NOT LISTED FOR SALE

550 Freehaven Dr Santa Barbara, CA 93108

Estimated Value: $6,304,000 - $18,751,920

5 Beds
6.5 Baths
7,112 Sq Ft
$1,762/Sq Ft Est. Value

Last Sold October 06, 2023

Last sale price $20,350,000 $2,861 Per Sq Ft

Est. 38% decrease in value since last sale

Current estimated payment $83,249/month

168 Days on Market

Highlights

  • Ocean View
  • Solar Power System
  • Reverse Osmosis System
  • Pool House
  • Estate
  • 21.56 Acre Lot

About This Home

As of October 2023

Experience La Bella Vita at Villa Di Serenita! Incredible ocean, island, and mountain views span the horizon and showcase Montecito's iconic natural beauty. As if an Italian fresco came to life, this estate is awash in gorgeous light, surrounded by lush garden districts, and celebrates classic, timeless architecture that offers a unique combination of European elegance and California's lifestyle. The main level primary suite features dual closets and a private terrace, perfect for early morning coffee or a night cap under the stars. Two, lower level guest suites are easily accessed via an elevator. Dual offices, a pool house, wine cellar, elevator, and beautiful trails throughout a fully managed, 21± acre avocado orchard offer wonderful spaces indoors and out. MWD water + a private well.

Last Agent to Sell the Property

Robert Riskin

Village Properties License #01815307 / 01447045 / 01954177 / 01951069 Listed on: 04/24/2023

Last Buyer's Agent

Cristal Clarke

Berkshire Hathaway HomeServices California Properties License #00968247

Berkshire Hathaway HomeServices California Properties

Home Details

Home Type

  • Single Family

Year Built

  • Built in 2007

Lot Details

  • 21.56 Acre Lot
  • Gated Home
  • Fruit Trees
  • Lawn
  • Property is in excellent condition

Property Views

  • Ocean
  • Island
  • Coastline
  • Harbor
  • Panoramic
  • City
  • Mountain

Home Design

  • Estate
  • Mediterranean Architecture
  • Raised Foundation
  • Tile Roof
  • Stucco

Interior Spaces

  • 7,112 Sq Ft Home
  • 2-Story Property
  • Wet Bar
  • Sound System
  • Cathedral Ceiling
  • Multiple Fireplaces
  • Drapes & Rods
  • Blinds
  • Family Room with Fireplace
  • Living Room with Fireplace
  • Dining Room with Fireplace
  • Formal Dining Room
  • Home Office
  • Library

Kitchen

  • Breakfast Area or Nook
  • Breakfast Bar
  • Double Oven
  • Dishwasher
  • Disposal
  • Reverse Osmosis System

Flooring

  • Wood
  • Radiant Floor
  • Stone
  • Tile

Bedrooms and Bathrooms

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

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

  • Home Security System
  • Fire Sprinkler System

Parking

  • Attached Garage
  • Uncovered Parking

Pool

  • Pool House
  • Outdoor Pool

Outdoor Features

  • Covered Patio or Porch
  • Fireplace in Patio
  • Built-In Barbecue

Schools

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

Utilities

  • Forced Air Heating and Cooling System
  • Power Generator
  • Well
  • Water Softener is Owned
  • Septic System

Additional Features

  • Accessible Elevator Installed
  • Solar Power System

Listing and Financial Details

  • Assessor Parcel Number 005-030-041

Home Details

Home Type

Single Family

Year Built

Built in 2007

Lot Details

0

Listing Details

  • Directions: East Valley Road to Freehaven Drive.
  • Prop. Type: Residential
  • Year Built: 2007
  • ResoWindowFeatures: Drapes, Blinds
  • Reso Property Sub Type: Home/Estate
  • ResoLaundryFeatures: Laundry Room
  • ResoSecurityFeatures: Gate:Elec, Security System, Fire Sprinkler System
  • Reso Accessibility Features: Accessible Elevator Installed
  • Architectural Style: Medit, Estate
  • Reso Flooring: Hardwood, Stone, Tile
  • Garage Yn: Yes
  • Unit Levels: Two
  • New Construction: No
  • Reso Property Condition: Excellent
  • Property Information Year Built2: 2007
  • Property Information Total #Units: 1
  • Property Information Apx # Acres: 21.56
  • NeighborhoodSchools Elementary School: Summerland
  • NeighborhoodSchools Junior High School: Carp. Jr.
  • NeighborhoodSchools High School: Carp. Sr.
  • View Mountain(s)2: Yes
  • View Panoramic2: Yes
  • Property Information ADU: No
  • Property Information Within City Limits: No
  • Condition Excellent: 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
  • GroundsLandscaping Fenced ALL2: Yes
  • View Setting2: Yes
  • Rooms Family Room4: Yes
  • Rooms Ground Floor Primary: Yes
  • Dining Breakfast Bar2: Yes
  • Laundry Laundry Room2: Yes
  • Appliances Included Dishwasher3: Yes
  • Appliances Included Disposal3: Yes
  • Appliances Included Dryer3: Yes
  • Appliances Included Washer3: Yes
  • Fireplace(s) LR: Yes
  • Security Security System: Yes
  • Security GateElec: Yes
  • Security Fire Sprinkler System: Yes
  • FlrWdw Coverings Hardwood2: Yes
  • FlrWdw Coverings Tile3: Yes
  • FlrWdw Coverings Blinds: Yes
  • FlrWdw Coverings Drapes: Yes
  • Cooling Central Air: Yes
  • Property Information Main House SqFt: 7112.0
  • Style Estate2: Yes
  • Construction Two Story2: Yes
  • GroundsLandscaping Built-in BBQ: Yes
  • Rooms Office3: Yes
  • Dining Breakfast Area2: Yes
  • Dining Formal2: Yes
  • Amenities Guest Quarters2: Yes
  • Amenities Sound System: Yes
  • Amenities Wet Bar2: Yes
  • Appliances Included Rev Osmosis2: Yes
  • Fireplace(s):_two_4: Yes
  • Fireplace(s) Dining Room2: Yes
  • Fireplace(s) Family Room3: Yes
  • Fireplace(s) Primary Bedroom: Yes
  • WaterSewer Pvt Well In: Yes
  • FlrWdw Coverings Stone2: Yes
  • WaterSewer Septic In: Yes
  • Roof:Tile2: Yes
  • ViewOcean: Yes
  • View Coastline: Yes
  • View Islands: Yes
  • Amenities Solar PV2: Yes
  • Appliances Included Wtr SoftenerOwned: Yes
  • Pets Yes: Yes
  • Style Medit2: Yes
  • GroundsLandscaping Patio Covered2: Yes
  • Foundation Raised: Yes
  • ParkingGarage Gar #4: Yes
  • View Harbor2: Yes
  • Rooms LbryStudy: Yes
  • Amenities Elevator4: Yes
  • Amenities GasElectricDiesel Generator: Yes
  • Fireplace(s) Patio3: Yes
  • Handicapped Access Elevator3: Yes
  • View City4: Yes
  • WaterSewer AG Water Avail: Yes
  • GroundsLandscaping Pool House2: Yes
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Refrigerator, Dishwasher, Disposal, Double Oven, Dryer, Rev Osmosis, Washer, Wtr Softener/Owned
  • Full Bathrooms: 6
  • Half Bathrooms: 1
  • Total Bedrooms: 5
  • Fireplace Features: Primary Bedroom, Family Room, Dining Room, 2+, LR, Patio
  • Appliances Included:Double Oven2: Yes

Exterior Features

  • Roof: Tile
  • View: Mountain(s), Islands, Coastline, Ocean, City, Setting, Harbor, Panoramic
  • Construction Type: Stucco
  • Acres: 21.56
  • Exterior Features: Pool, Pool House, Patio Open, Patio Covered, Lawn, Fruit Trees, Fenced: ALL
  • Foundation Details: Raised, Caisson/Piling

Garage/Parking

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

Utilities

  • Cooling: Central Air
  • Heating: Forced Air, Radiant Floor
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Water Source: AG Water Avail, Private, Mont Wtr
  • Heating:Forced Air: Yes
  • Heating:Radiant Floor: Yes

Association/Amenities

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

Schools

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

Lot Info

  • Parcel #: 005-030-041
  • Zoning: Other
  • Lot Size Sq Ft: 939153.6
  • ResoLotSizeUnits: Acres
  • ResoLotSizeUnits: Acres

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 24, 2023
Closed on
Oct 2, 2023
Sold by
Doshay Family Trust
Bought by
Tina Moss Family Trust and Moss
Seller's Agent
Robert Riskin
Village Properties
Buyer's Agent
Cristal Clarke
Berkshire Hathaway HomeServices California Properties
List Price
$21,750,000
Sold Price
$20,350,000
Premium/Discount to List
-$1,400,000
-6.44%
Views
727
Current Estimated Value
$12,527,960

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$7,822,040
Avg. Annual Appreciation
-19.47%

Purchase Details

Closed on
Sep 28, 2020
Sold by
Doshay Glenn R and Doshay Karen E
Bought by
Hummingbird Rock Ranch Investments Llc

Purchase Details

Listed on
Jan 17, 2014
Closed on
Aug 25, 2015
Sold by
Kimsey William L and Kimsey Nancy A
Bought by
The Doshay Family Trust Of 1999
Seller's Agent
Robert Riskin
Village Properties
Buyer's Agent
Ryan Strehlow
Coldwell Banker Realty
List Price
$17,750,000
Sold Price
$14,047,500
Premium/Discount to List
-$3,702,500
-20.86%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-1.10%

Purchase Details

Closed on
Oct 15, 2002
Sold by
Kimsey William L and Kimsey Nancy A
Bought by
Kimsey William L and Kimsey Nancy A

Purchase Details

Closed on
Jul 5, 2000
Sold by
East Montecito Mutual Water Company Inc
Bought by
Drown Daniel H

Purchase Details

Closed on
Jun 7, 2000
Sold by
Drown Daniel H
Bought by
Kimsey William L and Kimsey Nancy A
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Tina Moss Family Trust $20,350,000 Chicago Title Company
Hummingbird Rock Ranch Investments Llc -- Chicago Title
The Doshay Family Trust Of 1999 $14,047,500 Chicago Title Company
Kimsey William L -- --
Drown Daniel H -- --
Kimsey William L -- Chicago Title Co
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/06/2023 10/06/23 Sold $20,350,000 -6.4% $2,861 / Sq Ft
09/06/2023 09/06/23 Pending -- -- --
03/22/2023 03/22/23 For Sale $21,750,000 +54.8% $3,058 / Sq Ft
08/28/2015 08/28/15 Sold $14,047,500 -20.9% $1,561 / Sq Ft View Prior Sale
08/14/2015 08/14/15 Pending -- -- --
01/16/2014 01/16/14 For Sale $17,750,000 -- $1,972 / 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 $213,657 $20,744,760 $7,561,260 $13,183,500
2023 $213,657 $16,106,360 $5,806,274 $10,300,086
2022 $166,876 $15,790,550 $5,692,426 $10,098,124
2021 $163,392 $15,480,932 $5,580,810 $9,900,122
2020 $161,778 $15,322,195 $5,523,586 $9,798,609
2019 $158,615 $15,021,763 $5,415,282 $9,606,481
2018 $156,132 $14,727,219 $5,309,100 $9,418,119
2017 $152,281 $14,328,450 $5,100,000 $9,228,450
2016 $149,659 $14,047,500 $5,000,000 $9,047,500
2015 $179,221 $16,775,500 $4,851,000 $11,924,500
2014 $156,278 $15,250,000 $4,410,000 $10,840,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Santa Barbara Multiple Listing Service

MLS Number: 23-743

Santa Barbara Multiple Listing Service

APN: 005-030-041