New $8.86-Million Cliffside Home Surfaces In Santa Barbara As Demand Soars
By: Date: August 17, 2021 Categories: Forbes Global Properties,lifestyle,Real Estate,Uncategorized Tags: , ,

front exterior new estate home 1631 Shoreline Dr, Santa Barbara, CA 93109 4 beds/4.5 baths

The newly built, half-acre estate on Shoreline Drive in Santa Barbara is listed for sale at $8.855 … [+] million.

Village Properties

A newly built home straddling a cliff along the Santa Barbara coastline has hit the market for $8.855 million.

The two-story home, which combines Traditional and Craftsman design elements, is the pinnacle of a five-plus-year undertaking that wrapped up this year, according to luxury real estate specialist David Magid of Village Properties.

Sitting on about half an acre on Shoreline Drive overlooking 85 feet of coastal frontage, the home features bright and warming interior spaces and an open-concept floor plan designed to maximize sweeping views of the ocean and Channel Islands.

newly built luxury home entry 1631 Shoreline Dr, Santa Barbara, CA 93109

Shake siding and a covered porch lend a timeless appeal to the newly built home on Shoreline Drive … [+] in Santa Barbara.

Village Properties

Vaulted ceilings, large expanses of windows and bi-folding doors are among eye-catching details of note. Three modern, remote-controlled fireplaces provide a cozy ambiance at the push of a button.

kitchen and living area inside luxury home 1631 Shoreline Dr, Santa Barbara, CA 93109

The home features an open-concept floor plan that opens the interior to sweeping ocean views.

Village Properties

In the kitchen area, a gleaming center island is surrounded by high-end Miele appliances and custom cabinetry. There are four bedrooms and 4.5 bathrooms—including upper and lower primary suites—in more than 3,600 square feet of space.

living room inside new luxury home 1631 Shoreline Dr, Santa Barbara, CA 93109

Among forward-thinking details are three linear fireplaces that are controlled by remote.

Village Properties

Magid said that the newly built home is something of a rarity in Santa Barbara’s market, given the hurdles that come with the permit and building process.

Approximately 1% of housing units in Santa Barbara were built between 2014 or later, according to the housing market data provider TownCharts. Homes built in 2000 or later represent about 7% of all housing units.

powder room inside newly built home in 1631 Shoreline Dr, Santa Barbara, CA 93109

Decorative tilework draws the eyes in the powder room.

Village Properties

“It’s very difficult to find new areas to build, and the permit/construction is lengthy as well,” Magid said.“

Because of the lengthy process, the agent says that the market for new homes is wildly competitive. “There has never been a stronger appetite for new construction.”

bedroom in newly built house 1631 Shoreline Dr, Santa Barbara, CA 93109

The home features a total of four bedrooms including two primary suites.

Village Properties

In general, Santa Barbara’s housing market has continued to operate at a historic clip since last year, and it’s showing no signs of slowing down in 2021, according to Magid. 

exterior patio backyard at 1631 Shoreline Dr, Santa Barbara, CA 93109

The two-story home was built over a five-plus-year period that wrapped up in 2021.

Village Properties

In Q1 2021, there were 223 home sales recorded in Santa Barbara, a 22% increase compared with the same period last year. Home prices are also on the rise; in Q1 2021, the median sale price was $1.439 million, up 28% from Q1 2020 (1.126 million).

ocean views from new home at 1631 Shoreline Dr, Santa Barbara, CA 93109

The view from the patio.

Village Properties

Demand has vastly outweighed supply, according to Magid, who expects to see an increase in sales number during the Spring and Summer months as more inventory comes on the market. Still, it may not be enough to appease the vast number of active buyers.

outdoor terrace at newly built home 1631 Shoreline Dr, Santa Barbara, CA 93109

A large upper terrace creates additional living space outdoors.

Village Properties

“Santa Barbara was already one of the most desirable places in the country, and COVID helped create a deeper appreciation for our beautiful beach town,” he said. “Don’t expect a slowdown in the market anytime soon.”

channel islands sunset photo luxury home santa barbara

Views from the property extend as far as the Channel Islands.

Village Properties

Village Properties is an exclusive member of Forbes Global Properties, a consumer marketplace and membership network of elite brokerages selling the world’s most luxurious homes.

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