
Santa Barbara, CA 93103
This 1916 Craftsman represents a High-Potential Investment Opportunity, listed at $2,979,000—positioned well above the $2,836,087 Fair Market Value. While the property requires modernization, its Fair Condition Rating is offset by a large 11,326 sqft lot and a versatile detached cottage. Featuring panoramic Pacific Ocean views and historic architectural integrity, the home offers significant upside for those willing to renovate. This asset is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a customizable Lower Riviera sanctuary with long-term appreciation potential.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 645 E Micheltorena Street Subject 3 bd · 4 ba · 2,179 sqft · $1,301 | $2,979,000* List Price | 3 | 4 | 2,179 | $1,301 | - |
A 1720 Mission Ridge Road Sold 3 bd · 3 ba · 2,202 sqft · $1,360 · 0.5 mi | $2,995,000 | 3 | 3 | 2,202 | $1,360 | 0.5 mi |
B 395 Loma Media Road Active 3 bd · 2 ba · 1,946 sqft · $1,539 · 0.9 mi | $2,995,000 List Price | 3 | 2 | 1,946 | $1,539 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1916, this property is a well-preserved but dated Craftsman. The kitchen features vintage tile and cabinetry that appear to be 30+ years old, and the overall interior maintains original finishes that, while charming, require modernization of systems and aesthetics to meet current standards.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 11326, living area = 2179.
Situated in the highly coveted Lower Riviera, the property offers iconic vistas of the Pacific Ocean, Channel Islands, and city lights, providing a quintessential Santa Barbara living experience.
This 1916 Craftsman home features exceptional vintage details, including original wainscoting, custom built-ins, and historic sandstone stonework that preserve its timeless architectural integrity.
Built in 1916, the property may require substantial investment to modernize aging systems, such as plumbing, electrical, and climate control, to meet current building standards.
The home is marketed as a 'canvas' to be tailored for modern living, suggesting that the premium list price does not account for the additional capital needed for contemporary interior updates.
Perched on Santa Barbara's coveted Lower Riviera, this +/-2,179-square-foot Craftsman residence effortlessly blends vintage character with timeless, reliable craftsmanship with vistas of the Pacific Ocean, city lights, and the Channel Islands. The moment you cross the threshold, the home wraps around you with an undeniable sense of warmth and security; it is the kind of sanctuary that truly feels like an embrace. The exterior showcases enduring concrete shake siding, historic sandstone steps, and extensive stonework that anchors the structure gracefully into the grounds. Inside, classic details like wainscoting and custom built-in bookshelves in the living spaces evoke an authentic, lived-in charm, offering the perfect canvas to honor its original spirit while tailoring it to modern living.The home features three bedrooms and two and a half bathrooms. Adding incredible versatility to the property, a separate detached cottage offers an ideal opportunity for a private guest suite, creative studio, or quiet home office. Combining beautiful views, charming architecture, and a deeply comforting feel, this is truly a treasure on The American Riviera!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.4 |
| Baths | 4.0 | 3.2 |
| Square foot | 2,179 | 2,768.185 |
| Lot Size | 11,326 | 20,827.852 |
| Price | $2.98M | $4.30M |
| Price per sq ft | $1.4K | $1.6K |
| Built year | 1916 | 1959 |
| HOA | $0 | $3.2K |
| Days on market | 45 | 89 |
Sep 9, 2026
$2,979,000
Initial Listing