741 Hot Springs Road, SANTA BARBARA, CA 93108, SANTA BARBARA, 93108 - 1 bed, 2 bath
ACTIVE$5,700,000/sqft
741 Hot Springs Road, SANTA BARBARA, CA 93108
1Bed
2Baths
Sqft
43,560Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 43560, living area = 1345.
Top Cons:
Limited Current Bedrooms: The property currently features only one bedroom, which is a significant limitation for a luxury estate in this price range, potentially narrowing the immediate buyer pool despite expansion plans.
Compared to the nearby listings
Price:$5.70M vs avg $6.00M ($-300,000)48%
Size: sqft vs avg 2,795 sqft25%
Price/sqft:$0 vs avg $1.4K36%
More Insights
Built in 2011 (15 years old).
Condition: Built in 2011, this property, though 13 years old, presents in virtually new condition with no visible deferred maintenance. The description highlights 'quality construction' and 'high-end finishes and millwork,' which is evident throughout the home. The kitchen features high-quality wood cabinetry, granite countertops, and modern stainless steel appliances, all in immaculate condition. Living areas boast hardwood floors, coffered ceilings, recessed lighting, and stylish fixtures. The overall aesthetic is timeless and luxurious, making it a true 'turnkey home' that meets current quality standards.
Year Built
2011
Close
-
List price
$5.7M
Original List price
-
Price/Sqft
$0
HOA
$0
Days on market
-
Sold On
-
MLS number
25-2426
Home ConditionExcellent
Features
Good View:
Patio
View-
About this home
Ideally located among the finest estates in the heart of Montecito's Golden Quadrangle. This is an extraordinary opportunity for those looking for a lock and leave turnkey home, or for those wanting to expand the residence on this private parcel with beautiful mountain and partial ocean views. The attention to detail and quality construction are evident throughout the residence with high ceilings, thoughtful floorplan, high end finishes and millwork. Mature landscaping, inviting patios and outdoor spaces invite the best of indoor/outdoor living and entertaining. There are plans for an addition and ADU in the final stages of approval. Close to the Upper and Lower Villages and everything Montecito has to offer. In the acclaimed Montecito Union School District.
J
Jason Siemens
Listing Agent
Price History
Date
Event
Price
10/28/20
Sold
$2,600,000
Condition Rating
Excellent
Built in 2011, this property, though 13 years old, presents in virtually new condition with no visible deferred maintenance. The description highlights 'quality construction' and 'high-end finishes and millwork,' which is evident throughout the home. The kitchen features high-quality wood cabinetry, granite countertops, and modern stainless steel appliances, all in immaculate condition. Living areas boast hardwood floors, coffered ceilings, recessed lighting, and stylish fixtures. The overall aesthetic is timeless and luxurious, making it a true 'turnkey home' that meets current quality standards.
Pros & Cons
Pros
High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 43560, living area = 1345.
Prime Montecito Location: Ideally situated in the heart of Montecito's prestigious Golden Quadrangle, among the finest estates, and within the acclaimed Montecito Union School District. It offers convenient access to both Upper and Lower Villages.
Quality Construction & Finishes: Built in 2011, the residence showcases attention to detail, quality construction, high ceilings, a thoughtful floorplan, and high-end finishes and millwork throughout.
Expansion Potential & Approved Plans: The private parcel offers significant opportunity for expansion, with plans for an addition and an Accessory Dwelling Unit (ADU) already in the final stages of approval, enhancing future value and utility.
Indoor/Outdoor Living & Views: Mature landscaping, inviting patios, and well-designed outdoor spaces facilitate seamless indoor/outdoor living and entertaining, complemented by beautiful mountain and partial ocean views.
Turnkey & Versatile: The property is presented as a 'lock and leave' turnkey home, appealing to buyers seeking immediate occupancy with modern amenities, while also offering clear potential for future customization.
Cons
Limited Current Bedrooms: The property currently features only one bedroom, which is a significant limitation for a luxury estate in this price range, potentially narrowing the immediate buyer pool despite expansion plans.
High Price Point: With a list price of $5.7 million, the property targets a very exclusive market segment, which inherently limits the number of potential buyers.
Partial Ocean Views: While offering views, the description specifies 'partial ocean views,' which may not meet the expectations of all luxury buyers seeking expansive, unobstructed ocean panoramas, potentially impacting perceived value.