690 Picacho Ln, Santa Barbara, CA 93108

8 beds10 baths12,896 sqft Edit

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Off Market
Zestimate®: $12,335,128
Rent Zestimate®: $18,358/mo
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My Notes

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Elegant Provincial Living just steps from Montecito's Upper VillageSerenely resting on nine acres of lushly landscaped grounds sits one of Montecito's most charming and elegant estates. The one-of-a-kind property sits just off the beautiful, prestigious Picacho Lane in the heart of Montecito's Golden Quadrangle. Classic iron gates open onto a bucolic tree lined driveway, arriving at the formal entrance to this enchanting, slate-roofed manor house, designed by Don Nulty.The house is richly adorned in limestone, antique wood and custom iron work, all on display in the gracious foyer. Upon entering the residence, ocean vistas beam through the French doors lining the living room. To the left, a sweeping iron staircase ascends to three second-floor guest suites (also accessible by elevator). A sprawling galleria clad in groin-vaulted ceilings and stone arches accesses all public spaces on the first floor, where comfort and sophistication abound. The airy and elegant formal living and dining rooms effortlessly open onto the kitchen. Bright and open, the kitchen offers an eat-in dining area, a rustic aesthetic, and outstanding appliances.The spectacular conservatory boasts floor-to-ceiling iron and glass doors and windows, an intimate dining area, a fireplace, and picturesque views of the formal rose garden and Santa Ynez mountain range. These rooms, along with the master suite, share an entertaining terrace that overlooks the lawn, gardens, tranquil lake and sweeping ocean views beyond. The master suite epitomizes the understated grace of the home, replete with a fireplace and ocean views. A long hall leads to two large walk-in closets, and his and hers bathrooms?both sunny, elegantly appointed, and with the finest amenities.The first floor also offers an antique, wood paneled library or home office with a fireplace and ocean views. Nearby sits a cozy den with another fireplace. An opulent media room presents stadium seating, while a bedroom suite located off of the kitchen wing makes for ideal staff quarters.The upper floor presents three gracious bedroom suites and an inviting living room, all looking out over the sea. Two additional rooms offer ideal spaces for a gym, massage room, or an office.An elegant and cozy two-bedroom apartment with a living room, kitchen, private bathroom, and access to the estate grounds provides a perfect space for guests, teens, or staff.An exceptional one-bedroom guesthouse with a large living room, an enchanting bedroom, a full kitchen, a bathroom and a laundry room enjoys its own terraces, gardens and parking area.A four-car garage attached to the main house and a detached three-car garage fulfills any car collector's dream. Meanwhile, the grounds host a state-of-the-art greenhouse that could also serve fabulously as a gym or art studio. Park-like grounds boast a vast lawn that gently rolls downhill to a peaceful lake with breathtaking views. A walking path weaves past the pool, cabana and tennis court (with a trellis-covered viewing pavilion), through the redwood grove, arriving at a gate to the Upper Village. This offers the best of two sought-after worlds?a peaceful, seemingly secluded country estate with direct access to the quaint shops and fine restaurants of Montecito.Meandering pathways, olives and orchards, raised vegetable gardens, a formal rose garden, arbors adorned in lemons, and ocean and mountain views that seemingly envelop the property create a uniquely magical and breathtaking place.  More Less 

Facts

  • Lot: 9 acres
  • Single Family
  • Built in 2001
  • Views: 31,179 all time views

    Construction

    • Unit count: 1

    Other

    • Floor size: 12,896 sqft
    • Last remodel year: 2001
    • Parcel #: 011140034
    • Zillow Home ID: 15880770

    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

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    $12,335,128
    -$1,162,297 Last 30 days
    $10.5M
    $14.7M
    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
    $18,358/mo
    -$784 Last 30 days
    $13K
    $23K
    Zestimate range

    Popularity on Zillow

    31,179 all-time views
    of this home (chart)

    Comparable Homes

    Homes like this sold for $10.5-20.0M.

    $9.24M
    $21.26M

    Mortgages

    Neighborhood

    Market guide

    Zillow predicts 93108 home values will increase 5.3% next year, compared to a 4.7% rise for Montecito as a whole. Among 93108 homes, this home is valued 379.4% more than the midpoint (median) home, and is valued 1.4% 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.

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

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