
SANTA BARBARA, CA 93108
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.
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.
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.
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.
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.
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.
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.
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.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 4.0 | 50% |
| Baths | 3.0 | 4.0 | 33% |
| Square foot | 1,715 | 3,601 | 20% |
| Lot Size | 44,431.199 | 40,293.1 | 74% |
| Price | $4.50M | $5.30M | 38% |
| Price per sq ft | $2.6K | $1.7K | 92% |
| Built year | 1959 | 1980 | 23% |
| HOA | $0 | $0 | 50% |
| Days on market | 419 | 239 | 81% |
Feb 1, 2026
$4,495,000
$5,000,000
-10% Price Drop
Initial Listing
Feb 27, 2025
$5,000,000
Initial Listing
May 11, 2023
$3,700,000
Public Record