937 Arcady Road, MONTECITO, CA 93108, MONTECITO, 93108 - 3 bed, 4 bath

937 Arcady Road
MONTECITO, CA 93108
Property Price
SUMMARY
Analysis of 937 Arcady Road, MONTECITO, CA 93108 reveals a Fairly Priced Property with a current list price of $5,950,000 aligned with the estimated $5,950,000 Fair Market Value. This represents a stable investment opportunity at market rate. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. Located in a high-demand neighborhood within the MONTECITO Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 937 Arcady Road Subject | $5,950,000* List Price | 3 | 4 | 3,689 | $1,613 | - |
A 840 Ivy Lane Sold | $7,000,000 | 4 | 4 | 3,601 | $1,944 | 0.6 mi |
B 1029 Alston Road Sold | $6,780,000 | 5 | 5 | 4,157 | $1,631 | 0.6 mi |
C 1158 Dulzura Drive Sold | $4,995,000 List Price | 4 | 4 | 4,000 | 0.2 mi | |
D 734 El Rancho Road Sold | $5,300,000 | 4 | 3 | 0.4 mi | ||
E 1196 Dulzura Drive Sold | $4,995,000 List Price | 5 | 5 | 3,830 | 0.4 mi | |
F 1157 Glenview Road Active | $5,998,000 List Price | 4 | 4 | 4,307 | $1,393 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is move-in ready.
The property is in move-in ready condition and appears exceptionally well-maintained. While originally built in 1962, the home has undergone significant updates, including a spacious kitchen with stone countertops, a large center island, and premium stainless steel appliances like a Sub-Zero refrigerator. The interior features high-quality finishes such as hardwood flooring, crown molding, and elegant light fixtures. It meets the 'good' criteria as major systems and aesthetics are functional and high-end, though the specific style of the cabinetry and tiling suggests the renovations were likely completed between 5 and 15 years ago rather than being a brand-new 'excellent' renovation.
PROSSTRENGTHS & OPPORTUNITIES
- 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 = 46173, living area = 3689.
- Prestigious Montecito Location
Situated in the highly desirable Eucalyptus Hill area, this property offers exclusivity and privacy within one of California's most coveted coastal enclaves.
- Expansive Acreage
The property sits on over an acre of lush, manicured grounds featuring mature oaks and professional landscaping, providing a rare sense of space and tranquility.
CONSRISKS & DEFICIENCIES
- Potential Modernization Needs
Built in 1962, the home may require capital improvements or cosmetic updates to its systems and finishes to meet the standards of modern luxury buyers.
- Limited Bedroom Count
Offering only three bedrooms for nearly 3,700 square feet of living space may limit the property's appeal to larger families or those requiring more dedicated guest rooms.
- Recent Price Adjustments
The recent reduction from $6.85M to $6.45M indicates the property is still navigating market price discovery, which may affect perceived value among savvy investors.
About 937 Arcady Road
Set amid more than an acre of lush Montecito grounds, this refined residence offers a quiet sense of grandeur and an elegant, effortless way of living. A soaring foyer with a sweeping staircase and chandelier welcomes you inside, where tall windows and French doors bring in soft natural light and create a warm, inviting ambiance. The formal living spaces capture the charm of classic Montecito living. A gracious living room, anchored by a traditional fireplace, opens to terraces overlooking the pool and gardens—an ideal setting for gatherings of any size. The adjacent dining room and library provide versatile spaces suited for both intimate hosting and peaceful moments at home. The kitchen is bright and thoughtfully designed, featuring an expansive center island, stone countertops, and a wall of windows that frame the gardens. With generous cabinetry and double ovens, it offers a welcoming setting for everyday living and entertaining. Upstairs, each bedroom serves as a private retreat, complete with en-suite baths and balconies that take in tranquil landscape views. The primary suite is especially inviting, offering a sitting area, fireplace, and French doors that open to a romantic veranda. Outdoors, the grounds embrace the best of Montecito's indoor-outdoor lifestyle. A sparkling pool is surrounded by mature oaks, colorful gardens, and patios ideal for relaxation or hosting. A versatile room near the pool offers added comfort and adaptability, ideal for guests or a variety of uses. Combining privacy, charm, and enduring style, this Montecito residence embodies refined living, where comfort and elegance come naturally and each setting enhances the beauty of daily life.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1962
- Lot Size
- 46,173.602 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 4 (4 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 4.0 | 40% |
| Baths | 4.0 | 5.0 | 50% |
| Square foot | 3,689 | 3,689 | 50% |
| Lot Size | 46,173.602 | 43,560 | 75% |
| Price | $5.95M | $5.49M | 53% |
| Price per sq ft | $1.6K | $1.6K | 49% |
| Built year | 1962 | 1973 | 40% |
| HOA | $0 | $0 | 50% |
| Days on market | 85 | 237 | 7% |
Pricing History
Listed for Sale
Mar 3, 2026
$5,950,000
$6,450,000
-8% Price Drop
Initial Listing
Price Change
Jan 22, 2026
$6,450,000
$6,850,000
-6% Price Drop
Initial Listing
Price Change
Dec 12, 2025
$6,850,000
Initial Listing































