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

937 Arcady Road
Santa Barbara, CA 93108
Property Price
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
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 1399 School House Road Sold | $6,625,000 | 5 | 5 | 3,637 | $1,822 | 1.0 mi |
B 2066 Eucalyptus Hill Road Sold | $5,595,000 | 4 | 5 | 4,377 | $1,278 | 0.6 mi |
C 1175 E Mountain Drive Pending | $4,950,000 List Price | 3 | 2 | 3,400 | $1,456 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
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standards, fitting the 'Fair' criteria of being aged but maintained with functional components showing signs of being outdated.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
| 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 | 46,174 | 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 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































