Your original comment was "You're making his point. 4br in only 2k sqft? For 2M? Please..."
That's not the same point as sblocal123's point.
Regarding the real estate location point, yes, you and caminante made the same point. caminante made the point convincingly and you didn't. There's nothing ironic about me changing my mind when someone makes a point convincingly.
That first one you linked to must be priced based on building something new there. The Zillow listing even has pictures of plans for a new house.
Here's a 2270sqft 3BR3B for $1.9M that I think is actually in Santa Barbara (looks like the edge of Riviera), although it doesn't really have a yard: https://www.zillow.com/homedetails/533-Conejo-Rd-Santa-Barba...