Seller's Agent in 2025
Robert Riskin
Village Properties
(805) 698-0199
141 in this area
211 Total Sales
9
Beds
14
Baths
13,362
Sq Ft
3.41
Acres
Highlights
- Ocean View
- Detached Guest House
- Wine Cellar
- Santa Barbara Senior High School Rated A-
- Tennis Courts
- Home Theater
About This Home
As of October 2025700 Picacho Lane presents a rare and irreplaceable opportunity, ideally situated on Montecito's most coveted street, yet set discreetly down a long private drive, offering both privacy and prestige. The expansive, flat acreage unfolds into a sprawling entertainment lawn seamlessly connected to the main residence, all framed by breathtaking 360 ocean/mtn views. Meticulously renovated and designed by the acclaimed Clements Design, the home is the epitome of turn-key luxury. Every amenity today's discerning buyer desires is thoughtfully incorporated: two guest houses, a state-of-the-art gym and wellness area, tennis court, home theater, grand primary suite, five generous guest rooms, catering kitchen, vegetable gardens for the home chef, koi pond, chicken coop the list is endless.
Last Agent to Sell the Property
Village Properties License #01954177 Listed on: 07/07/2025
Home Details
Home Type
- Single Family
Year Built
- Built in 2009
Lot Details
- 3.41 Acre Lot
- Property is zoned 3-E-1
Parking
- 4 Car Garage
Property Views
- Ocean
- Mountain
Home Design
- Slate Roof
Interior Spaces
- 13,362 Sq Ft Home
- 2-Story Property
- Built-In Features
- Wine Cellar
- Family Room with Fireplace
- Family Room on Second Floor
- Living Room with Fireplace
- Dining Room with Fireplace
- Breakfast Room
- Home Theater
- Home Office
- Home Gym
- Laundry Room
- Basement
Kitchen
- Walk-In Pantry
- Oven or Range
- Freezer
- Dishwasher
Flooring
- Wood
- Stone
- Marble
- Tile
Bedrooms and Bathrooms
- 9 Bedrooms
- Walk-In Closet
Pool
- Pool House
- In Ground Pool
Outdoor Features
- Tennis Courts
- Basketball Court
- Covered Patio or Porch
Additional Homes
- Detached Guest House
Utilities
- Air Conditioning
- Forced Air Heating System
- Water Purifier
Community Details
- No Home Owners Association
Listing and Financial Details
- Assessor Parcel Number 011-140-024
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Mar 14, 2022
Sold by
Mjr Enterprises Llc
Bought by
2005 Green Oak Drive Trust and Feldstein
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$33,800,000
Outstanding Balance
$30,973,083
Interest Rate
2.84%
Mortgage Type
New Conventional
Estimated Equity
$1,351,405
Purchase Details
Closed on
Sep 21, 2020
Sold by
Berkoff S and Profile Property Trust
Bought by
Mjr Enterprises Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$18,000,000
Interest Rate
2.65%
Mortgage Type
New Conventional
Purchase Details
Closed on
Aug 27, 2009
Sold by
Berkoff S
Bought by
Berkoff S
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$14,000,000
Interest Rate
3%
Mortgage Type
New Conventional
Purchase Details
Closed on
Mar 7, 2005
Sold by
Wait & Sea Llc
Bought by
Berkhoff S
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$8,500,000
Interest Rate
5.64%
Mortgage Type
Construction
Purchase Details
Closed on
Mar 22, 2001
Sold by
Brown Monte Tate and Brown Merryl
Bought by
Wait & Sea Llc
Purchase Details
Closed on
Feb 8, 2001
Sold by
Brown Monte T
Bought by
Brown Monte Tate and Brown Merryl
Purchase Details
Closed on
Sep 26, 1994
Sold by
Brown Merryl
Bought by
Brown Monte T
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,320,000
Interest Rate
6.25%
Purchase Details
Closed on
Aug 26, 1994
Sold by
Universal Restoration Inc
Bought by
Brown Monte T
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,320,000
Interest Rate
6.25%
Purchase Details
Closed on
Aug 11, 1994
Sold by
Shamis Robert
Bought by
Universal Restoration Inc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,320,000
Interest Rate
6.25%
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $52,000,000 | Chicago Title | |
| Grant Deed | $44,500,000 | Chicago Title Company | |
| Interfamily Deed Transfer | -- | Stewart Title Of California | |
| Grant Deed | -- | Fidelity National Title Co | |
| Grant Deed | -- | Lawyers Title Company | |
| Interfamily Deed Transfer | -- | -- | |
| Interfamily Deed Transfer | -- | Santa Barbara Title Company | |
| Grant Deed | $2,200,000 | Santa Barbara Title Co | |
| Grant Deed | $1,700,000 | Santa Barbara Title Company |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $33,800,000 | New Conventional | |
| Previous Owner | $18,000,000 | New Conventional | |
| Previous Owner | $14,000,000 | New Conventional | |
| Previous Owner | $8,500,000 | Construction | |
| Previous Owner | $1,320,000 | No Value Available |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 10/07/2025 10/07/25 | Sold | $60,000,000 | -7.7% | $4,490 / Sq Ft |
| 09/26/2025 09/26/25 | Pending | -- | -- | -- |
| 07/07/2025 07/07/25 | For Sale | $65,000,000 | -- | $4,865 / Sq Ft |
Source: The MLS
Tax History Compared to Growth
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 | $559,833 | $55,182,816 | $18,040,536 | $37,142,280 |
| 2023 | $559,833 | $52,000,000 | $17,000,000 | $35,000,000 |
| 2022 | $471,247 | $45,390,000 | $12,240,000 | $33,150,000 |
| 2021 | $461,256 | $44,500,000 | $12,000,000 | $32,500,000 |
| 2020 | $187,257 | $17,928,918 | $9,666,852 | $8,262,066 |
| 2019 | $182,978 | $17,577,371 | $9,477,306 | $8,100,065 |
| 2018 | $179,422 | $17,232,718 | $9,291,477 | $7,941,241 |
| 2017 | $176,304 | $16,894,823 | $9,109,292 | $7,785,531 |
| 2016 | $170,996 | $16,563,553 | $8,930,679 | $7,632,874 |
| 2015 | $168,598 | $16,314,754 | $8,796,532 | $7,518,222 |
| 2014 | -- | $15,995,172 | $8,624,221 | $7,370,951 |
Source: Public Records
Agents Affiliated with this Home
-
Robert Riskin
-
Kurt Rappaport
Seller Co-Listing Agent in 2025
Kurt Rappaport
Westside Estate Agency Inc.
(310) 247-7770
1 in this area
100 Total Sales
-
Tyrone McKillen
Buyer Co-Listing Agent in 2025
Tyrone McKillen
Plus Real Estate
(949) 212-8721
6 in this area
57 Total Sales
Source: The MLS
MLS Number: 25559279
APN: 011-140-024
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© 2025 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.
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