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663 Lilac Drive, Santa Barbara, CA 93108

$10.5M5bd · 9ba · 4,388 sqft
Lot 88,862 sqft•Single Family Residence•
Active
•119d on market•MLS# 00-26855959

Property Description

Thoughtfully refreshed and beautifully renewed, this Cape Cod-inspired Montecito estate offers an elevated expression of East Coast character and coastal California living on more than 2 ocean and mountain view acres. Recent improvements, including fresh paint, updated finishes, enhanced garden fencing, and a refreshed presentation throughout, add a renewed sense of polish while preserving the home's timeless architectural character. A long-gated drive leads through mature trees and landscaped grounds to the shingled residence, where a columned entry and expansive stone motor court set a gracious tone. Inside, soaring ceilings, polished wood floors, detailed millwork, arched passageways, and abundant natural light create a warm and refined atmosphere. The living room makes a memorable impression with its vaulted ceiling, mezzanine balcony, fireplace, built-in window seating, and outlooks that carry across the gardens toward the ocean. The formal dining room features a fireplace, graceful windows, and French doors opening to the wraparound veranda. Nearby, the kitchen offers an inviting setting with new high-end appliances, generous cabinetry, a center island, skylights, and an easy connection to the home's everyday living spaces. The floor plan includes two-bedroom suites on the main level, a lower-level room for additional living, work, or leisure, and a private upstairs primary suite with a fireplace, sitting area, intimate loggia, dual closets, and treetop views toward the ocean and islands. Beyond the main residence, the estate includes a studio above the two-car garage, a separate guest cottage, and a storybook treehouse. Lush lawns, native boulders, mature trees, flowering gardens, exotic plantings, and rare botanical specimens surround a crescent-shaped pool with in-pool spa and a covered dining pergola with built-in grill. Altogether, the estate offers a rare sense of privacy, character, and ease, with layered gardens, ocean-view moments, and inviting spaces for both refined entertaining and relaxed everyday living.

Features & Amenities

FeeBuilt 1940

Property Details

Land Type
Fee
Year Built
1940
Property Type
Residential
Property Subtype
Single Family Residence
Heating
Forced Air
Cooling
Central Air
View
Mountain(s), Ocean
Flooring
Wood
City
Santa Barbara
Zip Code
93108
County
Santa Barbara
Listed byBerkshire Hathaway HomeServices California Properties, Cristal Clarke

Mortgage Calculator

Current Rates

$
$
%
Monthly Payment
$53,093.71
Principal & Interest
Loan Amount
$8,400,000
Total Interest
$10,713,737
Total Payment Over 30 Years
$19,113,737
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 · 5 closed

663 Lilac Drive, Santa Barbara, CA 93108

Santa Barbara · Single Family Residence

$10.5M
Luxury Tier
Beds
5
Baths
9
Sqft
4,388
Lot
2.04 ac
Year
1940
$/Sqft
$2393
Pool: Yes✓
Spa: Yes✓
View: mountain✓

Listed in line with the median closed sale of $10,700,000. Closed comps sold at 95% of list — buyers have negotiating leverage. Luxury tier — fewer comparable sales widen the confidence range.

Price Position

Aligned with the market — fair pricing for the comps.

At market
Subject listed at $10.50M· $2,393/sqft
Total list price
Closed comps
vs closed median $10.70M
−$200K (−1.9%)
Active comps
vs active median $10.88M
−$375K (−3.4%)
Price per sqft
Closed compsinsufficient comp data
Active comps
vs active avg $/sqft $2,574
−$181 (−7.0%)

Active Properties (5)

Active Comparables

AddressCityYearBDBTHSqFtLotSzLP/SqFtLPDIMScore
320 Ortega Ridge RoadSanta Barbara1999344,112121,097$2,614$10.75M11466
610 Olive RoadSanta Barbara1964543,61135,719$3,012$10.88M7960
204 Olive Mill RoadMontecito2026564,99848,000$2,351$11.75M6158
549 HOT SPRINGS RoadSanta Barbara1925774,97543,560$2,009$9.99M16456
11 Hunt DriveSummerland1992344,157219,107$2,885$11.99M3146
Total: 5 · Average4.65.04,370.693,496.6$2,574.2$11.07M89.8
Median4,157$10.88M

Closed Properties (5)

Closed Comparables

AddressCityYearDateBDBTHSqFtLotSzLPSPSP/SqFtSP/LPDIMScore
1574 Green LaneMontecito192605/12/2026775,55656,628$11.25M$11.45M$2,0611.022960
2076 China Flat RoadSanta Barbara198106/26/2026354,06243,560$11.85M$10.70M$2,6340.907855
965 Park LaneSanta Barbara198907/20/2026444,051224,770$10.70M$10.66M$2,6331.002848
2820 Torito RoadSanta Barbara201204/22/2026467,00671,438$11.75M$10.10M$1,4420.863648
1623 Posilipo LaneSanta Barbara193211/07/20253308,276$12.50M$11.95M$00.967643
Total: 5 · Average4.25.05,168.7580,934.4$10.97M$10.97M$2,192.5—49.4
Median5,556$10.70M$10.70M

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.