NOT LISTED FOR SALE

Estimated Value: $5,067,000 - $9,803,000

4 Beds
0.5 Bath
5,235 Sq Ft
$1,424/Sq Ft Est. Value

Highlights

  • Ocean Front
  • Maid or Guest Quarters
  • Deck
  • Gated with Attendant
  • Fireplace in Primary Bedroom
  • Main Floor Bedroom

About This Home

As of June 2022

Palatial ocean front estate provides peaceful venue for enjoying an elevated Santa Barbara lifestyle. Premier location oriented for panoramic views of the Pacific Ocean, Channel Islands, and Santa Ynez mountains with sunset views up the coast to Santa Barbara. The 4 BR + office, 3.5 BA residence boasts an ambiance of spaciousness and light with its incredible scale, open floor plan and expanses of glass windows and doors to the ocean facing loggia and deck. Moorish exterior architecture with beautiful arches to frame the picturesque ocean views is coupled with contemporary interiors. The main level consists of the grand living room with custom arched fireplace and soaring ceiling, gourmet kitchen with large island and counter seating, great room, dining area, 2 bedrooms, and foyer. Upstairs are the primary & guest suites and foyer with balcony. The expansive primary suite opens to a private wrap-around terrace with spectacular ocean views, sitting room, office/gym space, walk-in closet with a separate dressing room, and luxurious en-suite bath with a jacuzzi tub and separate shower. The guest suite hosts a private exterior entrance and features a bedroom with a separate living space, kitchenette, and en-suite bathroom. The over-sized, three car attached garage has an abundance of storage space. Available unfurnished, yearly.

Last Agent to Rent the Property

Mary Whitney

Berkshire Hathaway HomeServices California Properties License #01144746 Listed on: 03/01/2022

Berkshire Hathaway HomeServices California Properties

Last Renter's Agent

Mary Whitney

Berkshire Hathaway HomeServices California Properties License #01144746 Listed on: 03/01/2022

Berkshire Hathaway HomeServices California Properties

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $61,587

Year Built

  • Built in 1997

Lot Details

  • Ocean Front
  • Property is in excellent condition

Parking

  • Attached Garage

Property Views

  • Ocean
  • Beach
  • Panoramic

Interior Spaces

  • 5,235 Sq Ft Home
  • Multiple Fireplaces
  • Living Room with Fireplace
  • Dining Area
  • Home Office
  • Home Gym
  • Breakfast Bar
  • Laundry Room

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Main Floor Bedroom
  • Fireplace in Primary Bedroom
  • Maid or Guest Quarters
  • 0.5 Bathroom

Outdoor Features

  • Deck
  • Covered Patio or Porch

Community Details

  • Gated with Attendant

Listing and Financial Details

  • Property Available on 9/1/22
  • Assessor Parcel Number 005-600-004

Home Details

Home Type

Single Family

Est. Annual Taxes

$61,587

Year Built

Built in 1997

Lot Details

0

Listing Details

  • Prop. Type: ResidentialLease
  • Reso Property Sub Type: Home/Estate
  • NumberUnfurnished: Unfurnished
  • ResoLaundryFeatures: Laundry Room
  • Garage Yn: Yes
  • New Construction: No
  • Reso Property Condition: Excellent
  • Condition Excellent: Yes
  • Property Information:Date Available: 2022-09-01
  • Property Information Total Bathrooms2: 3.5
  • GroundsLandscaping Deck: Yes
  • Dining Breakfast Bar: Yes
  • Dining Dining Area: Yes
  • Laundry Laundry Room: Yes
  • Fireplace(s) Living Room: Yes
  • Property Information Year Built3: 1997
  • GroundsLandscaping Patio Open: Yes
  • View Ocean2: Yes
  • ParkingGarage Attached5: Yes
  • GroundsLandscaping Patio Covered: Yes
  • Rooms Ground Floor Bedroom: Yes
  • View Beach: Yes
  • LocationTopo Oceanfront: Yes
  • Security GateGuard: Yes
  • Amenities Guest Quarters: Yes
  • Fireplace(s):_two_: Yes
  • Fireplace(s) Master Bedroom: Yes
  • ParkingGarage Gar #34: Yes
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1997

Interior Features

  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Fireplace Features: 2, Living Room, Master Bedroom
  • Other Rooms:Office: Yes
  • Other Rooms:Exercise Room: Yes

Exterior Features

  • View: Beach, Ocean, Panoramic
  • Exterior Features: Deck, Patio Covered, Patio Open
  • View:Panoramic: Yes

Garage/Parking

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

Lot Info

  • Parcel #: 005-600-004

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 22, 2018
Sold by
Pande Ravindra K and Pande Revocable Liv Ravindra K
Bought by
Sbb Villa Sllc
Current Estimated Value
$7,455,645

Purchase Details

Closed on
Mar 6, 2015
Sold by
Defnet Bruce and Defnet Jane
Bought by
Pande Ravindra K

Purchase Details

Closed on
Apr 27, 2008
Sold by
Pande Ravindra K
Bought by
Pande Ravindra K

Purchase Details

Closed on
Apr 24, 2007
Sold by
Pande Ravindra K and Pande Ravi K
Bought by
Pande Ravindra K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,430,000
Interest Rate
6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 25, 2000
Sold by
Keith Rains John and Ellen Sue
Bought by
Pande Ravi K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,885,000
Interest Rate
7.83%

Purchase Details

Closed on
Aug 11, 1994
Sold by
Fagoora Param S
Bought by
Rains John Keith and Rains Sue Ellen
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
Sbb Villa Sllc $4,700,000 None Available
Pande Ravindra K -- None Available
Pande Ravindra K -- None Available
Pande Ravindra K -- First American Title Company
Pande Ravi K -- Fidelity National Title Co
Rains John Keith -- Chicago Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Pande Ravindra $1,712,500
Previous Owner Ravinda Pande Revocable Living Trust $500,000
Previous Owner Pande Ravindra K $2,430,000
Previous Owner Pande Ravindra K $2,430,000
Previous Owner Pande Ravi K $2,500,000
Previous Owner Pande Ravi K $1,885,000
Previous Owner Rains John Keith $375,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/02/2022 06/02/22 Rented $30,000 0.0% --
06/02/2022 06/02/22 Off Market $30,000 -- --
05/09/2022 05/09/22 For Rent $30,000 -- --
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 $61,587 $5,923,707 $3,413,486 $2,510,221
2023 $61,587 $5,686,956 $3,280,937 $2,406,019
2022 $59,488 $5,575,448 $3,216,605 $2,358,843
2021 $58,228 $5,466,127 $3,153,535 $2,312,592
2020 $57,631 $5,410,080 $3,121,200 $2,288,880
2019 $56,488 $6,324,000 $4,080,000 $2,244,000
2018 $51,240 $4,795,366 $3,579,643 $1,215,723
2017 $50,341 $4,701,340 $3,509,454 $1,191,886
2016 $49,469 $4,609,158 $3,440,642 $1,168,516
2015 $48,924 $4,539,925 $3,388,961 $1,150,964
2014 -- $4,450,995 $3,322,576 $1,128,419
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Santa Barbara Multiple Listing Service

MLS Number: 22-495

Santa Barbara Multiple Listing Service

APN: 005-600-004