965 W Mountain Drive, SANTA BARBARA, CA 93103, SANTA BARBARA, 93103 - 1 bed, 2 bath
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SANTA BARBARA, CA 93103
Analysis of 965 W Mountain Drive, SANTA BARBARA, CA 93103 is currently available with a list price of $4,395,000. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. 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.
Property is move-in ready.
Built in 2004, the property is 20 years old, placing it in the 'Good' category. The listing features a well-maintained guest residence and a state-of-the-art workshop with updated infrastructure including 3-phase power and agricultural water meters. The exterior and grounds are in excellent condition, appearing move-in ready and functional.
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.
A rare 10-acre parcel within Santa Barbara city limits offering breathtaking, unobstructed panoramic views of the Pacific Ocean, Channel Islands, and the Santa Barbara coastline.
The property is exceptionally well-prepared with a gated drive, 3-phase power, and dual water meters (agricultural and domestic), significantly reducing the cost and complexity of future development.
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.
The current 1-bedroom guest residence is modest in size relative to the price point, making the property primarily a development project rather than a move-in ready primary estate.
While infrastructure is in place, any expansion or new construction remains subject to City of Santa Barbara approvals, which can be a rigorous and time-consuming process.
Ten Acre Ocean View Property: Previously entitled for a 6,673± sq ft estate compound incl residence, garage, decks, and pool. The property currently features a newer guest residence, state of the art workshop, extensive infrastructure, and active expansion plans, representing a rare largescale coastal estate property within Santa Barbara city limits. A beautifully engineered gated drive curves through meadows, pepper trees and palms, arriving at sweeping mountain, coastline, and island views that unfold across the property beneath Gibraltar and a panorama of Santa Barbara's front country, framed by majestic scenery and a remarkable sense of scale and drama. Substantial infrastructure includes 3-phase power, a 2-inch agricultural water meter, 1-inch domestic water meter supporting agricultural, creative, and workshop uses. With substantial groundwork already completed, the property offers a compelling blend of privacy, utility, scale, and flexibility within Santa Barbara city limits. The parcel's size, infrastructure, and existing access configuration may also present additional estate planning or development opportunities, subj to City approvals. A rare lifestyle opportunity on Mountain Drive with convenient access to Montecito, the Upper East, and downtown Santa Barbara.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 1.0 | 3.0 | 11% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,296 | 1,797 | 42% |
| Lot Size | 449,523 | 10,454.4 | 95% |
| Price | $4.39M | $3.00M | 74% |
| Price per sq ft | $3.4K | $1.7K | 89% |
| Built year | 2004 | 1929 | 89% |
| HOA | $0 | $0 | 50% |
| Days on market | 44 | 197 | 5% |
Apr 30, 2026
$4,395,000
Initial Listing