450 Lambert Road, Carpinteria, CA 93013, Carpinteria, 93013 - 6 bed, 7 bath
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Carpinteria, CA 93013
This 21-acre estate represents a High-Potential Investment Opportunity with a List Price of $12,500,000—positioned well below the $13,133,101 Fair Market Value by 4%. This valuation gap offers $633,101 in Instant Equity. Featuring a Condition Rating of 5, the property requires a comprehensive renovation to modernize the 1983 structure. With panoramic ocean and mountain views, mature orchards, and significant development potential, this is a premier legacy asset ideal for Buy-and-Hold Investors or Owner-Occupants seeking a custom coastal compound.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 450 Lambert Road Subject | $12,500,000* List Price | 6 | 7 | 3,510 | $3,742 | - |
A 450 Lambert Road Active | $12,500,000 List Price | 6 | 7 | 3,510 | $3,561 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1983 (43 years old) with no recorded renovations. The interior is significantly dated with original wall-to-wall carpeting, 80s-style brickwork, and wood paneling. The listing's emphasis on 'proposed plans' for a 'modern masterpiece' confirms the current structure requires a total rehab to meet modern standards.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 941767, living area = 3510.
Spanning over 21 private acres, this rare land holding offers unparalleled privacy and panoramic ocean and mountain views in a highly sought-after coastal corridor near Montecito.
With proposed plans for a modern estate and existing infrastructure including a 6-car garage, barn, and ranch office, the property serves as a versatile canvas for a world-class legacy compound.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 3510, other record living area = 3377.
The original 1983 residence likely requires substantial renovation or a complete rebuild to align with contemporary luxury standards and the property's $12.5 million valuation.
Managing a 21-acre ranch with active orchards and multiple secondary structures necessitates significant ongoing maintenance, specialized labor, and high overhead costs.
Step into the California dream at Live Oaks Ranch where coastal charm meets rural calm across 21 private acres of panoramic views, rolling meadows & mature orchards. An extraordinary canvas for legacy living, a long oak-lined drive leads to the 3BD/3.5BA main residence w expansive decks capturing ocean & mountain vistas. The original ranch office, barn, and 6-car garage add versatility, while mature avocado trees and a long-standing Montecito Water District agreement provide opportunity. Whether building a modern masterpiece with the proposed plans or crafting your own vision, Live Oaks Ranch is a place to pause, breathe, and imagine what comes next, all while staying connected to the spirit of the CA coast just moments from Summerland, Carpinteria, & Montecito.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 6.0 | 4.0 | 89% |
| Baths | 7.0 | 2.0 | 94% |
| Square foot | 3,510 | 1,743 | 83% |
| Lot Size | 941,767 | 7,840.9 | 89% |
| Price | $12.50M | $1.72M | 94% |
| Price per sq ft | $3.6K | $1.4K | 94% |
| Built year | 1983 | 1965 | 67% |
| HOA | $0 | $0 | 50% |
| Days on market | 24 | 166 | 6% |
May 21, 2026
$12,500,000
Initial Listing
Mar 31, 2021
$9,250,000
Public Record