$65,000,000
SOLD NOV 14, 2024
5 Beds
11 Baths
10,902 Sq Ft
12.07 Acres

Recently Sold

$5,962 Per Sq Ft

13% Below List Price

184 Days on Market

Highlights

  • Ocean Front
  • Home Theater
  • Estate
  • Gated with Attendant
  • Outdoor Pool
  • 12.07 Acre Lot

About This Home

As of November 2024

Located on the prestigious bluff-front of Padaro Lane and set on 12.07 acres spread out over three separate parcels,The Sanctuary on Loon Point offers an idyllic blend of privacy, ultra-luxury construction, and the natural beauty of the California coast. This exceptional offering is a masterpiece of architectural design, showcasing unparalleled quality and attention to detail throughout the residence and grounds. Lush landscapes are aided by a shared private water source. Enjoy direct access to Loon Point beach, 24/7 guarded security, and a unique opportunity to develop the two remaining parcels to create the ultimate beach-front legacy retreat to be enjoyed and celebrated for generations to come.

Last Agent to Sell the Property

Robert Riskin

Village Properties License #01815307 / 01447045 / 01954177 / 01951069

Last Buyer's Agent

Dusty Baker

Sotheby's International Realty License #01908615 / 02004391

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $345,673

Year Built

  • Built in 2018

Lot Details

  • 12.07 Acre Lot
  • Ocean Front
  • Gated Home
  • Level Lot
  • Irrigation
  • Fruit Trees
  • Lawn
  • Property is in excellent condition
  • Property is zoned Other, E-1

Parking

  • Detached Garage

Property Views

  • Ocean
  • Beach
  • Island
  • Coastline
  • Harbor
  • Panoramic
  • Mountain

Home Design

  • Estate
  • Slab Foundation
  • Tile Roof

Interior Spaces

  • 10,902 Sq Ft Home
  • 1-Story Property
  • Sound System
  • Cathedral Ceiling
  • Multiple Fireplaces
  • Gas Fireplace
  • Drapes & Rods
  • Formal Dining Room
  • Home Theater
  • Library
  • Home Gym
  • Breakfast Area or Nook
  • Video Cameras
  • Laundry Room

Flooring

  • Wood
  • Carpet
  • Radiant Floor
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms

Outdoor Features

  • Outdoor Pool
  • Property is near an ocean
  • Deck
  • Covered patio or porch
  • Fireplace in Patio

Schools

  • Summerland Elementary School
  • Carp. Jr. Middle School
  • Carp. Sr. High School

Utilities

  • Forced Air Heating and Cooling System
  • Power Generator
  • Well
  • Sewer Stub Out

Additional Features

  • Accessible Elevator Installed
  • Property is near shops

Listing and Financial Details

  • Assessor Parcel Number 005-260-021
  • Seller Concessions Offered
  • Seller Will Consider Concessions

Community Details

Overview

  • No Home Owners Association
  • 05 Padaro Subdivision

Additional Features

  • Restaurant
  • Gated with Attendant

Home Details

Home Type

Single Family

Est. Annual Taxes

$345,673

Year Built

Built in 2018

Lot Details

0

Listing Details

  • Directions: Via Real to Padaro Lane.
  • Prop. Type: Residential
  • Year Built: 2018
  • ResoWindowFeatures: Drapes
  • Reso Property Sub Type: Home/Estate
  • Road Frontage Type: Oceanfront
  • ResoLaundryFeatures: Laundry Room
  • ResoLotFeatures: Level, Rolling Slope, Waterfront, Oceanfront
  • ResoSecurityFeatures: Gate:Elec, Gate:Guard, Security Camera
  • Reso Association Amenities: Other, Security
  • Subdivision Name: 05 - Padaro
  • Reso Accessibility Features: Accessible Elevator Installed
  • Architectural Style: Estate
  • Reso Flooring: Carpet, Hardwood, Tile
  • Garage Yn: Yes
  • Unit Levels: Single Story
  • New Construction: No
  • Reso Property Condition: Excellent
  • Property Information Year Built2: 2018
  • Property Information Total #Units: 1
  • Property Information Apx # Acres: 12.07
  • NeighborhoodSchools Elementary School: Summerland
  • NeighborhoodSchools Junior High School: Carp. Jr.
  • NeighborhoodSchools High School: Carp. Sr.
  • View Mountain(s)2: Yes
  • View Panoramic2: Yes
  • LocationTopo Level: Yes
  • LocationTopo Rolly2: Yes
  • Property Information ADU: No
  • Property Information Within City Limits: No
  • Condition Excellent: Yes
  • Construction Single Story2: Yes
  • Foundation:Slab: Yes
  • GroundsLandscaping Pool: Yes
  • GroundsLandscaping Yard Irrigation TO: Yes
  • GroundsLandscaping Patio Open2: Yes
  • GroundsLandscaping Lawn2: Yes
  • GroundsLandscaping Fruit Trees2: Yes
  • View Setting2: Yes
  • Proximity Near Ocean2: Yes
  • Laundry Laundry Room2: Yes
  • Security GateElec: Yes
  • WaterSewer Sewer Hookup: Yes
  • FlrWdw Coverings Hardwood2: Yes
  • FlrWdw Coverings Tile3: Yes
  • FlrWdw Coverings Drapes: Yes
  • Cooling Central Air: Yes
  • Property Information Main House SqFt: 10902.0
  • Style Estate2: Yes
  • ParkingGarage Gar #33: Yes
  • Proximity Near Shopping2: Yes
  • Proximity Restaurants: Yes
  • Rooms Exercise Room2: Yes
  • Dining Breakfast Area2: Yes
  • Dining Formal2: Yes
  • Amenities Sound System: Yes
  • Fireplace(s) Gas8: Yes
  • Security Security Camera2: Yes
  • WaterSewer Pvt Well In: Yes
  • FlrWdw Coverings Carpet: Yes
  • Roof:Tile2: Yes
  • GroundsLandscaping Deck3: Yes
  • ViewOcean: Yes
  • View Coastline: Yes
  • View Islands: Yes
  • ParkingGarage Detached: Yes
  • View Beach2: Yes
  • GroundsLandscaping Patio Covered2: Yes
  • View Harbor2: Yes
  • View Other27: Yes
  • LocationTopo Oceanfront2: Yes
  • Rooms LbryStudy: Yes
  • Rooms Theatre2: Yes
  • Amenities Elevator4: Yes
  • Amenities GasElectricDiesel Generator: Yes
  • Fireplace(s) Patio3: Yes
  • Security GateGuard: Yes
  • Handicapped Access Elevator3: Yes
  • AssocPark Amenities Security: Yes
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Full Bathrooms: 7
  • Half Bathrooms: 4
  • Total Bedrooms: 5
  • Fireplace Features: Other, 2+, Gas, Patio

Exterior Features

  • Roof: Tile
  • View: Other, Beach, Mountain(s), Islands, Coastline, Ocean, Setting, Harbor, Panoramic
  • Acres: 12.07
  • Topography: Rolly, Level
  • Waterfront Features: Ocean Front
  • Waterfront: Yes
  • Exterior Features: Other, Pool, Deck, Patio Open, Patio Covered, Lawn, Fruit Trees, Yard Irrigation T/O
  • Foundation Details: Slab

Garage/Parking

  • Attached Garage: No
  • Parking Features: Gar #3, Detached

Utilities

  • Cooling: Central Air
  • Heating: Forced Air, Radiant Floor
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Water Source: Private, Mont Wtr
  • Heating:Forced Air: Yes
  • Heating:Radiant Floor: Yes

Condo/Co-op/Association

  • Association: No

Association/Amenities

  • Unit 1 Amenities:Cathedral Ceiling(s)2: Yes

Schools

  • Elementary School: Summerland
  • High School: Carp. Sr.
  • Middle Or Junior School: Carp. Jr.

Lot Info

  • Parcel #: 005-260-021
  • Zoning: Other, E-1
  • Lot Size Sq Ft: 525769.2
  • ResoLotSizeUnits: Acres
  • ResoLotSizeUnits: Acres

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/14/2024 11/14/24 Sold $65,000,000 -13.3% $5,962 / Sq Ft
10/31/2024 10/31/24 Pending -- -- --
04/29/2024 04/29/24 For Sale $75,000,000 -- $6,879 / Sq Ft
Source: Santa Barbara Multiple Listing Service

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2023 $345,673 $32,241,552 $20,604,262 $11,637,290
2022 $334,176 $31,609,365 $20,200,257 $11,409,108
2021 $280,128 $26,511,000 $15,797,000 $10,714,000
2020 $266,835 $25,249,000 $15,045,000 $10,204,000
2019 $254,712 $24,149,000 $15,045,000 $9,104,000
2018 $240,931 $22,750,000 $14,750,000 $8,000,000
2017 $195,883 $18,500,000 $14,000,000 $4,500,000
2016 $163,466 $15,400,000 $13,200,000 $2,200,000
2014 $143,049 $14,000,000 $12,000,000 $2,000,000
Source: Public Records

Deed History

Date Type Sale Price Title Company
Grant Deed $30,000,000 Chicago Title
Grant Deed $30,000,000 Chicago Title
Correction Deed -- None Available
Correction Deed -- None Available
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- None Available
Quit Claim Deed -- None Available
Quit Claim Deed -- None Available
Grant Deed -- First American Title Company
Grant Deed -- First American Title Company
Quit Claim Deed -- --
Quit Claim Deed -- --
Source: Public Records

Source: Santa Barbara Multiple Listing Service

MLS Number: 24-1335

Santa Barbara Multiple Listing Service

APN: 005-260-012