
SANTA BARBARA, CA 93111
This custom-built Park Highlands estate is a High-Potential Value-Add Residence listed at $3,995,000, aligning with its $3,985,653 Fair Market Value. While currently maintaining a Original 1981 Condition Rating, the property offers a massive 4,075 sqft floor plan and Sweeping Ocean Views on a rare 0.86-acre lot. Featuring Vaulted Wood Ceilings, Saltillo Tile, and ADU Potential, the home provides a stable entry into a coveted enclave with significant upside through modernization. This is an exceptional opportunity for Owner-Occupants seeking a customizable sanctuary or Luxury Renovators looking to capture forced appreciation.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 908 Via Los Padres Subject | $3,995,000* List Price | 5 | 5 | 4,075 | $978 | - |
A 1045 Via Los Padres Sold | $4,080,000 | 4 | 4 | 4,015 | $1,016 | 0.3 mi |
B 5139 Cathedral Oaks Sold | $2,900,000 | 5 | 4 | 4,019 | $722 | 0.6 mi |
C 504 Los Verdes Drive Active | $3,295,000 List Price | 5 | 3 | 2,832 | $1,163 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property is well-maintained and move-in ready but remains largely in its original 1981 condition. While the architectural features like vaulted wood ceilings and hardwood floors are in good shape, the kitchen and bathrooms are significantly outdated, featuring 1980s-style oak cabinetry, white tile countertops, and older appliances. The listing description itself notes the need for 'thoughtful updating' to bring the home up to modern luxury standards.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 36590, living area = 4075.
Situated in the prestigious Park Highlands enclave, the estate offers sweeping coastal vistas stretching toward UCSB and the Pacific, providing a high-value serene backdrop.
The expansive .86-acre lot and 4,075 sqft floor plan offer rare scale for the area, including excellent potential for an ADU or personalized luxury expansion.
The property is noted as needing thoughtful updating throughout, which will require a significant additional capital investment to bring it to contemporary luxury standards.
Built in 1981, the home likely features original mechanical systems and aesthetic finishes that may lack the energy efficiency and style expected at this price point.
Privately set on approximately .86 acres in the coveted Park Highlands enclave, this custom-built estate captures sweeping ocean views stretching toward University of California, Santa Barbara and the Santa Barbara Airport, offering an exceptional blend of serenity, scale, and coastal elegance. Spanning five bedrooms and four-and-a-half baths, the residence is defined by soaring vaulted wood ceilings, rich hardwood floors, and authentic Saltillo tile that lend warmth and architectural character throughout. Designed for both grand entertaining and intimate gatherings, the home features a dramatic living room anchored by a striking stone fireplace, an inviting family room with its own fireplace, and a refined den ideal for a private office or formal dining room. The gourmet kitchen -- complete with dual islands, an expansive pantry, and generous prep space -- serves as the heart of the home, offering tremendous potential to be reimagined into a truly show-stopping culinary space. The primary suite provides a peaceful sanctuary with its own fireplace, while spacious secondary bedrooms offer comfort and flexibility for family or guests. Outdoors, extensive decking invites you to take in the ocean vistas and coastal breezes. A covered patio between the residence and the three-car garage creates a charming, protected entertaining area. The nearly one-acre parcel offers remarkable privacy and presents excellent ADU potential. While the home would benefit from thoughtful updating, it presents a rare opportunity to personalize and elevate a well-built custom residence in one of the area's most desirable settings -- combining view, scale, and location in a truly compelling offering. Moments from shopping, parks, and everyday conveniences, this is an exceptional canvas ready for its next chapter.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 4.0 | 85% |
| Baths | 5.0 | 3.0 | 92% |
| Square foot | 4,075 | 1,932 | 88% |
| Lot Size | - | 8,712 | 14% |
| Price | $4.00M | $1.65M | 86% |
| Price per sq ft | $980 | $867 | 65% |
| Built year | 1981 | 1965 | 69% |
| HOA | $0 | $0 | 50% |
| Days on market | 48 | 173 | 3% |
Mar 5, 2026
$3,995,000
Initial Listing