625 Parra Grande Lane, SANTA BARBARA, CA 93108, SANTA BARBARA, 93108 - 4 bed, 3 bath

625 Parra Grande Lane
SANTA BARBARA, CA 93108
Property Price
SUMMARY
Analysis of 625 Parra Grande Lane, SANTA BARBARA, CA 93108 is currently available with a list price of $4,495,000. The property maintains a Tear down Condition Rating (10/100), reflecting significant deferred maintenance. This property is best suited for experienced investors or developers prepared for substantial renovation work. 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 Experienced Investors and Fix-and-Flip Specialists.
Condition Analysis
OVERALL CONDITION SCORE
Property is land value only, full reconstruction required.
Built in 1959, the existing 1,715 SF structure is described as a modest placeholder with no significant updates. The property is being marketed primarily for its land value and 'ready to issue' permits for a complete redevelopment into a 4,332 SF modern estate, indicating the current residence is intended for demolition.
PROSSTRENGTHS & OPPORTUNITIES
- High Available Lot Utilization
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 44431, living area = 1715.
- Development Ready
The property features fully approved plans and 'ready to issue' permits for a 4,332 SF main residence and 1,200 SF guest house, saving the buyer years of typical Montecito planning and entitlement delays.
- Elite Location & Privacy
Nestled at the end of a private lane just one mile from the Upper Village, this south-facing acre offers exceptional seclusion and is adjacent to a sprawling estate with views of old-growth Oak trees.
CONSRISKS & DEFICIENCIES
- Substantial Additional Investment
The $4.495M list price is primarily for the land and permits; the buyer must commit significant additional capital and time to execute the 4,332 SF construction project.
- Dated Existing Structure
The current 1959 residence is modest at 1,715 SF and lacks the modern amenities expected at this price point, serving essentially as a placeholder for the future development.
About 625 Parra Grande Lane
Rare opportunity in the center of Montecito! Nestled at the end of a private lane, this south facing property offers an exceptional blend of privacy & convenience, just a mile from the Upper Village. Quaint 3 bedroom main residence with GH on a full acre. Architects from Electric Bowery offer this opportunity for a single family residence with plans for a 4,332 SF residence. Featuring natural materials & thoughtful landscaping, as well as a 1,200sf guest house, pool, & outdoor gym structure. The property is directly adjacent to a sprawling, park-like estate providing direct views to a grove of old-growth Oak trees. The proposed main residence has 5 bedrooms, a generous 3-car garage, a great room with chef's kitchen, breakfast nook, and adjacent family room, along with a grand living room with soaring pitched ceilings. Each bedroom has an en-suite bathroom, while the primary suite features a large walk-in closet and spa-like bathroom with a shower that exits directly to lead to the outdoor gym and cold plunge. All living spaces open out to the pool deck and yard, for fluid, indoor-outdoor living. The project has been approved by all local jurisdictions and permits are "ready to issue" for an owner or contractor.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1959
- Lot Size
- 44,431.199 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 4.0 | 50% |
| Baths | 3.0 | 5.0 | 30% |
| Square foot | 1,715 | 3,681 | 21% |
| Lot Size | 44,431.199 | 43,560 | 71% |
| Price | $4.50M | $5.33M | 40% |
| Price per sq ft | $2.6K | $1.6K | 90% |
| Built year | 1959 | 1973 | 33% |
| HOA | $0 | $0 | 50% |
| Days on market | 373 | 239 | 74% |
Pricing History
Listed for Sale
Feb 1, 2026
$4,495,000
$5,000,000
-10% Price Drop
Initial Listing
Price Change
Feb 27, 2025
$5,000,000
Initial Listing
Sold
May 11, 2023
$3,700,000
Public Record






































