
Santa Barbara, CA 93108
This Exquisite Oceanfront Penthouse is a Strong Value Opportunity, listed at $5,395,000—positioned well below the $5,826,942 Fair Market Value by 7%. This valuation gap provides $431,942 in Instant Equity for the incoming owner. Boasting a Pristine Condition Rating following a comprehensive 2024 renovation, the home features honed Thunder Marble, White Oak flooring, and panoramic ocean views. Located in elite Montecito near the Rosewood Miramar, it offers a turnkey coastal lifestyle with resort-style amenities. This is an unmatched acquisition for Luxury Homeowners or Secondary Residence Seekers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 86 Seaview Drive Subject | $5,395,000* List Price | 2 | 3 | 1,599 | $3,644 | - |
A 1301 Plaza De Sonadores Active | $5,950,000 List Price | 2 | 3 | 1,392 | $4,274 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
The property underwent a comprehensive, high-end renovation in 2024 and is in pristine, never-lived-in condition. It features premium materials such as honed Thunder Marble countertops and backsplashes, Light White Oak flooring, and modern architectural lighting. The kitchen and bathrooms are fully updated with contemporary fixtures and high-quality finishes, meeting the highest standards of modern luxury.
This top-floor residence offers unobstructed, panoramic views of the Pacific Ocean and Channel Islands, complemented by direct beach access and the soothing sounds of the surf.
Completely renovated in 2024 and not yet lived in, the home features high-end finishes including honed Thunder Marble countertops, White Oak flooring, and soaring cathedral ceilings.
Ideally situated near Butterfly Beach, the Rosewood Miramar Hotel, and Coast Village Road, providing immediate access to world-class dining, shopping, and resort-style amenities.
The monthly association fee of $2,014 is substantial, representing a significant recurring expense for a two-bedroom condominium.
At a list price of $5,395,000 for 1,599 square feet, the property commands an exceptionally high price-per-square-foot that may limit the pool of value-driven buyers.
Oceanview living, renovated in 2024 with elegant coastal style- and not yet lived in - this top-floor home offers panoramic ocean and island views along with the soothing sound of waves. A private, south-facing terrace invites seamless indoor-outdoor living, while expansive sliding glass doors frame the sea and fill the interiors with natural light. The living room features soaring cathedral ceilings and a relaxed, airy layout that flows effortlessly into a showstopping kitchenartfully appointed with honed Thunder Marble countertops and backsplash, warm-toned cabinetry, and a sculptural waterfall island that doubles as a casual dining bar. Light White Oak floors and refined architectural lighting elevate the home's contemporary coastal feel. The oceanfront primary suite includes its own balcony, dual closets, and a marble-clad bath with a soaking tub, sleek vanity, and clean, modern finishesall while ocean breezes and the sound of surf create a tranquil backdrop. The secondary suite offers its own balcony, a peaceful sense of retreat, and a beautifully finished en suite bath. Located just moments from Butterfly Beach, Miramar Beach, the Rosewood Miramar Hotel, the Coral Casino, and the dining and boutiques along Coast Village Road, this home also enjoys access to the community's resort-style amenitiespool, spa, sauna, and tennis courtset among beautifully landscaped grounds with open lawns, lush plantings, and a serene coastal setting ideal for watching the waves and enjoying the ocean breeze. With direct beach access and an unbeatable location, this is a year-round retreat in the heart of Montecito.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 3.0 | 2.0 | 57% |
| Square foot | 1,599 | 1,722 | 50% |
| Lot Size | 1,823 | - | 86% |
| Price | $5.39M | $3.17M | 93% |
| Price per sq ft | $3.4K | $1.5K | 93% |
| Built year | 1974 | 1974 | 50% |
| HOA | $2014 | $1.2K | 93% |
| Days on market | 48 | 174 | 7% |
Mar 5, 2026
$5,395,000
Initial Listing
Jun 29, 2022
$3,311,000
Public Record