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  • Price cut: $279K (7/28)
    $3,100,000

    878 Paseo Ferrelo, Santa Barbara, CA 93103

    2beds
    1,348sqft
    : 
    $20,440/mo
    Get pre-qualified
    Single Family Residence
    Built in 1925
    5,662 Square Feet Lot
    $2,985,100 Zestimate®
    $2,300/sqft
    $-- HOA

    What's special

    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.
    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#: 26-2169MLS Logo

      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

        DateEventPrice
        7/28/2026Price change$3,100,000-8.3%$2,300/sqft
        Source: SBMLS #26-2169 Report a problem
        7/1/2026Listed for sale$3,379,000+103.6%$2,507/sqft
        Source: CLAW #26853309 Report a problem
        4/20/2018Sold$1,660,000-2.1%$1,231/sqft
        Source: SBMLS #18-837 Report a problem
        3/30/2018Listed for sale$1,695,000$1,257/sqft
        Source: Village Properties - 1 #18-837 Report a problem
        3/18/2018Pending sale$1,695,000$1,257/sqft
        Source: Village Properties - 1 #18-837 Report a problem
        3/9/2018Listed for sale$1,695,000+35.6%$1,257/sqft
        Source: Village Properties - 1 #18-837 Report a problem
        1/8/2015Sold$1,250,000-10.7%$927/sqft
        Source: SBMLS #14-3242 Report a problem
        10/16/2014Listed for sale$1,399,000+19.6%$1,038/sqft
        Source: Village Properties #14-3242 Report a problem
        5/14/2010Sold$1,170,000-11%$868/sqft
        Source: Public Record Report a problem
        7/20/2007Sold$1,315,000$976/sqft
        Source: Agent Provided Report a problem

        Public tax history

        YearProperty taxesTax 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

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: Lower Riviera

        Getting around

        53 / 100
        Somewhat Walkable
        34 / 100
        Some Transit
        34 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating
        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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