NOT LISTED FOR SALE

650 Picacho Ln Santa Barbara, CA 93108

Estimated Value: $8,527,000 - $26,897,296

7 Beds
13 Baths
12,000 Sq Ft
$1,476/Sq Ft Est. Value

Last Sold January 22, 2021

Last sale price $15,750,000 $1,312 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $108,915/month

48 Days on Market

Highlights

  • Guest House
  • Horse Facilities
  • Tennis Courts
  • Santa Barbara Senior High School Rated A-
  • Barn
  • Home Theater

About This Home

As of January 2021

Breathtaking French Country Estate on coveted Picacho Lane, Montecito. This Majestic Manoir is nestled on apx. 4.5 (nearly all flat) acres framed by picturesque Santa Ynez Mountain views in the heart of the legendary Golden Quadrangle. Major renovations & expansions by noted architect Don Nulty, AIA. Escape to the security & safety of this walled/gated propriété with apx. 12,000sf of livable space, including a separate accessory Guest Suite, Pool House w/ full Kitchen, Multiple Garages, Converted Stables, Saltwater/Solar Swimmers Pool, Sustainable Vegetable Gardens & Citrus Grove, Running Stream & Koi Pond, N/S Pro. Tennis Court & Outdoor BBQ Ranch. Minutes from Montecito's charming Upper Village, world-class lodging, hiking trails, pristine beaches & sought-after MUSD. Although the estate seems far from the madding crowd and is quite private and secure, it is only minutes from Montecito's charming Upper Village, world-class lodging, hiking trails, pristine beaches and highly-acclaimed schools, including coveted Montecito Union School. Nearby, internationally-acclaimed Santa Barbara, known as "The American Riviera," offers its cultural riches, dining and entertaining venues, shopping and services. The Santa Barbara Airport, and the Los Angeles International Airport slightly more than an hour away, provide convenient private and commercial air transport.

Savor the serenity of this rarefied setting and bask in its air of relaxed sophistication. Celebrate the joie de vivre of the indoor-outdoor lifestyle. There is magic manifest here on this singular estate.

Last Agent to Sell the Property

Cristal Clarke

Berkshire Hathaway HomeServices California Properties License #00968247 Listed on: 11/20/2020

Berkshire Hathaway HomeServices California Properties

Co-Listed By

Timothy Di Prizito

Coldwell Banker Realty License #01433017

Last Buyer's Agent

Dusty Baker

Sotheby's International Realty License #01908615 / 02004391

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $174,563

Year Built

  • Built in 1946

Lot Details

  • 4.56 Acre Lot
  • Gated Home
  • Fruit Trees
  • Lawn

Parking

  • 6 Car Attached Garage

Home Design

  • Estate
  • Brick Exterior Construction
  • Stucco

Interior Spaces

  • 12,000 Sq Ft Home
  • Cathedral Ceiling
  • Family Room with Fireplace
  • Living Room with Fireplace
  • Dining Room with Fireplace
  • Formal Dining Room
  • Home Theater
  • Home Office
  • Library
  • Music Room
  • Home Gym
  • Mountain Views
  • Laundry Room
  • Basement

Kitchen

  • Breakfast Area or Nook
  • Breakfast Bar

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

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

Pool

  • Pool House
  • Spa
  • Outdoor Pool

Outdoor Features

  • Tennis Courts
  • Deck
  • Covered Patio or Porch

Schools

  • Mont Union Elementary School
  • S.B. Jr. Middle School
  • S.B. Sr. High School

Additional Features

  • Guest House
  • Barn
  • Forced Air Heating and Cooling System

Community Details

  • Horse Facilities

Listing and Financial Details

  • Assessor Parcel Number 011-140-015

Home Details

Home Type

Single Family

Est. Annual Taxes

$174,563

Year Built

Built in 1946

Lot Details

0

Parking

6

Listing Details

  • Prop. Type: Residential
  • Year Built: 1946
  • Reso Property Sub Type: Home/Estate
  • ResoLaundryFeatures: Laundry Room
  • ResoSecurityFeatures: Gate:Elec, Other
  • Co List Office Mls Id: CBR12
  • Co List Office Phone: 310-777-6200
  • Architectural Style: Other, Estate
  • Reso Flooring: Wood, Tile
  • Garage Yn: Yes
  • Reso Other Structures: Other, Barn(s)
  • Property Information Year Built2: 1946
  • Property Information Apx # Acres: 4.56
  • NeighborhoodSchools Elementary School: Mont Union
  • NeighborhoodSchools Junior High School: S.B. Jr.
  • NeighborhoodSchools High School: S.B. Sr.
  • View Mountain(s)2: Yes
  • Property Information ADU: No
  • Property Information Within City Limits: No
  • Exterior:Stucco: Yes
  • ParkingGarage Attached: Yes
  • GroundsLandscaping Pool: Yes
  • GroundsLandscaping Patio Open2: Yes
  • GroundsLandscaping Lawn2: Yes
  • GroundsLandscaping Fruit Trees2: Yes
  • View Setting2: Yes
  • Rooms Family Room4: Yes
  • Rooms Ground Floor Bedroom2: Yes
  • Rooms Ground Floor Primary: Yes
  • Dining Breakfast Bar2: Yes
  • Laundry Laundry Room2: Yes
  • Fireplace(s) LR: Yes
  • Security GateElec: Yes
  • FlrWdw Coverings Tile3: Yes
  • Cooling Central Air: Yes
  • Property Information Main House SqFt: 12000.0
  • Style Estate2: Yes
  • Exterior BrickStone: Yes
  • Rooms Exercise Room2: Yes
  • Rooms Office3: Yes
  • Dining Breakfast Area2: Yes
  • Dining Formal2: Yes
  • Amenities Guest House2: Yes
  • Amenities Guest Quarters2: Yes
  • Fireplace(s) Dining Room2: Yes
  • Fireplace(s) Family Room3: Yes
  • Fireplace(s) Primary Bedroom: Yes
  • GroundsLandscaping Spa - Outside: Yes
  • GroundsLandscaping Deck3: Yes
  • GroundsLandscaping Tennis Court(s)3: Yes
  • GroundsLandscaping Horse Facility2: Yes
  • Other Buildings Barn2: Yes
  • FlrWdw Coverings Wood2: Yes
  • GroundsLandscaping Patio Covered2: Yes
  • Rooms:Den: Yes
  • View Other27: Yes
  • Rooms LbryStudy: Yes
  • Rooms Theatre2: Yes
  • Rooms Music Room2: Yes
  • ParkingGarage Gar #6: Yes
  • GroundsLandscaping Pool House2: Yes
  • ParkingGarage:Total _pound_ Garage Spaces: 6.0
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Full Bathrooms: 9
  • Half Bathrooms: 4
  • Total Bedrooms: 7
  • Fireplace Features: Primary Bedroom, Family Room, Dining Room, Other, LR
  • Bedrooms Basement: Yes

Exterior Features

  • View: Other, Mountain(s), Setting
  • Construction Type: Brick/Stone, Stucco
  • Acres: 4.56
  • Exterior Features: Other, Tennis Court(s), Pool, Pool House, Deck, Patio Open, Patio Covered, SPA-Outside, Horse Facility, Lawn, Fruit Trees

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 6.0
  • Parking Features: Gar #6, Attached, Other

Utilities

  • Cooling: Central Air
  • Heating: Forced Air
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Heating:Forced Air: Yes

Association/Amenities

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

Schools

  • Elementary School: Mont Union
  • High School: S.B. Sr.
  • Middle Or Junior School: S.B. Jr.

Lot Info

  • Parcel #: 011-140-015
  • Zoning: Other
  • Lot Size Sq Ft: 198633.6
  • ResoLotSizeUnits: Acres
  • ResoLotSizeUnits: Acres

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 20, 2020
Closed on
Jan 20, 2021
Sold by
Johnson Bradley W and Mayfair Trust
Bought by
Picacho Cal Llc
Seller's Agent
Cristal Clarke
Berkshire Hathaway HomeServices California Properties
Buyer's Agent
Dusty Baker
Sotheby's International Realty
List Price
$17,500,000
Sold Price
$15,750,000
Premium/Discount to List
-$1,750,000
-10%
Current Estimated Value
$17,712,148

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,962,148
Avg. Annual Appreciation
0.09%
Original Mortgage
$9,450,000
Outstanding Balance
$8,478,417
Interest Rate
2.75%
Mortgage Type
New Conventional
Estimated Equity
$7,340,916

Purchase Details

Closed on
Apr 16, 2013
Sold by
Barbakow Jeffrey Charles and Barbakow Margo Baker
Bought by
Johnson Bradley W

Purchase Details

Closed on
Sep 14, 2001
Sold by
Sandbay Investments Inc
Bought by
Barbakow Jeffrey Charles and Barbakow Margo Baker

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$7,000,000
Interest Rate
6.25%

Purchase Details

Closed on
Apr 20, 1994
Sold by
Wilson J Anthony
Bought by
Wilson J Anthony
Source: Public Records

Range of Values:

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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
Picacho Cal Llc $15,750,000 Equity Title Company
Johnson Bradley W -- None Available
Barbakow Jeffrey Charles -- Lawyers Title Company
Wilson J Anthony -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Picacho Cal Llc $9,450,000
Previous Owner Barbakow Jeffrey Charles $7,000,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/22/2021 01/22/21 Sold $15,750,000 -10.0% $1,313 / Sq Ft
12/18/2020 12/18/20 Pending -- -- --
10/31/2020 10/31/20 For Sale $17,500,000 -- $1,458 / 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 $174,563 $17,048,305 $10,824,321 $6,223,984
2023 $174,563 $16,386,300 $10,404,000 $5,982,300
2022 $168,543 $16,065,000 $10,200,000 $5,865,000
2021 $280,855 $26,990,439 $15,319,695 $11,670,744
2020 $278,044 $26,713,686 $15,162,611 $11,551,075
2019 $271,786 $26,189,889 $14,865,305 $11,324,584
2018 $266,487 $25,676,363 $14,573,829 $11,102,534
2017 $261,891 $25,172,906 $14,288,068 $10,884,838
2016 $253,652 $24,644,330 $13,972,916 $10,671,414
2014 $246,138 $23,798,654 $13,493,432 $10,305,222
Source: Public Records

Agents Affiliated with this Home

  • Cristal Clarke

    Seller's Agent in 2021

    Cristal Clarke

    Berkshire Hathaway HomeServices California Properties

    (805) 886-9378

    114 in this area

    223 Total Sales

    Cristal Clarke
    Section Image

  • T

    Seller Co-Listing Agent in 2021

    Timothy Di Prizito

    Coldwell Banker Realty

  • D

    Buyer's Agent in 2021

    Dusty Baker

    Sotheby's International Realty

    (805) 570-0102

    17 in this area

    115 Total Sales

    Dusty Baker
    Section Image
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Map

Source: Santa Barbara Multiple Listing Service

MLS Number: 20-4268

Santa Barbara Multiple Listing Service

APN: 011-140-015

California Santa Barbara County Santa Barbara 93108

650 Picacho Ln, Santa Barbara, CA

This home is located at 650 Picacho Ln, Santa Barbara, CA 93108 since 20 November 2020 and is currently estimated at $17,712,148, approximately $1,476 per square foot. This property was built in 1946. 650 Picacho Ln is a home located in Santa Barbara County with nearby schools including Santa Barbara Junior High School, Santa Barbara Senior High School, and Our Lady of Mount Carmel School.

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