NOT LISTED FOR SALE

1260 E Mountain Dr Santa Barbara, CA 93108

Estimated Value: $6,068,000 - $17,599,351

5 Beds
8.5 Baths
12,339 Sq Ft
$959/Sq Ft Est. Value

Last Sold November 05, 2020

Last sale price $14,725,000 $1,193 Per Sq Ft

Est. 20% decrease in value since last sale

Current estimated payment $75,717/month

19 Days on Market

Highlights

  • Ocean View
  • Home Theater
  • Updated Kitchen
  • Cold Spring Elementary School Rated A+
  • Pool House
  • Reverse Osmosis System

About This Home

As of November 2020

Welcome to Las Cascadas, an estate embodying the rare luxury of a private resort experience at home. Renovated under the discerning guidance of Giffin & Crane, top quality design honors the estate's Spanish heritage while unexpected materials lend the playful elegance of a 5-star hotel. The mainly single-level floor plan has been thoughtfully designed for a casual, coastal, indoor/outdoor lifestyle. The lower level hosts lifestyle amenities incl. game room, cinema, wine grotto, and gym/studio or guest apartment. Resort living culminates with tropical ambiance and room to roam. A pool terrace, pizza oven, dining terrace, fruit trees, & rolling lawns are on site while hiking, dining, shopping, art, theatre, and outdoor sports await on the Central Coast. Las Cascadas is your piece of paradise

Last Agent to Sell the Property

Robert Riskin

Village Properties License #01815307 / 01447045 / 01954177 / 01951069 Listed on: 08/14/2020

Last Buyer's Agent

Ryan Curtis

Santa Barbara Brokers, Inc. License #01873883

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1990

Lot Details

  • 2.76 Acre Lot
  • Gated Home
  • Level Lot
  • Fruit Trees
  • Lawn
  • Property is in excellent condition

Parking

  • Detached Garage

Property Views

  • Ocean
  • Panoramic

Home Design

  • Spanish Architecture
  • Tri-Level Property
  • Brick Exterior Construction
  • Tile Roof
  • Stucco

Interior Spaces

  • 12,339 Sq Ft Home
  • Multiple Fireplaces
  • Gas Fireplace
  • Family Room with Fireplace
  • Living Room with Fireplace
  • Dining Room with Fireplace
  • Formal Dining Room
  • Home Theater
  • Home Office
  • Library
  • Game Room
  • Home Gym
  • Basement

Kitchen

  • Updated Kitchen
  • Breakfast Area or Nook
  • Double Oven
  • Gas Range
  • Microwave
  • Dishwasher
  • Disposal
  • Reverse Osmosis System

Flooring

  • Wood
  • Carpet
  • Stone
  • Marble
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Primary Bedroom on Main
  • Fireplace in Primary Bedroom
  • Remodeled Bathroom
  • Maid or Guest Quarters

Laundry

  • Laundry Room
  • Dryer

Home Security

  • Home Security System
  • Fire and Smoke Detector

Pool

  • Pool House
  • Spa
  • Outdoor Pool

Outdoor Features

  • Deck
  • Fireplace in Patio
  • Patio
  • Built-In Barbecue

Schools

  • Cold Spring Elementary School
  • S.B. Jr. Middle School
  • S.B. Sr. High School

Utilities

  • Forced Air Heating and Cooling System
  • Radiant Heating System
  • Water Softener is Owned
  • Sewer Stub Out

Listing and Financial Details

  • Assessor Parcel Number 011-050-090

Home Details

Home Type

Single Family

Year Built

Built in 1990

Lot Details

0

Listing Details

  • Directions: Hot Springs to East Mountain Dr
  • Prop. Type: Residential
  • Year Built: 1990
  • Reso Property Sub Type: Home/Estate
  • ResoLaundryFeatures: Laundry Room
  • ResoLotFeatures: Level, Sloped Down
  • ResoSecurityFeatures: Gate:Elec, Security System, Smoke Detector(s)
  • Architectural Style: Spanish
  • Reso Flooring: Carpet, Hardwood, Marble, Stone, Tile
  • Garage Yn: Yes
  • Unit Levels: Tri-Level
  • New Construction: No
  • Reso Property Condition: Excellent
  • Property Information Year Built2: 1990
  • Property Information Apx # Acres: 2.76
  • NeighborhoodSchools Elementary School: Cold Spring
  • NeighborhoodSchools Junior High School: S.B. Jr.
  • NeighborhoodSchools High School: S.B. Sr.
  • View Panoramic2: Yes
  • LocationTopo Level: Yes
  • Property Information ADU: No
  • Property Information Within City Limits: No
  • Condition Excellent: Yes
  • Exterior:Stucco: Yes
  • GroundsLandscaping Pool: Yes
  • GroundsLandscaping Patio Open2: Yes
  • GroundsLandscaping Lawn2: Yes
  • GroundsLandscaping Fruit Trees2: Yes
  • GroundsLandscaping Fenced ALL2: Yes
  • Rooms Family Room4: Yes
  • Rooms Ground Floor Bedroom2: Yes
  • Rooms Ground Floor Primary: Yes
  • Dining Dining Area2: Yes
  • Laundry Laundry Room2: Yes
  • Amenities Remodeled Bath2: Yes
  • Amenities Remodeled Kitchen2: Yes
  • Appliances Included Dishwasher3: Yes
  • Appliances Included Disposal3: Yes
  • Appliances Included Dryer3: Yes
  • Appliances Included Gas Range2: Yes
  • Appliances Included Microwave3: Yes
  • Fireplace(s) LR: Yes
  • Security Security System: Yes
  • Security GateElec: Yes
  • Security Smoke Detector(s)2: Yes
  • WaterSewer Sewer Hookup: Yes
  • FlrWdw Coverings Hardwood2: Yes
  • FlrWdw Coverings Tile3: Yes
  • FlrWdw Coverings Marble2: Yes
  • Cooling Central Air: Yes
  • Property Information Main House SqFt: 12339.0
  • Exterior BrickStone: Yes
  • GroundsLandscaping Built-in BBQ: Yes
  • Rooms Exercise Room2: Yes
  • Rooms Office3: Yes
  • Dining Breakfast Area2: Yes
  • Dining Formal2: Yes
  • Amenities Guest Quarters2: Yes
  • Appliances Included Rev Osmosis2: Yes
  • Fireplace(s):_two_4: Yes
  • Fireplace(s) Dining Room2: Yes
  • Fireplace(s) Family Room3: Yes
  • Fireplace(s) Gas8: Yes
  • Fireplace(s) Primary Bedroom: Yes
  • FlrWdw Coverings Stone2: Yes
  • FlrWdw Coverings Carpet: Yes
  • GroundsLandscaping Spa - Outside: Yes
  • Roof:Tile2: Yes
  • GroundsLandscaping Deck3: Yes
  • ViewOcean: Yes
  • ParkingGarage Detached: Yes
  • LocationTopo Downslope2: Yes
  • Appliances Included Wtr SoftenerOwned: Yes
  • Style Spanish2: Yes
  • ParkingGarage Gar #4: Yes
  • Rooms LbryStudy: Yes
  • Rooms Theatre2: Yes
  • Fireplace(s) Patio3: Yes
  • Construction Tri-Level2: Yes
  • Rooms Game Room3: Yes
  • GroundsLandscaping Pool House2: Yes
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Refrigerator, Gas Range, Dishwasher, Disposal, Double Oven, Dryer, Microwave, Rev Osmosis, Wtr Softener/Owned
  • Full Bathrooms: 8
  • Half Bathrooms: 1
  • Total Bedrooms: 5
  • Fireplace Features: Primary Bedroom, Family Room, Dining Room, Other, 2+, Gas, LR, Patio
  • Bedrooms Basement: Yes
  • Appliances Included:Double Oven2: Yes

Exterior Features

  • Roof: Tile
  • View: Ocean, Panoramic
  • Construction Type: Brick/Stone, Stucco
  • Acres: 2.76
  • Topography: Downslope, Level
  • Exterior Features: Pool, Pool House, Deck, Patio Open, SPA-Outside, Lawn, Fruit Trees, Fenced: ALL
  • Foundation Details: Mixed

Garage/Parking

  • Attached Garage: No
  • Parking Features: Gar #4, Detached

Utilities

  • Cooling: Central Air
  • Heating: Forced Air, Radiant
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Water Source: Mont Wtr
  • Heating:Forced Air: Yes
  • Heating:Radiant: Yes

Schools

  • Elementary School: Cold Spring
  • High School: S.B. Sr.
  • Middle Or Junior School: S.B. Jr.

Lot Info

  • Parcel #: 011-050-090
  • Zoning: Other
  • Lot Size Sq Ft: 120225.6
  • ResoLotSizeUnits: Acres
  • ResoLotSizeUnits: Acres

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 15, 2025
Sold by
Morley Living Trust and Morley James S
Bought by
Morley James S and Morley Lynda J
Current Estimated Value
$11,833,676

Purchase Details

Listed on
Aug 14, 2020
Closed on
Nov 2, 2020
Sold by
East Mountain Llc
Bought by
Morley James S and Morley Lynda J
Seller's Agent
Robert Riskin
Village Properties
Buyer's Agent
Ryan Curtis
Santa Barbara Brokers, Inc.
List Price
$14,950,000
Sold Price
$14,725,000
Premium/Discount to List
-$225,000
-1.51%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-4.16%

Purchase Details

Listed on
Jul 17, 2014
Closed on
May 17, 2016
Sold by
Bonsignore Michelle and Bonsignore Michael R
Bought by
East Mountain Llc
Seller's Agent
Barbara Koutnik
Coldwell Banker Realty
Buyer's Agent
John Mc Gowan
Pitts & Bachmann Realtors
List Price
$14,500,000
Sold Price
$12,250,000
Premium/Discount to List
-$2,250,000
-15.52%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.20%

Purchase Details

Closed on
Jan 13, 2016
Sold by
Bonsignore Sheila G and Bonsignore Michael R
Bought by
Bonsignore Michelle and Bonsignore Michael R

Purchase Details

Closed on
Jan 5, 1999
Sold by
Gorman Bonsignore Michael Robert
Bought by
Bonsignore Sheila G and Bonsignore Michael R
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Morley James S -- First American Title
Morley James S $14,725,000 Chicago Title Company
East Mountain Llc $12,250,000 Chicago Title Company
Bonsignore Michelle -- None Available
Bonsignore Sheila G -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/05/2020 11/05/20 Sold $14,725,000 -1.5% $1,193 / Sq Ft
09/01/2020 09/01/20 Pending -- -- --
08/13/2020 08/13/20 For Sale $14,950,000 +22.0% $1,212 / Sq Ft
05/20/2016 05/20/16 Sold $12,250,000 -15.5% -- View Prior Sale
05/15/2016 05/15/16 Pending -- -- --
07/17/2014 07/17/14 For Sale $14,500,000 -- --
Source: Santa Barbara Multiple Listing Service

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $166,801 $16,140,441 $5,953,376 $10,187,065
2023 $166,801 $15,513,690 $5,722,200 $9,791,490
2022 $161,019 $15,209,500 $5,610,000 $9,599,500
2021 $155,684 $14,725,000 $5,500,000 $9,225,000
2020 $140,931 $13,407,692 $4,979,187 $8,428,505
2019 $138,758 $13,144,797 $4,881,556 $8,263,241
2018 $134,845 $12,769,900 $4,785,840 $7,984,060
2017 $132,238 $12,495,000 $4,692,000 $7,803,000
2016 $77,142 $7,310,367 $2,440,874 $4,869,493
2015 $76,100 $7,200,559 $2,404,210 $4,796,349
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Santa Barbara Multiple Listing Service

MLS Number: 20-3143

Santa Barbara Multiple Listing Service

APN: 011-050-090