725 Ashley Road, MONTECITO, CA 93108, MONTECITO, 93108 - 4 bed, 4 bath
Loading property details...
MONTECITO, CA 93108
This Spanish-style Hacienda serves as a premier Value-Add Asset in a Prime Montecito Location, listed at $5,495,000. Although the list price exceeds the $5,078,099 Fair Market Value, the estate’s nearly one-acre lot and High Available Lot Utilization offer a rare opportunity for significant forced appreciation in a world-class market. With a Condition Rating of 5, the property requires a comprehensive systems and interior rehab to modernize its 1980s aesthetic. The versatile compound includes a two-bedroom guest house, separate office, and private patio, making it an ideal project for Luxury Developers or Value-Add Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 725 Ashley Road Subject | $5,495,000* List Price | 4 | 4 | 2,820 | $1,801 | - |
A 725 Ashley Road Pending | $5,900,000 List Price | 5 | 4 | 2,820 | $2,092 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1982 (44 years old) with no recorded renovations, the property exceeds the 30-year threshold for original condition. The interior features dated 1980s Spanish-style elements like Saltillo tile and heavy wood beams, and the exterior shows signs of age such as cracked driveway pavement, indicating a need for a comprehensive systems and interior rehab.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 37897, living area = 2820.
Situated in one of Montecito's most prestigious neighborhoods, the property offers immediate access to the Upper and Lower Villages, elite hiking trails, and world-class beaches.
The inclusion of a two-bedroom guest house and a separate two-room office provides rare flexibility for multi-generational living, guest hosting, or a comprehensive work-from-home setup.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2820, other record living area = 2582. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 2.
With a list price of nearly $5.5 million for 2,820 square feet, the property carries a high price-per-square-foot ratio that may be scrutinized by value-driven buyers.
Built in 1982 and described as ready for its 'next steward,' the residence likely requires significant cosmetic or systemic updates to meet the expectations of modern luxury buyers.
Perched atop a knoll in one of Montecito's most coveted neighborhoods, this elegant Spanish-style hacienda embodies the quintessential Santa Barbara lifestyle--just minutes to the Upper and Lower Villages, beaches, hiking, golf, and tennis. Behind private gates, the impressive main residence is complemented by a two-bedroom guest house and a separate two-room office, offering exceptional flexibility for guests, extended family, or working from home. A serene fountain courtyard and lush gardens, graced by majestic, centuries-old oak trees, create seamless indoor-outdoor living. Cherished by its current owners as a private retreat, this timeless estate is ready for its next steward to create lasting memories in a truly magical setting.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 4.0 | 50% |
| Baths | 4.0 | 5.0 | 47% |
| Square foot | 2,820 | 3,681 | 36% |
| Lot Size | 37,897 | 40,075.199 | 40% |
| Price | $5.50M | $5.30M | 51% |
| Price per sq ft | $1.9K | $1.7K | 53% |
| Built year | 1982 | 1982 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 31 | 221 | 2% |
May 6, 2026
$5,495,000
Initial Listing