549 Hot Springs Road
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549 HOT SPRINGS Road, Santa Barbara, CA 93108

$10.99M7bd · 7ba · 4,975 sqft
Lot 43,560 sqft•Single Family Residence•
Active
•146d on market•MLS# 00-26832861

Property Description

Romantic. Playful. Effortless. Inspired by the simplicity of a 1920s Andalusian hacienda, this single-level Golden Quadrangle compound recalls an earlier Montecito, where days unfold outdoors by the pool & life gathers around gardens, tables & courtyards. Beyond carved wooden doors, a secluded acre becomes a private village: morning coffee in the sun, afternoons on the lawn & shaded patios, evenings of long dinners, board games, & conversation under the trees. The 3BD/3.5BA main residence opens to the gardens, while a 2BD guest cottage & two detached studios offer privacy for guests, work, or creativity. Stay a little longer -- there's an open door policy!

Features & Amenities

FeeBuilt 1925

Property Details

Land Type
Fee
Year Built
1925
Property Type
Residential
Property Subtype
Single Family Residence
Heating
Forced Air
View
Mountain(s)
Flooring
Carpet, Tile
City
Santa Barbara
Zip Code
93108
County
Santa Barbara
Listed bySotheby's International Realty, Nancy Kogevinas

Mortgage Calculator

Current Rates

$
$
%
Monthly Payment
$55,596.70
Principal & Interest
Loan Amount
$8,796,000
Total Interest
$11,218,813
Total Payment Over 30 Years
$20,014,813
This calculator provides estimates only. Actual mortgage payments may include taxes, insurance, HOA fees, and PMI. Contact a lender for accurate quotes.

Comparative Market Analysis

Luxury Tier · 5 active · 4 closed

549 HOT SPRINGS Road, Santa Barbara, CA 93108

Santa Barbara · Single Family Residence

$10.99M
Luxury Tier
Beds
7
Baths
7
Sqft
4,975
Lot
43,560 sqft
Year
1925
$/Sqft
$2210
Pool: Yes✓
Spa: Yes✓
View: mountain✓

Listed 5.3% above the median closed sale of $10,446,500. Closed comps sold at 92% of list — buyers have negotiating leverage. Expect a longer timeline — comps averaged 175 days on market. Luxury tier — fewer comparable sales widen the confidence range.

Price Position

Priced below the market — value advantage over the field.

Price advantage
Subject listed at $10.99M· $2,210/sqft
Total list price
Closed comps
vs closed median $14.00M
−$3.00M (−21.5%)
Active comps
vs active median $10.75M
+$245K (+2.3%)
Price per sqft
Closed compsinsufficient comp data
Active comps
vs active avg $/sqft $2,537
−$327 (−12.9%)

Active Properties (5)

Active Comparables

AddressCityYearBDBTHSqFtLotSzLP/SqFtLPDIMScore
1381 Valley RoadSanta Barbara1954574,91744,867$2,339$11.50M9390
915 Camino MedioSanta Barbara2026664,20347,916$2,378$9.99M21967
663 Lilac DriveSanta Barbara1940594,38888,862$2,393$10.50M9661
1045 Via TranquilaSanta Barbara2023485,740118,048$2,961$17.00M6159
320 Ortega Ridge RoadSanta Barbara1999344,112121,097$2,614$10.75M9254
Total: 5 · Average4.66.84,67284,158$2,537$11.95M112.2
Median4,388$10.75M

Closed Properties (4)

Closed Comparables

AddressCityYearDateBDBTHSqFtLotSzLPSPSP/SqFtSP/LPDIMScore
2010 Birnam Wood DriveSanta Barbara199106/09/2026464,16621,344$7.45M$6.89M$1,6550.9310570
1060 Ladera LaneSanta Barbara199109/15/2026465,3161,986,336$3.95M$3.77M$7100.969861
650 San Ysidro RoadSanta Barbara195108/06/2026344,080118,048$14.99M$14.00M$3,4310.9340654
4295 Marina DriveSanta Barbara195307/07/2026585,042144,184$18.95M$16.45M$3,2630.879045
Total: 4 · Average4.06.04,651567,478$10.28M$10.28M$2,264.75—174.75
Median5,042$14.00M$14.00M

Market Analysis

List vs Sale $/SqFt

Sale Price Trend

Days on Market

Sale vs List Price

AI-generated CMA

This analysis was generated automatically from MLS data. For an in-depth, human-reviewed valuation, contact Joseph Sardella at josephsardella@gmail.com.