965 W Mountain Drive, SANTA BARBARA, CA 93103, SANTA BARBARA, 93103 - 1 bed, 2 bath
ACTIVE$4,495,000$1,296/sqft
965 W Mountain Drive, SANTA BARBARA, CA 93103
1Bed
2Baths
1,296Sqft
449,523Lot
Price Vs. Estimate
Estimation data not available
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 = 449523, living area = 1296.
Top Cons:
MLS Listing Discrepancy: Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =449523, other record lot size in square feet = 449103.
Compared to the nearby listings
Price:$4.50M vs avg $2.13M (+$2,364,000)97%
Size:1,296 sqft vs avg 1,475 sqft38%
Price/sqft:$3.5K vs avg $79197%
More Insights
Built in 2005 (21 years old).
Condition: The property, built in 2005, falls within the 'Good' condition criteria for its age (10-20 years). The listing describes it as a 'newer home' and 'Custom Spanish-style home and a large workshop equally well constructed,' suggesting a well-maintained and quality build. While no interior images of the kitchen or bathrooms are provided to assess their specific condition, style, or features, the overall description and exterior appearance indicate a property that is likely move-in ready with functional systems within their expected lifespan, consistent with a 'Good' rating.
Year Built
2005
Close
-
List price
$4.5M
Original List price
-
Price/Sqft
$3,468
HOA
$0
Days on market
-
Sold On
-
MLS number
25-2307
Home ConditionGood
Features
Excellent View:
View-
About this home
A newer home and shop on 10.31 acres of rolling meadows and stunning coastline, island, and mountain views. Beauty Beyond Words: Spectacular & majestic gated estate on Mountain Drive. A wide driveway ascends gracefully to a Custom Spanish-style home and a large workshop equally well constructed. The property includes a 2'' ag water meter, 1'' domestic meter, and 3-phase power. An active permit is in place for a 1,500 sq ft addition by a noted architect. A rare lifestyle opportunity on ''The Drive'' with easy access to Montecito and phenomenal views in every direction.
R
Robert Heckes
Listing Agent
Condition Rating
Good
The property, built in 2005, falls within the 'Good' condition criteria for its age (10-20 years). The listing describes it as a 'newer home' and 'Custom Spanish-style home and a large workshop equally well constructed,' suggesting a well-maintained and quality build. While no interior images of the kitchen or bathrooms are provided to assess their specific condition, style, or features, the overall description and exterior appearance indicate a property that is likely move-in ready with functional systems within their expected lifespan, consistent with a 'Good' rating.
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 = 449523, living area = 1296.
Unparalleled Views & Prestigious Location: Stunning coastline, island, and mountain views from a majestic gated estate on the highly sought-after Mountain Drive, offering easy access to Montecito.
Significant Acreage & Privacy: Expansive 10.31-acre property with rolling meadows, providing exceptional privacy and space for a luxury estate.
Approved Expansion Potential: Active permit in place for a substantial 1,500 sq ft addition by a noted architect, offering immediate opportunity for customization and value enhancement.
Superior Utility Infrastructure: Equipped with a 2'' agricultural water meter, 1'' domestic meter, and 3-phase power, supporting diverse property uses and future development.
Modern Custom Spanish-Style Home & Workshop: A newer (2005) custom Spanish-style home complemented by a well-constructed large workshop, providing quality existing structures.
Cons
MLS Listing Discrepancy: Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =449523, other record lot size in square feet = 449103.
Modest Current Residence Size: The existing home is a relatively small 1,296 sq ft with 1 bedroom, which may not meet the expectations for a primary residence at this price point and acreage.
High Initial Investment for Full Realization: While offering expansion potential, the property requires significant additional investment to build out the permitted addition or a larger main residence to fully capitalize on its estate potential.
Limited Buyer Pool: The high list price of $4.495 million, coupled with the need for further development, targets a very specific and limited buyer demographic.