487 Hot Springs Road, SANTA BARBARA, CA 93108, SANTA BARBARA, 93108 - 7 bed, 7 bath
ACTIVE$9,995,000$4,211/sqft
Est. Value: $9,516,665
-4%
AboveEstimate
487 Hot Springs Road, SANTA BARBARA, CA 93108
7Beds
7Baths
4,211Sqft
43,560Lot
Price Vs. Estimate
The estimated value ($9,516,665.38) is $478,334.62 (4%) lower than the list price ($9,995,000). This property may be overpriced.
Key pros and cons
Top Pros:
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 = 43560, living area = 4211.
Top Cons:
MLS Listing Discrepancy: Living area discrepancy between mls listing and other public or private record. mls listing living area = 4211, other record living area = 1984. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 7, other record bedroom count = 4.
Compared to the nearby listings
Price:$9.99M vs avg $6.00M (+$3,995,000)79%
Size:4,211 sqft vs avg 2,835 sqft68%
Price/sqft:$2.4K vs avg $1.4K89%
More Insights
Built in 1953 (73 years old).
Condition: Despite being built in 1953, this property has undergone an extensive, high-quality, and very recent renovation, evident in both the main residence and the guest house. The kitchens feature professional-grade Viking and True® appliances, new shaker cabinetry, pristine quartz countertops, and modern lighting. Bathrooms are fully updated with stylish vanities, contemporary brass/gold fixtures, glass-enclosed showers with subway tiling, and chic patterned or checkered flooring. All visible components, including light-colored hardwood floors and recessed lighting throughout, appear new or virtually new, meeting current design trends and quality standards with no deferred maintenance.
Year Built
1953
Close
-
List price
$9.99M
Original List price
-
Price/Sqft
$2,374
HOA
$0
Days on market
-
Sold On
-
MLS number
25-2222
Home ConditionExcellent
Features
Deck
Patio
View-
About this home
Located within Montecito's ''Golden Quadrangle'' and Montecito Union School District, this property presents a unique opportunity: two detached residences on a flat usable acre. This configuration offers flexibility for multi-generational living or potential rental income, with separate street entrances and private gate entries. The main residence features updated finishes, including a kitchen equipped with professional-grade Viking appliances and a built-in True® Refrigeration. Its gated entrance is located on a private cul-de-sac lane. The second, completely separated guest house, provides an independent living space, ideal for guests, extended family, or as a source of rental income, with its own private gate access, electric meter, EV charger, and guest studio.
B
Brian Delshad
Listing Agent
Price History
Date
Event
Price
12/13/22
Sold
$3,075,000
Condition Rating
Excellent
Despite being built in 1953, this property has undergone an extensive, high-quality, and very recent renovation, evident in both the main residence and the guest house. The kitchens feature professional-grade Viking and True® appliances, new shaker cabinetry, pristine quartz countertops, and modern lighting. Bathrooms are fully updated with stylish vanities, contemporary brass/gold fixtures, glass-enclosed showers with subway tiling, and chic patterned or checkered flooring. All visible components, including light-colored hardwood floors and recessed lighting throughout, appear new or virtually new, meeting current design trends and quality standards with no deferred maintenance.
Pros & Cons
Pros
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 = 43560, living area = 4211.
Prime Location & School District: Located within Montecito's highly desirable 'Golden Quadrangle' and the prestigious Montecito Union School District, offering significant prestige and educational advantages.
Dual Detached Residences: Features two completely detached residences on a single parcel, providing exceptional flexibility and privacy.
Versatile Living & Income Potential: The configuration is ideal for multi-generational living, guest accommodations, or generating substantial rental income, enhanced by separate street entrances, private gate entries, and individual utility meters.
Updated Main Residence with High-End Appliances: The main residence boasts updated finishes and a kitchen equipped with professional-grade Viking appliances and built-in True® Refrigeration.
Flat Usable Acreage: Sits on a flat, usable acre, providing ample space for outdoor activities, potential expansion, or further landscaping.
Cons
MLS Listing Discrepancy: Living area discrepancy between mls listing and other public or private record. mls listing living area = 4211, other record living area = 1984. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 7, other record bedroom count = 4.
Property Age: Built in 1953, the property's core structure is over 70 years old, which may imply potential for unseen maintenance or infrastructure updates beyond the described cosmetic renovations.
High Price Point: The nearly $10 million list price targets a very exclusive and niche market, potentially limiting the pool of prospective buyers and extending the time on market.
Limited Specific Luxury Amenities: While updated, the description does not detail specific high-end amenities often expected in this price range, such as a swimming pool, advanced smart home systems, or elaborate landscaping.