4205 Mariposa Drive, SANTA BARBARA, CA 93110, SANTA BARBARA, 93110 - 5 bed, 4 bath
ACTIVE$7,250,000$3,738/sqft
Est. Value: $7,531,332
3%
BelowEstimate
4205 Mariposa Drive, SANTA BARBARA, CA 93110
5Beds
4Baths
3,738Sqft
146,797.203Lot
Price Vs. Estimate
The estimated value ($7,531,331.86) is $281,331.86 (3%) higher than the list price ($7,250,000). This property may be underpriced.
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 = 146797, living area = 3738.
Top Cons:
MLS Listing Discrepancy: Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =146797, other record lot size in square feet = 136342. Living area discrepancy between mls listing and other public or private record. mls listing living area = 3738, other record living area = 3262. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 5, other record bedroom count = 3.
Compared to the nearby listings
Price:$7.25M vs avg $2.05M (+$5,200,000)86%
Size:3,738 sqft vs avg 1,426 sqft86%
Price/sqft:$1.9K vs avg $85197%
More Insights
Built in 1951 (75 years old).
Condition: Built in 1951, this property exhibits dated interior finishes including worn carpet, terracotta-style flooring, and an older kitchen with white cabinetry. While functional, the home has not undergone a recent extensive renovation, as evidenced by the visible wear and the listing's mention of preliminary approvals for a future remodel. The exterior also shows signs of aging and weathering. It requires significant updates to meet modern standards, but is not in disrepair.
Year Built
1951
Close
-
List price
$7.25M
Original List price
-
Price/Sqft
$1,940
HOA
$3,463
Days on market
-
Sold On
-
MLS number
26-17
Home ConditionFair
Features
Good View:
Deck
Patio
View-
About this home
Nestled in Santa Barbara's exclusive Hope Ranch one of California's premier equestrian enclaves with a private beach access, 27 miles of bridle trails.This 1950 estate blends mid-century elegance with Californian charm. Set on a rare, level 3.37-acre lot, with peek ocean views amid rolling hills.Features: 3,738 sq ft, 5 beds, 4 baths, 3-car garage, a tree lined private driveway with endless potential for gardens or stables.The seller has preliminary approvals to remodel the home with a natural pool,tennis court,pool cabana, barn-style garage with guest house/gym/art studio.This head start should give you the opportunity to move forward with building sooner, while still giving you time to personalize plans before final approval. Don't miss this opportunity to create your dream estate home.
A
Andy Katsev
Listing Agent
Price History
Date
Event
Price
07/31/25
Sold
$6,100,000
Condition Rating
Fair
Built in 1951, this property exhibits dated interior finishes including worn carpet, terracotta-style flooring, and an older kitchen with white cabinetry. While functional, the home has not undergone a recent extensive renovation, as evidenced by the visible wear and the listing's mention of preliminary approvals for a future remodel. The exterior also shows signs of aging and weathering. It requires significant updates to meet modern standards, but is not in disrepair.
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 = 146797, living area = 3738.
Exclusive Hope Ranch Location: Situated in Santa Barbara's premier Hope Ranch, offering private beach access, 27 miles of bridle trails, and an elite equestrian lifestyle.
Extensive Development Potential with Pre-Approvals: Seller has secured preliminary approvals for significant enhancements including a natural pool, tennis court, pool cabana, and a barn-style garage with guest house, streamlining future development.
Rare, Expansive 3.37-Acre Level Lot: A highly desirable, level 3.37-acre parcel providing ample space for privacy, landscaping, and potential equestrian facilities or gardens.
Scenic Views & Privacy: Features desirable peek ocean views amidst rolling hills, complemented by a tree-lined private driveway ensuring tranquility and seclusion.
Mid-Century Architectural Charm: The 1950 estate offers a unique blend of mid-century elegance and Californian charm, providing a distinctive aesthetic foundation for a dream home.
Cons
MLS Listing Discrepancy: Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =146797, other record lot size in square feet = 136342. Living area discrepancy between mls listing and other public or private record. mls listing living area = 3738, other record living area = 3262. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 5, other record bedroom count = 3.
Recently Sold Property: The property was recently sold within the past year on 2025-07-31. The sold price is $6,100,000.00.
Significant Investment Required: The current list price of $7.25 million, coupled with the need for extensive remodeling and development (even with pre-approvals), represents a substantial financial commitment.
Age of Original Structure (1951): While possessing charm, the 1951-built home may require comprehensive updates to its core systems and finishes to meet modern luxury standards, despite the proposed remodel.
Ongoing Association Fees: The property is subject to an association fee of $3,463 (likely annual), adding to the recurring costs of ownership in this exclusive community.