PENDING
$300K PRICE DROP
1480 Lou Dillon Ln Santa Barbara, CA 93103
Eastside NeighborhoodEstimated payment $25,000/month
Total Views
51,703
5
Beds
5
Baths
5,238
Sq Ft
$811
Price per Sq Ft
Highlights
- Ocean View
- Updated Kitchen
- Fruit Trees
- Santa Barbara Senior High School Rated A-
- 1.15 Acre Lot
- Property is near public transit
About This Home
Ocean views, vineyard charm, and timeless craftsmanship converge on this ±1.15-acre gated estate just minutes from Montecito and downtown Santa Barbara. Spanning approx. 5,238 SF, this 4-bed (with option for a 5th bedroom), 5-bath residence features custom Venetian plaster, vaulted ceilings, artisan tilework, and hand-forged iron fixtures throughout.Step through an impressive 12-foot wrought iron door and the grand entryway welcomes you with four graceful arches, a statement chandelier, Venetian plaster walls, and beautifully tiled floors. It's an entrance that sets the tone for everything this home has to offer.Designed for both entertaining and daily living, the chef's kitchen features dual oversized islands, a Wolf oven, Sub-Zero refrigerator, hand-pounded copper sinks, a walk-in pantry, and custom ironwork chandeliers by local artisan Steven Handelman. The adjoining living and dining areas flow seamlessly from indoors to out.The expansive great room integrates multiple seating and game areas beneath soaring ceilings. A bold fireplace anchors the room, while an abundance of windows and doors flood the space with light. Off this space lies a beautifully appointed en-suite bathroom with arched detailing, artisan tile, with the potential to convert the space into a main-level primary bedroom.The upstairs primary suite features vaulted ceilings, a private balcony and patio with ocean views, and a spacious walk-in closet. The en-suite bath is appointed with heated floors, skylights, a steam shower with arched entryways, Jacuzzi tub, and dual vanities. Additional guest suites include private baths and designer finishes. A flexible guest wing offers two bedrooms, a kitchenette, and an oversized bathroomideal for ADU conversion.The main living room, with its vaulted ceilings, commanding stone fireplace, and stylish mini bar, provides the perfect setting for intimate gatherings with family and friends. Upstairs, a crow's nest landing opens to a custom dual-desk office facing the Pacific. A three-car garage and spacious storage room add practical function to the estate's luxury. The attention to detail in this home is just beautifulevery finish, every corner, every decision feels intentional and elevated. You can really feel the care that went into creating it.Perched behind the home, you'll find a peaceful, multi-tiered Pinot Noir vineyard featuring the coveted Swan and 777 clones, along with a grove of seedless lemon trees, sweet oranges (the kind that taste like sunshine), avocados, and kumquats a true flavor of California right in your own backyard.Just minutes from Santa Barbara and Montecito, and steps away from the Montecito Country Club and pickleball courts, this estate offers the best of all worlds and carries a unique piece of California historythe area is said to be the final resting place of Lou Dillon, one of the most celebrated harness racing horses of her time...a history that brings a rare and storied charm to the estate.More than a home, it's a legacy.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $18,322
Year Built
- Built in 1986
Lot Details
- 1.15 Acre Lot
- Gated Home
- Fruit Trees
- Property is in good condition
Parking
- Attached Garage
Home Design
- Spanish Architecture
- Split Level Home
- Tile Roof
- Stucco
Interior Spaces
- 5,238 Sq Ft Home
- Cathedral Ceiling
- Double Pane Windows
- Family Room with Fireplace
- Great Room
- Living Room with Fireplace
- Combination Kitchen and Dining Room
- Home Office
- Ocean Views
Kitchen
- Updated Kitchen
- Gas Range
- Microwave
- Dishwasher
- Disposal
Flooring
- Radiant Floor
- Tile
Bedrooms and Bathrooms
- 5 Bedrooms
- Remodeled Bathroom
- 5 Full Bathrooms
Laundry
- Laundry Room
- Dryer
- Washer
Home Security
- Home Security System
- Fire and Smoke Detector
Location
- Property is near public transit
- Property is near schools
- Property is near shops
- Property is near a bus stop
- City Lot
Schools
- Cleveland Elementary School
- S.B. Jr. Middle School
- S.B. Sr. High School
Additional Features
- Covered patio or porch
- Heat Pump System
Community Details
- Restaurant
Listing and Financial Details
- Assessor Parcel Number 015-202-047
- Seller Considering Concessions
Map
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Home Values in the Area
Average Home Value in this Area
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 | $18,322 | $1,753,528 | $900,458 | $853,070 |
| 2023 | $18,322 | $1,685,439 | $865,493 | $819,946 |
| 2022 | $17,676 | $1,652,392 | $848,523 | $803,869 |
| 2021 | $17,269 | $1,619,993 | $831,886 | $788,107 |
| 2020 | $17,091 | $1,603,383 | $823,357 | $780,026 |
| 2019 | $16,792 | $1,571,945 | $807,213 | $764,732 |
| 2018 | $16,554 | $1,541,124 | $791,386 | $749,738 |
| 2017 | $16,007 | $1,510,907 | $775,869 | $735,038 |
| 2016 | $15,631 | $1,481,282 | $760,656 | $720,626 |
| 2014 | $15,206 | $1,430,453 | $734,555 | $695,898 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/20/2025 06/20/25 | Pending | -- | -- | -- |
| 05/05/2025 05/05/25 | For Sale | $4,250,000 | -- | $811 / Sq Ft |
Source: Santa Barbara Multiple Listing Service
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Interfamily Deed Transfer | -- | -- | |
| Interfamily Deed Transfer | -- | First American Title Company | |
| Grant Deed | -- | First American Title Company | |
| Grant Deed | $640,000 | Fidelity National Title Co |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $694,000 | New Conventional | |
| Closed | $250,000 | Credit Line Revolving | |
| Closed | $729,750 | New Conventional | |
| Previous Owner | $1,000,000 | Purchase Money Mortgage | |
| Previous Owner | $415,000 | Unknown | |
| Previous Owner | $270,000 | Unknown | |
| Previous Owner | $610,000 | Unknown | |
| Previous Owner | $500,000 | No Value Available | |
| Closed | $76,000 | No Value Available |
Source: Public Records
Similar Homes in Santa Barbara, CA
Source: Santa Barbara Multiple Listing Service
MLS Number: 25-1778
APN: 015-202-047
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