
Santa Barbara, CA 93108
This property presents a High-Potential Investment Opportunity with a List Price of $6,800,000—positioned well below the $6,687,071 Fair Market Value by -1.66%. While the home currently holds a Condition Rating of 5, requiring a full structural and systems overhaul, the expansive 1.05-acre lot in the prestigious 93108 zip code offers significant long-term appreciation potential. Featuring scenic mountain views, this asset is a blank canvas for those capable of managing a major renovation. This is a strategic acquisition ideal for Fix-and-Flip Investors or Luxury Developers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 605 San Ysidro Road Subject 4 bd · 4 ba · 3,405 sqft · $1,964 | $6,800,000* List Price | 4 | 4 | 3,405 | $1,964 | - |
A 601 San Ysidro Road Active 5 bd · 5 ba · 3,399 sqft · $2,029 · 0.1 mi | $6,895,000 List Price | 5 | 5 | 3,399 | $2,029 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1920, the property requires a full rehab. Interior images show significant damage or mid-renovation status with large holes in the ceilings and walls exposing electrical and structural elements, indicating the systems are not currently functional or safe.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 45738, living area = 3405.
Situated on the iconic San Ysidro Road in the 93108 zip code, this property offers an elite address synonymous with luxury, privacy, and high long-term appreciation.
The generous 1.05-acre lot (45,738 sqft) provides significant outdoor space and privacy, a rare and highly valuable asset in this sought-after coastal enclave.
Built in 1920, the century-old structure may require substantial capital investment to modernize electrical, plumbing, and HVAC systems to meet current building standards.
At a list price of $6.8 million for 3,405 square feet, the property commands a significant premium that may be challenging for buyers prioritizing interior living volume.
Exceptional opportunity in Santa Barbara. This spacious residence offers a versatile layout ideal for modern living. Situated on a quiet street in a highly desirable area.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.4 |
| Baths | 4.0 | 3.2 |
| Square foot | 3,405 | 2,768.185 |
| Lot Size | 45,738 | 20,827.852 |
| Price | $6.80M | $4.30M |
| Price per sq ft | $2.0K | $1.6K |
| Built year | 1920 | 1959 |
| HOA | $0 | $3.2K |
| Days on market | 29 | 89 |
Sep 25, 2026
$6,800,000
Initial Listing
Mar 3, 2025
$6,600,000
Public Record