549 HOT SPRINGS Road, Santa Barbara, CA 93108, Santa Barbara, 93108 - 7 bed, 7 bath
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Santa Barbara, CA 93108
This Turnkey Andalusian Estate represents a Strong Value Opportunity, listed at $12,500,000—positioned well below the $12,682,494 Fair Market Value by 1.4%. This valuation gap offers $182,494 in Instant Equity. Featuring a 3-bedroom main residence, guest cottage, and two detached studios, the property boasts a Condition Rating of 3 with modern HVAC and high-end finishes. With a 1-acre lot and stunning mountain views, this compound is an ideal sanctuary for Luxury Homeowners or Multi-Generational Families seeking privacy in the prestigious Golden Quadrangle.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 549 HOT SPRINGS Road Subject | $11,750,000* List Price | 7 | 7 | 4,975 | $2,482 | - |
A 633 Parra Grande Lane Sold | $14,500,000 | 7 | 7 | 5,498 | $2,637 | 0.2 mi |
B 487 Hot Springs Road Active | $9,995,000 List Price | 7 | 7 | 4,211 | $2,374 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Although built in 1925, the property has clearly undergone high-end renovations (likely within the 5-15 year range) that integrated modern HVAC and recessed lighting. The bathrooms feature well-maintained period-style tiling and cabinetry, and the overall structure appears in move-in ready condition with no visible deferred maintenance.
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 = 4975.
Situated in the prestigious 'Golden Quadrangle,' this property offers unparalleled exclusivity and long-term value in one of Santa Barbara's most coveted neighborhoods.
The one-acre estate includes a main residence, a guest cottage, and two detached studios, providing exceptional flexibility for multi-generational living, guest hosting, or dedicated creative workspaces.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 4975, other record living area = 2947. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 7, other record bedroom count = 3.
Given its 1925 construction, the property may require significant upkeep or modernization of older systems to meet contemporary luxury standards.
At a $12.5 million valuation for approximately 4,975 square feet, the property represents a premium investment that may be sensitive to market fluctuations in the high-end sector.
Romantic. Playful. Effortless. Inspired by the simplicity of a 1920s Andalusian hacienda, this single-level Golden Quadrangle compound recalls an earlier Montecito, where days unfold outdoors by the pool & life gathers around gardens, tables & courtyards. Beyond carved wooden doors, a secluded acre becomes a private village: morning coffee in the sun, afternoons on the lawn & shaded patios, evenings of long dinners, board games, & conversation under the trees. The 3BD/3.5BA main residence opens to the gardens, while a 2BD guest cottage & two detached studios offer privacy for guests, work, or creativity. Stay a little longer -- there's an open door policy!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 7.0 | 4.0 | 96% |
| Baths | 7.0 | 5.0 | 85% |
| Square foot | 4,975 | 3,784 | 85% |
| Lot Size | 43,560 | 40,946.398 | 55% |
| Price | $11.75M | $5.30M | 87% |
| Price per sq ft | $2.4K | $1.7K | 81% |
| Built year | 1925 | 1982 | 6% |
| HOA | $0 | $0 | 50% |
| Days on market | 16 | 221 | 2% |
May 27, 2026
$11,750,000
$12,500,000
-6% Price Drop
Initial Listing
May 21, 2026
$12,500,000
Initial Listing