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1508 Miramar, Santa Barbara, CA 93108

$7.59M2bd · 4ba · 1,550 sqft
Lot 1,742 sqft•HOA $283/mo•Single Family Residence•
Active
•54d on market•MLS# 00-26985879

Property Description

Set directly on the sand at coveted Miramar Beach, this residence presents a rare opportunity to own one of Montecito's most prized forms of coastal real estate. Currently configured as a duplex, the property offers two private homes, each with one bedroom and two bathrooms, while also allowing the potential to be converted back into a single-family dwelling. Both homes capture sweeping ocean views and feature private entrances, upper and lower decks, bright interiors, updated modern kitchens, and fireplaces in the living rooms. A private gated entry, designated parking, and an outdoor shower add to the ease and privacy of this exceptional setting. Just moments from the iconic Rosewood Miramar Beach Hotel, with its celebrated dining, spa, and resort amenities, this offering provides an unparalleled combination of privacy, proximity, and effortless access to the best of Montecito's lifestyle. Whether envisioned as a sophisticated single-family retreat, a flexible dual-residence property, or an investment opportunity, its versatility is as compelling as the location itself. Secure a unique piece of the coast and spend mornings on the sand, evenings watching the sun set over the Pacific from your backyard, and enjoy beachfront living at its finest.

Features & Amenities

FeeBuilt 1957

Property Details

Land Type
Fee
Year Built
1957
Property Type
Residential
Property Subtype
Single Family Residence
Heating
Central
View
Ocean, White Water
City
Santa Barbara
Zip Code
93108
County
Santa Barbara
Listed byChristie's International Real Estate SoCal, Lucas Cintra

Mortgage Calculator

Current Rates

$
$
%
Monthly Payment
$38,404.45
Principal & Interest
Loan Amount
$6,076,000
Total Interest
$7,749,603
Total Payment Over 30 Years
$13,825,603
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

1508 Miramar, Santa Barbara, CA 93108

Santa Barbara · Single Family Residence

$7.59M
Luxury Tier
Beds
2
Baths
4
Sqft
1,550
Lot
1,742 sqft
Year
1957
$/Sqft
$4900
Pool: Yes✓
Spa: No✓
View: water✓

Listed 9.3% above the median closed sale of $6,946,500. Price per sqft ($4,900) is a 189% premium to closed comps ($1,698). Closed comps sold at 93% of list — buyers have negotiating leverage. Expect a longer timeline — comps averaged 193 days on market. Luxury tier — fewer comparable sales widen the confidence range.

Price Position

Positioned above the market — commands a premium.

Premium
Subject listed at $7.59M· $4,900/sqft
Total list price
Closed comps
vs closed median $7.00M
+$595K (+8.5%)
Active comps
vs active median $7.50M
+$100K (+1.3%)
Price per sqft
Closed compsinsufficient comp data
Active comps
vs active avg $/sqft $2,131
+$3K (+130.0%)

Active Properties (5)

Active Comparables

AddressCityYearBDBTHSqFtLotSzLP/SqFtLPDIMScore
540 El Bosque RoadSanta Barbara191354024,018$0$7.30M1240
195 Sheffield DriveMontecito1991454,07437,897$1,864$7.59M3435
275 Butterfly LaneSanta Barbara1925463,88323,087$2,131$8.28M1134
605 San Ysidro RoadSanta Barbara1920443,40545,738$1,997$6.80M3030
768 Winding Creek LaneMontecito1976332,96349,223$2,530$7.50M9423
Total: 5 · Average4.04.43,581.2535,992.6$2,130.5$7.49M36.2
Median3,883$7.50M

Closed Properties (4)

Closed Comparables

AddressCityYearDateBDBTHSqFtLotSzLPSPSP/SqFtSP/LPDIMScore
1399 School House RoadSanta Barbara199212/04/2025553,63740,511$6.95M$6.63M$1,8220.9515232
526 Crocker Sperry DriveMontecito198110/16/2026465,04156,628$8.50M$7.62M$1,5110.9044428
2010 Birnam Wood DriveSanta Barbara199106/09/2026464,16621,344$7.45M$6.89M$1,6550.9310626
1071 Mountain DriveSanta Barbara195408/28/2026443,87657,935$7.30M$7.00M$1,8060.967125
Total: 4 · Average4.35.34,18044,104.5$7.03M$7.03M$1,698.5—193.25
Median4,166$7.00M$7.00M

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.