countertops and stainless steel appliances. The exterior is enhanced by solar panels and a high-quality pool and spa installation with stone accents and artificial turf, elevating the overall quality above standard homes of this age.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 8712, living area = 1991.
As one of the few homes in Los Alamos featuring a private pool and spa, this property offers a unique and highly desirable outdoor lifestyle that is difficult to find in the local market.
Situated just four blocks from downtown Los Alamos, the home provides exceptional access to the area's renowned culinary scene, wine tasting rooms, and entertainment.
The property includes a $250 monthly association fee, which increases the total monthly carrying cost compared to other single-family residences in the area without an HOA.
While the pool and spa are major assets, they occupy a significant portion of the 8,712 sqft lot, potentially limiting space for traditional gardening or large grassy play areas.
Your summer retreat awaits. This Los Alamos gem is one of the rare homes in town featuring a private pool, spa, and a backyard built for warm-weather entertaining. Whether you're hosting poolside gatherings or enjoying a quiet summer evening under the stars, this home delivers the indoor-outdoor lifestyle Santa Barbara County is known for. Set just four blocks from downtown Los Alamos, with popular restaurants, wine tasting, and local favorites close by, this bright 3-bedroom, 2-bath home offers an open layout designed for both everyday living and effortless entertaining. The spacious kitchen features a breakfast bar, large pantry, and double ovens, flowing into generous living spaces with high ceilings and a cozy fireplace. Additional highlights include fresh exterior paint, owned solar, central air, a 2-car garage, and a fully fenced backyard with two sizable side yards. The HOA covers front landscaping service and includes access to a private community park, so you can spend less time on upkeep and more time enjoying the pool. With a pool and spa as the centerpiece of your outdoor space, summers here are simply something special.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 0.0 |
| Baths | 2.0 | 0.0 |
| Square foot | 1,991 | - |
| Lot Size | 8,712 | - |
| Price | $850.0K | $936.0K |
| Price per sq ft | $427 | $412 |
| Built year | 2005 | 0 |
| HOA | $250 | $0 |
| Days on market | 146 | 52 |
May 16, 2026
$850,000
$899,000
-5% Price Drop
Initial Listing
Apr 25, 2026
$899,000
$919,000
-2% Price Drop
Initial Listing
Feb 27, 2026
$919,000
Initial Listing
Jan 4, 2019
$590,000
Public Record
Sep 25, 2009
$307,000
Public Record
Sep 21, 2005
$550,000
Public Record