Seller's Agent in 2023
Rachael Douglas
Berkshire Hathaway HomeServices California Properties
(805) 969-5026
10 in this area
51 Total Sales
1492 E Mountain Dr Santa Barbara, CA 93108
Estimated Value: $7,457,000 - $11,281,161
6
Acres
$1,455,965
Price per Acre
261,360
Sq Ft Lot
Highlights
- Ocean View
- Property is near an ocean
- Property is near park, schools, and shops
- Santa Barbara Senior High School Rated A-
- 6 Acre Lot
About This Lot
As of November 2023Welcome to Montecito's most exclusive and coveted real estate opportunity, a breathtaking 6-acres in total (1492 East Mountain Drive consists of 1.83 acres and 1496 East Mountain Drive consists of 4.17 acres) with panoramic ocean and island views as well as the unique opportunity to own a 1 acre producing Chardonnay vineyard. Located in the prestigious ''Golden Quadrangle'' of Montecito, California, this remarkable property is situated near the famed San Ysidro Ranch and minutes to Butterfly Beach, The Coral Casino, Birnam Wood Golf Club, Knowlwood Tennis Club and The Montecito Club, offering access to a truly luxurious lifestyle. This remarkable 2 parcel property offers the chance to build your dream estate while living onsite in the existing traditionally styled French home, featuring Welcome to Montecito's most exclusive and coveted real estate opportunity, a breathtaking 6-acres in total (1492 East Mountain Drive consists of 1.83 acres and 1496 East Mountain Drive consists of 4.17 acres) with panoramic ocean and island views as well as the unique opportunity to own a 1 acre producing Chardonnay vineyard. Located in the prestigious ''Golden Quadrangle'' of Montecito, California, this remarkable property is situated near the famed San Ysidro Ranch and minutes to Butterfly Beach, The Coral Casino, Birnam Wood Golf Club, Knowlwood Tennis Club and The Montecito Club, offering access to a truly luxurious lifestyle. This remarkable 2 parcel property offers the chance to build your dream estate while living onsite in the existing traditionally styled French home, featuring 4 bedrooms and 5 baths, a spa and a sparkling pool. This charming residence showcases exquisite craftsmanship and offers lovely views of the Pacific Ocean and the Channel Islands. Step outside to take a walk and be greeted by the beauty of your vineyard, where rows of Chardonnay vines thrive, adding to the allure and character of the property.
The combination of stunning ocean views, the tranquility of the vineyard, and the elegant French home creates an idyllic setting for a luxurious lifestyle. This property allows you to indulge in the art of winemaking while embracing the beauty of the surrounding landscape.
Design your dream estate, complete with all the amenities to indulge in the epitome of luxury living. Utilize the expansive acreage to craft a private oasis, where lush gardens, serene pathways, and breathtaking vistas come together to create a harmonious retreat. Imagine hosting extravagant soirees on your sprawling terraces, with a backdrop of mesmerizing sunset views and the opportunity to serve the wine that you have produced. Whether you envision a grand estate or a private compound, this property can accommodate your vision of the ultimate luxury lifestyle.
Montecito is renowned for its natural beauty, refined elegance, and exclusive community, making it an ideal place to call home. With its proximity to world-class amenities and the allure of a relaxed coastal lifestyle, this property is a rare gem. Seize this unique opportunity to build your dream home, establish a legacy property, and enjoy the privilege of living in one of California's most prestigious coastal communities.
Last Agent to Sell the Property
Berkshire Hathaway HomeServices California Properties License #02024147 Listed on: 08/11/2023
Property Details
Property Type
- Land
Lot Details
- 6
Property Views
- Ocean
- Panoramic
- Mountain
Schools
- Mont Union Elementary School
- S.B. Jr. Middle School
- S.B. Sr. High School
Additional Features
- Property is near an ocean
- 6 Acre Lot
- Property is near park, schools, and shops
Listing and Financial Details
- Assessor Parcel Number 011-060-045
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Aug 11, 2023
Closed on
Nov 8, 2023
Sold by
Constance 1496 East Mountain Ltd
Bought by
Ardalan E Azad Family Trust and Azad
Seller's Agent
Rachael Douglas
Berkshire Hathaway HomeServices California Properties
Buyer's Agent
Marcy Bazzani
Village Properties
List Price
$18,000,000
Sold Price
$12,000,000
Premium/Discount to List
-$6,000,000
-33.33%
Views
60
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$3,264,210
Avg. Annual Appreciation
-13.85%
Purchase Details
Closed on
Apr 15, 2014
Sold by
Pearcy Constance F
Bought by
Constance 1496 East Mountain Ltd
Purchase Details
Closed on
Jun 28, 2006
Sold by
Pearcy John K
Bought by
Prescott Interests Ltd
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,000,000
Interest Rate
6.57%
Mortgage Type
Credit Line Revolving
Purchase Details
Closed on
Sep 13, 1999
Sold by
Pearcy John K
Bought by
Montecito Interest Ltd
Purchase Details
Closed on
Sep 8, 1999
Sold by
Pearcy Constance F
Bought by
Pearcy John K
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Ardalan E Azad Family Trust | $12,000,000 | First American Title | |
| Constance 1496 East Mountain Ltd | -- | None Available | |
| Pearcy Constance F | -- | None Available | |
| Pearcy John K | -- | None Available | |
| Prescott Interests Ltd | -- | None Available | |
| Pearcy John K | -- | Fidelity National Title Co | |
| Pearcy John K | -- | Fidelity National Title Co | |
| Montecito Interest Ltd | -- | Lawyers Title Company | |
| Pearcy John K | -- | Lawyers Title Company |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Pearcy John K | $2,000,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 11/20/2023 11/20/23 | Sold | $12,000,000 | 0.0% | -- | |
| 11/20/2023 11/20/23 | Sold | $12,000,000 | -20.0% | $2,682 / Sq Ft | View Prior Sale |
| 11/01/2023 11/01/23 | Pending | -- | -- | -- | |
| 11/01/2023 11/01/23 | Pending | -- | -- | -- | |
| 10/16/2023 10/16/23 | Price Changed | $15,000,000 | 0.0% | -- | |
| 10/16/2023 10/16/23 | Price Changed | $15,000,000 | -16.7% | $3,352 / Sq Ft | |
| 08/11/2023 08/11/23 | For Sale | $18,000,000 | 0.0% | -- | |
| 07/28/2023 07/28/23 | For Sale | $18,000,000 | -- | $4,022 / Sq Ft |
Source: Santa Barbara Multiple Listing Service
Tax History Compared to Growth
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 | $73,975 | $7,140,000 | $4,080,000 | $3,060,000 |
| 2023 | $73,975 | $4,605,338 | $3,713,276 | $892,062 |
| 2022 | $48,579 | $4,515,038 | $3,640,467 | $874,571 |
| 2021 | $47,581 | $4,426,509 | $3,569,086 | $857,423 |
| 2020 | $47,121 | $4,381,122 | $3,532,490 | $848,632 |
| 2019 | $45,896 | $4,295,219 | $3,463,226 | $831,993 |
| 2018 | $45,026 | $4,211,000 | $3,395,320 | $815,680 |
| 2017 | $44,188 | $4,128,433 | $3,328,746 | $799,687 |
| 2016 | $42,848 | $4,047,484 | $3,263,477 | $784,007 |
| 2014 | $41,446 | $3,908,596 | $3,151,491 | $757,105 |
Source: Public Records
Agents Affiliated with this Home
-
Rachael Douglas
-
Marcy Bazzani
M
Buyer's Agent in 2023
Marcy Bazzani
Village Properties
(805) 717-0450
5 in this area
30 Total Sales
Map
Source: Santa Barbara Multiple Listing Service
MLS Number: 23-2394
APN: 011-060-045
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