565 Picacho Ln, Santa Barbara, CA 93108

6 beds6 baths3,092 sqft Edit

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Sold: $4,631,500
Sold on 08/20/13
Zestimate®: $4,415,547
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My Notes

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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.  More Less 

Facts

  • Lot: 2 acres
  • Single Family
  • Built in 1937
  • Views: 6,699 all time views
  • Last sold: Aug 2013 for $4,631,500
  • Last sale 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

      Zestimate Details

      Zestimate
      A Zestimate home valuation is Zillow's estimated market value. It is not an appraisal. Use it as a starting point to determine a home's value. Learn more

      The Value Range is the high and low estimate market value for which Zillow values a home. The more information, the smaller the range, and the more accurate the Zestimate. See data coverage and accuracy table

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      $4,415,547
      +$122,663 Last 30 days
      $4.02M
      $4.72M
      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
      $17,000/mo
      -$2,700 Last 30 days
      $9.5K
      $25K
      Zestimate range

      Improve This Home's Value

      The right home project can make a significant impact to your home value! Compare average project costs in your area with estimated increases to your home value.

      The return values below are estimates based on the region, home facts, and past sales data. Your situation may vary based on current finish level of the room, changing style trends, depreciation, and how much of the project budget is invested in structural changes vs. functional/cosmetic improvements.

      Upscale Major Kitchen Remodel

      • Upscale Major Kitchen Remodel

      • + 127.5K VALUE
      • Project cost: $123,087
      • See kitchen ideas

      Upscale Bathroom Remodel

      Mid-Range Major Kitchen Remodel

      • Mid-Range Major Kitchen Remodel

      • + 59.3K VALUE
      • Project cost: $62,441
      • See kitchen ideas

      Popularity on Zillow

      If this home is listed on Zillow, it will reach the largest real estate network on the web.*
      6,699 all-time views
      of this home (chart)
      332 forecasted views of this home
      in the first 7 days after listing for sale

      Comparable Homes

      Homes like this sold for $3.25-7.67M.

      $2.86M
      $8.06M

      Mortgages

      Neighborhood: 93108

      Zillow predicts 93108 home values will rise 5.3% next year, compared to a 4.7% increase for Montecito as a whole. Among 93108 homes, this home is valued 71.6% more than the midpoint (median) home, and is valued 58.7% 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 17.9% lower than in Montecito, and 69.5% less than the national average. This lower local number could help 93108 home values rise more quickly than other regions in Montecito.
        read more Less 

      Nearby

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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