535 Arroyo Avenue, SANTA BARBARA, CA 93109, SANTA BARBARA, 93109 - 2 bed, 1 bath
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SANTA BARBARA, CA 93109
This Turnkey Coastal Cottage represents a Strong Value Opportunity, listed at $1,895,000—positioned well below the $1,994,798 Fair Market Value by 5%. This valuation gap provides $99,798 in Instant Equity. Featuring a Mint Condition Rating, the home offers a renovated open floor plan, a large deck with ocean peeks, and a sprawling 13,503 sqft lot. Its prime Mesa location near the Honda Valley Trail ensures lasting appeal. This property is an ideal acquisition for Owner-Occupants or lifestyle-focused buyers seeking a move-in ready retreat.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 535 Arroyo Avenue Subject | $1,895,000* List Price | 2 | 1 | 930 | $2,145 | - |
A 246 San Julian Avenue Sold | $2,300,000 | 3 | 1 | 1,035 | $2,222 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although built in 1947, the property has been recently renovated and is in mint condition. The interior features a modern open floor plan, updated flooring, recessed lighting, and a high-end remodeled bathroom with contemporary fixtures and finishes, meeting the criteria for a renovation under 5 years old.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 13503, living area = 930.
Situated in the highly sought-after Mesa neighborhood, this property offers an ideal coastal lifestyle with close proximity to beaches, dining, and direct access to the Honda Valley Trail.
The nearly 1/3-acre parcel provides a rare, park-like retreat with a creek and significant outdoor space, offering exceptional privacy and room for potential expansion in a high-demand area.
At just 930 square feet with only one bathroom, the home's small footprint and high price-per-square-foot may be a deterrent for buyers needing more functional living space.
The backyard's steep descent toward the creek, while scenic, creates maintenance complexities and limits the amount of easily accessible, flat usable land for traditional recreation.
Enjoy a large parcel of peaceful nature on the Mesa-a true retreat where you can take in ocean peeks from the charming cottage & explore your own park-like backyard that winds down to a creek. This recently renovated home sits on almost 1/3 of an acre - just minutes to the beach, restaurants & shopping. The open floor plan flows to an inviting deck with peeks of the ocean & treetop views, along with 2 bedrooms & 1 beautifully remodeled bathroom filled with natural light. Stairs wind down through the woodsy backyard to a large lower yard, completely surrounded by nature & loaded with potential. The expansive grounds feature multiple outdoor spaces to enjoy Santa Barbara's ideal climate. With easy access to the Honda Valley Trail, this property blends privacy, natural beauty & coastal living
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 18% |
| Baths | 1.0 | 3.0 | 15% |
| Square foot | 930 | 1,734 | 9% |
| Lot Size | 13,503 | 7,841 | 70% |
| Price | $1.90M | $2.69M | 9% |
| Price per sq ft | $2.0K | $1.7K | 79% |
| Built year | 1947 | 1958 | 9% |
| HOA | $0 | $0 | 50% |
| Days on market | 38 | 186 | 3% |
May 20, 2026
$1,895,000
$1,965,000
-4% Price Drop
Initial Listing
Apr 29, 2026
$1,965,000
Initial Listing
May 7, 2024
$1,751,000
Public Record
Mar 26, 2015
$805,000
Public Record
Nov 2, 2012
$645,000
Public Record
Nov 13, 2003
$715,000
Public Record