Privately set on a generous 0.30-acre lot, 206 Sherwood Dr blends mountain views, natural light, and exceptional versatility in one of Santa Barbara's most desirable neighborhoods. This legal dual-unit property features a move-in-ready 3-bedroom, 2-bath main residence alongside a thoughtfully updated freestanding second unit complete with its own kitchen, living room, bedroom, and full bath, offering outstanding flexibility for guests, extended family, or rental income. The expansive lot features a 14-foot greenhouse, a curated collection of mature fruit trees, and plenty of room to expand. A dramatic 30' 30' deck, multiple balconies, and sweeping views of La Cumbre Peak create exceptional outdoor living, while a towering Mexican palm adds timeless Santa Barbara character. Recent improvements, including a newer roof, tankless water heater, and fresh interior paint, provide comfort and peace of mind. Situated within the highly regarded Foothill Elementary attendance area and just minutes from Upper State Street, scenic trailheads, parks, and dining, this exceptional property combines privacy, flexibility, modern upgrades, usable land, and long-term value.