Santa Barbara Homes under $5 million

Santa Barbara Homes under $5 million

Welcome to Santa Barbara, a stunning coastal gem nestled in the heart of California’s Central Coast. Known for its breathtaking Mediterranean-style architecture, palm-lined beaches, and vibrant cultural scene, Santa Barbara offers a unique blend of relaxation and sophistication. With the majestic Santa Ynez Mountains as a backdrop and the sparkling Pacific Ocean at your doorstep, it’s no wonder that this city is often referred to as the "American Riviera."

Santa Barbara is more than just picturesque landscapes; it boasts a rich history, diverse culinary offerings, and a thriving arts community. Stroll through the charming streets of downtown, where you’ll find boutique shops, world-class restaurants, and the iconic Santa Barbara Courthouse, a stunning example of Spanish Colonial Revival architecture. For outdoor enthusiasts, the area is a paradise, with ample opportunities for hiking, surfing, and enjoying the sun on pristine beaches.

For those seeking a home in this idyllic location, you’ll be pleased to know that there are beautiful properties available under $5 million. From elegant single-family homes to charming cottages, Santa Barbara offers a variety of real estate options that cater to different lifestyles and preferences. Imagine waking up to ocean views or sipping your morning coffee in a sun-drenched garden. Whether you’re looking for a vacation retreat or a permanent residence, you’ll find that Santa Barbara’s real estate market has something for everyone.

Embrace the Santa Barbara lifestyle, where stunning natural beauty meets vibrant community living. Your dream home awaits in this enchanting coastal paradise!

Newest Santa Barbara Homes under $5 million

208 S Voluntario Street, Santa Barbara
$1,445,000
208 S. Voluntario is a quintessential California cottage offering a prime investment opportunity on Santa Barbara's desirable Eastside, just moments from the beach, Downtown, and the vibrant Funk Zone. The property features three units with an ideal unit mix of (1) 2BD/1BA, (1) 1BD/1BA, and (1) studio--well suited for both investors and owner-users. Completely remodeled throughout, the units offer hardwood floors, custom built-ins, skylights, and all new appliances and fixtures. Each unit also includes its own private outdoor space. The exterior has been freshly repainted and enhanced with new landscaping, creating strong curb appeal and a turnkey presentation. Current property zoning is for a single family residence.

208 S Voluntario Street, Santa Barbara

Listing courtesy of Radius Group Commercial R.E..

4022 Via Diego Unit A & B, Santa Barbara
$1,795,000
4 Beds ⋅ 4 Baths
Charming single-level duplex on a quiet tree lined street, featuring two private and spacious units, each with 2 bedrooms, 2 full bathrooms, and gas fireplaces. The property offers approximately 1,964 total square feet, 982 each. Each residence includes a private patio and a one-car garage with washer and dryer hookups, plus additional off-street parking. Did I mention NO HOA?! Both units will be delivered vacant, providing flexibility for an investor or an owner seeking a home with an additional rental income.

4022 Via Diego Unit A & B, Santa Barbara

Listing courtesy of Village Properties.

1145 Crestline Drive, Santa Barbara
$2,850,000
3 Beds ⋅ 2 Baths
A sophisticated Santa Barbara retreat, this recently remodeled single-level residence captures surprising city and ocean views from nearly every room. The luxurious kitchen showcases quartzite countertops, a dining island and walk-in pantry, opening to the patio for al fresco dining. Generous living spaces flow to professionally landscaped grounds, while the beautiful primary suite opens to a private view patio. Two additional bedrooms, a full bath and central heat/AC ensure effortless comfort. An oversized two-car garage offers rare room for vehicles, beach gear, bikes and storage. Moments from beaches, bike paths and vibrant downtown amenities, this refined home blends contemporary style, understated elegance and coastal vistas. Ready for a new owner. Call to schedule a private viewing.

1145 Crestline Drive, Santa Barbara

Listing courtesy of Keller Williams Realty Santa Barbara.

1835 Overlook Lane, Santa Barbara
$3,395,000
4 Beds ⋅ 3 Baths
Set high on Eucalyptus Hill, this updated mid-century home enjoys sweeping ocean, island, and city views. Offering four bedrooms, three baths, and 2,360 square feet of living space, the home combines distinctive architecture with thoughtful updates and inviting indoor-outdoor living. Vaulted tongue-and-groove ceilings, exposed beams, and expansive windows define the main living level, where the living room, dining area, and kitchen connect against a backdrop of coastal views. The updated kitchen features white shaker cabinetry, veined countertops, a glazed tile backsplash, and warm wood open shelving. A spacious deck extends the living area outdoors, offering a beautiful setting for dining, entertaining, or simply taking in the views across the coastline and Channel Islands. With the garage, kitchen, living areas, and a bedroom and full bath all on the entry level, the home offers the flexibility of main-level living. Three additional bedrooms and two baths downstairs provide versatile accommodations with direct access to the backyard. New wide-plank flooring, updated bathrooms, and fresh interior and exterior paint complement the home's mid-century character. Set on a nearly quarter-acre lot, the newly landscaped grounds feature a generous lawn, mature fruit trees, and established hedges. A two-car garage with built-in storage adds convenience, while the peaceful Eucalyptus Hill location places Coast Village Road, downtown Santa Barbara, and the beaches within easy reach.

1835 Overlook Lane, Santa Barbara

Listing courtesy of Berkshire Hathaway HomeServices California Properties.

4022 Via Diego Unit A & B, Santa Barbara
$1,795,000
Charming single-level duplex on a quiet tree lined street, featuring two private and spacious units, each with 2 bedrooms, 2 full bathrooms, and gas fireplaces. The property offers approximately 1,964 total square feet, 982 each. Each residence includes a private patio and a one-car garage with washer and dryer hookups, plus additional off-street parking. Did I mention NO HOA?! Both units will be delivered vacant, providing flexibility for an investor or an owner seeking a home with an additional rental income.

4022 Via Diego Unit A & B, Santa Barbara

Listing courtesy of Village Properties.

3402 Madrona Drive, Santa Barbara
$3,695,000
3 Beds ⋅ 3 Baths
Thoroughly remodeled and set on a generous corner lot in highly desirable San Roque, this 3-bedroom, 2.5-bath home pairs striking architectural details with a thoughtfully designed open floor plan and exceptional outdoor spaces. The kitchen and living room flow together beneath gorgeous vaulted ceilings, with a Sub-Zero refrigerator and Viking range anchoring the kitchen. Bi-fold doors on either side of the living room open to expansive Trex deck patios in both the front and back yards, creating a natural extension of the living space. A striking pivoting glass front door opens to a welcoming foyer, with a beautiful sightline extending straight through to the backyard. A conveniently located mudroom and half bath offer thoughtful practicality, while a newly added two-car garage complements the home's extensive improvements. The primary suite features a large walk-in closet and a spacious bathroom with radiant heated floors. Two French doors open directly to the garden, bringing in natural light and providing direct access to the outdoors. With its considered design, quality finishes, and seamless connection between interior and exterior spaces, 3402 Madrona Drive offers a distinctive opportunity in one of Santa Barbara's most sought-after neighborhoods.

3402 Madrona Drive, Santa Barbara

Listing courtesy of Berkshire Hathaway HomeServices California Properties.

216 W Quinto Street, Santa Barbara
$1,833,000

216 W Quinto Street, Santa Barbara

Listing courtesy of Beachside Partners.

223 W Arrellaga Street, Santa Barbara
$1,950,000
Character-rich property in the heart of downtown Santa Barbara. This classic Craftsman triplex delivers an easy-to-rent unit mix featuring a two-story 2BD/1.5BA, an upstairs 2BD/1.5BA, and a ground-floor 1BD/1BA. All the heavy CapEx lifting is already handled: brand-new roof, new skylights, full exterior wood repair & paint, fresh yard divider fencing, reinforced garages, and updated exterior lighting. The vacant unit just wrapped a nice interior refresh with fresh paint, durable new carpet and kitchen laminate flooring, new fixtures, and microwave hood, giving you instant day-one market rent without lifting a finger. Having two separate 1-car garages plus extra off-street parking downtown is pure gold for tenant retention or extra storage revenue. Located just blocks from the State Street corridor in an ultra-tight rental market, this is a clean, low-maintenance income play built for solid yield and long-term appreciation.

223 W Arrellaga Street, Santa Barbara

Listing courtesy of Berkshire Hathaway HomeServices California Properties.

223 W Arrellaga Street, Santa Barbara
$1,950,000
5 Beds ⋅ 5 Baths
Classic Santa Barbara Craftsman triplex presenting a rare multi-unit opportunity in a coveted downtown corridor just blocks from State Street. The property features a prime unit mix consisting of a two-story 2BD/1.5BA residence, an upstairs 2BD/1.5BA unit, and a ground-floor 1BD/1.5BA unit. Timeless architectural details such as covered porches and character-rich framing pair seamlessly with extensive recent capital improvements, including a new roof, new skylights, fresh exterior wood repair and paint, updated lighting, new rear divider fencing, and refreshed grounds. A standout feature is the rare inclusion of two separate one-car garages with reinforced framing, and additional off-street potential. Ideal for an owner-user looking to offset carrying costs with premium rental income or .. an investor seeking turnkey downtown rental stock with private yard space and strong long-term upside.

223 W Arrellaga Street, Santa Barbara

Listing courtesy of Berkshire Hathaway HomeServices California Properties.

2135 Chapala Street, Santa Barbara
$1,795,000
2 Beds ⋅ 2 Baths
This adorable downtown home with 2 bedrooms and 1 bathroom has a finished attic with a spiral staircase, eat-in kitchen, fireplace in the living room, and wood floors throughout. Located on a corner lot with several outdoor patios and a 2 car garage with laundry, an extra full bathroom, and an upstairs garage loft, it presents excellent indoor/outdoor living options. Great walk and bike scores, close to many conveniences, and and an awesome opportunity that should not last long!

2135 Chapala Street, Santa Barbara

Listing courtesy of Thyne Real Estate Group.

333 Old Mill Road Unit Spc 99, Santa Barbara
$389,000
1 Beds ⋅ 1 Baths ⋅ Rancho Santa Barbara BLDG.
Discover the appeal of Santa Barbara living, where a relaxed coastal atmosphere, scenic surroundings, and a welcoming community create a place to call home. Ideally situated in a desirable 55+ community, this home is located near the club house, pool, and golf course, offering residents easy access to an active neighborhood lifestyle. The property boasts beautiful mountain views and features a large covered patio, providing a peaceful spot to unwind and enjoy the surroundings. Inside, the functional layout features a front living room, a central dining area and kitchen, and a rear bedroom with two closets. Ready for updating, this is an opportunity to bring your vision to life while enjoying the benefits of the location and community amenities. Gated entry. Residents must be 55 or older and owner-occupied residency is required.

333 Old Mill Road Unit Spc 99, Santa Barbara

Listing courtesy of Compass.

240 Reef Court, Santa Barbara
$1,195,000
2 Beds ⋅ 2 Baths
Extraordinarily reimagined 2 bed, 2 full bath Reef Court townhome with the finest quality materials and craftsmanship. First floor powder room expanded to a full bath with a 4 foot Kohler cast iron bathtub and pocket door. Second floor loft elongated, providing a generous sized office area. Remodeled kitchen with quartz countertops, custom Alder cabinetry and an Allia Fireclay Kitchen Sink. Second floor bath features a new walk in shower with Hans Grohe rain head, tile surround, and 2 pocket doors. Sunpower solar panels (owned), enlarged outdoor patio, whole house carbon filtration, new Milgard dual paned windows, ceramic tile flooring and much more. Attached 2 car garage with built in storage. Private gated access to La Mesa Park and near Shoreline Park, 1000 Steps Beach, Lazy Acres & more.

240 Reef Court, Santa Barbara

Listing courtesy of Berkshire Hathaway HomeServices California Properties.

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