
SANTA BARBARA, CA 93103
This Coastal Condominium represents a Strong Value Opportunity, listed at $1,595,000—positioned above the $1,486,542 Fair Market Value. While the price reflects a premium, the property offers a Condition Rating of 4, providing a move-in ready residence with Resort-Style Amenities including a pool, spa, and tennis courts. The top-floor, south-facing orientation ensures privacy and natural light, making it a premier Lock-and-Leave Retreat. This property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a sophisticated lifestyle steps from East Beach.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 462 Por La Mar Circle Subject | $1,595,000* List Price | 2 | 2 | 1,048 | $1,418 | - |
A 401 Por La Mar Circle Sold | $1,800,000 | 2 | 2 | 1,372 | $1,312 | 0.0 mi |
B 115 Por La Mar Circle Sold | $1,850,000 | 2 | 2 | 1,372 | $1,348 | 0.1 mi |
C 118 Por La Mar Circle Active | $1,549,000 List Price | 2 | 2 | 1,048 | $1,478 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1991 (33 years old), the property falls into the >20y category. While the kitchen has been partially refreshed with stainless steel appliances and stone countertops, the cabinetry and glass block architectural details are dated. The interior finishes like the carpeting and fireplace surround suggest a 15-30 year renovation cycle, making it move-in ready but in need of modern cosmetic updates.
Situated in the prestigious El Escorial Villas directly across from East Beach, offering immediate access to the sand, Montecito, and the vibrant Santa Barbara waterfront lifestyle.
This top-floor, south-facing corner unit maximizes natural light and coastal breezes while providing enhanced privacy with no neighbors living above.
The gated community offers a comprehensive amenity package including 24-hour security, a pool, spa, tennis and pickleball courts, and a fitness center.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =871, other record lot size in square feet = 1012.
The monthly association fee of $967 is relatively high, which may impact the overall affordability and investment yield for some buyers.
At 1,048 square feet, the living space is somewhat compact for a two-bedroom residence, potentially limiting its appeal for those requiring more spacious indoor areas.
Welcome to the front row of the American Riviera at the prestigious El Escorial Villas at East Beach. This beautifully positioned top-floor, south-facing corner Biltmore floor plan offers 2 bedrooms, 2 bathrooms, and an abundance of natural light with peaceful coastal breezes, picturesque sunsets, and resort-style living just steps from the sand. Designed for both comfort and sophistication, with an open floor plan, this desirable residence features a seamless indoor-outdoor feel. The sought-after Biltmore floor plan provides ideal separation of bedrooms, creating privacy and functionality for full-time living or a luxurious lock-and-leave retreat. Other features include stackable washer/dryer, 2 parking spaces and extra storage. Unit can be sold furnished. El Escorial Villas is one of Santa Barbara's premier gated beachfront communities, offering unmatched amenities including a sparkling pool and spa, tennis and pickleball courts, fully equipped fitness center with locker room, clubhouse, barbecue areas, lush greenbelt walking paths, dog park, and 24-hour gated security. Perfectly located across from East Beach and moments from Montecito, the Santa Barbara Harbor, Funk Zone, the zoo, fine dining, shopping, and the vibrant waterfront lifestyle. This truly is coastal resort living at its finest.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 0.0 |
| Baths | 2.0 | 0.0 |
| Square foot | 1,048 | - |
| Lot Size | 871 | - |
| Price | $1.59M | $1.24M |
| Price per sq ft | $1.5K | $968 |
| Built year | 1991 | 0 |
| HOA | $967 | $0 |
| Days on market | 45 | 45 |
Jun 8, 2026
$1,595,000
Initial Listing
Aug 18, 1999
$480,000
Public Record