NOT LISTED FOR SALE

848 Picacho Ln Montecito, CA 13108

Estimated Value: $8,453,000 - $17,598,485

6 Beds
0.5 Bath
7,270 Sq Ft
$1,736/Sq Ft Est. Value

Highlights

  • Ocean View
  • Home Theater
  • Estate
  • Santa Barbara Senior High School Rated A-
  • Spa
  • Updated Kitchen

About This Home

As of October 2021

This classic Montecito estate property, built-in 1930 and fully restored in 2020, by the renowned architects Sorrell & Sorrell, is for those who appreciate old-world Mediterranean craftsmanship and beauty. It is located in the heart of Montecito's exclusive (golden quadrangle) and on one of its most prestigious streets. The gated property offers privacy and seclusion, expansive and unobstructed treetop, mountain and ocean views. It's a pleasant stroll to the Upper Village and the San Ysidro Inn. It's a short ride to the Lower Village, Butterfly Beach, the Rosewood Miramar Hotel, and beach clubs. The architectural design and materials of this country home, combined with the regal gardens and stunning views, give one the feeling of being in the hills of the French Riviera. The villa contains five bedrooms plus maids quarters, seven full baths, three fireplaces, two bars, a billiards room, media room, gym, wine cellar, and a six-zone Sonos music system. It incorporates the highest quality appliances and an eclectic mix of custom furniture, antiques, quality bedding, and original art. The master suite enjoys his and her bathrooms and closets. The grounds of the property encompass a stone terrace and sun porch that offer ocean and mountain views, three fountains, a pool, and Jacuzzi. The Provencal gardens include a rose garden with gazebo, fruit and nut trees, vegetable/herb gardens, a lower sitting area, a quaint pond, and a chicken coop that produces fresh eggs.The property has a three-car garage, parking for another nine cars, an upper and lower gate which are all on 2.2 prime acres. Most of all, it is the feeling of beauty, abundance, and peace that the mature vegetation, expansive forever views, exquisite gardens, and architecture that gives the estate its uniqueness and charm. The first time ever available for lease, this is a rare opportunity to enjoy a historic French country estate in the very best location that Montecito has to offer. It is truly a slice of heaven that must be seen to be fully appreciated. The property included private water well to service the garden.

Last Agent to Rent the Property

Blasi Cuidad

Keller Williams Beverly Hills Realty Listed on: 08/21/2021

Co-Listed By

Steve Epstein

Keller Williams Realty Santa Barbara License #00994429

Last Renter's Agent

Josiah Hamilton

Berkshire Hathaway HomeServices California Properties License #01415235

Berkshire Hathaway HomeServices California Properties

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $133,837

Year Built

  • Built in 1930

Lot Details

  • Fenced
  • Fruit Trees
  • Wooded Lot
  • Lawn
  • Property is in excellent condition

Parking

  • Direct Access Garage

Property Views

  • Ocean
  • Mountain

Home Design

  • Estate
  • Mediterranean Architecture
  • Tri-Level Property

Interior Spaces

  • 7,270 Sq Ft Home
  • Furnished
  • Multiple Fireplaces
  • Gas Fireplace
  • Family Room with Fireplace
  • Living Room with Fireplace
  • Formal Dining Room
  • Home Theater
  • Home Office
  • Game Room
  • Home Gym
  • Stone Flooring

Kitchen

  • Updated Kitchen
  • Breakfast Bar
  • Built-In Double Oven
  • Built-In Range
  • Stove
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Main Floor Bedroom
  • Fireplace in Primary Bedroom
  • Remodeled Bathroom
  • 0.5 Bathroom

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

  • Home Security System
  • Intercom

Pool

  • Spa
  • Outdoor Pool

Outdoor Features

  • Deck
  • Patio
  • Gazebo
  • Outdoor Grill

Location

  • Property is near schools
  • Property is near shops

Utilities

  • Central Air
  • Internet Available
  • Cable TV Available

Listing and Financial Details

  • Property Available on 8/23/21
  • Assessor Parcel Number 011-100-011.

Home Details

Home Type

Single Family

Est. Annual Taxes

$133,837

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Prop. Type: ResidentialLease
  • Reso Property Sub Type: Home/Estate
  • NumberUnfurnished: Furnished
  • ResoLaundryFeatures: Laundry Room
  • Co List Office Mls Id: kwrc3
  • Co List Office Phone: 805-456-3600
  • Architectural Style: Estate, Medit
  • Reso Flooring: Stone
  • Garage Yn: Yes
  • Unit Levels: Tri-Level
  • New Construction: No
  • Reso Property Condition: Excellent
  • Condition Excellent: Yes
  • Property Information:Date Available: 2021-08-23
  • Property Information Total Bathrooms2: 8.0
  • GroundsLandscaping Fenced All: Yes
  • View Mountain(s): Yes
  • View Setting: Yes
  • GroundsLandscaping BBQ: Yes
  • GroundsLandscaping Deck: Yes
  • GroundsLandscaping Fruit Trees: Yes
  • Dining Breakfast Bar: Yes
  • Dining Dining Area: Yes
  • Laundry Laundry Room: Yes
  • Fireplace(s) Living Room: Yes
  • Furnishings Fully Furnished: Yes
  • Furnishings Internet: Yes
  • Property Information Year Built3: 1930
  • Style Medit: Yes
  • Construction Tri-Level: Yes
  • GroundsLandscaping Patio Open: Yes
  • GroundsLandscaping Pool3: Yes
  • GroundsLandscaping Spa - Outside: Yes
  • View Ocean2: Yes
  • Proximity Near School(s): Yes
  • Proximity Near Shopping: Yes
  • Security Secrurity System: Yes
  • Pets Yes8: Yes
  • ParkingGarage Attached5: Yes
  • ParkingGarage Interior Access2: Yes
  • GroundsLandscaping Hot Tub: Yes
  • Rooms Ground Floor Bedroom: Yes
  • Dining Formal: Yes
  • Amenities Remodeled Bath: Yes
  • Amenities Remodeled Kitchen: Yes
  • Appliances Included Gas Stove: Yes
  • Rooms Theatre: Yes
  • Appliances Included OvenBltin: Yes
  • Rooms:Family Room: Yes
  • Dining In Kitchen: Yes
  • Fireplace(s):_two_2: Yes
  • HeatingCooling AC Central: Yes
  • Style Estate: Yes
  • GroundsLandscaping Lawn: Yes
  • GroundsLandscaping Wooded2: Yes
  • Rooms Game Room: Yes
  • Appliances Included Double Oven: Yes
  • Appliances Included OvenRngeBlt-in: Yes
  • FlrWdw Coverings Stone: Yes
  • Fireplace(s) Family Room2: Yes
  • Rooms DenLibraryStudy: Yes
  • GroundsLandscaping Gazebo: Yes
  • Fireplace(s) Master Bedroom: Yes
  • ParkingGarage Gar #34: Yes
  • Appliances Included Intercom: Yes
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1930

Interior Features

  • Appliances: Oven/Rnge/Blt-in, Oven/Blt-in, Dishwasher, Disposal, Double Oven, Dryer, Gas Stove, Intercom, Microwave, Refrigerator, Washer
  • Half Bathrooms: 1
  • Total Bedrooms: 6
  • Fireplace Features: 2+, Family Room, Gas, Living Room, Master Bedroom
  • Appliances Included:Dryer: Yes
  • Appliances Included:Refrigerator: Yes
  • Appliances Included:Washer: Yes
  • Appliances Included:Dishwasher: Yes
  • Appliances Included:Disposal: Yes
  • Appliances Included:Microwave: Yes
  • Other Rooms:Office: Yes
  • Number of Fireplaces Gas: Yes
  • Other Rooms:Exercise Room: Yes

Exterior Features

  • View: Mountain(s), Ocean, Setting
  • Exterior Features: BBQ, Deck, Fenced All, Fruit Trees, Gazebo, Hot Tub, Lawn, Patio Open, Pool, Spa - Outside, Wooded

Garage/Parking

  • Attached Garage: Yes
  • Parking Features: Attached, Interior Access, Gar #3

Association/Amenities

  • Interior Amenities:Pantry: Yes

Lot Info

  • Parcel #: 011-100-011.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 4, 2021
Sold by
Hf Ventures Llc
Bought by
Camden Holdings Llc
Current Estimated Value
$12,617,162

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$6,400,000
Interest Rate
3.1%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 29, 2014
Sold by
Wright Clifford R
Bought by
Hf Ventures Llc

Purchase Details

Closed on
Apr 3, 2010
Sold by
Wright Clifford R
Bought by
Wright Clifford R

Purchase Details

Closed on
Nov 10, 2005
Sold by
Wright Eleanor W
Bought by
Wright Clifford R

Purchase Details

Closed on
Mar 23, 2000
Sold by
Wright Clifford R
Bought by
Wright Clifford R
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Camden Holdings Llc $12,060,000 Chicago Title Company
Hf Ventures Llc $5,500,000 Chicago Title Company
Wright Clifford R -- None Available
Wright Clifford R -- --
Wright Clifford R -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Camden Holdings Llc $8,000,000
Closed Camden Holdings Llc $6,400,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/18/2021 10/18/21 Rented -- -- --
09/18/2021 09/18/21 Under Contract -- -- --
08/21/2021 08/21/21 For Rent $98,000 -- --
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 $133,837 $13,054,130 $5,412,160 $7,641,970
2023 $133,837 $12,547,224 $5,202,000 $7,345,224
2022 $129,135 $12,301,200 $5,100,000 $7,201,200
2021 $113,051 $10,763,304 $5,753,692 $5,009,612
2020 $111,946 $10,652,940 $5,694,695 $4,958,245
2019 $91,800 $8,742,099 $5,586,956 $3,155,143
2018 $80,363 $7,633,431 $5,381,330 $2,252,101
2017 $57,961 $5,456,894 $5,307,775 $149,119
2016 $58,602 $5,583,875 $5,076,250 $507,625
2015 $57,661 $5,500,000 $5,000,000 $500,000
2014 -- $366,575 $112,782 $253,793
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Santa Barbara Multiple Listing Service

MLS Number: 21-3158

Santa Barbara Multiple Listing Service

APN: 011-100-011