NOT LISTED FOR SALE

Estimated Value: $7,100,000 - $19,860,112

4 Beds
4.5 Baths
7,775 Sq Ft
$1,734/Sq Ft Est. Value

Last Sold September 16, 2022

Last sale price $18,250,000 $2,347 Per Sq Ft

Est. 26% decrease in value since last sale

Current estimated payment $89,768/month

40 Days on Market

Highlights

  • Guest House
  • Tennis Courts
  • Property is near an ocean
  • Cold Spring Elementary School Rated A
  • Spa
  • Estate

About This Home

As of September 2022

The epitome of grace & grandeur, this architectural garden estate presides on 4 acres of mountain views & 200-year old trees. Once host to a music pavilion while part of the original Arcady Estate, the main house was extensively renovated by acclaimed Warner Group Architects to combine Palladian details with modern design. 4 bedrooms in the main home, the primary bedroom on main floor, & lower level features an airy great room/ game room opening up to the gardens. One bedroom guest cottage, pool/spa, expansive lawn, lighted tennis court, house generator, bocce court, putting green, fountains, terraces, ponds, & two separate 2-car garages. Symmetry, style, & natural flow from the residence to the lush gardens embody Montecito's standard of elevated outdoor living. Published in Veranda & AD.

Last Agent to Sell the Property

Marsha Kotlyar Estate Group

Berkshire Hathaway HomeServices California Properties License #01426886 Listed on: 07/21/2022

Berkshire Hathaway HomeServices California Properties

Last Buyer's Agent

Rochelle Maize

Nourmand & Associates License #01365331

Nourmand & Associates

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $196,836

Lot Details

  • 3.92 Acre Lot
  • Gated Home
  • Irrigation
  • Fruit Trees
  • Wooded Lot
  • Lawn
  • Property is in excellent condition

HOA Fees

  • $58 Monthly HOA Fees

Parking

  • Detached Garage

Property Views

  • Woods
  • Mountain

Home Design

  • Estate
  • Slab Foundation

Interior Spaces

  • 7,775 Sq Ft Home
  • 2-Story Property
  • Wet Bar
  • Cathedral Ceiling
  • Double Pane Windows
  • Family Room with Fireplace
  • Great Room
  • Living Room with Fireplace
  • Formal Dining Room
  • Home Office
  • Game Room
  • Home Security System
  • Laundry Room

Kitchen

  • Updated Kitchen
  • Breakfast Area or Nook

Flooring

  • Wood
  • Stone

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Primary Bedroom on Main
  • Remodeled Bathroom
  • Maid or Guest Quarters

Pool

  • Spa
  • Outdoor Pool

Outdoor Features

  • Property is near an ocean
  • Tennis Courts
  • Covered Patio or Porch

Additional Homes

  • Guest House

Location

  • Property is near a park
  • Property is near public transit
  • Property is near schools
  • Property is near shops
  • Property is near a bus stop

Schools

  • Cold Spring Elementary School
  • S.B. Jr. Middle School
  • S.B. Sr. High School

Utilities

  • Forced Air Heating and Cooling System
  • Radiant Heating System
  • Power Generator
  • Sewer Stub Out

Listing and Financial Details

  • Assessor Parcel Number 013-192-051

Community Details

Recreation

  • Bocce Ball Court

Additional Features

  • Restaurant

Home Details

Home Type

Single Family

Est. Annual Taxes

$196,836

Lot Details

0

HOA Fees

$58 per month

Listing Details

  • Association Fee: $700/year
  • Prop. Type: Residential
  • Year Built: 1
  • Reso Property Sub Type: Home/Estate
  • ResoLaundryFeatures: Laundry Room
  • ResoLotFeatures: Near Public Transit
  • ResoSecurityFeatures: Gate:Elec, Security Camera, Security System
  • Architectural Style: Estate
  • Reso Flooring: Hardwood, Stone
  • Garage Yn: Yes
  • Unit Levels: Two
  • New Construction: No
  • Reso Property Condition: Excellent
  • Property Information Year Built2: 1
  • Property Information Total #Units: 1
  • Property Information Apx # Acres: 3.92
  • NeighborhoodSchools Elementary School: Cold Spring
  • 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
  • Condition Excellent: Yes
  • Foundation:Slab: Yes
  • GroundsLandscaping Pool: Yes
  • GroundsLandscaping Yard Irrigation TO: Yes
  • GroundsLandscaping Patio Open2: Yes
  • GroundsLandscaping Lawn2: Yes
  • GroundsLandscaping Fruit Trees2: Yes
  • GroundsLandscaping Fenced ALL2: Yes
  • View Setting2: Yes
  • Proximity Near Ocean2: Yes
  • Proximity Near Park(s)2: Yes
  • Proximity Near School(s)2: Yes
  • Rooms Family Room4: Yes
  • Rooms Ground Floor Bedroom2: Yes
  • Rooms Ground Floor Primary: Yes
  • Dining Dining Area2: Yes
  • Laundry Laundry Room2: Yes
  • Amenities Dual Pane Window2: Yes
  • Amenities Remodeled Bath2: Yes
  • Amenities Remodeled Kitchen2: Yes
  • Fireplace(s) LR: Yes
  • Security Security System: Yes
  • Security GateElec: Yes
  • WaterSewer Sewer Hookup: Yes
  • FlrWdw Coverings Hardwood2: Yes
  • Cooling Central Air: Yes
  • Property Information Main House SqFt: 7775.0
  • Style Estate2: Yes
  • Construction Two Story2: Yes
  • GroundsLandscaping Bocce Ball: Yes
  • View Wooded3: Yes
  • Proximity Near Shopping2: Yes
  • Proximity Restaurants: Yes
  • Rooms Office3: Yes
  • Dining Breakfast Area2: Yes
  • Dining Formal2: Yes
  • Dining In Kitchen4: Yes
  • Amenities Guest House2: Yes
  • Amenities Guest Quarters2: Yes
  • Amenities Wet Bar2: Yes
  • Fireplace(s) Family Room3: Yes
  • Security Security Camera2: Yes
  • FlrWdw Coverings Stone2: Yes
  • Proximity Near Bus: Yes
  • GroundsLandscaping Wooded4: Yes
  • GroundsLandscaping Spa - Outside: Yes
  • GroundsLandscaping Tennis Court(s)3: Yes
  • ParkingGarage Detached: Yes
  • GroundsLandscaping Patio Covered2: Yes
  • ParkingGarage Gar #4: Yes
  • Rooms:Den: Yes
  • Amenities GasElectricDiesel Generator: Yes
  • Rooms Game Room3: Yes
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Fireplace Features: Family Room, LR
  • Other Rooms:Great Room: Yes
  • Other Rooms:Media Room: Yes

Exterior Features

  • Roof: Other
  • View: Mountain(s), Setting, Wooded
  • Acres: 3.92
  • Exterior Features: Other, Tennis Court(s), Pool, Patio Open, Patio Covered, SPA-Outside, Lawn, Fruit Trees, Wooded, Yard Irrigation T/O, Fenced: ALL
  • Foundation Details: Slab

Garage/Parking

  • Attached Garage: No
  • Parking Features: Gar #4, Detached

Utilities

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

Association/Amenities

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

Schools

  • Elementary School: Cold Spring
  • High School: S.B. Sr.
  • Middle Or Junior School: S.B. Jr.

Lot Info

  • Parcel #: 013-192-051
  • Zoning: R-1
  • Lot Size Sq Ft: 170755.2
  • ResoLotSizeUnits: Acres
  • ResoLotSizeUnits: Acres

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 21, 2024
Sold by
Villa Montecito Llc
Bought by
Palazzo Bracheco Llc
Current Estimated Value
$13,480,056

Purchase Details

Listed on
Jul 21, 2022
Closed on
Aug 26, 2022
Sold by
Hines Family Investments Llc
Bought by
Villa Montecito Llc
Seller's Agent
Marsha Kotlyar Estate Group
Berkshire Hathaway HomeServices California Properties
Buyer's Agent
Rochelle Maize
Nourmand & Associates
List Price
$22,500,000
Sold Price
$18,250,000
Premium/Discount to List
-$4,250,000
-18.89%
Views
98

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-9.76%
Original Mortgage
$11,850,000
Interest Rate
3.2%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 15, 2012
Sold by
Willfong Alice L
Bought by
Hines Family Investments Llc

Purchase Details

Closed on
Dec 22, 2003
Sold by
Willfong Alice L
Bought by
Willfong Alice L

Purchase Details

Closed on
Mar 16, 1998
Sold by
Langstaff Bergerac Norma
Bought by
Willfong Donald J and Willfong Alice L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,960,000
Interest Rate
5.62%

Purchase Details

Closed on
Mar 15, 1996
Sold by
Bergerac Michel C
Bought by
Bergerac Norma Langstaff
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
Palazzo Bracheco Llc -- Fidelity National Title
Villa Montecito Llc $18,250,000 Chicago Title
Hines Family Investments Llc $7,000,000 Chicago Title Company
Willfong Alice L -- --
Willfong Donald J $2,800,000 Fidelity National Title
Bergerac Norma Langstaff -- Chicago Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Villa Montecito Llc $11,850,000
Previous Owner Hines Family Investments Llc $14,000,000
Previous Owner Willfong Alice L $1,970,000
Previous Owner Willfong Donald J $1,960,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/16/2022 09/16/22 Sold $18,250,000 0.0% $2,347 / Sq Ft
09/16/2022 09/16/22 Off Market $18,250,000 -- --
08/31/2022 08/31/22 Pending -- -- --
07/21/2022 07/21/22 For Sale $22,500,000 -- $2,894 / 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 $196,836 $18,987,300 $8,323,200 $10,664,100
2023 $196,836 $18,250,000 $8,000,000 $10,250,000
2022 $88,028 $8,122,812 $3,249,124 $4,873,688
2021 $86,214 $7,963,542 $3,185,416 $4,778,126
2020 $84,735 $7,881,887 $3,152,754 $4,729,133
2019 $82,974 $7,727,341 $3,090,936 $4,636,405
2018 $81,392 $7,575,826 $3,030,330 $4,545,496
2017 $79,908 $7,427,281 $2,970,912 $4,456,369
2016 $77,483 $7,281,649 $2,912,659 $4,368,990
2015 $76,353 $7,172,273 $2,868,909 $4,303,364
2014 $75,146 $7,031,780 $2,812,712 $4,219,068
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Santa Barbara Multiple Listing Service

MLS Number: 22-2487

Santa Barbara Multiple Listing Service

APN: 013-192-051