$37,500,000
$5M PRICE DROP

465 Hot Springs Rd Montecito, CA 93108

Estimated payment $209,913/month

Total Views 24,082
9 Beds
14 Baths
13,560 Sq Ft
$2,765 Price per Sq Ft

Highlights

  • Accessory Dwelling Unit (ADU)
  • Home Theater
  • Property is near an ocean
  • Santa Barbara Senior High School Rated A-
  • Pool House
  • Estate

About This Home

Unparalleled luxury coupled w artful & timeless design are brought to life at Montecito's meticulously reimagined Monte Arroyo Estate. A testament to rebirth & reinvention, this residence seamlessly blends old-world details w modern sophistication. Exclusivity & refinement await, complete w 9bd, 14 ba, expansive landscaping, a GH, wellness pavilion, pickleball court, & luxurious theater. Inside, you'll be captivated by thoughtful living spaces & lavish amenities, punctuated by elegance & flair. Outside, experience a botanical wonderland of serenity in the artfully curated gardens, sparkling pool & spa. Whether entertaining in style or unwinding in tranquility, this extraordinary residence is a private escape in the heart of Montecito. Embark on your legacy at Monte Arroyo Estate.

Listing Agent

Nancy Kogevinas

Berkshire Hathaway HomeServices California Properties License #01209514

Berkshire Hathaway HomeServices California Properties

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $12,133

Year Built

  • Built in 1910

Lot Details

  • 3.86 Acre Lot
  • Gated Home
  • Fruit Trees
  • Lawn
  • Property is in excellent condition
  • Property is zoned E-1

Parking

  • Attached Garage

Home Design

  • Estate
  • Mediterranean Architecture
  • Tile Roof
  • Metal Roof
  • Stucco

Interior Spaces

  • 13,560 Sq Ft Home
  • 2-Story Property
  • Wet Bar
  • Sound System
  • Cathedral Ceiling
  • Gas Fireplace
  • Family Room with Fireplace
  • Great Room
  • Living Room with Fireplace
  • Dining Room with Fireplace
  • Formal Dining Room
  • Home Theater
  • Library
  • Mountain Views
  • Basement

Kitchen

  • Updated Kitchen
  • Breakfast Area or Nook
  • Gas Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 9 Bedrooms
  • Primary Bedroom on Main
  • Fireplace in Primary Bedroom
  • Remodeled Bathroom
  • Maid or Guest Quarters

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

  • Home Security System
  • Fire Sprinkler System

Pool

  • Pool House
  • Spa
  • Outdoor Pool

Outdoor Features

  • Property is near an ocean
  • Patio
  • Built-In Barbecue

Additional Homes

  • Accessory Dwelling Unit (ADU)
  • Number of ADU Units: 1
  • ADU built in 2024
  • ADU includes 1 Bedroom and 1 Bathroom
  • Kitchen Sink
  • Range Cooktop
  • Refrigerator
  • Stove

Location

  • Property is near schools
  • Property is near shops

Schools

  • Mont Union Elementary School
  • S.B. Jr. Middle School
  • S.B. Sr. High School

Utilities

  • Forced Air Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 009-040-019
  • Seller Considering Concessions

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Amenities

  • Restaurant

Home Details

Home Type

Single Family

Est. Annual Taxes

$12,133

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Directions: Exit 101 at Hot Springs and continue onto Hot Springs Road. Turn left at 465 Hot Springs Road.
  • Prop. Type: Residential
  • Year Built: 1910
  • Reso Property Sub Type: Home/Estate
  • ResoLaundryFeatures: Laundry Room
  • ResoSecurityFeatures: Gate:Elec, Security System, Fire Sprinkler System
  • Architectural Style: Medit, Estate
  • Reso Flooring: Hardwood, Tile
  • Garage Yn: Yes
  • Unit Levels: Two
  • New Construction: No
  • Reso Property Condition: Excellent
  • Property Information Year Built2: 1910
  • Property Information Total #Units: 3
  • Property Information Apx # Acres: 3.86
  • NeighborhoodSchools Elementary School: Mont Union
  • NeighborhoodSchools Junior High School: S.B. Jr.
  • NeighborhoodSchools High School: S.B. Sr.
  • View Mountain(s)2: Yes
  • Property Information ADU: Yes
  • Property Information Within City Limits: No
  • Condition Excellent: Yes
  • Exterior:Stucco: Yes
  • ParkingGarage Attached: Yes
  • GroundsLandscaping Pool: Yes
  • GroundsLandscaping Patio Open2: Yes
  • GroundsLandscaping Lawn2: Yes
  • GroundsLandscaping Fruit Trees2: Yes
  • View Setting2: Yes
  • Proximity Near Ocean2: Yes
  • Proximity Near School(s)2: Yes
  • Rooms Family Room4: Yes
  • Rooms Ground Floor Primary: Yes
  • Laundry Laundry Room2: Yes
  • Amenities Remodeled Bath2: Yes
  • Amenities Remodeled Kitchen2: Yes
  • Appliances Included Dishwasher3: Yes
  • Appliances Included Disposal3: Yes
  • Appliances Included Dryer3: Yes
  • Appliances Included Gas Range2: Yes
  • Appliances Included Microwave3: Yes
  • Appliances Included Washer3: Yes
  • Fireplace(s) LR: Yes
  • Security Security System: Yes
  • Security GateElec: Yes
  • Security Fire Sprinkler System: Yes
  • FlrWdw Coverings Hardwood2: Yes
  • FlrWdw Coverings Tile3: Yes
  • Cooling Central Air: Yes
  • Property Information Main House SqFt: 13560.0
  • Property Information ADU Count: 1
  • Style Estate2: Yes
  • Construction Two Story2: Yes
  • ParkingGarage Gar #33: Yes
  • GroundsLandscaping Built-in BBQ: Yes
  • Other Buildings ADU (Accessory Dwelling Unit): Yes
  • Proximity Near Shopping2: Yes
  • Proximity Restaurants: Yes
  • Dining Breakfast Area2: Yes
  • Dining Formal2: Yes
  • Amenities Guest House2: Yes
  • Amenities Guest Quarters2: Yes
  • Amenities Sound System: Yes
  • Amenities Wet Bar2: Yes
  • Fireplace(s) Dining Room2: Yes
  • Fireplace(s) Family Room3: Yes
  • Fireplace(s) Gas8: Yes
  • Fireplace(s) Primary Bedroom: Yes
  • GroundsLandscaping Spa - Outside: Yes
  • Roof:Tile2: Yes
  • ADU #1 Type2: ADU
  • ADU #1 Attached2: No
  • Style Medit2: Yes
  • Rooms LbryStudy: Yes
  • Rooms Theatre2: Yes
  • ADU #1 Year Built5: 2024
  • ADU #1 Beds: 1
  • ADU #1 Baths2: 1
  • ADU1 Kitchen Features Stove: Yes
  • ADU1 Kitchen Features Range: Yes
  • ADU1 Kitchen Features Refrigerator2: Yes
  • ADU1 Kitchen Features Sink: Yes
  • GroundsLandscaping Pool House2: Yes
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Refrigerator, Gas Range, Dishwasher, Disposal, Dryer, Microwave, Washer
  • Full Bathrooms: 10
  • Half Bathrooms: 4
  • Total Bedrooms: 9
  • Fireplace Features: Living Room, Primary Bedroom, Family Room, Dining Room, Gas
  • ResoLivingAreaSource: Other
  • Other Rooms:Great Room: Yes
  • Bedrooms Basement: Yes
  • Other Rooms:Media Room: Yes

Exterior Features

  • Roof: Tile, Metal
  • View: Mountain(s), Setting
  • Construction Type: Stucco
  • Acres: 3.86
  • Exterior Features: Pool, Pool House, Patio Open, SPA-Outside, Lawn, Fruit Trees
  • Foundation Details: Mixed
  • ConstructionSiding:Roof Metal: Yes

Garage/Parking

  • Attached Garage: Yes
  • Parking Features: Gar #3, Attached

Utilities

  • Cooling: Central Air
  • Heating: Forced Air
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Water Source: Mont Wtr
  • Heating:Forced Air: Yes

Condo/Co-op/Association

  • Association: No

Association/Amenities

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

Schools

  • Elementary School: Mont Union
  • High School: S.B. Sr.
  • Middle Or Junior School: S.B. Jr.

Lot Info

  • Parcel #: 009-040-019
  • Zoning: E-1
  • Lot Size Sq Ft: 168141.6
  • 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

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
2024 $12,133 $951,966 $920,754 $31,212
2023 $94,017 $8,825,000 $5,000,000 $3,825,000
2022 $16,181 $1,321,261 $217,692 $1,103,569
2021 $15,885 $1,295,355 $213,424 $1,081,931
2020 $15,752 $1,282,074 $211,236 $1,070,838
2019 $14,591 $1,256,937 $207,095 $1,049,842
2018 $14,335 $1,232,292 $203,035 $1,029,257
2017 $14,016 $1,208,130 $199,054 $1,009,076
2016 $13,585 $1,184,442 $195,151 $989,291
2014 $13,032 $1,143,799 $188,455 $955,344
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/23/2025 01/23/25 Price Changed $37,500,000 -10.7% $2,765 / Sq Ft
08/20/2024 08/20/24 For Sale $42,000,000 -- $3,097 / Sq Ft
Source: Santa Barbara Multiple Listing Service

Deed History

Date Type Sale Price Title Company
Grant Deed $1,690,000 Chicago Title Company
Grant Deed $2,400,000 Chicago Title Company
Quit Claim Deed -- Chicago Title
Quit Claim Deed -- Chicago Title
Grant Deed -- None Listed On Document
Grant Deed $440,000 First American Title
Grant Deed $110,000 Equity Title Company
Grant Deed -- Equity Title Company
Quit Claim Deed $125,000 Santa Barbara Title
Grant Deed $98,500 First American Title
Grant Deed $83,000 Equity Title Company
Grant Deed -- First American Title
Grant Deed -- Santa Barbara Title Company
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $2,138,450 New Conventional
Closed $315,000 New Conventional
Previous Owner $2,500,000 New Conventional
Previous Owner $4,900,000 New Conventional
Previous Owner $1,361,200 New Conventional
Previous Owner $8,625,000 Construction
Previous Owner $4,500,000 Credit Line Revolving
Previous Owner $9,999,999 Negative Amortization
Previous Owner $4,500,000 Credit Line Revolving
Previous Owner $6,000,000 New Conventional
Previous Owner $1,000,000 Credit Line Revolving
Previous Owner $4,500,000 Unknown
Previous Owner $70,000 No Value Available
Source: Public Records

Similar Home in the area

  • 465 Hot Springs Rd, Santa Barbara, CA 93108

    $37,500,000

    • 9 Beds
    • 14 Baths
    • 15,355 Sq Ft
    • 465 Hot Springs Rd
    • Santa Barbara, CA

    Unparalleled luxury coupled w artful & timeless design are brought to life at Montecito's meticulously reimagined Monte Arroyo Estate. A testament to rebirth & reinvention, this residence seamlessly blends old-world details w modern sophistication. Exclusivity & refinement await, complete w 9bd, 14 ba, expansive landscaping, a GH, wellness pavilion, pickleball court, & luxurious theater. Inside,

    Nancy Kogevinas Berkshire Hathaway HomeServices California Properties

    Section Image
See All Homes in Montecito

Source: Santa Barbara Multiple Listing Service

MLS Number: 24-2743

Santa Barbara Multiple Listing Service

APN: 009-040-007

California Santa Barbara County Montecito 93108

465 Hot Springs Rd, Montecito, CA

Homes for Sale in Montecito, CA

This home is located at 465 Hot Springs Rd, Montecito, CA 93108 and is currently priced at $37,500,000, approximately $2,765 per square foot. This property was built in 1910. 465 Hot Springs Rd is a home located in Santa Barbara County with nearby schools including Santa Barbara Junior High School, Santa Barbara Senior High School, and Adelante Charter School.

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Nancy Kogevinas
Listing Agent
Nancy Kogevinas
Section Image
Berkshire Hathaway HomeServices California Properties
(805) 398-6532