4295 Marina Drive, SANTA BARBARA, CA 93110, SANTA BARBARA, 93110 - 5 bed, 4 bath
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SANTA BARBARA, CA 93110
This Legacy Coastal Estate is a Strong Value Opportunity, listed at $18,950,000—positioned well below the $20,347,340 Fair Market Value by 6%. This valuation gap offers $1,397,340 in Instant Equity for a turnkey asset. Boasting a Modern Luxury Condition Rating, the 3.3-acre compound features rare private beach access, unobstructed ocean views, and a tennis court. While the interior square footage is modest, the expansive lot and high-end renovations ensure long-term appreciation. This is a premier acquisition for High-Net-Worth Owner-Occupants or Luxury Asset Investors seeking a generational Santa Barbara sanctuary.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 4295 Marina Drive Subject | $18,950,000* List Price | 5 | 4 | 3,380 | $6,020 | - |
A 4295 Marina Drive Active | $19,995,000 List Price | 5 | 6 | 3,380 | $5,916 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
While originally built in 1953, this Spanish adobe estate has been extensively renovated to meet modern luxury standards. The kitchen is fully updated with high-end stainless steel appliances, professional-grade range, and custom cabinetry. The interior features premium finishes, including large bi-fold doors for indoor-outdoor living, updated flooring, and designer light fixtures. Exterior components, such as the newly constructed private beach stairs and the well-maintained pool and tennis court, indicate a high level of recent capital investment and no deferred maintenance.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 143748, living area = 3380.
The property features rare, deeded private beach access via newly constructed stairs, offering a direct and exclusive path from the bluff to the sand—a highly coveted and unique asset on the California coast.
Set on a sprawling 3.3-acre parcel, the estate offers unparalleled privacy and a versatile layout including a main house, guest casita, pool house, and a dedicated home office.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =143748, other record lot size in square feet = 144183. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 5, other record bedroom count = 4.
Built in 1953, the classic Spanish adobe structure may require ongoing maintenance or significant infrastructure updates to meet the expectations of modern luxury buyers.
At 3,380 square feet, the interior living space is relatively modest for a property at this price point, which may be a drawback for buyers seeking a more grand primary residence.
Privately set on a sprawling 3.3-acre parcel against the backdrop of the Pacific Ocean lies 4295 Marina Drive -- a legacy estate that exudes the style, charm, and understated elegance that define Santa Barbara coastal living. Featuring rare, deeded private beach access via newly constructed beach stairs, this Hope Ranch property delivers something almost impossible to find on the California coast: your own direct path from the bluff to the sand. Unrivaled, unobstructed ocean views complete a setting that is as exclusive as it is breathtaking. A classic single-level Spanish adobe, the main house is the definition of quiet luxury -- comprising 3 bedrooms, 3 bathrooms, an updated kitchen, and bi-fold doors that create seamless indoor/outdoor flow. The spacious primary suite is oriented toward the sea, framing staggering views of the Channel Islands. The compound is further distinguished by a charming two-bedroom guest casita and an inviting one-bedroom pool house and game room, ensuring abundant space for entertaining family and friends. Above the oversized two-car garage, a dedicated home office captures the same stunning vistas, offering an inspiring environment for focused work. Exceptional amenities abound, including a sparkling pool and spa, a tennis/sports court, a delightful chicken coop, flourishing fruit trees, and thoughtfully designed gardens that create a true outdoor oasis. Soaring hedges on every side preserve the ultimate in privacy, appealing to the most discerning of buyers. Situated in the esteemed Hope Ranch community, this residence grants privileged access to Santa Barbara's finest offerings -- including the exclusive Hope Ranch beach, a scenic network of walking and equestrian trails, and the vibrant heart of the city just moments away. But it is the property's own deeded private beach access, newly reimagined with custom-built stairs descending directly to the shore, that sets 4295 Marina Drive apart. Iconic and timeless, this is a rare opportunity to own a cherished piece of the California coastline -- an estate for the generations.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 4.0 | 60% |
| Baths | 4.0 | 3.0 | 58% |
| Square foot | 3,380 | 2,615 | 63% |
| Lot Size | 143,748 | 12,632 | 93% |
| Price | $18.95M | $2.23M | 98% |
| Price per sq ft | $5.6K | $1.1K | 98% |
| Built year | 1953 | 1967 | 9% |
| HOA | $3844 | $100 | 95% |
| Days on market | 15 | 180 | 2% |
Apr 7, 2026
$18,950,000
Initial Listing