NOT LISTED FOR SALE

888 Cold Springs Rd Santa Barbara, CA 93108

Estimated Value: $6,370,000 - $15,797,092

5 Beds
6.5 Baths
11,539 Sq Ft
$961/Sq Ft Est. Value

Last Sold December 17, 2018

Last sale price $10,000,000 $867 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $70,140/month

247 Days on Market

Highlights

  • Guest House
  • Tennis Courts
  • Estate
  • Cold Spring Elementary School Rated A
  • Pool House
  • View of Trees or Woods

About This Home

As of December 2018

Provenance and pedigree meet comfort and contemporary conveniences on this breathtaking and very private 4.5-acre grand Montecito estate. The Mediterranean home, lovely guesthouse and vintage pool house rest on the grounds of historic El Mirador. There is a special, rarefied quality here, yet the ambiance evokes a sort of joie de vivre. Impeccably landscaped gardens, expansive manicured lawns and hedges, a pond, pergolas, terraces, and a large pool provide space and amenities for extensive entertaining and celebrations.

The primary residence, though substantial, offers an air of intimacy, warmth, and calm abiding, thanks to liberal use of warm woods in floors, masterfully crafted cabinetry and paneling. Those accoutrements are complemented by vast open-beam and truss, barrel- and groin-vaulted ceilings and an abundance of French doors and windows. The result is a singular home imbued with a profusion of spaciousness and light.

Rooms are large yet somehow intimate. The formal living room, for example, at over 1,000 square feet, feels friendly and comfortable thanks to its substantial fireplace, large coved windows, and its French doors opening to one of several terraces, and beyond to impeccably maintained grounds. The family room, library, office, loggia and grand foyer grace the home's entrance level as well. The formal dining room - comfortably seating a dozen or more in style - as well as the large chef's kitchen and adjacent informal dining area, create a culinary center perfect for entertaining friends or large and extended family.

The home's four bedrooms all host baths en suite. The nearly 600 square-foot master suite could uphold the title "regal" with its impressive fireplace, arched French doors to its private balcony, pair of large walk-in closets, and two luxurious bathrooms. A second primary bedroom suite also has a fireplace, as well as a pair of intimate balconies.

Even the most discerning guests at this impressive Montecito estate will feel at home in the substantial 3-bedroom, 2-bath guest house. Its upper level hosts a large living room, bedroom and bath, while the entry level features a den, kitchen and dining area, two bedrooms and an additional bath.

The Adobe, a structure well-preserved from the original El Mirador estate, has been expertly restored to maintain the ambiance of yesteryear while incorporating today's comforts and amenities. It provides 2 bedrooms, 2 baths, a kitchen, and a wonderful over 40-foot-long living room. On one side it opens to an expansive vine-covered veranda, running the entire length of the adobe and overlooking the lighted tennis court. On the other side, the living room opens to the estate's glistening swimming pool.

It is to be expected of any estate of this stature that its grounds would be as magnificent as its structures. Palmyra is no exception. Elegant entry gates open to a serpentine driveway lined with tall hedges and mature trees. There are rolling lawns, impeccably-trimmed privets, tropical and native flora, citrus trees, flower gardens, a lagoon, pergolas and fountain; all sustained by a private artesian well.

Close to the acclaimed Lotusland, this magical Montecito estate represents the epitome of class, prestige, and the comfortable luxury and sophistication for which Montecito is world-renowned.

Main Residence: 5 Bed, 6.5 Bath. Guest House: 3 Bed, 2 Bath. Adobe: 2 Bed, 3 Bath.

Last Agent to Sell the Property

Cristal Clarke

Berkshire Hathaway HomeServices California Properties License #00968247 Listed on: 04/12/2018

Berkshire Hathaway HomeServices California Properties

Last Buyer's Agent

Cristal Clarke

Berkshire Hathaway HomeServices California Properties License #00968247 Listed on: 04/12/2018

Berkshire Hathaway HomeServices California Properties

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $116,984

Year Built

  • Built in 1991

Lot Details

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

Property Views

  • Woods
  • Mountain

Home Design

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

Interior Spaces

  • 2-Story Property
  • Wet Bar
  • Cathedral Ceiling
  • Skylights
  • Multiple Fireplaces
  • Family Room with Fireplace
  • Living Room with Fireplace
  • Dining Room with Fireplace
  • Formal Dining Room
  • Home Office
  • Library
  • Home Security System
  • Basement

Kitchen

  • Breakfast Area or Nook
  • Gas Range
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Carpet
  • Stone
  • Tile

Bedrooms and Bathrooms

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

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • Detached Garage
  • Uncovered Parking

Pool

  • Pool House
  • Outdoor Pool
  • Spa

Outdoor Features

  • Tennis Courts
  • Deck
  • Patio
  • Built-In Barbecue

Additional Homes

  • Guest House

Location

  • Property is near a park
  • Property is near schools
  • Property is near shops

Schools

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

Utilities

  • Forced Air Heating and Cooling System
  • Shared Well

Listing and Financial Details

  • Assessor Parcel Number 013-220-016

Home Details

Home Type

Single Family

Est. Annual Taxes

$116,984

Year Built

Built in 1991

Lot Details

0

Listing Details

  • Prop. Type: Residential
  • Year Built: 1991
  • Reso Property Sub Type: Home/Estate
  • ResoLaundryFeatures: Other, Laundry Room
  • ResoLotFeatures: Level
  • ResoSecurityFeatures: Gate:Elec, Security Camera, Security System
  • Architectural Style: Medit, Estate
  • Reso Flooring: Carpet, Hardwood, Stone, Tile
  • Garage Yn: Yes
  • Unit Levels: Two
  • New Construction: No
  • Reso Other Structures: Other
  • Reso Property Condition: Excellent
  • Property Information Year Built2: 1991
  • Property Information Total #Units: 1
  • NeighborhoodSchools Elementary School: Cold Spring
  • NeighborhoodSchools Junior High School: S.B. Jr.
  • NeighborhoodSchools High School: S.B. Sr.
  • View Mountain(s)2: Yes
  • LocationTopo Level: Yes
  • Property Information Within City Limits: No
  • Condition Excellent: Yes
  • Exterior:Stucco: Yes
  • GroundsLandscaping Pool: Yes
  • GroundsLandscaping Patio Open2: Yes
  • GroundsLandscaping Lawn2: Yes
  • GroundsLandscaping Fruit Trees2: Yes
  • GroundsLandscaping Fenced ALL2: Yes
  • View Setting2: Yes
  • Proximity Near Park(s)2: Yes
  • Proximity Near School(s)2: Yes
  • Rooms Family Room4: Yes
  • Laundry Laundry Room2: Yes
  • Amenities Skylight2: Yes
  • Appliances Included Dishwasher3: Yes
  • Appliances Included Disposal3: Yes
  • Appliances Included Dryer3: Yes
  • Appliances Included Gas Range2: Yes
  • Appliances Included Washer3: Yes
  • Fireplace(s) LR: Yes
  • Security Security System: Yes
  • Security GateElec: Yes
  • FlrWdw Coverings Hardwood2: Yes
  • FlrWdw Coverings Tile3: Yes
  • Cooling Central Air: Yes
  • Style Estate2: Yes
  • Construction Two Story2: Yes
  • ParkingGarage Gar #33: Yes
  • GroundsLandscaping Built-in BBQ: Yes
  • View Wooded3: Yes
  • Proximity Near Shopping2: 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):_two_4: Yes
  • Fireplace(s) Dining Room2: Yes
  • Fireplace(s) Family Room3: Yes
  • Fireplace(s) Primary Bedroom: Yes
  • Security Security Camera2: Yes
  • FlrWdw Coverings Stone2: Yes
  • GroundsLandscaping Wooded4: Yes
  • FlrWdw Coverings Carpet: Yes
  • Roof:Tile2: Yes
  • GroundsLandscaping Yard Irrigation PRT: Yes
  • GroundsLandscaping Deck3: Yes
  • GroundsLandscaping Hot Tub2: Yes
  • GroundsLandscaping Tennis Court(s)3: Yes
  • WaterSewer Shared Well: Yes
  • ParkingGarage Detached: Yes
  • Style Medit2: Yes
  • Foundation Raised: Yes
  • Rooms LbryStudy: Yes
  • ParkingGarage Unc #33: Yes
  • GroundsLandscaping Pool House2: Yes
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Refrigerator, Gas Range, Dishwasher, Disposal, Dryer, Washer
  • Full Bathrooms: 6
  • Half Bathrooms: 1
  • Total Bedrooms: 5
  • Fireplace Features: Primary Bedroom, Family Room, Dining Room, 2+, LR
  • Bedrooms Basement: Yes

Exterior Features

  • Roof: Tile
  • View: Mountain(s), Setting, Wooded
  • Construction Type: Stucco
  • Topography: Level
  • Exterior Features: Tennis Court(s), Pool, Pool House, Deck, Patio Open, Hot Tub, Lawn, Fruit Trees, Wooded, Yard Irrigation PRT, Fenced: ALL
  • Foundation Details: Raised

Garage/Parking

  • Attached Garage: No
  • Parking Features: Gar #3, Unc #3, Detached

Utilities

  • Cooling: Central Air
  • Heating: Forced Air
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Water Source: Shared Well, Mont Wtr
  • Heating:Forced Air: 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 #: 013-220-016
  • Zoning: R-1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 12, 2018
Closed on
Nov 26, 2018
Sold by
Hahn Carla Brasseur
Bought by
Abrams Jeffrey P
Seller's Agent
Cristal Clarke
Berkshire Hathaway HomeServices California Properties
Buyer's Agent
Cristal Clarke
Berkshire Hathaway HomeServices California Properties
List Price
$12,750,000
Sold Price
$10,000,000
Premium/Discount to List
-$2,750,000
-21.57%
Current Estimated Value
$11,083,546

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,083,546
Avg. Annual Appreciation
1.56%

Purchase Details

Closed on
Oct 18, 2013
Sold by
Hahn Carla Brasseur
Bought by
Hahn Carla Brasseur

Purchase Details

Closed on
May 30, 2012
Sold by
Hahn Carla Brasseur and Musen Kenneth N
Bought by
Hahn Carla Brasseur

Purchase Details

Closed on
Apr 10, 2012
Sold by
Hahn Carla Brassuer and Musen Kenneth N
Bought by
Hahn Carla Brassuer

Purchase Details

Closed on
Aug 19, 2003
Sold by
Hahn Stephen
Bought by
Hahn Stephen R and Hahn Carla Brasseur

Purchase Details

Closed on
May 25, 2000
Sold by
Brasseur Jules J
Bought by
Hahn Carla and Benson Julie
Source: Public Records

Range of Values:

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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
Abrams Jeffrey P $10,000,000 Fidelity National Title Co
Hahn Carla Brasseur -- None Available
Hahn Carla Brasseur -- None Available
Hahn Carla Brassuer -- None Available
Hahn Stephen R -- --
Hahn Carla -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Hahn Carla Brasseur $1,000,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/17/2018 12/17/18 Sold $10,000,000 -21.6% $867 / Sq Ft
12/15/2018 12/15/18 Pending -- -- --
04/12/2018 04/12/18 For Sale $12,750,000 -- $1,105 / 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 $116,984 $11,160,287 $4,462,074 $6,698,213
2023 $116,984 $10,722,019 $4,288,807 $6,433,212
2022 $113,165 $10,511,784 $4,204,713 $6,307,071
2021 $110,818 $10,305,671 $4,122,268 $6,183,403
2020 $108,997 $10,200,000 $4,080,000 $6,120,000
2019 $106,718 $10,000,000 $4,000,000 $6,000,000
2018 $115,262 $10,826,190 $4,565,069 $6,261,121
2017 $113,206 $10,613,912 $4,475,558 $6,138,354
2016 $109,785 $10,405,797 $4,387,802 $6,017,995
2014 $106,571 $10,048,722 $4,237,235 $5,811,487
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Santa Barbara Multiple Listing Service

MLS Number: 18-1251

Santa Barbara Multiple Listing Service

APN: 013-220-016