165 Olive Mill Ln, Santa Barbara, CA 93108

4 beds4.5 baths5,431 sqft

For Sale
$4,995,000
Zestimate®: $5,078,127
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My Notes

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Climbing vines and lush foliage accent a serene, central courtyard, providing access to the main house and two guest suites. The gated estate, on approximately 1 private acre, is designed with the ideal layout for multiple guests. Contemporary style and sophistication are superbly met with comfort and ease in this chic lower village residence. Offering beautiful ocean and mountain vistas, the location is ideal - fantastically close to Montecito's shops and restaurants while peacefully tucked down a private drive off Olive Mill Lane. Sun drenches the tastefully designed and updated living spaces, each opening to lush lawns, gardens and entertaining spaces. A deluxe dine-in kitchen, spacious dining room warmed by a fireplace, and large living room with wet bar make this home perfect for both intimate family gatherings and grand-scale entertaining. French doors open from the dining room, encouraging outdoor living on the extensive terrace featuring a fire pit and al fresco kitchen. The Pebble Tek pool and infinity spa overlook breathtaking ocean vistas to the Southeast and the Santa Ynez mountains to the North. In the main house, richly colored walls line the sensational master suite, with a sitting area or office and elegant bathroom. A second bedroom suite opens to a large, private patio and secondary lap pool, creating the perfect retreat for family or guests. Perched for ocean views, a second level loft-style office opens to a private rooftop deck. A detached one-bedroom suite with a fireplace and full bathroom has direct access to the main pool area, and attaches to a generous laundry room. A second, detached affords privacy yet proximity to the main house. Beautifully appointed, the one-bedroom suite includes a kitchenette, full bathroom and private patio. This Montecito compound affords plentiful space for both family and guests.  More Less 

Facts

  • Lot: 1.07 acres
  • Single Family
  • Built in 1967
  • 796 days on Zillow
  • Price/sqft: $920
  • MLS #: 12-3316

Construction

  • Unit count: 1

Other

  • Floor size: 5,431 sqft
  • Last remodel year: 2000
  • Parcel #: 009170081
  • Zillow Home ID: 15879650

Zestimate Details

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$5,078,127
+$84,662 Last 30 days
$4.62M
$5.54M
Zestimate range
Rent Zestimate A Rent Zestimate is Zillow's estimated monthly rental price, computed using a proprietary formula. It is a starting point in determining the monthly rental price for a specific property. Learn more

The Rent Range is the high and low estimate for which an apartment or home could rent. The more information we have, the smaller the range, and the more accurate the Rent Zestimate. See data coverage and accuracy table
$11,600/mo
-$2,307 Last 30 days
$8.6K
$23K
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Popularity on Zillow

10,739 views since listing
10,918 all-time (chart)
35 shoppers saved
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Neighborhood

Market guide

Zillow predicts 93108 home values will rise 4.6% next year, compared to a 4.3% rise for Montecito as a whole. Among 93108 homes, this home is 82.6% more expensive than the midpoint (median) home, but is priced 10.4% less per square foot.

Foreclosures will be a factor impacting home values in the next several years. In 93108, the number of foreclosures waiting to be sold is 29% greater than in Montecito, and 22.9% higher than the national average. This higher local number may prevent 93108 home values from rising as quickly as other regions in Montecito.

Learn more about forecast calculations or 93108 home values.
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    Nearby Schools in Montecito

    GreatSchools ratings give an overview of a school's test results. The ratings are based on a comparison of test results for all schools in the state.

    Disclaimer: School attendance zone boundaries are supplied by Maponics and are subject to change. Check with the applicable school district prior to making a decision based on these boundaries.

    Data by GreatSchools.org