5445 Tree Farm Lane, Santa Barbara, CA 93111, Santa Barbara, 93111 - 3 bed, 3 bath
Loading property details...
5445 Tree Farm Lane
Santa Barbara, CA 93111
ACTIVE
CONDITION: EXCELLENT
3Beds
3Baths
2,224Sq Ft
2,178Lot Size
Property Price
LIST PRICE$2,338,000
EST. MARKET VALUE
$2,198,457
6% AboveMARKET VALUE
SUMMARY
This Modern Spanish Residence is a Strong Value Opportunity, listed at $2,488,000—positioned well above the $2,293,714 Fair Market Value by 8%. While priced at a premium, the property maintains an Excellent Condition Rating (2018 build) and features a highly functional floor plan with a rare main-level bedroom. Residents enjoy resort-caliber amenities and scenic mountain views within the prestigious Tree Farm community. This turnkey home is an ideal acquisition for discerning professionals or owner-occupants seeking a sophisticated, low-maintenance lifestyle in Santa Barbara.
Estimated Market Value
$2,198,457
Based on Realkey algorithm analyzing recent comparable sales in Santa Barbara.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5445 Tree Farm Lane Subject | $2,338,000* List Price | 3 | 3 | 2,224 | $989 | - |
A 5427 Tree Farm Lane Sold | $1,975,000 | 3 | 3 | 2,031 | $972 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Excellent
TeardownExcellent
Property is new construction or fully renovated.
Built in 2018, this property is only 8 years old, meeting the under 10-year criteria for excellent condition. The home features a modern chef's kitchen with high-end stainless steel appliances, contemporary finishes, and recessed lighting throughout, indicating mint condition with no maintenance required.
PROSSTRENGTHS & OPPORTUNITIES
- Modern Construction & Design
Built in 2018, this detached Spanish-style residence features contemporary finishes, soaring ceilings, and a chef's kitchen, offering the benefits of modern energy efficiency and aesthetics.
- Versatile Floor Plan
The highly sought-after layout includes a rare main-level bedroom and full bath, providing excellent flexibility for a home office, guest suite, or multi-generational living.
- Premium Community Amenities
Located in the desirable Tree Farm community, the property offers resort-caliber amenities and mountain views with a remarkably low HOA fee of $384 per month.
CONSRISKS & DEFICIENCIES
- Limited Lot Size
With a lot size of 2,178 square feet for a 2,224 square foot home, the outdoor yard space is quite compact, which may not appeal to buyers seeking significant private acreage.
- Condominium Classification
Despite being a detached residence, the property is classified as a condominium, which can sometimes result in different financing requirements compared to traditional single-family homes.
About 5445 Tree Farm Lane
NOW at a GREATLY REDUCED PRICE : Some properties have it all: 5445 Tree Farm Lane is one of them! A detached modern Spanish residence, it sits on the historic grounds of the Cavaletto Family groves; the origin of Tree Farm's name, character, and sense of place. The floor plan is among the neighborhood's most sought-after: 3 bedrooms, 3 bathrooms across two well-appointed levels. Soaring ceilings anchor the open great room; the chef's kitchen leads to a private patio with fireplace and fenced yard ideal for quiet evenings or easy entertaining. A main-level bedroom and full bath serve as a guest suite or home office. Upstairs, two additional bedrooms and a dedicated laundry room offer comfort and privacy. Purposeful upgrades throughout reflect a home designed, maintained, and cherished by its original owners.Tree Farm is one of Santa Barbara's newest and most desirable communities beautifully landscaped, resort-caliber amenities, and surprisingly low HOA fees!
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 2018
- Lot Size
- 2,178 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $384 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 2.0 |
| Baths | 3.0 | 2.0 |
| Square foot | 2,224 | 1,132.5 |
| Lot Size | 2,178 | 1,012 |
| Price | $2.34M | $1.28M |
| Price per sq ft | $1.1K | $1.2K |
| Built year | 2018 | 1986 |
| HOA | $384 | $734 |
| Days on market | 82 | 34 |
Pricing History
Listed for Sale
Sep 2, 2026
$2,338,000
$2,388,000
-2% Price Drop
Initial Listing
Price Change
Jul 31, 2026
$2,388,000
$2,488,000
-4% Price Drop
Initial Listing
Price Change
Jun 19, 2026
$2,488,000
Initial Listing
Sold
Oct 18, 2018
$1,375,500
Public Record