937 Arcady Road, Santa Barbara, CA 93108, Santa Barbara, 93108 - 3 bed, 4 bath

937 Arcady Road, Santa Barbara, CA 93108 home-pic-0

937 Arcady Road

Santa Barbara, CA 93108

ACTIVE
CONDITION: FAIR
3Beds
4Baths
3,689Sq Ft
46,174Lot Size

Property Price

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

SUMMARY

Analysis of 937 Arcady Road, Santa Barbara, 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 Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Santa Barbara 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 Santa Barbara.

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
1399 School House Road
Sold
$6,625,000553,637$1,8221.0 mi
B
2066 Eucalyptus Hill Road
Sold
$5,595,000454,377$1,2780.6 mi
C
1175 E Mountain Drive
Pending
$4,950,000
List Price
323,400$1,4560.8 mi

* Subject property listed price vs sold prices of comps.

Condition Analysis

OVERALL CONDITION SCORE

Fair
TeardownExcellent

Property is moderate renovation needed.

Built in 1962, this property has been well-maintained and features some updates, but many elements show their age. The kitchen has modern stainless steel appliances and stone countertops, but the traditional white cabinetry and herringbone tile flooring suggest a renovation from 15-25 years ago rather than a recent one. The primary bathroom, with its jetted tub and tile surround, appears significantly dated (likely 20-30+ years old). While move-in ready, the property would benefit from cosmetic updates, particularly in the bathrooms, to align with current styles and standards, fitting the 'Fair' criteria of being aged but maintained with functional components showing signs of being outdated.

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 = 46174, living area = 3689.

  • Prime Montecito Location & Expansive Grounds

    Situated on over an acre of lush, private grounds in the highly coveted Montecito area, offering prestige, tranquility, and ample space.

  • Exceptional Indoor-Outdoor Living

    Seamless integration of indoor and outdoor spaces with terraces, a sparkling pool, mature gardens, and patios, perfect for entertaining and enjoying the California lifestyle.

CONSRISKS & DEFICIENCIES

  • Age of Construction & Potential System Updates

    Built in 1962, the property's age suggests potential for aging infrastructure (e.g., HVAC, electrical, plumbing) that may not be fully updated to modern standards, potentially incurring future maintenance or upgrade costs.

  • Recent Price Adjustment & Value Perception

    The recent price reduction from $6.85M to $6.45M, following a sale at $5.4M in early 2024, could lead to buyer scrutiny regarding current market value and potential for negotiation.

  • Limited Prominent Views

    While offering 'tranquil landscape views' from balconies, the description does not highlight expansive ocean or city views, which are often a premium feature and expectation for properties in this exclusive Montecito price range.

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 gardensan 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
46,174 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 Size46,17443,560
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 1, 2026

$5,950,000

$6,450,000

-8% Price Drop

Initial Listing

Price Change

Jan 18, 2026

$6,450,000

$6,850,000

-6% Price Drop

Initial Listing

Price Change

Dec 12, 2025

$6,850,000

Initial Listing

Sold

Feb 9, 2024

$5,400,000

Public Record

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