A rare opportunity to build the dream in the exclusive enclave of Montecito. This small home is in need of updating, but it rests on nearly a half-acre of buildable land, steps to the trendy shops and restaurants of Coast Village and a short distance to Butterfly Beach. The house features 2 bedrooms and 2 full baths. A den/office currently serves as a third bedroom. The expansive property is both wide and deep and has many mature fruit trees. Please do not disturb the occupants. The home will be shown by appointment only.
For sale by owner
$3,100,000
120 Olive Mill Rd, Santa Barbara, CA 93108
2beds
1,496sqft
Est.:
SingleFamily
Built in 1956
0.42 Acres Lot
$-- Zestimate®
$2,072/sqft
$-- HOA
What's special
Many mature fruit trees
What the owner loves about this home
The home is located just steps from the trendy restaurants and shops of Coast Village and is an easy walk to Butterfly Beach. The property it rests on is nearly a half-acre of land with a lot of room to expand.
- 7 hours |
- 323 |
- 14 |
Listed by:
Property Owner (714) 747-8893
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Forced air
Appliances
- Included: Dishwasher, Range / Oven
Features
- Flooring: Carpet, Hardwood, Laminate, Linoleum / Vinyl
- Basement: None
- Has fireplace: Yes
Interior area
- Total interior livable area: 1,496 sqft
Property
Parking
- Parking features: Garage - Attached, Off-street
Lot
- Size: 0.42 Acres
Details
- Parcel number: 009241003
Construction
Type & style
- Home type: SingleFamily
Condition
- New construction: No
- Year built: 1956
Community & HOA
Location
- Region: Santa Barbara
Financial & listing details
- Price per square foot: $2,072/sqft
- Tax assessed value: $142,139
- Annual tax amount: $3,074
- Date on market: 4/17/2026
Estimated market value
Not available
Estimated sales range
Not available
$7,454/mo
Price history
| Date | Event | Price |
|---|---|---|
| 4/17/2026 | Listed for sale | $3,100,000-12.7%$2,072/sqft |
Source: Owner Report a problem | ||
| 2/27/2026 | Listing removed | -- |
Source: Owner Report a problem | ||
| 2/25/2026 | Listed for sale | $3,550,000$2,373/sqft |
Source: Owner Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $3,074 +0.9% | $142,139 +2% |
| 2024 | $3,045 +1% | $139,353 +2% |
| 2023 | $3,016 -0.1% | $136,622 +2% |
| 2022 | $3,020 +1.1% | $133,944 +2% |
| 2021 | $2,987 +5.1% | $131,318 +11.7% |
| 2020 | $2,843 +4.9% | $117,544 +4.5% |
| 2019 | $2,710 +6.4% | $112,495 +16.2% |
| 2018 | $2,548 -6.1% | $96,823 -20.9% |
| 2017 | $2,714 +5.4% | $122,480 +2% |
| 2016 | $2,576 +10.1% | $120,079 +1.5% |
| 2015 | $2,339 | $118,276 +2% |
| 2014 | $2,339 | $115,960 +2.5% |
| 2012 | -- | $113,175 +2% |
| 2011 | -- | $110,957 +0.8% |
| 2010 | -- | $110,129 -0.2% |
| 2009 | -- | $110,391 +2% |
| 2008 | -- | $108,228 +2% |
| 2007 | -- | $106,107 +2% |
| 2006 | -- | $104,028 +2% |
| 2005 | -- | $101,989 +3.9% |
| 2003 | -- | $98,160 +2% |
| 2002 | -- | $96,236 +2% |
| 2001 | -- | $94,350 +2% |
| 2000 | -- | $92,501 |
Find assessor info on the county website
Monthly payment
Est. payment
$18,074/mo
Principal & interest
$15310
Property taxes
$2764
More affordability tools
Climate risks
Neighborhood: 93108
Nearby schools
GreatSchools rating
- 10/10Montecito Union SchoolGrades: K-6Distance: 0.7 mi
- NASanta Barbara Unified Early ChildhoodGrades: Distance: 2.3 mi
A local agent can set up tours, give advice and negotiate with sellers.
A local lender can help you make sure your offer is ready when you are.
- California
- Santa Barbara County
- Montecito
- 93108
- 120 Olive Mill Rd
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