Home Highlights
Single-Family Home
2,702 sqft
$1,212/sqft
Local Information
-- mins to
About this House
FURNISHED RENTAL - AVAILABLE FEB 1: Nestled above the iconic red tile roofs and sweeping coastline of Santa Barbara, this sublime vacation destination occupies a prime perch on the American Riviera. The main floor offers a master suite with a full bathroom, a second bedroom suite with a day bed with twin trundle, and en suite bathroom. The exceptionally well-equipped kitchen is thoughtfully outfitted with distinctive appliances. Captivating ocean views define the expansive main terrace by day, and the twinkling lights of the city below, by night. The downstairs functions beautifully as a second residence or as an extension of the main floor, with two bedrooms, three bathrooms, two family/media rooms, kitchenette, music room, laundry, and spa on the deck. Rates may vary by seaso
511 Drexel Dr, Santa Barbara, CA 93103 is a 4 bedroom, 8 bathroom, 2,702 sqft single-family home in Riviera. It last sold for $2,320,000 on May 31, 2017 (17,884% above the $12,900 asking price). More recently, it was listed as a rental in July 2024 with an asking price of $12,900 per month. That rental listing was removed on January 30, 2025. This property is not currently displayed as for sale or rent on Trulia. The Trulia Estimate is $3,274,400, with a rent estimate of $7,818/month.
Home Details for 511 Drexel Dr
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Heating & Cooling Heating: FireplaceHeating Fuel: Fireplace |
Appliances & Utilities DishwasherDryerRefrigeratorWasher |
Fireplace & Spa FireplaceHot Tub or Spa |
Levels, Entrance, & Accessibility Floors: Tile |
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Property Type / Style Property Type: Single Family HomeArchitecture: Spanish |
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Lease Term: Contact For Details |
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Exterior Home Features Lawn |
Comparable Sales for 511 Drexel Dr
Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
|---|---|---|---|---|---|---|---|
0.07 | Single-Family Home | $3,175,000 | 08/18/26 | 3 | 4 | 2,310 sqft | |
0.15 | Single-Family Home | $2,425,000 | 06/18/26 | 3 | 2.5 | 2,345 sqft | |
0.15 | Single-Family Home | $2,425,000 | 06/18/26 | 3 | 3 | 2,345 sqft | |
0.23 | Single-Family Home | $3,075,000 | 12/11/25 | 5 | 5 | 3,525 sqft | |
0.23 | Single-Family Home | $3,075,000 | 12/11/25 | 5 | 4.5 | 3,525 sqft | |
0.32 | Single-Family Home | $2,725,000 | 09/17/25 | 4 | 3 | 2,660 sqft | |
0.09 | Single-Family Home | $3,249,000 | 10/28/25 | 3 | 2.5 | 1,913 sqft | |
0.36 | Single-Family Home | $3,990,000 | 12/02/25 | 5 | 4 | 3,027 sqft | |
0.05 | Single-Family Home | $2,130,875 | 12/03/25 | 2 | 1.5 | 1,297 sqft | |
0.30 | Single-Family Home | $5,350,000 | 05/19/26 | 4 | 4 | 3,027 sqft |
Nearby homes
Get a sense of prices in the area by checking nearby homes.Rental Market Trends in Riviera
Last updated Sep 2026
Trulia Rent Estimate$7,818/mo
Average rent
$12K
$1.55KMoM
Available listings
12
Around this home
What Locals Say about Riviera
At least 24 Trulia users voted on each feature.
86 % Say it's dog friendly
86 % Say parking is easy
80 % Say people would walk alone at night
80 % Say it's quiet
79 % Say car is needed
68 % Say yards are well-kept
67 % Say neighbors are friendly
67 % Say there's wildlife
60 % Say they plan to stay for at least 5 years
58 % Say there's holiday spirit
43 % Say there are community events
42 % Say there are sidewalks
33 % Say kids play outside
25 % Say streets are well-lit
16 % Say it's walkable to restaurants
13 % Say it's walkable to grocery stores
Sourced by Trulia users. Learn more about our methodology.
LGBTQ Local Legal Protections
LGBTQ Local Legal Protections
Price and Tax history
| Date | Event | Price |
|---|---|---|
Jan 30, 2025 Source: SBMLS #24-2411 | ListingRemoved | $12,900 |
Nov 22, 2024 Source: SBMLS #24-2411 | PriceChange | $12,900 Price increased by 30% |
Sep 14, 2024 Source: SBMLS #24-2411 | PriceChange | $9,900 Price decreased by 23% |
Jul 22, 2024 Source: SBMLS #24-2411 | Listed For Rent | $12,900 |
Dec 8, 2023 Source: SBMLS #23-2396 | ListingRemoved | |
Sep 14, 2023 Source: SBMLS #23-2396 | PriceChange | $9,900 Price decreased by 9% |
Aug 12, 2023 Source: SBMLS #23-2396 | Listed For Rent | $10,900 |
Aug 23, 2017 Source: Agent Provided | ListingRemoved | $10,000 |
Aug 8, 2017 Source: Agent Provided | PriceChange | $10,000 Price decreased by 9% |
Jul 28, 2017 Source: Agent Provided | Listed For Rent | $11,000 |
May 31, 2017 Source: SBMLS #17-1356 | Sold | $2,320,000 |
May 8, 2017 Source: Agent Provided | Pending | $2,395,000 |
Apr 26, 2017 Source: Agent Provided | Listed For Sale | $2,395,000 |
Apr 17, 2013 Source: SBMLS #12-3404 | Sold | $1,770,000 |
Jan 26, 2013 Source: Agent Provided | PriceChange | $1,799,000 Price decreased by 3% |
Dec 6, 2012 Source: Agent Provided | PriceChange | $1,847,500 Price decreased by 5% |
Nov 7, 2012 Source: Agent Provided | Listed For Sale | $1,947,500 |
| Year | Property tax | Tax assessment |
|---|---|---|
| 2026 | Unavailable | $23,673 |
Home facts updated by county records
Frequently asked questions about 511 Drexel Dr
- What is 511 Drexel Dr estimated to be worth?Trulia's estimated value for 511 Drexel Dr in Santa Barbara, CA is $3,274,400.
- What is the price history for 511 Drexel Dr?511 Drexel Dr in Santa Barbara, CA last sold for $2,320,000 in May 2017.
- Is Santa Barbara a buyer's or seller's market?Santa Barbara is currently a balanced market, based on recent for-sale activity.
- What's the median sale price in Santa Barbara?The median sale price in Santa Barbara is $1.77M. That is down $107K from the prior month.
- Does 511 Drexel Dr have laundry facilities?Yes, 511 Drexel Dr in Santa Barbara, CA has in-unit laundry.
Homes for rent near 511 Drexel Dr
Affordability
TIP:Try to keep your rent within a third of your gross household income. Learn why in our Renter's Guide.
For this property
PER YEAR
is the suggested income
Win over prospective landlords with your smart budgeting. As a good rule of thumb, ideally you would have at least three times your monthly rent in combined household income.

