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Off market
  • $38,215,500

    690 Picacho Ln, Santa Barbara, CA 93108

    8beds
    10baths
    12,896sqft
    SingleFamily
    Built in 2001
    8.98 Acres Lot
    $38,215,500 Zestimate®
    $2,963/sqft
    $9,038 Estimated rent

    Home value

    $38,215,500

    $30.57M - $47.39M

    $9,038/mo

    Zestimate® history
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    $9,038/mo

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    Rent Zestimate®

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    $238,863/mo

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    $238,863/mo

    Est. payment

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    What's special

    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.

    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: 8
    • Bathrooms: 10
    Features
    • Has fireplace: Yes
    Interior area
    • Total interior livable area: 12,896 sqft

    Property

    Lot
    • Size: 8.98 Acres
    Details
    • Parcel number: 011140034

    Construction

    Type & style
    • Home type: SingleFamily
    Condition
    • Year built: 2001

    Community & neighborhood

    Location
    • Region: Santa Barbara

    Price history

    DateEventPrice
    6/2/2015Sold$21,500,000-20.4%$1,667/sqft
    Source: SBMLS #15-811 Report a problem
    4/30/2014Listing removed$27,000,000$2,094/sqft
    Source: Village Properties #12-1781 Report a problem
    2/12/2013Price change$27,000,000-20.6%$2,094/sqft
    Source: Village Properties #12-1781 Report a problem
    6/2/2012Listed for sale$34,000,000+30257.1%$2,636/sqft
    Source: Village Properties #12-1781 Report a problem
    11/24/1998Sold$112,000$9/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$269,044 +1.9%$25,839,780 +2%
    2024$264,094 +1.9%$25,333,120 +2%
    2023$259,182 +1.6%$24,836,392 +2%
    2022$255,130 +2.1%$24,349,404 +2%
    2021$249,765 +1%$23,871,968 +1%
    2020$247,299 +2.7%$23,627,190 +2%
    2019$240,772 +2%$23,163,912 +2%
    2018$236,084 +1.8%$22,709,720 +2%
    2017$232,007 +3.1%$22,264,432 +2%
    2016$225,029 +22.3%$21,827,876 +22.6%
    2015$184,025 +1.6%$17,810,388 +2%
    2014$181,058 $17,461,508 +2.5%
    2012-- $17,041,758 +2%
    2011-- $16,707,607 +0.8%
    2010-- $16,582,740 -0.2%
    2009-- $16,622,136 +2%
    2008-- $16,296,213 +2%
    2007-- $15,976,680 +2%
    2006-- $15,663,413 +2%
    2005-- $15,356,289 +3.9%
    2003-- $14,779,258 +29%
    2002-- $11,455,469 +2%
    2001-- $11,230,852 +65.8%
    2000-- $6,774,365

    Find assessor info on the county website

    Neighborhood: 93108

    Nearby schools

    GreatSchools rating
    Sell for more on Zillow
    Get a Zillow Showcase℠ listing at no additional cost and you could sell for .
    $38,215,500
    2% more
    +$764K
    With Zillow Showcase(estimated)
    $39.0M