920 Flora Vista Drive, SANTA BARBARA, CA 93109, SANTA BARBARA, 93109 - 4 bed, 2 bath
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SANTA BARBARA, CA 93109
This property presents a Strong Value Opportunity with a List Price of $1,850,000—positioned well below the $2,002,060 Fair Market Value by 7%. This valuation gap offers $152,060 in Instant Equity for buyers. Featuring a 11,761 sqft lot with backyard ocean views, the home has a Condition Rating of 5, indicating a need for modernization. This value-add asset is ideal for Buy-and-Hold Investors or Owner-Occupants looking to renovate in the prestigious Mesa neighborhood.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 920 Flora Vista Drive Subject | $1,850,000* List Price | 4 | 2 | 1,300 | $1,540 | - |
A 1432 San Miguel Avenue Sold | $2,301,500 | 4 | 2 | 1,371 | $1,679 | 0.9 mi |
B 920 Flora Vista Drive Pending | $2,199,000 List Price | 4 | 2 | 1,300 | $1,692 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1963 (61 years old), this property is marketed as a 'Mesa Opportunity' and 'investment,' which typically indicates original systems and a need for a full rehab. The exterior shows signs of deferred maintenance and dated materials, fitting the criteria for a property requiring significant renovation.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 11761, living area = 1300.
Situated in the highly sought-after Mesa neighborhood, the property offers exceptional proximity to Douglas Family Preserve, Hendry's Beach, and popular local dining and shopping.
The generous 11,761-square-foot lot provides significant outdoor space and rare backyard ocean views, offering ample room for potential expansion or landscaping projects.
With four bedrooms packed into just 1,300 square feet, the interior living spaces and individual bedrooms are likely undersized for modern family expectations.
Built in 1963 and marketed as an 'opportunity,' the home likely requires significant modernization and capital investment to bring it up to contemporary standards.
**Mesa Opportunity with Backyard Ocean View** Rare chance to own a four-bedroom, two-bath home on a large lot in Santa Barbara's highly sought-after Mesa neighborhood. Enjoy ocean views and exceptional value in an area where many homes are priced above 2 million. Whether you're looking for your forever home, an investment, or a chance to enter one of Santa Barbara's most desirable communities, this property deserves your attention. Opportunities like this don't come along often. Ideally located near Douglas Family Preserve, Hendry's Beach, popular coffee shops, restaurants, and everyday shopping.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 0.0 |
| Baths | 2.0 | 0.0 |
| Square foot | 1,300 | - |
| Lot Size | 11,761 | - |
| Price | $1.85M | $2.43M |
| Price per sq ft | $1.4K | $1.3K |
| Built year | 1963 | 0 |
| HOA | $0 | $0 |
| Days on market | 44 | 60 |
Jun 8, 2026
$1,850,000
Initial Listing