$42,000,000

Estimated payment $224,698/month

Total Views 7,034
5 Beds
6.5 Baths
7,544 Sq Ft
$5,567 Price per Sq Ft

Highlights

  • Ocean Front
  • Estate
  • Wood Flooring
  • Tennis Courts
  • 5.47 Acre Lot
  • Main Floor Primary Bedroom

About This Home

Commanding 5.47± acres along one of the most premier stretches of Padaro Lane, this extraordinary estate captures the essence of a once-in-a-generation offering. With 335± feet of ocean frontage spanning two parcels--each with private beach access--the setting is nothing short of remarkable, anchoring one of the area's most significant legacy properties. The park-like grounds are supported by a private water well, enhancing both beauty and self-sufficiency. Originally built circa 1920 and attributed to a collaboration between James Osborne Craig and Francis W. Wilson, the residence carries the imprint of a distinguished architectural heritage. Today, it offers a compelling opportunity to restore, enhance, or re-envision the estate, honoring its legacy while shaping its next chapter.

Listing Agent

Robert Riskin

Village Properties License #01815307 / 01447045 / 01954177 / 01951069 Listed on: 03/31/2026

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1920

Lot Details

  • 5.47 Acre Lot
  • Ocean Front
  • Gated Home
  • Level Lot
  • Lawn
  • Property is zoned E-1

Parking

  • Detached Garage

Property Views

  • Ocean
  • Beach
  • Island
  • Coastline
  • Panoramic
  • Mountain

Home Design

  • Estate
  • Flat Roof Shape
  • Raised Foundation
  • Tile Roof
  • Stucco

Interior Spaces

  • 7,544 Sq Ft Home
  • 2-Story Property
  • Living Room with Fireplace
  • Formal Dining Room
  • Monitored

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Primary Bedroom on Main

Outdoor Features

  • Property is near an ocean
  • Tennis Courts

Location

  • Property is near shops

Schools

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

Utilities

  • Well
  • Septic System

Community Details

  • 05 Padaro Subdivision
  • Restaurant

Listing and Financial Details

  • Assessor Parcel Number 005-380-030
  • Seller Considering Concessions

Home Details

Home Type

Single Family

Year Built

Built in 1920

Lot Details

5.47 Acres

Listing Details

  • Directions: 101 Freeway to Padaro Lane exit.
  • Prop. Type: Residential
  • Year Built: 1920
  • Reso Property Sub Type: Home/Estate
  • ResoLotFeatures: Level, Waterfront, Oceanfront
  • ResoSecurityFeatures: Monitored, Gate:Elec
  • Subdivision Name: 05 - Padaro
  • Architectural Style: Other, Estate
  • Reso Flooring: Carpet, Hardwood, Tile
  • Garage Yn: Yes
  • Unit Levels: Two
  • Reso Other Structures: Other
  • Property Information Year Built2: 1920
  • Property Information Apx # Acres: 5.47
  • NeighborhoodSchools Elementary School: Aliso
  • NeighborhoodSchools Junior High School: Carp. Jr.
  • NeighborhoodSchools High School: Carp. Sr.
  • View Mountain(s)2: Yes
  • View Panoramic2: Yes
  • LocationTopo Level: Yes
  • Property Information ADU: No
  • Property Information Within City Limits: No
  • Exterior:Stucco: Yes
  • GroundsLandscaping Lawn2: Yes
  • View Setting2: Yes
  • Proximity Near Ocean2: Yes
  • Rooms Ground Floor Primary: Yes
  • Fireplace(s) LR: Yes
  • Security GateElec: Yes
  • FlrWdw Coverings Hardwood2: Yes
  • FlrWdw Coverings Tile3: Yes
  • Property Information Main House SqFt: 7544.0
  • Style Estate2: Yes
  • Construction Two Story2: Yes
  • Proximity Near Shopping2: Yes
  • Proximity Restaurants: Yes
  • Dining Formal2: Yes
  • WaterSewer Pvt Well In: Yes
  • WaterSewer Septic In: Yes
  • FlrWdw Coverings Carpet: Yes
  • Roof:Tile2: Yes
  • GroundsLandscaping Tennis Court(s)3: Yes
  • ViewOcean: Yes
  • View Coastline: Yes
  • View Islands: Yes
  • ParkingGarage Detached: Yes
  • View Beach2: Yes
  • ParkingGarage Gar #12: Yes
  • Foundation Raised: Yes
  • LocationTopo Oceanfront2: Yes
  • Security Monitored2: Yes
  • Fireplace(s) 24: Yes
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Full Bathrooms: 6
  • Half Bathrooms: 1
  • Total Bedrooms: 5
  • Fireplace Features: Living Room, Other

Exterior Features

  • Roof: Tile, Flat
  • View: Beach, Mountain(s), Islands, Coastline, Ocean, Setting, Panoramic
  • Construction Type: Stucco
  • Fencing: Partial
  • Acres: 5.47
  • Topography: Level
  • Waterfront Features: Ocean Front
  • Waterfront: Yes
  • Exterior Features: Tennis Court(s), Lawn
  • Foundation Details: Raised
  • ConstructionSiding:Roof Flat: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: Garage, Circular Driveway, Detached

Utilities

  • Water Source: Private, Carp Wtr

Schools

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

Lot Info

  • Parcel #: 005-380-030
  • Zoning: E-1
  • Lot Size Sq Ft: 238273.2
  • ResoLotSizeUnits: Acres

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 $5,860 $518,823 $296,509 $222,314
2023 $5,860 $498,679 $284,997 $213,682
2022 $5,930 $488,902 $279,409 $209,493
2021 $5,818 $479,317 $273,931 $205,386
2020 $5,782 $474,404 $271,123 $203,281
2019 $4,996 $465,103 $265,807 $199,296
2018 $4,918 $455,985 $260,596 $195,389
2017 $4,833 $447,045 $255,487 $191,558
2016 $4,749 $438,280 $250,478 $187,802
2014 $4,423 $423,243 $241,884 $181,359
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/31/2026 03/31/26 For Sale $42,000,000 -- $5,567 / Sq Ft
Source: Santa Barbara Multiple Listing Service

Purchase History

Date Type Sale Price Title Company
Deed -- None Available
Deed -- None Available
Deed -- None Available
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- First American Title Company
Deed -- None Available
Interfamily Deed Transfer -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $2,000,000 New Conventional
Source: Public Records

Source: Santa Barbara Multiple Listing Service

MLS Number: 26-1030

Santa Barbara Multiple Listing Service

APN: 005-380-030

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