NOT LISTED FOR SALE

Estimated Value: $4,797,000 - $16,763,141

6 Beds
6.5 Baths
3,891 Sq Ft
$2,771/Sq Ft Est. Value

Last Sold June 04, 2019

Last sale price $17,200,000 $4,420 Per Sq Ft

Est. 37% decrease in value since last sale

Current estimated payment $73,722/month

263 Days on Market

Highlights

  • Additional Residence on Property
  • Spa
  • 0.94 Acre Lot
  • Ocean Front
  • Updated Kitchen
  • Fruit Trees

About This Home

As of June 2019

Exquisite gated & private beachfront estate with unsurpassed ocean, island & coastline views from protected elevated location above yet with direct access to the sand and a generous 100' of beach frontage. Gorgeous single level 4/4.5 South facing Contemporary main residence with walls of glass, beautiful 2/2 guest house, sparking pool with spa and stunning landscaping with sun drenched terraces, majestic Cypress, Ficus & fruit trees, flowering and organic vegetable gardens on appx. one acre. Rarely are properties of this superb caliber available. Treasured for decades by the current owners, this home will provide its new owners a truly incomparable lifestyle on Santa Barbara's best beach. Commanding unsurpassed ocean, island and coastline views from an elevated setting just above yet with easy access to the sand of Padaro Lane, the most desirable beach in the Santa Barbara area, this exquisite property offers a stunning main residence, beautiful guest house and majestic landscaping.

South facing, this beautiful Contemporary four bedroom/four and one-half bath home is suffused with light throughout the day. The breathtaking living room with limestone fireplace has walls of glass overlooking the sea. The ocean view family room with fireplace has built-in bookcases and limestone floors, while the dining area enjoys views of both the ocean and mountains. The gourmet kitchen is a chef's dream, with granite counters, SieMatic cabinets, a custom stainless hood, walk-in pantry and an abundance of storage. The master bedroom suite offers ocean and pool views, high ceilings and dual walk-in closets, while the Carrera marble master bath has a steam shower, jetted tub and separate room for bidet and commode. Other features found within the residence are hand made floor tiles, carved teak doors, an integrated sound system and alarm system, while outside the pool and spa were recently redone with the popular "PebbleTech" surface.

Family and guests will enjoy the beautifully appointed and private two bedroom/two bath guest house, with its attractive tongue and groove vaulted ceilings, fully equipped kitchen, built in sound system and floor to ceiling walls of glass overlooking a private terrace and rose gardens.

Situated in Padaro's best location, slightly elevated above the widest stretch of its sandy beach, granting both privacy and the most panoramic of views, this gated appx. one acre property offers a vast 100 feet of beach frontage. Graced with stately Cypress and Ficus trees, the magnificent landscaping of this property has been lovingly nurtured to include a variety of fruit trees (including orange, lime, peach, apple, nectarine, apricot, plum, lemon and avocado) along with fragrant and colorful flowering gardens. The air conditioned orchid greenhouse and potting shed will delight the gardening enthusiast, while the herb and vegetable gardens will satisfy the organic minded gourmet. Carefully placed up and down lighting throughout the property ensures the night time is as enchanting as the day.

Last Agent to Sell the Property

Kathleen Hurley Winter Real Estate

Berkshire Hathaway HomeServices California Properties License #01022891 Listed on: 10/16/2018

Berkshire Hathaway HomeServices California Properties

Last Buyer's Agent

Daniel Encell

Berkshire Hathaway HomeServices California Properties

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1976

Lot Details

  • 0.94 Acre Lot
  • Ocean Front
  • Gated Home
  • Partially Fenced Property
  • Level Lot
  • Irrigation
  • Fruit Trees
  • Wooded Lot
  • Lawn
  • Property is in excellent condition

Property Views

  • Ocean
  • Beach
  • Panoramic
  • Mountain

Home Design

  • Contemporary Architecture
  • Slab Foundation
  • Tile Roof
  • Stucco

Interior Spaces

  • 3,891 Sq Ft Home
  • 1-Story Property
  • Cathedral Ceiling
  • Skylights
  • Multiple Fireplaces
  • Family Room with Fireplace
  • Living Room with Fireplace
  • Dining Room with Fireplace
  • Library
  • Laundry Room

Kitchen

  • Updated Kitchen
  • Breakfast Area or Nook
  • Double Oven
  • Gas Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 6 Bedrooms

Parking

  • Attached Garage
  • Uncovered Parking

Pool

  • Spa
  • Outdoor Pool

Outdoor Features

  • Property is near an ocean
  • Patio

Schools

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

Utilities

  • Forced Air Heating System
  • Sewer Stub Out
  • Cable TV Available

Additional Features

  • Additional Residence on Property
  • Property is near shops

Community Details

  • 05 Padaro Subdivision

Listing and Financial Details

  • Exclusions: Other
  • Assessor Parcel Number 005-400-010

Home Details

Home Type

Single Family

Year Built

Built in 1976

Lot Details

0

Listing Details

  • Directions: Highway 101 to Padaro Lane exit. Head toward the beach!
  • Prop. Type: Residential
  • Year Built: 1976
  • Reso Property Sub Type: Home/Estate
  • Road Frontage Type: Oceanfront
  • ResoLaundryFeatures: Laundry Room, In Unit
  • ResoLotFeatures: Level, Waterfront, Oceanfront
  • ResoSecurityFeatures: Gate:Elec
  • Subdivision Name: 05 - Padaro
  • Architectural Style: Contemporary
  • Reso Flooring: Carpet, Tile
  • Garage Yn: Yes
  • Unit Levels: Single Story
  • New Construction: No
  • Reso Property Condition: Excellent
  • Property Information Year Built2: 1976
  • Property Information Total #Units: 1
  • Property Information Apx # Acres: 0.94
  • NeighborhoodSchools Elementary School: CLA
  • NeighborhoodSchools Junior High School: Carp. Jr.
  • NeighborhoodSchools High School: Carp. Sr.
  • View Mountain(s)2: Yes
  • View Panoramic2: Yes
  • LocationTopo Level: Yes
  • Property Information Within City Limits: No
  • Condition Excellent: Yes
  • Construction Single Story2: Yes
  • Foundation:Slab: Yes
  • Exterior:Stucco: Yes
  • ParkingGarage Attached: Yes
  • ParkingGarage Unc #4: Yes
  • GroundsLandscaping Pool: Yes
  • GroundsLandscaping Patio Open2: Yes
  • GroundsLandscaping Lawn2: Yes
  • GroundsLandscaping Fruit Trees2: Yes
  • Proximity Near Ocean2: Yes
  • Rooms Ground Floor Bedroom2: Yes
  • Rooms Ground Floor Primary: Yes
  • Dining Dining Area2: Yes
  • Laundry Laundry Room2: Yes
  • Amenities Remodeled Kitchen2: Yes
  • Amenities Skylight2: Yes
  • Appliances Included Dishwasher3: Yes
  • Appliances Included Disposal3: Yes
  • Appliances Included Gas Range2: Yes
  • Appliances Included Microwave3: Yes
  • Fireplace(s) LR: Yes
  • Security GateElec: Yes
  • WaterSewer Sewer Hookup: Yes
  • FlrWdw Coverings Tile3: Yes
  • Property Information Main House SqFt: 3891.0
  • ParkingGarage Gar #33: Yes
  • Proximity Near Shopping2: Yes
  • Amenities Guest House2: Yes
  • Fireplace(s):_two_4: Yes
  • Fireplace(s) Dining Room2: Yes
  • Fireplace(s) Family Room3: Yes
  • Property Information Apx Lot SqFt: 40946.0
  • Style:Contemporary2: Yes
  • GroundsLandscaping Wooded4: Yes
  • GroundsLandscaping Fenced PRT: Yes
  • FlrWdw Coverings Carpet: Yes
  • GroundsLandscaping Spa - Outside: Yes
  • Roof:Tile2: Yes
  • GroundsLandscaping Yard Irrigation PRT: Yes
  • Other Buildings Second Residence2: Yes
  • ViewOcean: Yes
  • View Beach2: Yes
  • Laundry In Unit2: Yes
  • Site Improvements Cable TV3: Yes
  • Property Information Apx Lot Size FxD: 100' x
  • LocationTopo Oceanfront2: Yes
  • Rooms LbryStudy: Yes
  • Dining Nook2: Yes
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Refrigerator, Gas Range, Dishwasher, Disposal, Double Oven, Microwave
  • Full Bathrooms: 6
  • Half Bathrooms: 1
  • Total Bedrooms: 6
  • Fireplace Features: Family Room, Dining Room, 2+, LR
  • Appliances Included:Double Oven2: Yes

Exterior Features

  • Roof: Tile
  • View: Beach, Mountain(s), Ocean, Panoramic
  • Construction Type: Stucco
  • Acres: 0.94
  • Topography: Level
  • Waterfront Features: Ocean Front
  • Waterfront: Yes
  • Exclusions: Other
  • Exterior Features: Pool, Patio Open, SPA-Outside, Lawn, Fruit Trees, Wooded, Yard Irrigation PRT, Fenced: PRT
  • Foundation Details: Slab

Garage/Parking

  • Attached Garage: Yes
  • Parking Features: Gar #3, Unc #4, Attached

Utilities

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

Association/Amenities

  • Unit 1 Amenities:Cathedral Ceiling(s)2: Yes

Schools

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

Lot Info

  • Parcel #: 005-400-010
  • Zoning: Other
  • Lot Size Sq Ft: 40946.0
  • ResoLotSizeUnits: Apx Lot Size FxD

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 10, 2019
Sold by
Russo Baldassare Raymond and Russo Linda R
Bought by
Russo Baldassare Raymond and Russo Linda Rae
Current Estimated Value
$10,780,071

Purchase Details

Listed on
Oct 16, 2018
Closed on
May 22, 2019
Sold by
Fishman Stanley C and Fishman Roberta P
Bought by
Russo Baldassare Raymond and Russo Linda R
Seller's Agent
Kathleen Hurley Winter Real Estate
Berkshire Hathaway HomeServices California Properties
Buyer's Agent
Daniel Encell
Berkshire Hathaway HomeServices California Properties
List Price
$19,950,000
Sold Price
$17,200,000
Premium/Discount to List
-$2,750,000
-13.78%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-6.86%
Original Mortgage
$11,180,000
Outstanding Balance
$7,277,253
Interest Rate
4.1%
Mortgage Type
New Conventional
Estimated Equity
$3,502,818

Purchase Details

Closed on
Jan 21, 1994
Sold by
Nantker Frederick W and Nantker Carol N
Bought by
Fishman Stanley C and Fishman Roberta P
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Russo Baldassare Raymond -- None Available
Russo Baldassare Raymond $17,200,000 Stewart Title Of Ca Inc
Fishman Stanley C -- First American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Russo Baldassare Raymond $11,180,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/04/2019 06/04/19 Sold $17,200,000 -13.8% $4,420 / Sq Ft
05/16/2019 05/16/19 Pending -- -- --
08/26/2018 08/26/18 For Sale $19,950,000 -- $5,127 / Sq Ft
Source: Santa Barbara Multiple Listing Service

Tax History Compared to Growth

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 $206,893 $19,992,776 $16,196,248 $3,796,528
2023 $206,893 $19,216,434 $15,567,329 $3,649,105
2022 $199,352 $18,789,642 $15,262,088 $3,527,554
2021 $190,749 $18,003,572 $14,943,224 $3,060,348
2020 $185,928 $17,544,000 $14,790,000 $2,754,000
2019 $49,386 $4,570,918 $2,285,459 $2,285,459
2018 $48,578 $4,481,294 $2,240,647 $2,240,647
2017 $47,711 $4,393,426 $2,196,713 $2,196,713
2016 $46,885 $4,307,282 $2,153,641 $2,153,641
2015 $46,375 $4,242,584 $2,121,292 $2,121,292
2014 -- $4,159,478 $2,079,739 $2,079,739
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Santa Barbara Multiple Listing Service

MLS Number: 18-3153

Santa Barbara Multiple Listing Service

APN: 005-400-010