Estimated payment $400,819/month
Total Views
10,464
9
Beds
14
Baths
13,362
Sq Ft
$4,865
Price per Sq Ft
Highlights
- Ocean View
- Detached Guest House
- Wine Cellar
- Santa Barbara Senior High School Rated A-
- Tennis Courts
- Home Theater
About This Home
700 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.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $559,833
Year Built
- Built in 2009
Lot Details
- 3.41 Acre Lot
- Property is zoned 3-E-1
Parking
- 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
- 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
- Forced Air Heating System
- Water Purifier
Community Details
- No Home Owners Association
Listing and Financial Details
- Assessor Parcel Number 011-140-024
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Home Values in the Area
Average Home Value in this Area
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
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/07/2025 07/07/25 | For Sale | $65,000,000 | -- | $4,865 / Sq Ft |
Source: The MLS
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 | $14,000,000 | Adjustable Rate Mortgage/ARM | |
| Previous Owner | $2,000,000 | Credit Line Revolving | |
| Previous Owner | $2,000,000 | Future Advance Clause Open End Mortgage | |
| Previous Owner | $14,000,000 | New Conventional | |
| Previous Owner | $5,025,000 | Construction | |
| Previous Owner | $8,500,000 | Construction | |
| Previous Owner | $1,320,000 | No Value Available |
Source: Public Records
Similar Home in the area
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.
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