700 Via Hierba, SANTA BARBARA, CA 93110, SANTA BARBARA, 93110 - 4 bed, 3 bath
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SANTA BARBARA, CA 93110
This Expansive Hope Ranch Value-Add Estate is a High-Potential Investment Opportunity listed at $5,400,000—positioned well below the $5,532,071 Fair Market Value by 2%. This valuation gap offers $132,071 in Instant Equity. While currently holding a Condition Rating of 4, the property features a rare 1.52-acre usable lot, swimmer’s pool, tennis court, and mountain views. With conceptual plans for a 6-bath luxury conversion, it offers significant forced appreciation. This is a premier acquisition for Luxury Developers or Visionary Owner-Occupants.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 700 Via Hierba Subject | $5,400,000* List Price | 4 | 3 | 3,188 | $1,735 | - |
A 700 Via Hierba Sold | $5,239,000 List Price | 4 | 3 | 2,920 | 0.0 mi | |
B 700 Via Hierba Active | $5,400,000 List Price | 4 | 3 | 3,188 | $1,694 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1967 with interior elements (specifically the bathroom cabinetry and fixtures) appearing to be from a 20-30 year old renovation. While the home is well-maintained and staged, the kitchen and baths are dated, and the listing's mention of 'conceptual renovation plans' indicates the property is primed for significant updates rather than being in move-in ready 'Good' condition.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 66211, living area = 3188.
Situated on a rare 1.52-acre fully usable lot in the prestigious Hope Ranch, providing exceptional privacy and vast space for outdoor activities.
The estate is a true entertainer's dream, featuring a swimmer's pool, private tennis court, and a gazebo set amidst beautifully landscaped grounds.
Originally built in 1967, the property likely requires modern updates or a full renovation to align with contemporary luxury standards.
The combination of a $3,799 association fee and the upkeep of extensive grounds, a pool, and a tennis court results in high ongoing carrying costs.
Set on an extraordinary and fully usable 1.52-acre parcel, 700 Via Hierba is a single-level residence featuring four bedrooms and two-and-a-half baths, or 4 bedrooms, 6 baths plus cabana with conceptual renovation plans. The home is thoughtfully designed for effortless indoor-outdoor living, with expansive near floor-to-ceiling windows in the living and dining rooms that frame sweeping views of the lush grounds and sun-drenched patio. The property is an entertainer's dream, complete with a swimmer's pool, tennis court, gazebo, and beautifully landscaped outdoor spaces. The primary suite enjoys its own private patio with an in-ground spa, along with a spacious bath and generous closet--creating a serene personal retreat. A rare opportunity to experience the best of Hope Ranch living.
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 | 3.5 | 50% |
| Square foot | 3,188 | 3,054 | 50% |
| Lot Size | 66,211 | 32,888 | 69% |
| Price | $5.40M | $3.49M | 69% |
| Price per sq ft | $1.7K | $1.1K | 88% |
| Built year | 1967 | 1967 | 50% |
| HOA | $3799 | $1.6K | 96% |
| Days on market | 46 | 192 | 4% |
Apr 29, 2026
$5,400,000
Initial Listing
Aug 18, 2023
$5,200,000
Public Record