940 Camino Viejo, Santa Barbara, CA 93108, Santa Barbara, 93108 - 4 bed, 3 bath
Loading property details...
940 Camino Viejo
Santa Barbara, CA 93108
ACTIVE
CONDITION: GOOD
4Beds
3Baths
2,058Sq Ft
45,302Lot Size
Property Price
LIST PRICE$3,495,000
EST. MARKET VALUE
$3,543,785
SUMMARY
This Mid-Century Modern Residence is a Strong Value Opportunity, listed at $3,495,000—positioned well below the $3,543,786 Fair Market Value by 1.38%. This valuation gap offers $48,786 in Instant Equity for the buyer. Featuring a Condition Rating of 3, the home is move-in ready with modern kitchen updates and a spacious 45,302 sqft lot. Its prestigious 93108 location and expansive outdoor patio provide significant lifestyle appeal. This property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a private, high-end Santa Barbara estate.
Estimated Market Value
$3,543,785
Based on Realkey algorithm analyzing recent comparable sales in Santa Barbara.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 940 Camino Viejo Subject | $3,495,000* List Price | 4 | 3 | 2,058 | $1,722 | - |
A 733 Woodland Drive Pending | $3,295,000 List Price | 3 | 2 | 2,034 | $1,620 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
Built in 1955 but features a clear mid-century modern renovation likely within the 5-15 year range. The kitchen is updated with modern cabinetry and a butcher block island, flooring appears consistent and newer throughout, and the property is well-maintained and move-in ready.
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 = 45302, living area = 2058.
- Prestigious Location
Situated in the highly coveted 93108 zip code of Santa Barbara, this property offers an elite address known for its exclusivity, privacy, and proximity to high-end amenities.
- Expansive Lot Size
Boasting a generous lot size of 45,302 square feet (over 1 acre), the property provides exceptional privacy, space for outdoor entertaining, and significant potential for expansion or landscaping.
CONSRISKS & DEFICIENCIES
- Dated Construction
Built in 1955, the home may require substantial modernization, remodeling, or structural updates to meet the expectations of today's luxury buyers.
- High Price per Square Foot
At a list price of $3,495,000 for 2,058 square feet of living space, the property commands a premium price per square foot, reflecting value heavily weighted in the land rather than the structure.
About 940 Camino Viejo
Exceptional opportunity in Santa Barbara. This spacious residence offers a versatile layout ideal for modern living. Situated on a quiet street in a highly desirable area.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1955
- Lot Size
- 45,302 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 3 (3 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 |
|---|---|---|
| Beds | 4.0 | 3.6 |
| Baths | 3.0 | 3.3 |
| Square foot | 2,058 | 2,905.353 |
| Lot Size | 45,302 | 21,805.412 |
| Price | $3.50M | $4.86M |
| Price per sq ft | $1.7K | $1.7K |
| Built year | 1955 | 1958 |
| HOA | $0 | $3.2K |
| Days on market | 29 | 84 |
Pricing History
Listed for Sale
Aug 11, 2026
$3,495,000
Initial Listing