947 Palermo Drive, SANTA BARBARA, CA 93105, SANTA BARBARA, 93105 - 4 bed, 3 bath

947 Palermo Drive, SANTA BARBARA, CA 93105 home-pic-0

947 Palermo Drive

SANTA BARBARA, CA 93105

ACTIVE
CONDITION: EXCELLENT
4Beds
3Baths
2,494Sq Ft
7,405.2Lot Size

Property Price

LIST PRICE$3,195,000
EST. MARKET VALUE
$2,986,245
6% AboveMARKET VALUE

SUMMARY

Estimated Market Value

$2,986,245
Based on Realkey algorithm analyzing recent comparable sales in SANTA BARBARA.

Condition Analysis

OVERALL CONDITION SCORE

Excellent
TeardownExcellent

Property is new construction or fully renovated.

Although originally built in 1959, the property has undergone a comprehensive, high-end renovation within the last few years, meeting the criteria for 'excellent' condition. The home features a brand-new kitchen with premium stainless steel appliances and marble countertops, completely updated bathrooms, new wide-plank flooring, and modern light fixtures throughout. Additionally, the listing confirms significant infrastructure upgrades to the HVAC, electrical, and plumbing systems, ensuring no deferred maintenance and a turnkey experience.

PROSSTRENGTHS & OPPORTUNITIES

  • Turnkey Renovation

    The home has been substantially remodeled with high-end finishes, including a new kitchen, modern bathrooms, and updated flooring, offering a move-in-ready experience.

  • Flexible Floor Plan

    With three bedrooms on the main level and a private upstairs en suite, the layout accommodates multi-generational living, a home office, or a secluded primary retreat.

  • Indoor-Outdoor Integration

    Vaulted ceilings and folding glass doors create a seamless transition to the expansive dining patio and newly landscaped yard, perfect for the Santa Barbara lifestyle.

CONSRISKS & DEFICIENCIES

  • MLS Listing Discrepancy

    Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 5.

  • Modest Lot Size

    At approximately 7,405 square feet, the lot size is relatively compact for the $3M+ price point, which may limit extensive outdoor expansion or privacy.

  • 1950s Footprint

    Despite the modern renovation, the home’s 1959 origins may result in smaller secondary bedroom dimensions compared to contemporary custom builds.

About 947 Palermo Drive

Set within Santa Barbara's peaceful Hidden Valley neighborhood, this beautifully renovated home offers a rare blend of turnkey ease, flexible living, and prime proximity to nature and the coast. Substantially remodeled with new flooring, a new kitchen, new bathrooms, updated HVAC, electrical, plumbing, and more, the stylish residence features a versatile floor plan with three bedrooms on the main level, a dedicated office, and a private upstairs en suite guest bedroom that also readily serves as a serene primary retreat. With nearly ±2,500 square feet of living space, the home's layout is easily adaptable to a variety of lifestyles. Inside, the home is light and bright, with every room both functional and inviting. Vaulted ceilings in the living and dining areas create an open, airy ambiance, complemented by a cozy fireplace and folding glass doors that open to the outdoor patio. The brand-new kitchen features high-end appliances and a breakfast bar, well-equipped for both everyday living and special gatherings. Spacious bedrooms on the main level allow for effortless single-level living, while the comfortably separated upstairs bedroom suite offers a luxurious bath, walk-in closet, and a private balcony overlooking the backyard. A dedicated laundry area on the main level and an attached two-car garage complete the home's convenient floor plan. Outside, new landscaping, a vibrant lawn, and an expansive dining patio create the perfect setting for entertaining or enjoying quiet moments at home. Located just steps from Palermo green space, the Las Positas bike path, Hendry's Beach, and more, this home offers a seamless connection to Santa Barbara's amenities and its coveted outdoor lifestyle. Don't miss out on an exceptional opportunity to enjoy comfort, flexibility, and location in this attractive offering!

Property Details

Public Facts

Property Type
Single Family Residence
Year Built
1959
Lot Size
7,405.2 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

FeatureSubjectAverage HomeNeighborhood Ranking (50 Listings)
Beds4.03.0
61%
Baths3.03.0
50%
Square foot2,4941,967
75%
Lot Size7,405.210,018.8
34%
Price$3.19M$2.19M
81%
Price per sq ft$1.3K$1.1K
74%
Built year19591959
50%
HOA$0$0
50%
Days on market61192
12%

Pricing History

Listed for Sale

Jan 22, 2026

$3,195,000

$3,495,000

-9% Price Drop

Initial Listing

Price Change

Jan 5, 2026

$3,495,000

Initial Listing

Sold

Dec 21, 2021

$1,760,000

Public Record

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