Now offered at an exceptional new price! Among the enduring works of renowned Santa Barbara architect Alex D'Alfonso, 878 Paseo Ferrelo stands as a beautifully preserved 1929 home that continues to reflect his timeless architectural vision. Set on one of the Lower Riviera's most desirable lanes, the home honors its original character while embracing the comforts of modern living. Enchanting wooden gates open to a whimsical secret garden, where a stone fountain, stately king palm, and mature plantings create a stunning arrival.
Inside, sweeping ocean and island views, natural light, and D'Alfonso's signature windows and doors blur the line between indoors and out. Two beautifully appointed bedrooms and baths offer comfort and privacy. A custom kitchen, featuring a Bosch range and Sub-Zero refrigerator blends craftsmanship with everyday function.
Newly installed central HVAC, Rinnai tankless water heater, copper gutters and downspouts, and the earthquake engineered foundation reflect the homeowners' thoughtful stewardship. A heated and cooled detached additional room with decorative Walker Zanger tile offers exceptional flexibility as a home office, art studio, or fitness area.
This remarkable home reflects the kind of residence - we can only imagine - its architect envisioned--crafted with care, lovingly maintained, and filled with the kind of charm that simply cannot be manufactured. Complete maintenance records are available upon request.
Active
Price cut: $279K (7/28)
$3,100,000
878 Paseo Ferrelo, Santa Barbara, CA 93103
2beds
1,348sqft
Single Family Residence
Built in 1925
5,662 Square Feet Lot
$2,985,100 Zestimate®
$2,300/sqft
$-- HOA
What's special
- 64 days
- 2,814
- 148
Likely to sell faster than
Zillow last checked:
Listing updated:
Listed by:
Lisa Foley 01995513 805-252-2271,
Berkshire Hathaway HomeServices California Properties
Source: SBMLS,MLS#: 26-2169
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Forced Air, Radiant Floor
Cooling
- Central Air
Appliances
- Included: Refrigerator, Built-In Gas Range, Tankless Water Heater, Dishwasher, Disposal, Dryer, Washer
- Laundry: Laundry Room
Features
- Flooring: Hardwood, Tile
- Windows: Blinds
- Has fireplace: Yes
- Fireplace features: Living Room, Patio
Interior area
- Total structure area: 1,348
- Total interior livable area: 1,348 sqft
Property
Parking
- Parking features: Garage, Epoxy Finished Floor, Storage
Features
- Levels: Single Story
- Patio & porch: Patio, Terrace
- Exterior features: Fruit Trees, Yard Irrigation T/O
- Fencing: Full
- Has view: Yes
- View description: Islands, Ocean, City, Harbor, Panoramic
- Has water view: Yes
- Water view: Islands,Ocean,Harbor
Lot
- Size: 5,662 Square Feet
- Features: Near Public Transit
Details
- Parcel number: 029272001
- Zoning: R-1
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Stucco
- Foundation: Raised
- Roof: Tile
Condition
- Excellent
- Year built: 1925
Community & HOA
Community
- Subdivision: 15 - Riviera/Lower
Location
- Region: Santa Barbara
Financial & listing details
- Price per square foot: $2,300/sqft
- Tax assessed value: $1,948,878
- Date on market: 7/1/2026
- Cumulative days on market: 65 days
- Listing terms: Conventional,Cash
Estimated market value
$2,985,100
$2.84M - $3.13M
$6,685/mo
Price history
| Date | Event | Price |
|---|---|---|
| 7/28/2026 | Price change | $3,100,000-8.3%$2,300/sqft |
Source: | ||
| 7/1/2026 | Listed for sale | $3,379,000+103.6%$2,507/sqft |
Source: | ||
| 4/20/2018 | Sold | $1,660,000-2.1%$1,231/sqft |
Source: | ||
| 3/30/2018 | Listed for sale | $1,695,000$1,257/sqft |
Source: Village Properties - 1 #18-837 Report a problem | ||
| 3/18/2018 | Pending sale | $1,695,000$1,257/sqft |
Source: Village Properties - 1 #18-837 Report a problem | ||
| 3/9/2018 | Listed for sale | $1,695,000+35.6%$1,257/sqft |
Source: Village Properties - 1 #18-837 Report a problem | ||
| 1/8/2015 | Sold | $1,250,000-10.7%$927/sqft |
Source: | ||
| 10/16/2014 | Listed for sale | $1,399,000+19.6%$1,038/sqft |
Source: Village Properties #14-3242 Report a problem | ||
| 5/14/2010 | Sold | $1,170,000-11%$868/sqft |
Source: Public Record Report a problem | ||
| 7/20/2007 | Sold | $1,315,000$976/sqft |
Source: Agent Provided Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2026 | -- | $1,948,878 +2% |
| 2025 | $20,216 +1.8% | $1,910,666 +2% |
| 2024 | $19,867 +1.9% | $1,873,203 +2% |
| 2023 | $19,503 +1.8% | $1,836,475 +2% |
| 2022 | $19,165 +2.4% | $1,800,466 +2% |
| 2021 | $18,723 +1% | $1,765,163 +1% |
| 2020 | $18,529 +2.9% | $1,747,064 +3.2% |
| 2019 | $18,011 +27.6% | $1,693,200 +28.2% |
| 2018 | $14,119 +3.4% | $1,320,330 +2% |
| 2017 | $13,651 +2.3% | $1,294,443 +2% |
| 2016 | $13,342 +1.7% | $1,269,062 +1% |
| 2015 | $13,119 | $1,256,611 +2% |
| 2014 | $13,119 | $1,231,997 +2.5% |
| 2012 | -- | $1,202,384 +2% |
| 2011 | -- | $1,178,809 +7.2% |
| 2010 | -- | $1,099,800 -6% |
| 2009 | -- | $1,170,000 -11% |
| 2008 | -- | $1,315,000 +191.1% |
| 2007 | -- | $451,683 +2% |
| 2006 | -- | $442,828 +2% |
| 2005 | -- | $434,146 +3.9% |
| 2003 | -- | $417,835 +2% |
| 2002 | -- | $409,643 +2% |
| 2001 | -- | $401,611 +2% |
| 2000 | -- | $393,737 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: Lower Riviera
Nearby schools
Schools provided by the listing agent
- Elementary: Franklin
- 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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