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Off market
  • $15,812,200

    121 Olive Mill Ln, Santa Barbara, CA 93108

    5beds
    5,124sqft
    MultiFamily
    Built in 1949
    -- sqft lot
    $15,812,200 Zestimate®
    $3,086/sqft
    $6,017 Estimated rent

    Home value

    $15,812,200

    $13.12M - $19.13M

    $6,017/mo

    Zestimate® history
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    Rent Zestimate®

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    $99,015/mo

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    $99,015/mo

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    What's special

    This sprawling Spanish hacienda-style estate rests serenely behind gates near the end of a private lane and offers an extensive list of luxury amenities. The estate represents the essence of Montecito's coveted indoor-outdoor lifestyle. The open floorplan, high ceilings, archways and abundance of windows and glass doors contribute to a refreshing ambiance of refinement, spaciousness and light. The main residence includes a stunning master suite, three guest suites, study, office, living and great rooms, media room and chef's kitchen w/ butlers pantry. In addition, the estate includes a guest house, auxiliary structure and tennis cabana. The grounds are ideal for entertaining, complete w/ pool, spa, tennis court, expansive terrace and gorgeous mountain views. Moments from the Lower Village.

    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: 5
    • Bathrooms: 7
    • Full bathrooms: 6
    • 1/2 bathrooms: 1
    Heating
    • None, Other
    Cooling
    • Central
    Appliances
    • Laundry: Room
    Features
    • Flooring: Tile
    • Has fireplace: Yes
    Interior area
    • Total interior livable area: 5,124 sqft

    Property

    Parking
    • Total spaces: 2
    Features
    • Exterior features: Stucco
    • Has view: Yes
    • View description: Mountain
    Lot
    • Size: 1.38 Acres
    Details
    • Parcel number: 009170029

    Construction

    Type & style
    • Home type: MultiFamily
    Materials
    • Roof: Tile
    Condition
    • Year built: 1949

    Community & HOA

    Location
    • Region: Santa Barbara

    Financial & listing details

    • Price per square foot: $3,086/sqft
    • Tax assessed value: $11,636,145
    • Annual tax amount: $121,601

    Price history

    DateEventPrice
    8/4/2020Sold$10,750,000+7.6%$2,098/sqft
    Source: SBMLS #19-3345 Report a problem
    3/18/2020Listing removed$9,995,000$1,951/sqft
    Source: Berkshire Hathaway #19-3345 Report a problem
    1/24/2020Price change$9,995,000-7%$1,951/sqft
    Source: Berkshire Hathaway #19-3345 Report a problem
    9/24/2019Listed for sale$10,750,000+41.4%$2,098/sqft
    Source: Berkshire Hathaway #19-3345 Report a problem
    1/5/2018Listing removed$30,000$6/sqft
    Source: Sotheby's International Realty - Montecito - Upper Village Road Brokerage #RN-13915 Report a problem
    10/21/2017Listed for rent$30,000$6/sqft
    Source: Sotheby's International Realty - Montecito - Upper Village Road Brokerage #RN-13915 Report a problem
    6/17/2014Sold$7,600,000-4.4%$1,483/sqft
    Source: SBMLS #14-1227 Report a problem
    4/28/2014Pending sale$7,950,000$1,552/sqft
    Source: Berkshire Hathaway HomeService #14-1236 Report a problem
    4/22/2014Listed for sale$7,950,000+6%$1,552/sqft
    Source: Village Properties #14-1227 Report a problem
    8/24/2012Sold$7,500,000+809.1%$1,464/sqft
    Source: Public Record Report a problem
    4/12/1994Sold$825,000-13.8%$161/sqft
    Source: Public Record Report a problem
    12/30/1993Sold$956,748$187/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$121,601 +1.9%$11,636,145 +2%
    2024$119,372 +1.9%$11,407,986 +2%
    2023$117,160 +1.8%$11,184,300 +2%
    2022$115,138 +2.1%$10,965,000 +2%
    2021$112,721 +24%$10,750,000 +24.4%
    2020$90,931 +2.3%$8,641,574 +2%
    2019$88,908 +2%$8,472,132 +2%
    2018$87,193 +3.3%$8,306,012 +3.5%
    2017$84,441 +3.1%$8,027,464 +2%
    2016$81,891 +3.9%$7,870,063 +1.5%
    2015$78,815 $7,751,848 +2.8%
    2014$78,815 $7,540,550 +26.6%
    2012-- $5,957,456 +2%
    2011-- $5,840,644 +0.8%
    2010-- $5,796,994 -0.2%
    2009-- $5,810,767 +2%
    2008-- $5,696,831 +2%
    2007-- $5,585,129 +10.4%
    2006-- $5,058,951 +2%
    2005-- $4,959,757 +32.3%
    2003-- $3,748,500 +207.3%
    2002-- $1,219,699 +2%
    2001-- $1,195,785 +6.9%
    2000-- $1,118,340
    Find assessor info on the county website

    Neighborhood: 93108

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • Elementary: Mont Union
    • Middle: S.B. Jr.
    • High: S.B. Sr.

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

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    $15,812,200
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    +$316K
    With Zillow Showcase(estimated)
    $16.1M