796 Hot Springs Road, MONTECITO, CA 93108, MONTECITO, 93108 - 2 bed, 4 bath
ACTIVE$9,950,000$4,196/sqft
Est. Value: $9,073,778
-8%
AboveEstimate
796 Hot Springs Road, MONTECITO, CA 93108
2Beds
4Baths
4,196Sqft
44,431.199Lot
Price Vs. Estimate
The estimated value ($9,073,777.82) is $876,222.18 (8%) lower than the list price ($9,950,000). This property may be overpriced.
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 = 44431, living area = 4196.
Top Cons:
MLS Listing Discrepancy: Living area discrepancy between mls listing and other public or private record. mls listing living area = 4196, other record living area = 4311. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 2, other record bedroom count = 3.
Compared to the nearby listings
Price:$9.95M vs avg $6.00M (+$3,950,000)79%
Size:4,196 sqft vs avg 2,835 sqft68%
Price/sqft:$2.4K vs avg $1.4K89%
More Insights
Built in 1955 (71 years old).
Condition: Despite being built in 1955, this property has clearly undergone an extensive, high-end renovation, likely within the last 5-10 years. The kitchen is superbly appointed with modern white cabinetry, professional-grade stainless steel appliances (including a large range with pot filler and a Sub-Zero style refrigerator), and granite countertops, all appearing virtually new. The bathrooms are luxurious, featuring contemporary vanities, freestanding tubs, large glass showers, and modern fixtures, truly offering a 'spa-like experience.' Throughout the home, modern light fixtures, pristine light wood and tile flooring, and new steel-framed windows and doors indicate a comprehensive update to current luxury standards. The overall condition is impeccable, showing no signs of wear, tear, or deferred maintenance, meeting the criteria for an 'excellent' rating.
Year Built
1955
Close
-
List price
$9.95M
Original List price
-
Price/Sqft
$2,371
HOA
$0
Days on market
-
Sold On
-
MLS number
24-2836
Home ConditionExcellent
Features
Excellent View:
Patio
View-
About this home
Discover your next chapter in Montecito's premier ''Golden Quadrangle,'' where this exceptional ocean & mountain view property offers a gateway to the vibrant Montecito community & its serene natural beauty. Set on an artfully landscaped & gated acre, this 4Bd architecturally distinct single level residence is a haven of style & privacy. Inside, the home unfolds w a design that is both elegant & inviting, w a superbly appointed kitchen, generous entertaining areas & a primary suite offering a spa like experience. Guests will find their own secluded space in a dedicated suite with separate entry, complemented by two additional bedrooms/office/gym. Here's your opportunity to live fully, embraced by the natural splendor, views & warmth of Montecito & the captivating Central Coast.
N
Nancy Kogevinas
Listing Agent
Price History
Date
Event
Price
03/25/22
Sold
$11,000,000
08/05/10
Sold
$6,050,000
Condition Rating
Excellent
Despite being built in 1955, this property has clearly undergone an extensive, high-end renovation, likely within the last 5-10 years. The kitchen is superbly appointed with modern white cabinetry, professional-grade stainless steel appliances (including a large range with pot filler and a Sub-Zero style refrigerator), and granite countertops, all appearing virtually new. The bathrooms are luxurious, featuring contemporary vanities, freestanding tubs, large glass showers, and modern fixtures, truly offering a 'spa-like experience.' Throughout the home, modern light fixtures, pristine light wood and tile flooring, and new steel-framed windows and doors indicate a comprehensive update to current luxury standards. The overall condition is impeccable, showing no signs of wear, tear, or deferred maintenance, meeting the criteria for an 'excellent' rating.
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 = 44431, living area = 4196.
Prime Montecito Location: Situated in the highly coveted 'Golden Quadrangle' of Montecito, offering an exclusive address and access to a vibrant community and natural beauty.
Stunning Views: The property boasts exceptional ocean and mountain views, significantly enhancing its aesthetic appeal and perceived value.
Expansive & Private Acreage: Set on a gated, artfully landscaped one-acre lot, providing substantial privacy, ample outdoor living space, and a serene environment.
Luxurious & Functional Design: Features an architecturally distinct single-level residence with a superbly appointed kitchen, generous entertaining areas, and a primary suite offering a spa-like experience.
Versatile Guest Accommodations: Includes a dedicated guest suite with a separate entry, complemented by two additional rooms suitable for bedrooms, an office, or a gym, offering flexibility for various needs.
Cons
MLS Listing Discrepancy: Living area discrepancy between mls listing and other public or private record. mls listing living area = 4196, other record living area = 4311. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 2, other record bedroom count = 3.
High Price Point: The list price of $9.95 million places the property in a very exclusive market segment, which inherently limits the pool of potential buyers.
Property Age: Built in 1955, the property is nearly 70 years old. While likely updated, older construction can imply potential for aging infrastructure or higher maintenance costs compared to newer builds.
Bedroom Count Discrepancy: The property description states '4Bd' and details multiple functional sleeping/flexible spaces, yet the provided data indicates only 2 beds, which could cause confusion or misaligned expectations for potential buyers.