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

937 Arcady Road, MONTECITO, CA 93108 home-pic-0

937 Arcady Road

MONTECITO, CA 93108

ACTIVE
CONDITION: GOOD
3Beds
4Baths
3,689Sq Ft
46,173.602Lot Size

Property Price

LIST PRICE$5,950,000
EST. MARKET VALUE
$5,950,000

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

$5,950,000
Based on Realkey algorithm analyzing recent comparable sales in MONTECITO.

Comparable Sales Map

Comparables within 1 miles sold in recently

Address Sold Price BedsBathsSq Ft$/SqftDistance
937 Arcady Road
Subject
$5,950,000*
List Price
343,689$1,613-
A
840 Ivy Lane
Sold
$7,000,000443,601$1,9440.6 mi
B
1029 Alston Road
Sold
$6,780,000554,157$1,6310.6 mi
C
1158 Dulzura Drive
Sold
$4,995,000
List Price
444,0000.2 mi
D
734 El Rancho Road
Sold
$5,300,000430.4 mi
E
1196 Dulzura Drive
Sold
$4,995,000
List Price
553,8300.4 mi
F
1157 Glenview Road
Active
$5,998,000
List Price
444,307$1,3930.7 mi

* Subject property listed price vs sold prices of comps.

Condition Analysis

OVERALL CONDITION SCORE

Good
TeardownExcellent

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

FeatureSubjectAverage HomeNeighborhood Ranking (50 Listings)
Beds3.04.0
40%
Baths4.05.0
50%
Square foot3,6893,689
50%
Lot Size46,173.60243,560
75%
Price$5.95M$5.49M
53%
Price per sq ft$1.6K$1.6K
49%
Built year19621973
40%
HOA$0$0
50%
Days on market85237
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

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