This Week's Most Affordable Closed Sales in Santa Barbara & Montecito

Posted on: September 2, 2026

Even in one of the most sought-after coastal markets in the country, there's more affordability out there than headlines might suggest. Here's a look at the three most affordable closed sales in Santa Barbara and Montecito over the past week.

Topping the list for value, a condo at 3435 Richland Drive, Unit 17 in Santa Barbara closed at $595,000. This 1-bedroom, 1-bath home offers an accessible way into one of California's most desirable coastal communities.

Next, a 2-bedroom, 2-bath condo at 521 W Montecito Street, Apt 11 in Santa Barbara sold for $865,000, reflecting steady demand for well-located, low-maintenance living close to downtown.

Rounding out the list, a single-family home at 4752 Ashdale Street in Santa Barbara closed at $1,050,000. With 4 bedrooms and 2 baths, it's a solid option for buyers wanting more space without stretching into the luxury tier.

No Montecito sales fell within this week's most affordable range — every closed transaction there topped $3 million, underscoring the gap between the two markets.

Thinking about buying or selling in Santa Barbara or Montecito? Brandon Veltri would love to help you find the right opportunity — reach out anytime for guidance tailored to your goals.

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