718 Las Canoas Place, SANTA BARBARA, CA 93105, SANTA BARBARA, 93105 - 4 bed, 3 bath
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SANTA BARBARA, CA 93105
This Private Mediterranean Retreat is a Prime Investment Opportunity with a List Price of $3,295,000—positioned well below the $3,372,768 Fair Market Value by 2%. This valuation gap offers $77,768 in Instant Equity. While the home maintains a Condition Rating of 4 with original 1996 finishes, the 2.16-acre usable lot and Canyon and Ocean Views provide significant appreciation potential. Located in Mission Canyon, the estate supports an ADU or pool. This is an ideal acquisition for Owner-Occupants or Value-Add Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 718 Las Canoas Place Subject | $3,295,000* List Price | 4 | 3 | 2,983 | $1,131 | - |
A 2016 Foothill Road Sold | $3,200,000 | 4 | 4 | 3,046 | $1,051 | 0.7 mi |
B 2911 Holly Road Active | $3,850,000 List Price | 6 | 5 | 3,466 | $1,111 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1996, this property is well-maintained but shows its age with original finishes that have not been updated in nearly 30 years. The 'country-style' kitchen features dated tile countertops and older white appliances, and the overall aesthetic—including the Saltillo tile and light fixtures—reflects the construction era rather than current modern standards. It meets the 'fair' criteria as an aged home maintained through regular upkeep but requiring cosmetic updates to meet modern luxury expectations.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 94089, living area = 2983.
Sitting on over 2 acres of usable land, this estate offers rare development potential for an ADU, swimming pool, or sports court, providing significant long-term value.
Tucked away on a peaceful cul-de-sac and surrounded by mature oak woodlands and native landscaping, the property offers exceptional privacy and a serene connection to nature.
Situated in Mission Canyon, the property is located in a high-fire-hazard severity zone, which may lead to increased insurance costs and stricter vegetation management requirements.
While well-maintained, the 1996 construction and 'country-style' kitchen may feel dated to modern luxury buyers, likely requiring capital investment for contemporary upgrades.
Tucked away on a peaceful cul-de-sac, this private Mediterranean retreat sits on over 2 acres of usable land surrounded by nature. The 4-bed, 3-bath (+ office) custom home (approx. 3,000 sq ft) blends classic craftsmanship with comfort. Featuring exposed beams, Saltillo tile, wrought iron accents, and French doors that open to canyon and ocean views from the primary bedroom, family room, dining room, and patio. Multiple balconies invite you to unwind and take in the peaceful green surroundings and frequent wildlife sightings. The warm, country-style kitchen and inviting interiors create the perfect backdrop for gatherings, while the expansive estate-like grounds offer endless possibilities— with potential to add an ADU, pool, or sports court. The property includes drought tolerant landscaping, mature oak woodland, native CA plants, citrus, avocado, herbs, and more. Located minutes from the Botanic Garden, The Mission, Skofield Park, and multiple hiking trails. A true Santa Barbara sanctuary where sunsets, privacy, and natural beauty meet.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 68% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 2,983 | 2,087 | 82% |
| Lot Size | 94,089.602 | 10,018.8 | 94% |
| Price | $3.29M | $2.15M | 83% |
| Price per sq ft | $1.1K | $1.0K | 56% |
| Built year | 1996 | 1961 | 93% |
| HOA | $0 | $0 | 50% |
| Days on market | 85 | 195 | 12% |
Jan 27, 2026
$3,295,000
Initial Listing