4400 Via Abrigada, Santa Barbara, CA 93110, Santa Barbara, 93110 - 4 bed, 6 bath
4400 Via Abrigada
Santa Barbara, CA 93110
Property Price
SUMMARY
Analysis of 4400 Via Abrigada, Santa Barbara, CA 93110 is currently available with a list price of $66,000,000. The property maintains a Tear down Condition Rating (10/100), reflecting significant deferred maintenance. This property is best suited for experienced investors or developers prepared for substantial renovation work. Located in a high-demand neighborhood within the Santa Barbara Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for Experienced Investors and Fix-and-Flip Specialists.
Condition Analysis
OVERALL CONDITION SCORE
Property is land value only, full reconstruction required.
The property was built in 1961, making it over 60 years old. The listing explicitly states it's a 'vast canvas for the creation of an unparalleled estate' and that the existing 7,500 sq ft home 'may require extensive renovation or demolition' to align with this vision. While the few interior photos show a well-maintained, clean space, the style (e.g., traditional chandeliers, ornate fireplace surrounds, classic furniture) is significantly dated and does not reflect modern luxury standards. Crucially, no images of the kitchen or bathrooms are provided, which are key indicators of condition and style. The property's value is clearly being marketed based on the land and its redevelopment potential, not the existing structure, aligning with the 'tear-down' criteria where the value is based solely on the land.
PROSSTRENGTHS & OPPORTUNITIES
- 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 = 483515, living area = 7265.
- Unrivaled Development Opportunity
Spanning 11.3 acres across 3 adjoining parcels, this property offers an extraordinary canvas for constructing a 20,000 sq ft main house and two 7,500 sq ft guest houses.
- Prestigious Hope Ranch Location
Nestled within Santa Barbara's esteemed Hope Ranch, providing an exclusive address with inherent value and desirability.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =483515, other record lot size in square feet = 287060.
- Ultra-High Price Point
The $66 million listing price targets an extremely niche market, potentially limiting buyer interest and extending market time.
- Substantial Additional Investment Required
The property is presented as a 'vast canvas' for development, implying significant further capital and time investment for construction beyond the purchase price.
About 4400 Via Abrigada
4400 Via Abrigada, a remarkable offering nestled within Santa Barbara's esteemed Hope Ranch. A first-time presentation on the market of 3 adjoining parcels spanning a total of 11.3 acres. This property provides a vast canvas for the creation of an unparalleled estate, allowing for 20,000 sq ft main house and two 7,500 sq ft guest houses. As you enter through a grand gated driveway, perched atop a flat surface, the property offers breathtaking city-to-ocean views. Currently gracing the land is a 7,500 sq ft single-level home, complete with a pool and pool house. The property is thoughtfully zoned for equestrian use, boasting bridle trails that meander through the lush landscape. Convenience meets luxury with private beach access. Located just minutes from Downtown Santa Barbara & Montecito.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1961
- Lot Size
- 483,515 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 6 (6 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 4.0 | 50% |
| Baths | 6.0 | 3.0 | 82% |
| Square foot | 7,265 | 1,996 | 92% |
| Lot Size | 483,515 | 7,405 | 97% |
| Price | $66.00M | $1.82M | 97% |
| Price per sq ft | $9.1K | $951 | 97% |
| Built year | 1961 | 1971 | 18% |
| HOA | $0 | $0 | 50% |
| Days on market | 418 | 192 | 74% |
Pricing History
Listed for Sale
Jan 13, 2025
$66,000,000
Initial Listing