2985 E Valley Rd Santa Barbara, CA 93108
Toro Canyon NeighborhoodEstimated payment $23,586/month
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.
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
Map
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 | $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 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 03/20/2026 03/20/26 | Pending | -- | -- | -- | |
| 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 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | -- | None Listed On Document | |
| 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 |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $1,525,000 | New Conventional | |
| Previous Owner | $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: Santa Barbara Multiple Listing Service
MLS Number: 26-483
APN: 005-040-020
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
This information is being provided for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties that you may be interested in purchasing. Data relating to real estate for sale on this Website comes from the Internet Data Exchange Program of the Santa Barbara Multiple Listing Service. All information is deemed reliable, but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither the Santa Barbara Multiple Listing Service nor the listing broker(s) shall be responsible for any typographical errors, misinformation, or misprints.
Copyright 2026 Santa Barbara Multiple Listing Service. All rights reserved.
- 2815 E Valley Rd
- 2820 Torito Rd
- 405 Toro Canyon Rd
- 450 Lambert Rd
- 338 Toro Canyon Rd
- 3330 Foothill Rd
- 3091 Hidden Valley Ln
- 838 Toro Canyon Rd
- 249 Lambert Rd
- 892 Toro Canyon Rd
- 3375 Foothill Rd Unit 1132
- 3375 Foothill Rd Unit 921
- 3375 Foothill Rd Unit 1123
- 3282 Eleanor Dr
- 3292 Eleanor Dr
- 3265 Polo Dr
- 121 Polo Dr
- 3285 Polo Dr
- 130 Polo Way
- 123 Polo Way
Ask me questions while you tour the home.