969 Miramonte Drive Unit 5, Santa Barbara, CA 93109, Santa Barbara, 93109 - 2 bed, 2 bath
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969 Miramonte Drive Unit 5
Santa Barbara, CA 93109
ACTIVE
CONDITION: GOOD
2Beds
2Baths
1,120Sq Ft
0Lot Size
Property Price
LIST PRICE$900,000
EST. MARKET VALUE
$922,354
SUMMARY
This Turnkey Condominium represents a Prime Investment Opportunity, listed at a List Price of $900,000—positioned well below the $922,355 Fair Market Value by 2%. This valuation gap provides $22,355 in Instant Equity for the buyer. Featuring a Condition Rating of 3, the unit includes recent luxury vinyl flooring and fresh paint. Residents enjoy resort-style amenities, including a community pool, spa, and sauna. This property is an ideal acquisition for Owner-Occupants or first-time buyers seeking a move-in ready Mesa lifestyle.
Estimated Market Value
$922,354
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 |
|---|---|---|---|---|---|---|
★ 969 Miramonte Drive Unit 5 Subject 2 bd · 2 ba · 1,120 sqft · $824 | $900,000* List Price | 2 | 2 | 1,120 | $824 | - |
A 1031 Miramonte Drive 2 Sold 2 bd · 2 ba · 1,080 sqft · $903 · 0.0 mi | $975,000 | 2 | 2 | 1,080 | $903 | 0.0 mi |
B 984 Miramonte Drive 4 Pending 2 bd · 2 ba · 1,104 sqft · $859 · 0.1 mi | $948,700 List Price | 2 | 2 | 1,104 | $859 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
Although built in 1973, the property is well-maintained and move-in ready following recent cosmetic updates including new luxury vinyl flooring, new carpeting, and fresh interior paint. While the kitchen and baths likely retain older layouts, the addition of a newer stove and the clean condition of the living areas meet the criteria for a functional, updated residence.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Location and Value
Located in the highly desirable Mesa area of Santa Barbara, this property offers a rare opportunity to secure a move-in ready home for under $1 million in a premium coastal market.
- Turnkey Interior Updates
The condo features significant recent improvements, including new luxury vinyl flooring, new carpeting, fresh paint, and a newer stove, ensuring a modern feel for the next owner.
- Extensive Community Amenities
Residents have access to a robust suite of amenities including a community pool, hot tub, clubhouse, and sauna, providing a resort-like lifestyle within The Highlands complex.
CONSRISKS & DEFICIENCIES
- High Monthly HOA Fees
The monthly association fee of $640 is a substantial recurring cost that may impact the overall affordability and debt-to-income ratio for some buyers.
- Aging Infrastructure
Built in 1973, the property may possess older plumbing, electrical systems, or common area elements that could necessitate future assessments or maintenance compared to newer builds.
About 969 Miramonte Drive Unit 5
Welcome to the best The Highlands have to offer! This highly sought after 2 bed 2 bath, 1120 sq. ft., move in ready condo is looking for its next owner. New luxury vinyl downstairs and new carpet upstairs. Freshly painted and a newer stove has been installed. Close to the community pool, hot tub, clubhouse and sauna. Enjoy the Mesa lifestyle for under 1 million. https://listing.upmarket.media/sites/qnnavoa/unbranded
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1973
- Lot Size
- -
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $640 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.3 |
| Baths | 2.0 | 2.3 |
| Square foot | 1,120 | 1,467 |
| Lot Size | - | 1,962 |
| Price | $900.0K | $3.00M |
| Price per sq ft | $804 | $1.8K |
| Built year | 1973 | 1979 |
| HOA | $640 | $1.4K |
| Days on market | 7 | 23 |
Pricing History
Listed for Sale
Oct 17, 2026
$900,000
Initial Listing
Sold
Jan 20, 2021
$653,000
Public Record
Sold
May 4, 2018
$585,000
Public Record
Sold
Oct 8, 2003
$460,000
Public Record
Sold
Oct 11, 2000
$290,000
Public Record