565 Picacho Ln, Santa Barbara, CA 93108

6 beds, 6 baths, 3,092 sqft
Sold: $4,631,500
Sold on 08/20/13
Zestimate®: $4,784,514
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Located on Picacho Lane—arguably Montecito’s most sought after address—this enchanting country home sits on two acres, amidst sprawling lawns and flourishing gardens, and at the foot of the stunning Santa Ynez Mountain Range. Olive and palm trees line the inviting stone entryway. Its winsome façade leads into a home abounding with large windows and French doors, so that each room enjoys ample sunlight and access to the exceptional outdoor spaces.In the formal living and dining room, floor-to-ceiling, sliding French doors open onto the outdoor entertaining patio and exceptional lily pond. A fireplace warms the open space, and Sea Grass covered floors add a touch of warmth and understated luxury to the airy room. The kitchen, bathed in natural sunlight, offers custom cabinetry, oak floors, Carrera countertops, and top of the line appliances. Off the kitchen, the family room and spacious breakfast room provides a delightful living area that opens to the picturesque patio and vegetable garden.The master bedroom, resplendent and cozy, offers French doors opening onto its own private patio, shaded by a canopy of oak trees and overlooking the expansive property’s orchard and vegetable garden. The master bathroom boasts a soaking tub that also enjoys garden views, and an oversized walk-in shower with dual shower heads. An additional bedroom and an office (or fourth bedroom) lay adjacent to the master suite, both remarkably peaceful, cheerful, and bright with garden views. On the opposite end of the home, a guest suite enjoys ample privacy and its own entrance. A two-bedroom, two-bathroom guesthouse has its own gated driveway and garage. This charming cottage presents a spacious living room, eat-in kitchen, pitched ceilings and beautiful garden views.The grounds wrap around the entire property, enveloping the main house and guest cottage with breathtaking gardens. Aside from the boundless potential the open land offers, the property flaunts a poetic rose garden, a stately pond, an extensive vegetable garden, and numerous additional outdoor living areas. Jasmine lines the pathways, while olive and magnolia trees abound, offering plentiful shade.With such fine amenities, a most prestigious location, and striking surroundings, this home stands largely unparalleled among Montecito’s most sought-after properties.  MoreLess
 
Facts
  • Lot: 2 acres
  • Single Family
  • Built in 1937
  • Last sold: Aug 2013 for $4,631,500
  • Price/sqft: $1,498
Features
  • Fireplace
    Construction
    • Unit count: 1
    Other
    • Floor size: 3,092 sqft
    • Last remodel year: 1947
    • Parcel #: 011180021
    • Zillow Home ID: 15880868
    Home Values
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    $4,784,514
    +$352,108 Last 30 daysd
    $4.16M
    $5.22M
    Zestimate range
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    $12,142/mo
    -$785 Last 30 daysd
    $8.6K
    $24K
    Zestimate range
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    Neighborhood for 565 Picacho Lane

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    Zillow predicts 93108 home values will rise 6.4% next year, compared to a 5.9% rise for Montecito as a whole. Among 93108 homes, this home is valued 84.5% more than the midpoint (median) home, and is valued 58.6% more 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 26.5% lower than in Montecito, and 35.1% lower than the national average. This lower local number could help 93108 home values rise more quickly than other regions in Montecito.

    Learn more about forecast calculations or 93108 home values.
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      Contact a local agent

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