5190 Kara Drive, SANTA BARBARA, CA 93111, SANTA BARBARA, 93111 - 3 bed, 2 bath
5190 Kara Drive
SANTA BARBARA, CA 93111
Property Price
SUMMARY
Analysis of 5190 Kara Drive, SANTA BARBARA, CA 93111 reveals a Fairly Priced Property with a current list price of $1,650,000 aligned with the estimated $1,650,000 Fair Market Value. This represents a stable investment opportunity at market rate. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. Located in a high-demand neighborhood within the SANTA BARBARA Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5190 Kara Drive Subject | $1,650,000* List Price | 3 | 2 | 2,479 | $666 | - |
A 5224 San Simeon Drive Sold | $1,583,500 | 5 | 3 | 2,393 | $662 | 0.8 mi |
B 921 N San Marcos Road Sold | $1,900,000 | 3 | 3 | 2,237 | $849 | 0.5 mi |
C 779 Dos Hermanos Road Sold | $1,650,000 | 3 | 3 | 1,932 | $854 | 0.4 mi |
D 5325 Orchard Park Lane Sold | $1,500,000 | 3 | 2 | 1,832 | $819 | 0.6 mi |
E 5047 Walnut Park Drive Sold | $1,775,000 | 4 | 4 | 2,394 | $741 | 0.4 mi |
F 5308 University Drive Pending | $1,795,000 List Price | 3 | 3 | 2,118 | $847 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is move-in ready.
Although built in 1985, this one-owner home is in move-in ready condition with tasteful updates throughout. The kitchen features modern stainless steel appliances and stone countertops, while the bathrooms have been updated with contemporary tiling and glass enclosures. The high-volume ceilings and open floor plan maintain a modern feel. It avoids a 'fair' rating due to the high level of maintenance and quality of the updates, but does not reach 'excellent' as it is not a brand-new construction or a total top-to-bottom renovation within the last 5 years.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Cul-de-Sac Location
Situated at the end of a quiet cul-de-sac in Cathedral Oaks Estates, this property offers exceptional privacy and a low-density living environment with only 13 homes spread across 14 acres.
- Modern Architectural Appeal
The home features a contemporary aesthetic with high-volume ceilings and a light-filled open floor plan, including a functional permitted office addition within the primary suite.
- Extensive Community Amenities
The HOA provides a robust lifestyle package including a pool, tennis courts, spa, and clubhouse, while also covering homeowners insurance for added convenience.
CONSRISKS & DEFICIENCIES
- High Association Fees
The monthly HOA dues of $1,850 are substantial and may be a deterrent for buyers sensitive to high recurring non-mortgage carrying costs.
- Pricing Volatility
The property has seen multiple significant price reductions from its original $1.89M list price, which may signal initial overpricing or extended days on market to savvy investors.
About 5190 Kara Drive
Located in Cathedral Oaks Estates, at the end of a lovely cul-de-sac, is this move-in ready single family home. Beautiful light-filled, open floor plan with high volume ceilings, lends to a contemporary style with clean lines and a focus on functionality. A one-owner home, it has been tastefully updated throughout the years, including a permitted addition. Featuring 3 bedrooms, on of which is a primary suite with a large bathroom, walk-in closet and office addition. The living room features a handsome slate and wood fireplace and double doors that extend out to a covered patio. And there's an attached 2-car garage with laundry area. This home is located in a HOA with only 13 homes on 14 acres. The HOA dues includes homeowners ins., pool, tennis courts, club house, spa, open common spaces
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1985
- Lot Size
- -
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $1850 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 4.0 | 42% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 2,479 | 1,926 | 76% |
| Lot Size | - | 8,929.5 | 13% |
| Price | $1.65M | $1.66M | 50% |
| Price per sq ft | $666 | $878 | 19% |
| Built year | 1985 | 1965 | 76% |
| HOA | $1850 | $0 | 99% |
| Days on market | 178 | 188 | 47% |
Pricing History
Listed for Sale
Feb 22, 2026
$1,650,000
$1,795,000
-8% Price Drop
Initial Listing
Price Change
Jan 19, 2026
$1,795,000
$1,890,000
-5% Price Drop
Initial Listing
Price Change
Sep 10, 2025
$1,890,000
Initial Listing