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939 Arcady Road, SANTA BARBARA, CA 93108, SANTA BARBARA, 93108 - 5 bed, 5 bath

939 Arcady Road, SANTA BARBARA, CA 93108 home-pic-0
ACTIVE$5,150,000$5,996/sqft
Est. Value: $5,150,000
%
FairlyEstimate
939 Arcady Road, SANTA BARBARA, CA 93108
5Beds
5Baths
5,996Sqft
60,112.801Lot

Price Vs. Estimate

The estimated value ($5,150,000) is $0 (0%) lower than the list price ($5,150,000). This property may be overpriced.

Key pros and cons

Top Pros:
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 = 60112, living area = 5996.
Top Cons:
MLS Listing Discrepancy: Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 5, other record bedroom count = 7.

Compared to the nearby listings

Price:$5.15M vs avg $6.00M ($-850,000)42%
Size:5,996 sqft vs avg 2,835 sqft87%
Price/sqft:$859 vs avg $1.4K38%

More Insights

Built in 1951 (75 years old).
Condition: Built in 1951, this property appears structurally sound and well-maintained from the exterior. However, the interior, particularly the kitchen, is significantly outdated with 80s/90s style cabinets, countertops, and appliances, along with a dated backsplash. The carpets in several rooms are worn and the color/pattern are very old-fashioned. While the hardwood floors are present, they show signs of wear. The property is livable and clean, but requires substantial modernization and renovation to meet contemporary luxury standards and buyer expectations, especially given its prestigious location and price point. The bar area is also notably dated. Bathrooms are not shown, but likely follow a similar outdated aesthetic.
Year Built
1951
Close
-
List price
$5.15M
Original List price
-
Price/Sqft
$859
HOA
$0
Days on market
-
Sold On
-
MLS number
24-3507
Home ConditionFair
Features
Excellent View:
Deck
View-

About this home

This large Montecito home on 1.38 acres features breathtaking views of the Santa Ynez Mountains. The award-winning Cold Spring School (ranked first in the State of California) and locally beloved Montecito Firehouse are just 4/10 of a mile away. Set on a private road in Arcady Estates, ready to move-in or remodel this 5000+ SF residence offers endless potential and a flexible floor plan. The entry and living areas open to a two-story wall of glass and a large outdoor deck. The family room connects to a spacious great room, located off the kitchen. The main floor also has two en-suite bedrooms, ideal for guests or family members. The upper level has a palatial master suite with a fireplace, separate study and office and a nursery or sitting room. French doors open to a balcony with panoramic mountain views to Montecito Peak. Two additional upstairs bedrooms have vaulted ceilings with exposed oak beams and private balconies. The ground floor of residence has an additional two en-suite bedrooms with separate outdoor entrances. The detached split-level garage contains a built-in studio and storage areas. The expansive grounds have ample room for outdoor amenities and the creation of a garden oasis.

S
Stan Aslanian
Listing Agent
Condition Rating
Fair
Built in 1951, this property appears structurally sound and well-maintained from the exterior. However, the interior, particularly the kitchen, is significantly outdated with 80s/90s style cabinets, countertops, and appliances, along with a dated backsplash. The carpets in several rooms are worn and the color/pattern are very old-fashioned. While the hardwood floors are present, they show signs of wear. The property is livable and clean, but requires substantial modernization and renovation to meet contemporary luxury standards and buyer expectations, especially given its prestigious location and price point. The bar area is also notably dated. Bathrooms are not shown, but likely follow a similar outdated aesthetic.
Pros & Cons

Pros

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 = 60112, living area = 5996.
Prestigious Location: Situated on a private road within the exclusive Arcady Estates in Montecito, offering a highly sought-after and desirable address.
Exceptional Views: Features breathtaking panoramic views of the Santa Ynez Mountains, including Montecito Peak, visible from multiple vantage points and a two-story wall of glass.
Spacious & Flexible Living: A generous 5996 sqft residence on 1.38 acres with a flexible floor plan, multiple en-suite bedrooms (including ground floor with separate entrances), and a luxurious master suite with dedicated study/office space.
Top-Tier School District: Located just 0.4 miles from the award-winning Cold Spring School, ranked first in the State of California, a significant draw for families.
Development Potential & Amenities: Expansive grounds offer ample room for creating outdoor amenities and a garden oasis, complemented by a detached split-level garage with a built-in studio for additional functional space.

Cons

MLS Listing Discrepancy: Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 5, other record bedroom count = 7.
Age and Potential for Renovation: Built in 1951, the property, while livable, may require significant modernization or updates to meet contemporary luxury standards and buyer expectations, implying additional investment.
High Entry Price Point: The list price of $5.15 million positions the property in a very exclusive market segment, potentially limiting the pool of prospective buyers.
Ongoing Maintenance Costs: A large 5996 sqft home on 1.38 acres will inherently incur substantial ongoing maintenance costs for both the extensive structure and the expansive grounds.
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