725 Ashley Road, Montecito, CA 93108, Montecito, 93108 - 5 bed, 5 bath
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Montecito, CA 93108
This Versatile Compound Estate represents a High-Potential Investment Opportunity, listed at $4,750,000—positioned above the $4,505,024 Fair Market Value. While the property requires modernization, its Condition Rating of 4 is offset by a massive 36,155 sqft lot and a flexible layout featuring a main residence, guest house, and office. This configuration is ideal for multi-generational living or remote work. The serene, gated setting in a prime Montecito location offers significant long-term value for Value-Add Investors or Owner-Occupants seeking a customizable private retreat.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 725 Ashley Road Subject | $4,750,000* List Price | 5 | 5 | 3,800 | $1,186 | - |
A 520 Barker Pass Road Pending | $3,695,000 List Price | 5 | 4 | 3,264 | $1,132 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1982, the property is 42 years old and lacks mention of recent major renovations. While the exterior and grounds appear well-maintained, the interior photos show dated finishes like Berber carpeting and older fixtures, suggesting the kitchen, baths, and systems likely require updates to meet modern standards.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 36155, living area = 3800.
Situated in a highly coveted neighborhood, the property offers convenient access to the Upper and Lower Villages, world-class beaches, and premium recreational amenities.
The estate features a main residence, a two-bedroom guest house, and a separate two-room office, providing exceptional flexibility for multi-generational living or remote work.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =36155, other record lot size in square feet = 37897. Living area discrepancy between mls listing and other public or private record. mls listing living area = 3800, other record living area = 2582. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 5, other record bedroom count = 2.
Built in 1982, the property may require significant aesthetic or systemic updates to align with contemporary luxury standards and buyer preferences.
The expansive grounds, mature oak trees, and multiple structures necessitate ongoing and potentially costly landscaping and property maintenance.
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 oak trees, create a seamless connection between refined indoor living and the beauty of the natural surroundings. Cherished by its current owners as a private retreat/compound 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 |
|---|---|---|
| Beds | 5.0 | 0.0 |
| Baths | 5.0 | 0.0 |
| Square foot | 3,800 | - |
| Lot Size | 36,155 | - |
| Price | $4.75M | $4.71M |
| Price per sq ft | $1.2K | $1.5K |
| Built year | 1982 | 0 |
| HOA | $0 | $0 |
| Days on market | 16 | 87 |
Jul 6, 2026
$4,750,000
Initial Listing