
Santa Barbara, CA 93108
Analysis of 663 Lilac Drive, Santa Barbara, CA 93108 is currently available with a list price of $10,500,000. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. 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 both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Property is new construction or fully renovated.
Although built in 1940, the property has been recently and thoughtfully refreshed with high-end finishes, new kitchen appliances, and polished wood floors. The interior and exterior are in mint condition with a 'renewed sense of polish,' indicating a comprehensive renovation within the last 5 years that preserves architectural character while providing modern functionality.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 88862, living area = 4388.
Situated on over 2 acres in prestigious Montecito, the property offers exceptional privacy with a gated drive, lush botanical gardens, and multiple auxiliary structures including a guest cottage and studio.
The estate maximizes its prime location with stunning ocean and mountain views, complemented by a crescent-shaped pool, spa, and a covered dining pergola designed for high-end entertaining.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 5, other record bedroom count = 3.
Originally built in 1940, the property may require ongoing attention to older systems or structural elements typical of heritage estates, despite recent cosmetic updates.
The extensive 2-acre grounds, exotic plantings, and nine bathrooms necessitate significant ongoing maintenance costs and management to preserve the estate's pristine condition.
Thoughtfully refreshed and beautifully renewed, this Cape Cod-inspired Montecito estate offers an elevated expression of East Coast character and coastal California living on more than 2 ocean and mountain view acres. Recent improvements, including fresh paint, updated finishes, enhanced garden fencing, and a refreshed presentation throughout, add a renewed sense of polish while preserving the home's timeless architectural character. A long-gated drive leads through mature trees and landscaped grounds to the shingled residence, where a columned entry and expansive stone motor court set a gracious tone. Inside, soaring ceilings, polished wood floors, detailed millwork, arched passageways, and abundant natural light create a warm and refined atmosphere. The living room makes a memorable impression with its vaulted ceiling, mezzanine balcony, fireplace, built-in window seating, and outlooks that carry across the gardens toward the ocean. The formal dining room features a fireplace, graceful windows, and French doors opening to the wraparound veranda. Nearby, the kitchen offers an inviting setting with new high-end appliances, generous cabinetry, a center island, skylights, and an easy connection to the home's everyday living spaces. The floor plan includes two-bedroom suites on the main level, a lower-level room for additional living, work, or leisure, and a private upstairs primary suite with a fireplace, sitting area, intimate loggia, dual closets, and treetop views toward the ocean and islands. Beyond the main residence, the estate includes a studio above the two-car garage, a separate guest cottage, and a storybook treehouse. Lush lawns, native boulders, mature trees, flowering gardens, exotic plantings, and rare botanical specimens surround a crescent-shaped pool with in-pool spa and a covered dining pergola with built-in grill. Altogether, the estate offers a rare sense of privacy, character, and ease, with layered gardens, ocean-view moments, and inviting spaces for both refined entertaining and relaxed everyday living.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 5.0 | 0.0 |
| Baths | 9.0 | 0.0 |
| Square foot | 4,388 | - |
| Lot Size | 88,862 | - |
| Price | $10.50M | $2.43M |
| Price per sq ft | $2.4K | $1.3K |
| Built year | 1940 | 0 |
| HOA | $0 | $0 |
| Days on market | 26 | 60 |
Jun 26, 2026
$10,500,000
Initial Listing