$3,575,000
Original price: $3,875,000
7 Beds
6 Baths
3,600 sqft
321 E Micheltorena St, Santa Barbara, CA 93101
Est. Mortgage $21,585/mo*
Get Pre-QualifiedHome Highlights
Single-Family Home
Built in 2021
$993/sqft
Garage
Local Information
- Map ViewExplore the area around 321 E Micheltorena St.
- Schools1 Elementary School1 Middle School1 High School
- Shop & Eat
-- mins to
About this House
Behind the timeless façade of a beautifully restored 1920s Craftsman lies one of Santa Barbara's most unique and compelling residential offerings. Rich in architectural character and thoughtfully enhanced for modern living, this exceptional luxury compound seamlessly blends the romance of a bygone era with the sophistication, flexibility, and income potential rarely found. Situated on one of downtown's desirable tree-lined streets, the property enjoys an enviable location just moments from Alameda Park, Alice Keck Park Memorial Gardens, Kids World, the Santa Barbara Courthouse, State Street, theaters, restaurants, cafés, boutique shopping, and countless cultural attractions Few locations offer such effortless access to the very best of Santa Barbara while still maintaining the charm and tranquility of a classic residential neighborhood. Leave the car behind and enjoy the convenience of one of the city's most walkable and beloved locations.
At the heart of the property is a meticulously restored 1920s Craftsman residence that embodies the warmth, craftsmanship, and enduring appeal that have made these homes among Santa Barbara's most cherished architectural treasures. A welcoming front porch invites neighbors and guests alike, creating the perfect setting for morning coffee, afternoon conversations, and the simple enjoyment of life in one of Santa Barbara's most desirable neighborhoods. Period inspired architectural details, custom built-ins, rich wood accents, high ceilings, and beautifully preserved character elements evoke a time when homes were built with artistry, attention to detail, and a sense of permanence.
Thoughtfully restored and extensively modernized, the residence successfully marries historic charm with contemporary convenience. Spacious living and dining areas flow effortlessly together, creating inviting spaces for everyday living and entertaining. The thoughtfully designed kitchen offers quality finishes and modern functionality while remaining true to the home's architectural heritage. Throughout the residence, careful restoration and meaningful upgrades have preserved the soul of the home while elevating it to today's standards of comfort and livability.
Just beyond the main house and completed circa 2020, two luxury residences have transformed the property into a legacy compound. Each approximately 1,000 square feet and offering two bedrooms and two bathrooms, these beautifully designed homes feature contemporary architecture, open-concept living spaces, abundant natural light, and premium finishes throughout.
What truly distinguishes these residences are their rooftop entertaining decks, thoughtfully designed to embrace the surrounding beauty.
From these elevated vantage points, residents enjoy sweeping vistas of the Riviera that create an ever changing backdrop throughout the day. Whether enjoying a quiet morning sunrise, entertaining guests beneath colorful coastal sunsets, or relaxing under the stars, these rooftop retreats deliver a lifestyle experience seldom found in downtown Santa Barbara.
With high annual gross rental income, the compound presents a remarkable opportunity for investors seeking strong cash flow in one of California's most desirable coastal communities. Equally compelling for owner-users, the property offers the ability to reside within a beautifully restored historic residence while benefiting from substantial supplemental income. The flexible configuration is ideally suited for multi-generational living, extended family use, guest accommodations, live/ work arrangements, or those seeking a rare combination of lifestyle and financial performance.
Unlike traditional multifamily properties, this offering is defined not simply by income, but by its extraordinary blend of history, architecture, location, design, and versatility. Opportunities to acquire a fully restored historic Craftsman paired with two newer luxury residences are exceptionally rare. Even rarer are properties that successfully combine architectural significance, modern construction, rooftop view decks, meaningful income potential, walkability, and downtown convenience within one cohesive and turnkey ownership opportunity.
The property's unique combination of a thoughtfully restored historic residence and two newer-built luxury homes, create a level of confidence rarely found in comparable offerings.
Unlike much of Santa Barbara's older housing inventory, the compound benefits from modern construction, updated systems, and significantly reduced deferred maintenance concerns, allowing owners to enjoy the character and charm of a classic Craftsman while benefiting from the efficiencies and peace of mind typically associated with newer construction.
At the heart of the property is a meticulously restored 1920s Craftsman residence that embodies the warmth, craftsmanship, and enduring appeal that have made these homes among Santa Barbara's most cherished architectural treasures. A welcoming front porch invites neighbors and guests alike, creating the perfect setting for morning coffee, afternoon conversations, and the simple enjoyment of life in one of Santa Barbara's most desirable neighborhoods. Period inspired architectural details, custom built-ins, rich wood accents, high ceilings, and beautifully preserved character elements evoke a time when homes were built with artistry, attention to detail, and a sense of permanence.
Thoughtfully restored and extensively modernized, the residence successfully marries historic charm with contemporary convenience. Spacious living and dining areas flow effortlessly together, creating inviting spaces for everyday living and entertaining. The thoughtfully designed kitchen offers quality finishes and modern functionality while remaining true to the home's architectural heritage. Throughout the residence, careful restoration and meaningful upgrades have preserved the soul of the home while elevating it to today's standards of comfort and livability.
Just beyond the main house and completed circa 2020, two luxury residences have transformed the property into a legacy compound. Each approximately 1,000 square feet and offering two bedrooms and two bathrooms, these beautifully designed homes feature contemporary architecture, open-concept living spaces, abundant natural light, and premium finishes throughout.
What truly distinguishes these residences are their rooftop entertaining decks, thoughtfully designed to embrace the surrounding beauty.
From these elevated vantage points, residents enjoy sweeping vistas of the Riviera that create an ever changing backdrop throughout the day. Whether enjoying a quiet morning sunrise, entertaining guests beneath colorful coastal sunsets, or relaxing under the stars, these rooftop retreats deliver a lifestyle experience seldom found in downtown Santa Barbara.
With high annual gross rental income, the compound presents a remarkable opportunity for investors seeking strong cash flow in one of California's most desirable coastal communities. Equally compelling for owner-users, the property offers the ability to reside within a beautifully restored historic residence while benefiting from substantial supplemental income. The flexible configuration is ideally suited for multi-generational living, extended family use, guest accommodations, live/ work arrangements, or those seeking a rare combination of lifestyle and financial performance.
Unlike traditional multifamily properties, this offering is defined not simply by income, but by its extraordinary blend of history, architecture, location, design, and versatility. Opportunities to acquire a fully restored historic Craftsman paired with two newer luxury residences are exceptionally rare. Even rarer are properties that successfully combine architectural significance, modern construction, rooftop view decks, meaningful income potential, walkability, and downtown convenience within one cohesive and turnkey ownership opportunity.
The property's unique combination of a thoughtfully restored historic residence and two newer-built luxury homes, create a level of confidence rarely found in comparable offerings.
Unlike much of Santa Barbara's older housing inventory, the compound benefits from modern construction, updated systems, and significantly reduced deferred maintenance concerns, allowing owners to enjoy the character and charm of a classic Craftsman while benefiting from the efficiencies and peace of mind typically associated with newer construction.
Home Details for 321 E Micheltorena St
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MLS Status: Active |
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Beds & Baths Number of Bedrooms: 7Number of Bathrooms: 6Number of Bathrooms (full): 6 |
Dimensions and Layout Living Area: 3600 Square Feet |
Appliances & Utilities Utilities: Underground UtilitiesAppliances: Refrigerator, Dishwasher, Disposal, Gas Cooktop, WasherDishwasherDisposalLaundry: Laundry RoomRefrigeratorWasher |
Heating & Cooling Heating: Forced AirHas HeatingHeating Fuel: Forced Air |
Fireplace & Spa Fireplace: Living RoomHas a Fireplace |
Windows, Doors, Floors & Walls Flooring: Hardwood |
Levels, Entrance, & Accessibility Levels: Single Story, TwoFloors: Hardwood |
View Has a ViewView: Mountain(s), City |
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Exterior Home Features Roof: CompositionPatio / Porch: Rooftop Deck, Porch, Front PorchFencing: Back YardOther Structures: Second ResidenceExterior: Lawn, Yard Irrigation PRT, Drought Tolerant LNDFoundation: MixedLawn |
Parking & Garage Number of Garage Spaces: 3Number of Covered Spaces: 3GarageNo Attached GarageParking Spaces: 3Parking: Garage |
Surface & Elevation Topography: Level |
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Cumulative Days on Market: 40Days on Market: 44 |
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Year Built Year Built: 2021 |
Property Type / Style Property Type: ResidentialProperty Subtype: Single Family ResidenceArchitecture: Craftsman |
Building Construction Materials: Vinyl Siding |
Property Information Condition: ExcellentParcel Number: 027251014 |
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Price List Price: $3,575,000Price Per Sqft: $993 |
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Direction & Address City: SANTA BARBARACommunity: 15 or 20 - Downtown |
School Information Elementary School: RooseveltJr High / Middle School: S.B. Jr.High School: S.B. Sr. |
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Listing Agent Listing ID: 26-2052 |
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Building Area Building Area: 3600 Square Feet |
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Community Features: Street Lights |
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Lot Area: 6534 sqft |
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Listing Terms: Cash |
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Mls Number: 26-2052 |
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Street Lights |
Around this home
Neighborhood Overview
Neighborhood stats provided by third party data sources.
What Locals Say about Upper East
At least 13 Trulia users voted on each feature.
93 % Say it's walkable to restaurants
85 % Say it's dog friendly
78 % Say there are sidewalks
77 % Say it's walkable to grocery stores
71 % Say parking is easy
69 % Say people would walk alone at night
63 % Say they plan to stay for at least 5 years
62 % Say it's quiet
59 % Say car is needed
56 % Say yards are well-kept
56 % Say there's holiday spirit
52 % Say neighbors are friendly
47 % Say streets are well-lit
45 % Say kids play outside
23 % Say there's wildlife
20 % Say there are community events
Sourced by Trulia users. Learn more about our methodology.
Market trends in Santa Barbara
Last updated July 2026
Avg. sale price
$1.77M
$107KMoM
Sale-to-List Price
98.7%
0.1%MoM
Price per sq ft
$1.18K
$21MoM
Available listings
231
11MoM
Home Value
Trulia Estimate
$3.48MSince last month
Decreased$238K (-6.4%)Since last year
Increased$700K (+25.1%)Since last sale
Increased$2M (+178.6%)Learn more about this home's value by checking out its Trulia Estimate, the value of nearby homes, and how much similar homes have sold for.
Trulia Estimate
The of this home's value increased by +216% in the last 10 years
| Month | Estimated value |
|---|---|
2026 | |
| September 2026 | $3.48M |
| August 2026 | $3.4M |
| July 2026 | $3.72M |
| June 2026 | $3.84M |
| May 2026 | $2.84M |
| April 2026 | $2.81M |
| March 2026 | $2.86M |
| February 2026 | $2.79M |
| January 2026 | $2.73M |
2025 | |
2024 | |
2023 | |
2022 | |
2021 | |
2020 | |
2019 | |
2018 | |
2017 | |
2016 | |
Comparable sales
These are recently sold homes that have a similar location or other similar features to this home, like bedrooms, bathrooms, and square footage. Get a sense of the expected prices in the area by viewing these homes.Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
|---|---|---|---|---|---|---|---|
0.31 | Single-Family Home | $1,953,553 | 01/27/26 | 5 | 3 | 2,320 | |
0.18 | Single-Family Home | $1,950,000 | 08/21/26 | 3 | 2.5 | 2,974 | |
0.10 | Single-Family Home | $1,587,500 | 06/26/26 | 3 | 2.5 | 2,014 | |
0.36 | Single-Family Home | $2,921,000 | 09/25/25 | 4 | 4 | 3,080 | |
0.53 | Single-Family Home | $1,850,000 | 06/29/26 | 4 | 4 | 2,725 | |
0.24 | Single-Family Home | $2,080,500 | 08/31/26 | 4 | 2 | 1,921 | |
0.67 | Single-Family Home | $2,121,500 | 08/07/26 | 5 | 3 | 3,045 | |
0.35 | Single-Family Home | $1,857,500 | 07/29/26 | 3 | 2 | 1,963 | |
0.42 | Single-Family Home | $1,995,000 | 03/25/26 | 3 | 3 | 2,568 | |
0.45 | Single-Family Home | $3,200,000 | 06/11/26 | 5 | 4 | 3,432 |
Nearby home prices
Get a sense of expected prices in the area by checking the value of nearby homes.Address | Distance | Price | Bed | Bath | Sqft | Status |
|---|---|---|---|---|---|---|
0.02 | $1,374,100 | 2 | 2 | 1,044 | Off Market | |
0.06 | $1,850,000 | 2 | 2.5 | 1,497 | Recently Sold | |
0.07 | $2,142,800 | 4 | 3 | 2,140 | Off Market | |
0.08 | $1,725,000 | 2 | 2.5 | 1,338 | Recently Sold | |
0.08 | $1,633,000 | 2 | 2.5 | 1,338 | Off Market | |
0.04 | $8,327,100 | 20 | 19 | 8,447 | Off Market | |
0.09 | $2,277,100 | 3 | 5 | - | Off Market | |
0.09 | $3,350,000 | 14 | 10 | 6,400 | Recently Sold | |
0.10 | $1,300,000 | 1 | 1.5 | 1,049 | Recently Sold | |
0.10 | $2,305,700 | 1 | 1 | - | Off Market | |
0.12 | $2,095,200 | 3 | 2 | 1,326 | Off Market |
Price and Tax history
| Date | Event | Price |
|---|---|---|
Aug 20, 2026 Source: SBMLS #26-2052 | PriceChange | $3,575,000 Price decreased by 8% |
Aug 9, 2026 Source: SBMLS #26-2052 | PendingToActive | $3,875,000 |
Jul 20, 2026 Source: SBMLS #26-2052 | Contingent | $3,875,000 |
Jun 22, 2026 Source: SBMLS #26-2051 | Listed For Sale | $3,875,000 |
Sep 13, 2024 Source: Zillow Rentals | ListingRemoved | $5,850 |
Aug 14, 2024 Source: Zillow Rentals | Listed For Rent | $5,850 |
Sep 24, 2023 Source: Zillow Rentals | ListingRemoved | |
Aug 4, 2023 Source: Zillow Rentals | Listed For Rent | $6,000 |
Aug 25, 2022 Source: Zillow Rental Manager | ListingRemoved | |
Aug 3, 2022 Source: Zillow Rental Manager | PriceChange | $5,500 Price decreased by 7% |
Jun 28, 2022 Source: Zillow Rental Manager | Listed For Rent | $5,900 |
May 6, 2019 Source: Agent Provided | ListingRemoved | $4,500 |
Apr 2, 2019 Source: Agent Provided | Listed For Rent | $4,500 |
Dec 20, 2018 Source: Agent Provided | ListingRemoved | $4,200 |
Dec 5, 2018 Source: Agent Provided | Listed For Rent | $4,200 |
Nov 14, 2018 Source: SBMLS #18-2622 | Sold | $1,250,000 |
Sep 5, 2018 Source: Agent Provided | Pending | $1,295,000 |
Sep 5, 2018 Source: Agent Provided | PendingToActive | $1,295,000 |
Sep 2, 2018 Source: Agent Provided | Pending | $1,295,000 |
Sep 2, 2018 Source: Agent Provided | PendingToActive | $1,295,000 |
Aug 24, 2018 Source: Agent Provided | Pending | $1,295,000 |
Aug 23, 2018 Source: Agent Provided | PendingToActive | $1,295,000 |
Aug 17, 2018 Source: Agent Provided | Pending | $1,295,000 |
| Year | Property tax | Tax assessment |
|---|---|---|
| 2026 | Unavailable | $2,342,347 |
Home facts updated by county records
LGBTQ Local Legal Protections
LGBTQ Local Legal Protections
Jon Mahoney, Keller Williams Realty Santa Barbara
Agent Phone: (805) 689-0532
This information is being provided for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties that you may be interested in purchasing. Data relating to real estate for sale on this Website comes from the Internet Data Exchange Program of the Santa Barbara Multiple Listing Service. All information is deemed reliable, but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither the Santa Barbara Multiple Listing Service nor the listing broker(s) shall be responsible for any typographical errors, misinformation, or misprints.
Copyright 2026 Santa Barbara Multiple Listing Service. All rights reserved.
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Frequently asked questions about 321 E Micheltorena St
- What is the estimated monthly payment for 321 E Micheltorena St?Based on a $3,575,000 list price with 20% down at today's rates, the estimated monthly payment for 321 E Micheltorena St in Santa Barbara, CA is approximately $21,960 (about $18,697 principal & interest, $3,188 property taxes, and $75 homeowner's insurance). This is an estimate. Actual payment depends on your loan terms.
- How does the list price for 321 E Micheltorena St compare to homes in Santa Barbara?321 E Micheltorena St in Santa Barbara, CA is listed at $3,575,000, about 101% above the $1.77M median sale price in Santa Barbara.
- What do residents say about the Upper East neighborhood?Residents describe the Upper East neighborhood in Santa Barbara, CA as walkable to restaurants, dog-friendly, and pedestrian-friendly. See homes for sale in Upper East, Santa Barbara.
- What are the closest schools to 321 E Micheltorena St?The closest schools to 321 E Micheltorena St in Santa Barbara, CA are Roosevelt Elementary School (rated 7/10), Santa Barbara Junior High School (rated 3/10), Santa Barbara Senior High School (rated 6/10).
- Does 321 E Micheltorena St have laundry facilities?Yes, 321 E Micheltorena St in Santa Barbara, CA has laundry facilities.
- Does 321 E Micheltorena St have a yard?Yes, 321 E Micheltorena St in Santa Barbara, CA has a yard.
321 E Micheltorena St, Santa Barbara, CA 93101 is a 7 bedroom, 6 bathroom, 3,600 sqft single-family home built in 2021. 321 E Micheltorena St is located in Upper East, Santa Barbara. This property is currently available for sale and was listed by SBMLS on Jun 22, 2026. The MLS # for this home is MLS# 26-2052.