NOT LISTED FOR SALE

1491 Edgecliff Ln Santa Barbara, CA 93108

Estimated Value: $7,658,000 - $34,228,226

3 Beds
3.5 Baths
2,288 Sq Ft
$9,153/Sq Ft Est. Value

Last Sold October 17, 2019

Last sale price $17,888,000 $7,818 Per Sq Ft

Est. 17% increase in value since last sale

Current estimated payment $130,757/month

209 Days on Market

Highlights

  • Ocean Front
  • Fireplace in Primary Bedroom
  • Lawn
  • Santa Barbara Senior High School Rated A-
  • Wood Flooring
  • Laundry Room

About This Home

As of October 2019

Create a legacy unlike any other where your family can enjoy an unparalleled lifestyle for years to come. Envision an estate where many generations can cherish daily panoramic sunsets overlooking the ocean, beach days filled with sunshine just steps from your front door, and a place to relish in the simple pleasures of life. You have worked hard to get where you are – now it is time to truly enjoy it. This stunning Montecito beachfront estate, with a gorgeous main house and three cottages, could be the perfect tribute to your family legacy.
The property boasts ocean/ island and coastline views and is wonderfully suited for entertaining guests or relaxing to the sound of crashing waves. The Main House features inspiring views from each of the charming living spaces, and an abundance of... .....light. The kitchen enjoys designer appliances, a pristine wine fridge, two Wolf ovens, beautiful marble countertops and an elevator to the oversized garage. The master bedroom is its own haven overlooking the sparkling Pacific with an intimate fireplace and private balcony. A perfect place to pamper yourself, the master bathroom features a luxurious marble spa-tub, an oversized shower and large walk-in closet. The Main Guest Cottage is a peaceful space, with a tranquil sitting area that enjoys a fireplace and views of the gardens, while still being able to feel and smell the ocean breeze. The Second Cottage has a balcony overlooking the ocean, as well as a quiet office space. The Beachfront Cottage is the perfect place to enjoy a nice book while looking out over Miramar Beach. Each Cottage has its own unique and lavish qualities, making this property truly one of a kind. While this extravagant oasis is convenient to all that Montecito has to offer, including the Rosewood Miramar Hotel, it preserves the ambiance of a secluded paradise creating a serene and carefree life.

Last Agent to Sell the Property

Dan Encell

Berkshire Hathaway HomeServices California Properties License #00976141 Listed on: 02/16/2019

Berkshire Hathaway HomeServices California Properties

Last Buyer's Agent

Sheela Hunt

Village Properties License #01103376

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $202,379

Year Built

  • Built in 2012

Lot Details

  • Ocean Front
  • Gated Home
  • Lawn
  • Property is in excellent condition

Parking

  • Garage

Property Views

  • Ocean
  • Panoramic

Home Design

  • Metal Roof

Interior Spaces

  • 2-Story Property
  • Multiple Fireplaces
  • Living Room with Fireplace
  • Wood Flooring
  • Laundry Room

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Fireplace in Primary Bedroom

Schools

  • Mont Union Elementary School
  • S.B. Jr. Middle School
  • S.B. Sr. High School

Additional Features

  • Property is near an ocean
  • Sewer Stub Out

Listing and Financial Details

  • Assessor Parcel Number 009-360-005

Home Details

Home Type

Single Family

Est. Annual Taxes

$202,379

Year Built

Built in 2012

Lot Details

0

Listing Details

  • Prop. Type: Residential
  • Year Built: 2012
  • Reso Property Sub Type: Home/Estate
  • Road Frontage Type: Oceanfront
  • ResoLaundryFeatures: Laundry Room
  • ResoLotFeatures: Waterfront, Oceanfront
  • ResoSecurityFeatures: Gate:Elec
  • Reso Flooring: Wood
  • Garage Yn: Yes
  • Unit Levels: Two
  • New Construction: No
  • Reso Property Condition: Excellent
  • Property Information Year Built2: 2012
  • Property Information Total #Units: 1
  • NeighborhoodSchools Elementary School: Mont Union
  • NeighborhoodSchools Junior High School: S.B. Jr.
  • NeighborhoodSchools High School: S.B. Sr.
  • View Panoramic2: Yes
  • Property Information Within City Limits: No
  • Condition Excellent: Yes
  • GroundsLandscaping Lawn2: Yes
  • Proximity Near Ocean2: Yes
  • Laundry Laundry Room2: Yes
  • Fireplace(s) LR: Yes
  • Security GateElec: Yes
  • WaterSewer Sewer Hookup: Yes
  • Construction Two Story2: Yes
  • Fireplace(s):_two_4: Yes
  • Fireplace(s) Primary Bedroom: Yes
  • ViewOcean: Yes
  • FlrWdw Coverings Wood2: Yes
  • ParkingGarage Gar #4: Yes
  • LocationTopo Oceanfront2: Yes
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Fireplace Features: Primary Bedroom, 2+, LR

Exterior Features

  • Roof: Metal
  • View: Ocean, Panoramic
  • Waterfront Features: Ocean Front
  • Waterfront: Yes
  • Exterior Features: Lawn
  • ConstructionSiding:Roof Metal: Yes

Garage/Parking

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

Utilities

  • Water Source: Mont Wtr

Schools

  • Elementary School: Mont Union
  • High School: S.B. Sr.
  • Middle Or Junior School: S.B. Jr.

Lot Info

  • Parcel #: 009-360-005
  • Zoning: Other

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 16, 2019
Closed on
Oct 15, 2019
Sold by
Terzian Nina and Nina Terzian Revocable Trust
Bought by
Vanwolfswinkel Randall Van
Seller's Agent
Dan Encell
Berkshire Hathaway HomeServices California Properties
Buyer's Agent
Sheela Hunt
Village Properties
List Price
$19,995,000
Sold Price
$17,888,000
Premium/Discount to List
-$2,107,000
-10.54%
Current Estimated Value
$20,943,113

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$3,055,113
Avg. Annual Appreciation
2.73%
Original Mortgage
$9,000,000
Interest Rate
3.4%
Mortgage Type
Seller Take Back

Purchase Details

Listed on
Feb 16, 2019
Closed on
Oct 9, 2019
Sold by
Terzian Nina and Nina Terzian Revocable Trust
Bought by
Terzian Rouben
Seller's Agent
Dan Encell
Berkshire Hathaway HomeServices California Properties
Buyer's Agent
Sheela Hunt
Village Properties
List Price
$19,995,000
Sold Price
$17,888,000
Premium/Discount to List
-$2,107,000
-10.54%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$9,000,000
Interest Rate
3.4%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Aug 29, 2014
Sold by
Terzian Nina
Bought by
Terzian Nina

Purchase Details

Closed on
May 9, 2005
Sold by
Larsen Milt and Larsen Arlene J
Bought by
Terzian Nina

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$5,000,000
Interest Rate
5.87%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 5, 2005
Sold by
Terzian Rouben
Bought by
Terzian Nina

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$5,000,000
Interest Rate
5.87%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 17, 2002
Sold by
Larsen Milt and Larsen Arlene J
Bought by
Larsen Milt and Larsen Arlene J
Source: Public Records

Range of Values:

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Average Value
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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
Vanwolfswinkel Randall Van $17,888,000 Chicago Title Company
Terzian Rouben -- None Available
Terzian Nina -- None Available
Terzian Nina -- Lawyers Title Company
Terzian Nina -- Lawyers Title Company
Larsen Milt -- --
Larsen Milt -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Vanwolfswinkel Randall $12,000,000
Closed Vanwolfswinkel Randall Van $9,000,000
Previous Owner Terzian Nina $5,000,000
Previous Owner Terzian Nina $5,000,000
Previous Owner Larsen Arlene J $2,600,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/17/2019 10/17/19 Sold $17,888,000 -10.5% $7,818 / Sq Ft
09/12/2019 09/12/19 Pending -- -- --
02/15/2019 02/15/19 For Sale $19,995,000 -- $8,739 / Sq Ft
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 $202,379 $19,723,278 $14,217,398 $5,505,880
2023 $202,379 $18,803,479 $13,665,320 $5,138,159
2022 $193,521 $18,434,783 $13,397,372 $5,037,411
2021 $189,462 $18,073,318 $13,134,679 $4,938,639
2020 $187,587 $17,888,000 $13,000,000 $4,888,000
2019 $171,754 $16,364,729 $11,176,370 $5,188,359
2018 $168,443 $16,043,853 $10,957,226 $5,086,627
2017 $165,440 $15,729,269 $10,742,379 $4,986,890
2016 $160,400 $15,420,853 $10,531,745 $4,889,108
2014 $155,440 $14,891,684 $10,170,346 $4,721,338
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Santa Barbara Multiple Listing Service

MLS Number: 19-514

Santa Barbara Multiple Listing Service

APN: 009-360-005