$18,150,000
SOLD JUL 20, 2022
6 Beds
7.5 Baths
10,914 Sq Ft
2.29 Acres

Recently Sold

$1,663 Per Sq Ft

366 Days on Market

Highlights

  • Ocean View
  • Art Studio
  • Spa
  • Vieja Valley Elementary School Rated A
  • Home Theater
  • Sauna

About This Home

As of July 2022

Unlike anything else on the market, this luxe ocean-view estate brought to life in 2017 takes cues from Moroccan extravagance + minimalist design. Tucked away on a private lane, this compound is the perfect escape from the outside world. The 6bd home ushers you into a world of soothing sight lines & seamless indoor/outdoor living. Pivoting iron & glass doors link the interior w/the gardens & vast ocean views. Stone floors coalesce w/plaster walls to create an ethereal pallet. An elevator helps you make a seamless transition from the day, with 1st or 2nd floor primary suites. Luxury amenities include: stunning 75' pool & spa, media room, detached spa w/sauna, gym, studio, car lifts, orchard & cactus garden. Lush grounds & hidden courtyards abound. Have it all and dream big in Hope Ranch!

Last Agent to Sell the Property

Robert Riskin

Village Properties License #01815307 / 01447045 / 01954177 / 01951069 Listed on: 04/14/2021

Last Buyer's Agent

Non Member Agent

Non Member Office

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $197,965

Year Built

  • Built in 2017

Lot Details

  • 2.29 Acre Lot
  • Gated Home
  • Level Lot
  • Irrigation
  • Fruit Trees
  • Lawn
  • Drought Tolerant Landscaping
  • Property is in excellent condition

Parking

  • Direct Access Garage

Home Design

  • Contemporary Architecture
  • Mediterranean Architecture
  • Slab Foundation
  • Tile Roof
  • Stucco

Interior Spaces

  • 10,914 Sq Ft Home
  • 2-Story Property
  • Skylights
  • Multiple Fireplaces
  • Free Standing Fireplace
  • Gas Fireplace
  • Double Pane Windows
  • Family Room
  • Living Room with Fireplace
  • Dining Room with Fireplace
  • Formal Dining Room
  • Home Theater
  • Home Office
  • Game Room
  • Art Studio
  • Sauna
  • Home Gym
  • Ocean Views
  • Home Security System

Kitchen

  • Breakfast Bar
  • Built-In Double Oven
  • Built-In Range
  • Stove
  • Dishwasher
  • Disposal
  • Reverse Osmosis System

Flooring

  • Wood
  • Radiant Floor
  • Stone
  • Tile

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Primary Bedroom on Main
  • Fireplace in Primary Bedroom
  • Maid or Guest Quarters

Laundry

  • Laundry Room
  • Dryer
  • Washer

Accessible Home Design

  • Accessible Elevator Installed

Pool

  • Spa
  • Outdoor Pool

Outdoor Features

  • Property is near an ocean
  • Deck
  • Covered patio or porch
  • Fireplace in Patio
  • Built-In Barbecue

Schools

  • Vieja Valley Elementary School
  • Lacolina Middle School
  • San Marcos High School

Utilities

  • Forced Air Heating and Cooling System
  • Radiant Heating System
  • Water Softener is Owned
  • Septic System

Listing and Financial Details

  • Assessor Parcel Number 063-211-004

Community Details

Overview

  • Property has a Home Owners Association
  • Association fees include comm area maint, security
  • 25 Hope Ranch Subdivision

Security

  • Security Service

Home Details

Home Type

Single Family

Est. Annual Taxes

$197,965

Year Built

Built in 2017

Lot Details

0

Listing Details

  • Directions: From Marina Drive, turn on Estrella, then turn right on La Ladera. Home is on left.
  • Prop. Type: Residential
  • Year Built: 2017
  • Reso Property Sub Type: Home/Estate
  • ResoLaundryFeatures: Laundry Room
  • ResoLotFeatures: Level
  • ResoSecurityFeatures: Gate:Elec, Security Camera, Security System
  • Reso Association Amenities: Other, Security
  • Reso Association Fee Includes: Other, Comm Area Maint, Security
  • Subdivision Name: 25 - Hope Ranch
  • Reso Accessibility Features: Accessible Elevator Installed
  • Architectural Style: Contemporary, Medit
  • Reso Flooring: Hardwood, Stone, Tile
  • Garage Yn: Yes
  • Unit Levels: Two
  • New Construction: No
  • Reso Other Structures: Other
  • Reso Property Condition: Excellent
  • Property Information Year Built2: 2017
  • Property Information Total #Units: 1
  • Property Information Apx # Acres: 2.29
  • NeighborhoodSchools Elementary School: Vieja Valley
  • NeighborhoodSchools Junior High School: LaColina
  • NeighborhoodSchools High School: San Marcos
  • LocationTopo Level: Yes
  • Property Information ADU: No
  • Property Information Within City Limits: No
  • Condition Excellent: Yes
  • Foundation:Slab: Yes
  • Exterior:Stucco: Yes
  • ParkingGarage Interior Access: Yes
  • ParkingGarage Attached: Yes
  • GroundsLandscaping Pool: Yes
  • GroundsLandscaping Yard Irrigation TO: Yes
  • GroundsLandscaping Lawn2: Yes
  • GroundsLandscaping Fruit Trees2: Yes
  • GroundsLandscaping Fenced ALL2: Yes
  • GroundsLandscaping Drought Tolerant LND2: Yes
  • View Setting2: Yes
  • Proximity Near Ocean2: Yes
  • Rooms Family Room4: Yes
  • Rooms Ground Floor Bedroom2: Yes
  • Rooms Ground Floor Primary: Yes
  • Dining Breakfast Bar2: Yes
  • Laundry Laundry Room2: Yes
  • Amenities Dual Pane Window2: Yes
  • Amenities Skylight2: Yes
  • Appliances Included Dishwasher3: Yes
  • Appliances Included Disposal3: Yes
  • Appliances Included Dryer3: Yes
  • Appliances Included Gas Stove3: Yes
  • Appliances Included Washer3: Yes
  • Fireplace(s) LR: Yes
  • Security Security System: Yes
  • Security GateElec: Yes
  • FlrWdw Coverings Hardwood2: Yes
  • FlrWdw Coverings Tile3: Yes
  • Cooling Central Air: Yes
  • Property Information Main House SqFt: 10914.0
  • Construction Two Story2: Yes
  • GroundsLandscaping Sauna3: Yes
  • GroundsLandscaping Built-in BBQ: Yes
  • Rooms Art Studio2: Yes
  • Rooms Exercise Room2: Yes
  • Rooms Office3: Yes
  • Dining Formal2: Yes
  • Amenities Guest Quarters2: Yes
  • Appliances Included Rev Osmosis2: Yes
  • Fireplace(s):_two_4: Yes
  • Fireplace(s) Dining Room2: Yes
  • Fireplace(s) Gas8: Yes
  • Fireplace(s) Primary Bedroom: Yes
  • Security Security Camera2: Yes
  • FlrWdw Coverings Stone2: Yes
  • Style:Contemporary2: Yes
  • WaterSewer Septic In: Yes
  • GroundsLandscaping Spa - Outside: Yes
  • Roof:Tile2: Yes
  • GroundsLandscaping Deck3: Yes
  • ViewOcean: Yes
  • Appliances Included Wtr SoftenerOwned: Yes
  • Pets Yes: Yes
  • Style Medit2: Yes
  • GroundsLandscaping Patio Covered2: Yes
  • Rooms Theatre2: Yes
  • Fireplace(s) Patio3: Yes
  • Handicapped Access Elevator3: Yes
  • AssocPark Amenities Security: Yes
  • AssocPark Fee Incl Security2: Yes
  • Rooms Game Room3: Yes
  • ParkingGarage Gar #6: Yes
  • Fireplace(s) Free Standing2: Yes
  • Appliances Included OvenRngeBlt-In2: Yes
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Refrigerator, Oven/Rnge/Blt-In, Dishwasher, Disposal, Double Oven, Dryer, Gas Stove, Rev Osmosis, Washer, Wtr Softener/Owned
  • Full Bathrooms: 7
  • Half Bathrooms: 1
  • Total Bedrooms: 6
  • Fireplace Features: Primary Bedroom, Dining Room, 2+, Free Standing, Gas, LR, Patio
  • Appliances Included:Double Oven2: Yes

Exterior Features

  • Roof: Tile
  • View: Ocean, Setting
  • Construction Type: Stucco
  • Acres: 2.29
  • Topography: Level
  • Exterior Features: Other, Pool, Deck, Patio Covered, SPA-Outside, Sauna, Lawn, Fruit Trees, Yard Irrigation T/O, Fenced: ALL, Drought Tolerant LND
  • Foundation Details: Slab, Caisson/Piling

Garage/Parking

  • Attached Garage: Yes
  • Parking Features: Gar #6, Interior Access, Attached

Utilities

  • Cooling: Central Air
  • Heating: Forced Air, Radiant, Radiant Floor
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Water Source: La Cumb Wtr
  • Heating:Forced Air: Yes
  • Heating:Radiant Floor: Yes
  • Heating:Radiant: Yes

Condo/Co-op/Association

  • Association: Yes

Schools

  • Elementary School: Vieja Valley
  • High School: San Marcos
  • Middle Or Junior School: LaColina

Lot Info

  • Parcel #: 063-211-004
  • Zoning: Other
  • Lot Size Sq Ft: 99752.4
  • ResoLotSizeUnits: Acres
  • ResoLotSizeUnits: Acres

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 14, 2021
Closed on
Jul 14, 2022
Sold by
Hope Hale Trust
Bought by
Light Stephen and Massey Angel
Seller's Agent
Robert Riskin
Village Properties
Buyer's Agent
Non Member Agent
Non Member Office
Sold Price
$18,150,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-11.02%
Original Mortgage
$10,000,000
Outstanding Balance
$9,433,392
Interest Rate
3.25%
Mortgage Type
New Conventional
Estimated Equity
$3,366,318

Purchase Details

Closed on
May 9, 2019
Sold by
Wolf Noelle
Bought by
Stoll Peter J

Purchase Details

Listed on
Sep 13, 2017
Closed on
Dec 14, 2018
Sold by
Pevec Damir and Pevec Anne C
Bought by
Meeks Martin
Seller's Agent
Robert Riskin
Village Properties
Buyer's Agent
Randall Solakian
Coldwell Banker Realty
List Price
$17,500,000
Sold Price
$14,800,000
Premium/Discount to List
-$2,700,000
-15.43%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-2.20%
Original Mortgage
$7,400,000
Interest Rate
3.56%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Aug 19, 2013
Sold by
Pevec Damir and Pevec Anne
Bought by
Pevec Damir and Pevec Anne C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,900,000
Interest Rate
3.12%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Jul 23, 2010
Sold by
Sorensen D Stephen and Sorensen Shannon P
Bought by
Pevec Damier and Pevec Anne

Purchase Details

Closed on
Oct 2, 2009
Sold by
Koosharem Corporation
Bought by
Sorensen D Stephen and Sorensen Shannon P

Purchase Details

Closed on
Jun 26, 2007
Sold by
Anwyl Davies Nicholas and Reid Angela
Bought by
Koosharem Corp

Purchase Details

Closed on
Oct 1, 2001
Sold by
Berman Stephen L
Bought by
Anwyl Davies Nicholas and Anwyl Davies Angela

Purchase Details

Closed on
Sep 25, 2001
Sold by
Berman Stephen L
Bought by
Berman Stephen L

Purchase Details

Closed on
Jul 16, 2001
Sold by
Berman Stephen L and Risi Joseph S
Bought by
Anwyi Davies Nicholas and Anwyl Davies Agnela

Purchase Details

Closed on
Aug 18, 2000
Sold by
Willey Frank P
Bought by
Berman Stephen L and Risi Joseph S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,260,000
Interest Rate
8.3%

Purchase Details

Closed on
Aug 17, 2000
Sold by
Berman Lori A
Bought by
Berman Stephen L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,260,000
Interest Rate
8.3%

Purchase Details

Closed on
Jun 10, 1999
Sold by
Mckenzie Elizabeth
Bought by
Willey Frank P

Purchase Details

Closed on
Sep 17, 1993
Sold by
Spence Elizabeth M and Recknagel Elizabeth M S
Bought by
Spence Elizabeth M and Forbes Elizabeth A
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Grant Deed $18,150,000 Chicago Title
Grant Deed -- None Available
Interfamily Deed Transfer -- None Available
Grant Deed -- None Available
Grant Deed $14,800,000 Chicago Title Co
Interfamily Deed Transfer -- None Available
Grant Deed $2,150,000 Chicago Title Company
Grant Deed -- None Available
Grant Deed -- Fidelity National Title Co
Grant Deed -- Fidelity National Title Co
Interfamily Deed Transfer -- --
Grant Deed -- Fidelity National Title Co
Grant Deed -- Fidelity National Title Co
Interfamily Deed Transfer -- Fidelity National Title Co
Grant Deed -- Fidelity National Title Co
Quit Claim Deed -- Santa Barbara Title Company
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $3,500,000 Construction
Open $10,000,000 New Conventional
Previous Owner $7,400,000 Adjustable Rate Mortgage/ARM
Previous Owner $2,900,000 Adjustable Rate Mortgage/ARM
Previous Owner $100,000 Unknown
Previous Owner $4,200,000 Construction
Previous Owner $1,260,000 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/17/2025 07/17/25 Price Changed $19,995,000 -7.0% $1,755 / Sq Ft
01/23/2025 01/23/25 Price Changed $21,500,000 -12.2% $1,887 / Sq Ft
10/24/2024 10/24/24 For Sale $24,500,000 +35.0% $2,150 / Sq Ft
07/20/2022 07/20/22 Sold $18,150,000 0.0% $1,663 / Sq Ft
07/20/2022 07/20/22 Off Market $18,150,000 -- --
04/15/2022 04/15/22 Pending -- -- --
01/04/2019 01/04/19 Sold $14,800,000 -15.4% $1,415 / Sq Ft
11/02/2018 11/02/18 Pending -- -- --
09/13/2017 09/13/17 For Sale $17,500,000 -- $1,673 / 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
2023 $197,965 $18,150,000 $4,500,000 $13,650,000
2022 $167,012 $15,557,440 $7,883,838 $7,673,602
2021 $160,990 $15,252,393 $7,729,253 $7,523,140
2020 $159,280 $15,096,000 $7,650,000 $7,446,000
2019 $83,959 $8,035,076 $2,744,642 $5,290,434
2018 $82,314 $7,877,526 $2,690,826 $5,186,700
2017 $80,866 $7,723,065 $2,638,065 $5,085,000
2016 $57,679 $5,546,535 $2,591,535 $2,955,000
2015 $46,572 $4,456,589 $2,556,589 $1,900,000
2014 -- $2,291,700 $2,271,700 $20,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Santa Barbara Multiple Listing Service

MLS Number: 21-740

Santa Barbara Multiple Listing Service

APN: 063-211-004