Versatile living w/ 2 separate homes on nearly 1/2 acre in one of Santa Barbara's most coveted neighborhoods. This lovingly cared-for property features numerous upgrades throughout. The light & bright 3-bed, 2-bath main home boasts oak wood floors, a prominent fireplace hearth, dual-pane windows, spacious bedrooms, renovated bathrooms & dual-living potential w/a finished basement/large den/4th-bedroom. The legal guest house offers charm, high ceilings, newer windows, peaceful views, & a private yard. Wrap-around yards feature fruit trees, manicured gardens, multiple sitting areas, a fountain, & creekside setting. Centrally located near the acclaimed Vieja Valley Elementary. Upside potential w/ 7K/mo rent + additional income potential from the main home. A once-in-a-lifetime opportunity!