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Off market
  • $5,165,200

    101 Mesa Ln Unit 2, Santa Barbara, CA 93109

    10beds
    6,000sqft
    MultiFamily
    Built in 1920
    -- sqft lot
    $5,165,200 Zestimate®
    $861/sqft
    $5,262 Estimated rent

    Home value

    $5,165,200

    $4.39M - $6.25M

    $5,262/mo

    Zestimate® history
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    $5,262/mo

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    Rent Zestimate®

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    $32,228/mo

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    $32,228/mo

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    What's special

    An opportunity to enjoy multiple cottages on the bluff! Step into this gated, oceanfront retreat sprawling over 2.5 acres of Santa Barbara's coveted coastline including over 200 ft of private bluff with unobstructed views to the Channel Islands. Impossible to recreate, and on the market for the first time, these 5 charming, ocean-view cottages are set on one of the single largest oceanfront parcels in Santa Barbara. Steeped in local history and lore, this magical estate was previously owned by the Leadbetter Family. Secluded from the world but still in the heart of Santa Barbara, this tranquil retreat beckons you to relax and take in endless sunsets over the Channel Islands and the Pacific Ocean. The property enjoys easy access to Santa Barbara's most popular amenities including beach access just steps away. This listing represents the potential to purchase into the existing TIC (Tenancy In Common), with many similarities to the typical Planned Unit Development. Enjoy the exclusive right to use the Peace Cottage, Joy Cottage, guest apartment, and music studio, along with shared access to the rest of the grounds, including the entire bluff front. The Peace cottage is one of the two bluff front dwellings on the property and comes with an attached ocean-view studio & 2 lofts. Adjacent is the Joy cottage, a versatile 2-story dwelling originally permitted as a music studio. It offers a 2-bedroom ocean view apartment with auxiliary bonus rooms downstairs. This is a unique opportunity to enjoy oceanfront living with multiple dwellings for guests or family members--rare to find anywhere in Santa Barbara! Two other purchase options exist:1) Purchase a 14% interest with exclusive right to occupy the Bliss Cottage2) Purchase the entire property (100%) to enjoy as-is, subdivide, or develop your dream estate.

    This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 10
    • Bathrooms: 5
    • Full bathrooms: 5
    • 1/2 bathrooms: 1
    Appliances
    • Included: Dryer, Washer
    • Laundry: In-unit, Room, Other
    Features
    • Has fireplace: No
    Interior area
    • Total interior livable area: 6,000 sqft

    Property

    Parking
    • Total spaces: 10
    Features
    • Exterior features: Stone, Wood, Brick
    • Has spa: Yes
    • Has view: Yes
    • View description: Water, Mountain
    • Has water view: Yes
    • Water view: Water
    Lot
    • Size: 2.52 Acres

    Construction

    Type & style
    • Home type: MultiFamily
    Materials
    • Roof: Composition
    Condition
    • Year built: 1920

    Community & HOA

    Location
    • Region: Santa Barbara

    Financial & listing details

    • Price per square foot: $861/sqft

    Price history

    DateEventPrice
    6/25/2021Sold$3,685,000-33.6%$614/sqft
    Source: Agent Provided Report a problem
    10/15/2020Listing removed$5,550,000$925/sqft
    Source: Keller Williams Santa Barbara #19-3906 Report a problem
    8/18/2020Price change$5,550,000+23.5%$925/sqft
    Source: Keller Williams Realty Santa Barbara #19-3906 Report a problem
    3/24/2020Price change$4,495,000-24.8%$749/sqft
    Source: Keller Williams Realty Santa Barbara #19-3906 Report a problem
    3/12/2020Listed for sale$5,979,000$997/sqft
    Source: Keller Williams Realty Santa Barbara #19-3906 Report a problem
    3/6/2020Pending sale$5,979,000$997/sqft
    Source: Keller Williams Realty Santa Barbara #19-3906 Report a problem
    1/22/2020Price change$5,979,000-3.5%$997/sqft
    Source: Keller Williams Realty Santa Barbara #19-3906 Report a problem
    12/19/2019Price change$6,194,715-0.3%$1,032/sqft
    Source: Keller Williams Realty Santa Barbara #19-3906 Report a problem
    12/18/2019Price change$6,213,500-3%$1,036/sqft
    Source: Keller Williams Realty Santa Barbara #19-3906 Report a problem
    11/20/2019Listed for sale$6,407,000$1,068/sqft
    Source: Keller Williams Realty Santa Barbara #19-3906 Report a problem

    Public tax history

    Tax history is unavailable.

    Neighborhood: West Mesa

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • Elementary: Monroe
    • Middle: Lacumbre
    • High: San Marcos

    Source: The MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

    Sell for more on Zillow
    Get a Zillow Showcase℠ listing at no additional cost and you could sell for .
    $5,165,200
    2% more
    +$103K
    With Zillow Showcase(estimated)
    $5,268,504