516 Alan Road, SANTA BARBARA, CA 93109, SANTA BARBARA, 93109 - 4 bed, 3 bath
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SANTA BARBARA, CA 93109
This Stunning Move-In Ready Home is a High-Potential Investment Opportunity, listed at $3,249,000—positioned well below the $3,406,534 Fair Market Value by 4%. This valuation gap offers $157,534 in Instant Equity for the buyer. Featuring a chef's kitchen, vaulted ceilings, and an Excellent Condition Rating, the property offers a turnkey lifestyle near Hendry's Beach. With its expansive lot and bluff views, this residence is an ideal acquisition for discerning homeowners or long-term investors seeking a premium Santa Barbara asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 516 Alan Road Subject | $3,249,000* List Price | 4 | 3 | 2,145 | $1,588 | - |
A 2416 Medcliff Road Sold | $3,050,000 | 4 | 3 | 1,720 | $1,773 | 0.9 mi |
B 2211 White Avenue Sold | $2,495,000 | 4 | 2 | 1,972 | $1,265 | 0.9 mi |
C 357 Oliver Road Sold | $2,370,000 | 3 | 2 | 1,319 | $1,797 | 0.9 mi |
D 2441 Borton Drive Active | $2,495,000 List Price | 4 | 3 | 1,736 | $1,437 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
The property has undergone a comprehensive recent renovation (within 5 years) as evidenced by the modern chef's kitchen with marble countertops and high-end appliances, updated bathrooms with contemporary fixtures and a freestanding tub, and upgraded home systems. Despite the 1956 build date, the home is in mint, move-in-ready condition with no visible maintenance needs.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 9583, living area = 2145.
Situated in the highly desirable Hidden Valley neighborhood, the property offers exceptional proximity to Hendry's Beach, Elings Park, and the Mesa's popular shopping and dining districts.
The home features a comprehensive high-end remodel including a chef's kitchen with marble countertops, vaulted ceilings, and upgraded home systems, offering a move-in ready luxury experience.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2145, other record living area = 1300.
The property utilizes a 2-car covered carport rather than a fully enclosed garage, which may be a drawback for buyers seeking maximum security or additional enclosed storage at this price point.
The significant jump from its 2024 sale price of $1.787M to the current $3.249M listing may lead to appraisal challenges or buyer hesitation regarding the rapid valuation increase.
A beautifully reimagined 4 BD / 3 BA single-story Hidden Valley ranch blends timeless California character with a recent renovations. Set on a 0.22± acre parcel with fruit trees, outdoor terraces, and bluff and forested views, the interior features vaulted ceilings, skylights, hardwood floors, and marble countertops. The chef's kitchen showcases all new appliances, and upgraded home systems abound. Ample parking includes a 2-car covered carport and a gated side driveway. Perfectly placed just minutes from Hendry's Beach, Elings Park, Douglas Family Preserve, Shoreline Park, Lazy Acres, and Mesa shops, with upper Santa Barbara and highway access easily reachable. Thoughtfully reimagined, impeccably finished, and ready to welcome you home.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 55% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 2,145 | 1,972 | 55% |
| Lot Size | 9,583 | 7,841 | 55% |
| Price | $3.25M | $2.90M | 61% |
| Price per sq ft | $1.5K | $1.6K | 33% |
| Built year | 1956 | 1958 | 36% |
| HOA | $0 | $0 | 50% |
| Days on market | 24 | 186 | 3% |
May 13, 2026
$3,249,000
Initial Listing
Nov 27, 2024
$1,787,000
Public Record