4548 Camino Molinero, SANTA BARBARA, CA 93110, SANTA BARBARA, 93110 - 4 bed, 4 bath
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SANTA BARBARA, CA 93110
This Spacious Single-Level Sanctuary is a Strong Value Opportunity, listed at $3,000,000—positioned well below the $3,217,091 Fair Market Value by 6%. This valuation gap provides $217,091 in Instant Equity. Boasting a Condition Rating of 3, the home features a functional layout and private patio on an expansive 0.65-acre lot near Mountain View Elementary. With significant ADU potential and recent cosmetic updates, it balances immediate lifestyle with equity-building upside. This is an ideal acquisition for Owner-Occupants or Buy-and-Hold Investors.
Property is move-in ready.
The property is in move-in ready condition with clear evidence of recent cosmetic updates. It features newer wide-plank light wood flooring throughout, fresh neutral paint, and updated contemporary light fixtures. While the kitchen cabinetry and the large stone fireplace reflect the home's 1991 construction style, they have been well-maintained or refreshed to remain functional and attractive. The single-level layout and well-manicured grounds indicate a high level of pride of ownership and minimal deferred maintenance.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 28314, living area = 2949.
The nearly 3,000 sq. ft. single-level floor plan features four bedrooms, including three with en suite baths, offering exceptional flow and accessibility for multi-generational living or hosting.
Situated on over 0.65 acres, the property provides ample space for a pool, professional landscaping, or an ADU, offering significant opportunities to increase equity and utility.
Built in 1991, the interior may require cosmetic updates or modern renovations to meet the expectations of today's luxury buyers at the $3 million price point.
The large 28,314 sq. ft. lot requires substantial ongoing maintenance and water costs to preserve the lush, private environment described as a sanctuary.
Soak up the serenity in your own private sanctuary. Nestled into the peaceful enclave of Rancho San Antonio, this special property offers the perfect blend of privacy and convenience - just moments from all things Santa Barbara. Inside, generous room sizes create a sense of comfort and ease. Four bedrooms (three with en suite baths) offer flexibility for living, hosting or working from home, while the spacious living room invites the outdoors in. The single-level layout flows effortlessly for both daily living and entertaining. Outside, there's space to dream - create a garden, possibly add a pool or ADU, or simply unwind while the kids play after a day at Mountain View Elementary School. How will you enjoy your special place in Santa Barbara?Welcome home to your oasis.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 4.0 | 50% |
| Baths | 4.0 | 3.0 | 58% |
| Square foot | 2,949 | 2,615 | 63% |
| Lot Size | 28,314 | 12,632 | 63% |
| Price | $3.00M | $2.23M | 53% |
| Price per sq ft | $1.0K | $1.0K | 47% |
| Built year | 1991 | 1967 | 95% |
| HOA | $0 | $0 | 50% |
| Days on market | 8 | 180 | 2% |
Apr 14, 2026
$3,000,000
Initial Listing
Sep 26, 1996
$595,000
Public Record
Jul 27, 1994
$50,000
Public Record