$4,975,000
$175K PRICE DROP

Estimated payment $29,413/month

Total Views 11,604
4 Beds
6 Baths
8,944 Sq Ft
$556 Price per Sq Ft

Highlights

  • Ocean View
  • 4.12 Acre Lot
  • Deck
  • Santa Barbara Senior High School Rated A-
  • Fireplace in Primary Bedroom
  • Contemporary Architecture

About This Home

Perched atop the coveted Eucalyptus Hill neighborhood, this private estate is enveloped in lush greenery, capturing ocean and mountain views. Set on 4+ acres, the 4-bed residence offers a refined sense of scale, with soaring ceilings and a light-filled, open layout. The ground-floor primary suite is a serene sanctuary, complete with a generous walk-in closet and sunrise vistas. The middle level offer three additional bedrooms, a spacious family room and access to the private backyard. The lower-level flex space opens directly to the backyard and offers immense potential, easily serving as a gym, wellness retreat, pool house, studio, or additional storage. Above it all, the rooftop terrace crowns this rare and remarkable offering, showcasing panoramic views in an ultra-private setting. At under 600 USD per square foot, this property represents an exceptional opportunity, offering an uncommon combination of acreage, scale, privacy, views, and versatility at a value rarely seen in Santa Barbara. With over four acres, expansive living spaces, and resort-like potential, the estate delivers a compelling price point for buyers seeking both immediate enjoyment and long-term upside in a premier location.

Listing Agent

Teddy Muller

Village Properties License #02160267 Listed on: 03/24/2026

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1979

Lot Details

  • 4.12 Acre Lot
  • Back Yard Fenced
  • Lot Sloped Down
  • Hilly Lot
  • Property is in good condition

Parking

  • Garage

Property Views

  • Ocean
  • Mountain
  • Park or Greenbelt

Home Design

  • Contemporary Architecture
  • Tri-Level Property
  • Flat Roof Shape
  • Wood Siding
  • Stucco

Interior Spaces

  • 8,944 Sq Ft Home
  • Skylights
  • Great Room
  • Family Room
  • Living Room with Fireplace
  • Dining Area
  • Home Office
  • Library
  • Game Room
  • Home Gym
  • Laundry Room

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Primary Bedroom on Main
  • Fireplace in Primary Bedroom

Outdoor Features

  • Deck
  • Open Patio

Schools

  • Cleveland Elementary School
  • S.B. Jr. Middle School
  • S.B. Sr. High School

Additional Features

  • Accessible Elevator Installed
  • Forced Air Heating System

Community Details

  • 15 Eucalyptus Hill Subdivision

Listing and Financial Details

  • Assessor Parcel Number 015-161-054
  • Seller Considering Concessions

Home Details

Home Type

Single Family

Year Built

Built in 1979

Lot Details

4.12 Acres

Listing Details

  • Directions: From 101 N, exit Salinas Street, take first Right at the roundabout to Alameda Padre Serra, turn Right on Eucalyptus Hill Road.
  • Prop. Type: Residential
  • Year Built: 1979
  • Reso Property Sub Type: Home/Estate
  • ResoLaundryFeatures: Laundry Room
  • ResoLotFeatures: Sloped Down
  • Subdivision Name: 15 - Eucalyptus Hill
  • Reso Accessibility Features: Accessible Elevator Installed
  • Architectural Style: Contemporary
  • Reso Flooring: Carpet, Hardwood, Tile
  • Unit Levels: Tri-Level
  • New Construction: No
  • Reso Property Condition: Good
  • Property Information Year Built2: 1979
  • Property Information Apx # Acres: 4.12
  • NeighborhoodSchools Elementary School: Cleveland
  • NeighborhoodSchools Junior High School: S.B. Jr.
  • NeighborhoodSchools High School: S.B. Sr.
  • View Mountain(s)2: Yes
  • LocationTopo Hilly2: Yes
  • Property Information ADU: No
  • Property Information Within City Limits: No
  • Exterior Wood Siding: Yes
  • Exterior:Stucco: Yes
  • View Setting2: Yes
  • Rooms Family Room4: Yes
  • Rooms Ground Floor Primary: Yes
  • Dining Dining Area2: Yes
  • Laundry Laundry Room2: Yes
  • Amenities Skylight2: Yes
  • Fireplace(s) LR: Yes
  • FlrWdw Coverings Hardwood2: Yes
  • FlrWdw Coverings Tile3: Yes
  • Rooms Exercise Room2: Yes
  • Rooms Office3: Yes
  • Fireplace(s) Primary Bedroom: Yes
  • Condition Good2: Yes
  • Style:Contemporary2: Yes
  • FlrWdw Coverings Carpet: Yes
  • ViewOcean: Yes
  • View Green Belt2: Yes
  • ParkingGarage Gar #12: Yes
  • LocationTopo Downslope2: Yes
  • Rooms:Den: Yes
  • Rooms LbryStudy: Yes
  • Amenities Elevator4: Yes
  • Handicapped Access Elevator3: Yes
  • Construction Tri-Level2: Yes
  • Rooms Game Room3: Yes
  • Fireplace(s) 23: Yes
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Full Bathrooms: 3
  • Half Bathrooms: 3
  • Total Bedrooms: 4
  • Fireplace Features: Living Room, Primary Bedroom
  • Other Rooms:Great Room: Yes

Exterior Features

  • Roof: Flat
  • View: Park/Greenbelt, Mountain(s), Ocean, Setting
  • Construction Type: Wood Siding, Stucco
  • Fencing: Back Yard
  • Acres: 4.12
  • Topography: Downslope, Hilly
  • Patio And Porch Features: Patio, Deck
  • ConstructionSiding:Roof Flat: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: Garage

Utilities

  • Heating: Forced Air
  • HeatingYN: Yes
  • Water Source: SB Wtr
  • Heating:Forced Air: Yes

Schools

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

Lot Info

  • Parcel #: 015-161-054
  • Zoning: R-1
  • Lot Size Sq Ft: 179467.2
  • ResoLotSizeUnits: Acres

Map

Range of Values:

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Value Increase
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $36,131 $3,483,440 $2,143,658 $1,339,782
2025 $36,131 $3,415,138 $2,101,626 $1,313,512
2023 $35,510 $3,282,525 $2,020,018 $1,262,507
2022 $34,260 $3,218,162 $1,980,410 $1,237,752
2021 $33,472 $3,155,062 $1,941,579 $1,213,483
2020 $28,539 $2,689,000 $1,656,000 $1,033,000
2019 $28,598 $2,689,000 $1,656,000 $1,033,000
2018 $28,188 $2,636,000 $1,623,000 $1,013,000
2017 $26,475 $2,510,000 $1,545,000 $965,000
2016 $25,053 $2,390,000 $1,471,000 $919,000
2014 $21,862 $2,069,000 $1,273,000 $796,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
04/21/2026 04/21/26 Price Changed $4,975,000 -3.4% $556 / Sq Ft
03/24/2026 03/24/26 For Sale $5,150,000 -- $576 / Sq Ft
Source: Santa Barbara Multiple Listing Service

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Type Sale Price Title Company
Grant Deed -- --
Grant Deed $2,600,000 First American Title Company
Grant Deed -- Fidelity National Title
Grant Deed -- Fidelity National Title Co
Grant Deed -- Fidelity National Title Co
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Loan Amount Loan Type
Previous Owner $1,000,000 Credit Line Revolving
Previous Owner $1,890,000 New Conventional
Previous Owner $1,942,000 Second Mortgage Made To Cover Down Payment
Previous Owner $1,820,000 Unknown
Previous Owner $1,650,000 Negative Amortization
Previous Owner $960,000 No Value Available
Source: Public Records

Source: Santa Barbara Multiple Listing Service

MLS Number: 26-943

Santa Barbara Multiple Listing Service

APN: 015-161-054

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