$4,000,000
OPEN SUN 1PM - 4PM

2985 E Valley Rd Santa Barbara, CA 93108

Toro Canyon Neighborhood

Estimated payment $22,965/month

Total Views 1,848
3 Beds
3 Baths
2,120 Sq Ft
$1,887 Price per Sq Ft

Highlights

  • Ocean View
  • Fireplace in Primary Bedroom
  • Double Pane Windows
  • Custom Home
  • Double Oven
  • Cooling Available

About This Home

Perched in the peaceful hills of Montecito, this striking ultra-modern residence delivers a rare balance of architectural precision and effortless luxury. Designed to impress while remaining deeply livable, the home captures sweeping panoramic views of the Santa Ynez Mountains and the Pacific Ocean. This new construction home is defined by light and openness. Expansive floor-to-ceiling glass invites the outdoors in, bathing the interiors in natural light and framing the surrounding beauty from nearly every angle. The open-concept floor plan flows seamlessly to peaceful outdoor entertaining spaces, all set on approximately one acre of private, serene grounds. The gourmet kitchen features top-of-the-line appliances, custom cabinetry, and a large center island with ample seating. The primary suite serves as a peaceful retreat with floor-to-ceiling glass doors and ocean views. Located in one of Montecito's most coveted neighborhoods, this exceptional residence offers the ultimate blend of luxury, privacy, and convenience. Experience the pinnacle of modern living in this extraordinary Montecito retreat.

Listing Agent

Simone Eurich

Village Properties License #02105209 Listed on: 02/12/2026

Co-Listing Agent

Susan Jordano

Village Properties License #01775462

Open House Schedule

Home Details

Home Type

  • Single Family

Year Built

  • Built in 2023

Lot Details

  • Gated Home
  • Drought Tolerant Landscaping
  • Property is in excellent condition

Parking

  • Driveway

Property Views

  • Ocean
  • Peek-A-Boo
  • Mountain

Home Design

  • Custom Home
  • Contemporary Architecture
  • Flat Roof Shape
  • Wood Siding
  • Cement Siding

Interior Spaces

  • 2,120 Sq Ft Home
  • 1-Story Property
  • Double Pane Windows
  • ENERGY STAR Qualified Windows
  • Blinds
  • Dining Area
  • Concrete Flooring

Kitchen

  • Double Oven
  • Gas Range
  • Microwave
  • Dishwasher
  • ENERGY STAR Qualified Appliances

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Fireplace in Primary Bedroom
  • 3 Full Bathrooms

Laundry

  • Laundry Room
  • Washer

Home Security

  • Home Security System
  • Fire and Smoke Detector
  • Fire Sprinkler System

Schools

  • Summerland Elementary School
  • Carp. Jr. Middle School
  • Carp. Sr. High School

Utilities

  • Cooling Available
  • Heating Available
  • Tankless Water Heater
  • Septic System

Listing and Financial Details

  • Assessor Parcel Number 005-040-020
  • Seller Considering Concessions

Home Details

Home Type

Single Family

Year Built

Built in 2023

Lot Details

0 Sq Ft Lot

Listing Details

  • Directions: Property is located at the end of a shared driveway on the left. It is the last driveway before you get to the bridge where East Valley turns into Toro Canyon.
  • Prop. Type: Residential
  • Year Built: 2023
  • ResoWindowFeatures: Blinds
  • Reso Property Sub Type: Home/Estate
  • ResoLaundryFeatures: Laundry Room
  • ResoLotFeatures: Wooded
  • ResoSecurityFeatures: Gate:Elec, Security Camera, Security System, Fire Alarm, Smoke Detector(s), Fire Sprinkler System
  • Co List Office Mls Id: vip
  • Co List Office Phone: 805-969-8900
  • Architectural Style: Custom Built, Contemporary
  • Reso Flooring: Concrete
  • Unit Levels: Single Story, Outside Stairs
  • New Construction: No
  • Reso Property Condition: Excellent
  • Property Information Year Built2: 2023
  • Property Information Total #Units: 1
  • NeighborhoodSchools Elementary School: Summerland
  • NeighborhoodSchools Junior High School: Carp. Jr.
  • NeighborhoodSchools High School: Carp. Sr.
  • View Mountain(s)2: Yes
  • Property Information ADU: No
  • Property Information Within City Limits: No
  • Condition Excellent: Yes
  • Construction Single Story2: Yes
  • Exterior Wood Siding: Yes
  • GroundsLandscaping Drought Tolerant LND2: Yes
  • View Setting2: Yes
  • Rooms Ground Floor Primary: Yes
  • Dining Dining Area2: Yes
  • Laundry Laundry Room2: Yes
  • Amenities Dual Pane Window2: Yes
  • Appliances Included Dishwasher3: Yes
  • Appliances Included Gas Range2: Yes
  • Appliances Included Microwave3: Yes
  • Appliances Included Washer3: Yes
  • Security Security System: Yes
  • Security GateElec: Yes
  • Security Smoke Detector(s)2: Yes
  • Security Fire Sprinkler System: Yes
  • FlrWdw Coverings Blinds: Yes
  • Fireplace(s) Primary Bedroom: Yes
  • Security Security Camera2: Yes
  • Style:Contemporary2: Yes
  • WaterSewer Septic In: Yes
  • ViewOcean: Yes
  • Security Fire Alarm2: Yes
  • Style Custom Built: Yes
  • Exterior Cement Siding: Yes
  • GroundsLandscaping Permeable Driveway2: Yes
  • Appliances Included Energy Star Applianc: Yes
  • View PartialFiltered2: Yes
  • FlrWdw Coverings Concrete2: Yes
  • Special Features: OpenHouse
  • Property Sub Type: Detached

Interior Features

  • Appliances: ENERGY STAR Qualified Appliances, Refrigerator, Gas Range, Tankless Water Heater, Dishwasher, Double Oven, Microwave, Washer
  • Full Bathrooms: 3
  • Total Bedrooms: 3
  • Fireplace Features: Primary Bedroom
  • Appliances Included:Tankless Water Heater: Yes
  • Appliances Included:Double Oven2: Yes

Exterior Features

  • Roof: Flat
  • View: Mountain(s), Ocean, Setting, Partial/Filtered
  • Construction Type: Cement Siding, Wood Siding
  • Exterior Features: Drought Tolerant LND, Permeable Driveway
  • Foundation Details: Mixed
  • Patio And Porch Features: Patio, Deck, Covered
  • ConstructionSiding:Roof Flat: Yes
  • Window Features:ENERGY STAR Qualified Windows: Yes

Utilities

  • Cooling: Other
  • Heating: Other
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Water Source: Mont Wtr

Schools

  • Elementary School: Summerland
  • High School: Carp. Sr.
  • Middle Or Junior School: Carp. Jr.

Lot Info

  • Parcel #: 005-040-020
  • Zoning: R-1

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

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 $28,542 $2,764,397 $800,897 $1,963,500
2023 $28,542 $1,198,230 $698,230 $500,000
2022 $7,357 $676,500 $676,500 $0
2021 $1,903 $158,547 $158,547 $0
2020 $1,850 $156,922 $156,922 $0
2019 $1,659 $153,846 $153,846 $0
2018 $1,634 $150,830 $150,830 $0
2017 $1,606 $147,873 $147,873 $0
2016 $1,579 $144,974 $144,974 $0
2014 $4,945 $480,388 $480,388 $0
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/03/2026 03/03/26 For Sale $4,000,000 0.0% $1,887 / Sq Ft
03/03/2026 03/03/26 Off Market $4,000,000 -- --
02/12/2026 02/12/26 For Sale $4,000,000 +595.7% $1,887 / Sq Ft
03/01/2021 03/01/21 Sold $575,000 -0.7% -- View Prior Sale
01/29/2021 01/29/21 Pending -- -- --
01/15/2021 01/15/21 For Sale $579,000 -- --
Source: Santa Barbara Multiple Listing Service

Purchase History

Date Type Sale Price Title Company
Deed -- Ticor Title
Grant Deed -- Ticor Title
Grant Deed $575,000 Chicago Title Company
Grant Deed $140,000 Chicago Title Company
Trustee Deed $150,076 Accommodation
Grant Deed $383,500 Equity Title Company
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $1,525,000 New Conventional
Closed $1,525,000 Construction
Previous Owner $399,625 New Conventional
Previous Owner $112,000 Seller Take Back
Previous Owner $195,000 Purchase Money Mortgage
Source: Public Records

Source: Santa Barbara Multiple Listing Service

MLS Number: 26-483

Santa Barbara Multiple Listing Service

APN: 005-040-020

California Santa Barbara County Santa Barbara 93108 Toro Canyon

2985 E Valley Rd, Santa Barbara, CA

For Sale

Detached

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