905 Laguna Street, SANTA BARBARA, CA 93101, SANTA BARBARA, 93101 - 4 bed, 4 bath
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SANTA BARBARA, CA 93101
This Modern Spanish Revival Sanctuary is a Strong Value Opportunity, listed at $3,895,000—positioned well below the $4,148,270 Fair Market Value by 6%. This valuation gap offers $253,270 in Instant Equity for buyers. Boasting an Exceptional Condition Rating, the residence features a private elevator, mountain views, and custom ironwork. Zoned as a Single Family Residence with No HOA fees, it provides low-maintenance luxury in the heart of downtown. This is an ideal acquisition for Owner-Occupants or Luxury Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 905 Laguna Street Subject | $3,895,000* List Price | 4 | 4 | 3,120 | $1,330 | - |
A 618 Anacapa Street 5 Sold | $2,750,000 | 3 | 4 | 2,659 | $1,034 | 0.4 mi |
B 531 Chapala Street B Sold | $3,450,000 | 2 | 3 | 2,760 | $1,250 | 0.6 mi |
C 531 Chapala Street B Sold | $3,450,000 | 2 | 3 | 2,536 | $1,360 | 0.6 mi |
D 105 W De La Guerra Street F2 Pending | $3,350,000 List Price | 2 | 3 | 2,185 | $1,533 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 2003, this property is in exceptional condition and is move-in ready. It features high-quality Spanish Revival architecture with custom hand-forged ironwork, beamed ceilings, and a private elevator. While the kitchen cabinetry and granite countertops reflect the original 2003 style, the appliances and overall maintenance are excellent. The home shows minimal wear and tear, meeting the criteria for a well-maintained property within the 20-year range.
Situated just blocks from State Street and the Arts District, this property offers unparalleled walkability to Santa Barbara’s premier dining, shopping, and cultural attractions.
Built in 2003 and featuring a private elevator serving all three levels, this Thomas Ochsner-designed home combines Spanish Revival elegance with modern convenience and accessibility.
Zoned as a Single Family Residence with zero association fees, the property provides the low-maintenance lifestyle of a luxury condo without the restrictive oversight or monthly costs of an HOA.
With a lot size of approximately 3,049 square feet, the property lacks a traditional backyard, relying instead on a central courtyard and balconies for outdoor living.
The three-story floor plan may be a drawback for buyers who prefer a more traditional horizontal flow, despite the inclusion of a private elevator.
Discover a rare downtown retreat blending privacy and charm just blocks to State St and the historic, and Arts Districts. This gated, modern Spanish home offers a easy floorplan designed for effortless living. The main level features expansive living & dining areas that seamlessly open to a tranquil central courtyard, along with a chef's kitchen with direct patio access for an inviting indoor-outdoor experience. A cozy family room & flexible second suite/media option enhance versatility. On the third floor, enjoy a private primary suite with stunning mountain views, a spacious bath, and ample closet space, plus private elevator. The first floor includes two flex bedrooms, or potential offices, generous garage, plus laundry room, completing this charming in-town sanctuary Conveniences of a Lux Condo, with gated entry and low maintenance yard, yet no HOA. The spacious floorplan offers both comfort and flexibility with an all-floors private elevator! A main-level suite for guests or media use, multiple office-room options, and seamless transitions between indoor spaces and sunlit courtyards. French doors invite morning coffee or al fresco dining. And the third-floor primary retreat offers a true sanctuary above the city. Privacy is a hallmark here, enhanced by secure gated entry, yet the vibrant energy of downtown Santa Barbara is right outside your door. Designed by Thomas Ochsner, AIA, and built in 2003, the home is enriched with hand-forged ironwork, lighting, and banisters by Steven Handleman Studios finishes, and custom details that add character and authenticity to its Spanish Revival architecture. Quality construction, abundant storage, and a spacious garage ensure practical livability to match the elegance. A rare opportunity to enjoy timeless style, privacy, and downtown convenience in one exceptional residence. Zoned SFR, not a Condo, yet with the low maintenance convenience of condo-living.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 2.0 | 96% |
| Baths | 4.0 | 2.0 | 92% |
| Square foot | 3,120 | 1,601 | 96% |
| Lot Size | 3,049.2 | 653.4 | 92% |
| Price | $3.90M | $1.80M | 96% |
| Price per sq ft | $1.2K | $994 | 77% |
| Built year | 2003 | 2003 | 50% |
| HOA | $0 | $592 | 23% |
| Days on market | 61 | 151 | 8% |
Feb 20, 2026
$3,895,000
Initial Listing
Dec 30, 2010
$2,000,000
Public Record