Unparalleled luxury coupled w artful & timeless design are brought to life at Montecito's meticulously reimagined Monte Arroyo Estate. A testament to rebirth & reinvention, this residence seamlessly blends old-world details w modern sophistication. Exclusivity & refinement await, complete w 9bd, 14 ba, expansive landscaping, a GH, wellness pavilion, pickleball court, & luxurious theater. Inside, you'll be captivated by thoughtful living spaces & lavish amenities, punctuated by elegance & flair. Outside, experience a botanical wonderland of serenity in the artfully curated gardens, sparkling pool & spa. Whether entertaining in style or unwinding in tranquility, this extraordinary residence is a private escape in the heart of Montecito. Embark on your legacy at Monte Arroyo Estate.
Closed
$32,000,000
465 Hot Springs Rd, Santa Barbara, CA 93108
9beds
15,355sqft
Single Family Residence
Built in 1910
3.86 Acres Lot
$32,649,100 Zestimate®
$2,084/sqft
$34,384 Estimated rent
Home value
$32,649,100
$29.38M - $36.24M
$34,384/mo
Zestimate® history
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Zillow last checked:
Listing updated:
Listed by:
Nancy L Kogevinas 01209514 805-331-7577,
Berkshire Hathaway HomeServices California Properties
Bought with:
Nancy L Kogevinas, 01209514
Berkshire Hathaway HomeServices California Properties
Source: SBMLS,MLS#: 24-2743
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 9
- Bathrooms: 14
- Full bathrooms: 10
- 1/2 bathrooms: 4
Heating
- Forced Air
Cooling
- Central Air
Appliances
- Included: Refrigerator, Gas Range, Dishwasher, Disposal, Dryer, Microwave, Washer
- Laundry: Laundry Room
Features
- Cathedral Ceiling(s)
- Flooring: Hardwood, Tile
- Has fireplace: Yes
- Fireplace features: Living Room, Primary Bedroom, Family Room, Dining Room, Gas
Interior area
- Total structure area: 15,355
- Total interior livable area: 15,355 sqft
Property
Parking
- Parking features: Attached
- Has attached garage: Yes
Features
- Levels: Two
- Patio & porch: Patio
- Exterior features: Lawn, Fruit Trees
- Has private pool: Yes
- Pool features: Outdoor Pool
- Has spa: Yes
- Spa features: SPA-Outside
- Has view: Yes
- View description: Mountain(s), Setting
Lot
- Size: 3.86 Acres
Details
- Additional structures: Pool House, Other, ADU (Accessory Dwelling Unit)
- Parcel number: 009040019
- Zoning: E-1
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Mediterranean,Estate
- Property subtype: Single Family Residence
Materials
- Stucco
- Foundation: Mixed
- Roof: Tile,Metal
Condition
- Excellent
- Year built: 1910
Utilities & green energy
- Water: Mont Wtr
Community & HOA
Location
- Region: Santa Barbara
Financial & listing details
- Price per square foot: $2,084/sqft
- Tax assessed value: $1,723,800
- Annual tax amount: $17,896
- Date on market: 8/20/2024
- Cumulative days on market: 262 days
- Listing terms: Conventional,Cash
Price history
| Date | Event | Price |
|---|---|---|
| 10/3/2025 | Sold | $32,000,000-14.7%$2,084/sqft |
Source:  SBMLS #24-2743 Report a problem | ||
| 8/18/2025 | Pending sale | $37,500,000$2,442/sqft |
Source:  CLAW #24-429919 Report a problem | ||
| 5/8/2025 | Contingent | $37,500,000$2,442/sqft |
Source: CLAW #24-429919 Report a problem | ||
| 5/8/2025 | Pending sale | $37,500,000$2,442/sqft |
Source: SBMLS #24-2743 Report a problem | ||
| 1/23/2025 | Price change | $37,500,000-10.7%$2,442/sqft |
Source: SBMLS #24-2743 Report a problem | ||
| 11/24/2024 | Listing removed | $180,000$12/sqft |
Source: Zillow Rentals Report a problem | ||
| 8/20/2024 | Listed for sale | $42,000,000-19.2%$2,735/sqft |
Source: SBMLS #24-2743 Report a problem | ||
| 8/1/2024 | Listing removed | -- |
Source: CLAW #24-412416 Report a problem | ||
| 6/7/2024 | Price change | $52,000,000+303.1%$3,387/sqft |
Source: SBMLS #24-1885 Report a problem | ||
| 2/20/2024 | Listed for rent | $180,000$12/sqft |
Source: Zillow Rentals Report a problem | ||
| 10/27/2022 | Pending sale | $12,900,000$840/sqft |
Source: SBMLS #22-660 Report a problem | ||
| 8/16/2022 | Price change | $12,900,000-11%$840/sqft |
Source: SBMLS #22-660 Report a problem | ||
| 6/2/2022 | Price change | $14,500,000-9.3%$944/sqft |
Source: SBMLS #22-660 Report a problem | ||
| 3/4/2022 | Listed for sale | $15,995,000+3535.2%$1,042/sqft |
Source: SBMLS #22-660 Report a problem | ||
| 2/7/2000 | Sold | $440,000+252%$29/sqft |
Source: Public Record Report a problem | ||
| 3/16/1995 | Sold | $125,000+26.9%$8/sqft |
Source: Public Record Report a problem | ||
| 11/22/1994 | Sold | $98,500$6/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $17,896 +47.5% | $1,723,800 +81.1% |
| 2024 | $12,133 -87.1% | $951,966 -89.2% |
| 2023 | $94,017 +481% | $8,825,000 +567.9% |
| 2022 | $16,181 +1.9% | $1,321,261 +2% |
| 2021 | $15,885 +0.8% | $1,295,355 +1% |
| 2020 | $15,752 +8% | $1,282,074 +2% |
| 2019 | $14,591 +1.8% | $1,256,937 +2% |
| 2018 | $14,335 +2.3% | $1,232,292 +2% |
| 2017 | $14,016 +3.2% | $1,208,130 +2% |
| 2016 | $13,585 +4.2% | $1,184,442 +1.5% |
| 2015 | $13,032 | $1,166,651 +2% |
| 2014 | $13,032 | $1,143,799 +2.5% |
| 2012 | -- | $1,116,306 +2% |
| 2011 | -- | $1,094,419 +0.8% |
| 2010 | -- | $1,086,241 -0.2% |
| 2009 | -- | $1,088,823 +2% |
| 2008 | -- | $1,067,475 +2% |
| 2007 | -- | $1,046,545 +2% |
| 2006 | -- | $1,026,025 +2% |
| 2005 | -- | $1,005,908 +3.9% |
| 2003 | -- | $968,112 +2% |
| 2002 | -- | $949,131 +2% |
| 2001 | -- | $930,521 +2% |
| 2000 | -- | $912,276 |
Find assessor info on the county website
Neighborhood: 93108
Nearby homes
- $2,400,0001 Acres465B Hot Springs Rd, Santa Barbara, CA 93108Sold
- $9,395,8005 bd5 ba4.2k sqft485 Hot Springs Rd, Santa Barbara, CA 93108Off Market
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- $1,690,0001 Acres465A Hot Springs Rd, Santa Barbara, CA 93108Sold
Nearby schools
GreatSchools rating
- 10/10Montecito Union SchoolGrades: K-6Distance: 0.6 mi
- NASanta Barbara Unified Early ChildhoodGrades: Distance: 2.2 mi
Schools provided by the listing agent
- Elementary: Mont Union
- Middle: S.B. Jr.
- High: S.B. Sr.
Source: SBMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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- California
- Santa Barbara County
- Montecito
- 93108
- 465 Hot Springs Rd
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