$37,500,000
$5M PRICE DROP

465 Hot Springs Rd Santa Barbara, CA 93108

Estimated payment $209,913/month

Total Views 23,190
9 Beds
14 Baths
15,355 Sq Ft
$2,442 Price per Sq Ft

Highlights

  • Detached Guest House
  • Tennis Courts
  • Sauna
  • Santa Barbara Senior High School Rated A-
  • Pool House
  • Gourmet Kitchen

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 | Remodeled

Lot Details

  • 3.97 Acre Lot
  • Gated Home
  • Landscaped
  • Sprinkler System
  • Historic Home
  • Property is zoned 2-E-1

Property Views

  • Pond
  • Mountain

Home Design

  • Mediterranean Architecture
  • Turnkey
  • Plaster Walls
  • Metal Roof
  • Stucco

Interior Spaces

  • 15,355 Sq Ft Home
  • 3-Story Property
  • Furnished
  • Dual Staircase
  • Bar
  • Cathedral Ceiling
  • Gas Fireplace
  • French Doors
  • Entryway
  • Family Room with Fireplace
  • Great Room with Fireplace
  • Living Room
  • Dining Room with Fireplace
  • Formal Dining Room
  • Den
  • Library with Fireplace
  • Recreation Room
  • Sauna
  • Home Gym
  • Basement
  • Sump Pump

Kitchen

  • Gourmet Kitchen
  • Breakfast Area or Nook
  • Oven
  • Range
  • Microwave
  • Freezer
  • Dishwasher
  • Kitchen Island
  • Disposal

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 9 Bedrooms
  • Walk-In Closet
  • Remodeled Bathroom
  • Powder Room
  • Double Vanity
  • Double Shower
  • Steam Shower

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

  • Alarm System
  • Security Lights
  • Fire Sprinkler System

Parking

  • Driveway
  • Automatic Gate

Pool

  • Pool House
  • Heated In Ground Pool
  • Heated Spa
  • In Ground Spa

Outdoor Features

  • Tennis Courts
  • Balcony
  • Covered patio or porch
  • Built-In Barbecue

Additional Homes

  • Detached Guest House

Utilities

  • Forced Air Heating and Cooling System
  • Property is located within a water district

Community Details

  • No Home Owners Association
  • Service Entrance

Listing and Financial Details

  • Assessor Parcel Number 009-040-007

Home Details

Home Type

Single Family

Est. Annual Taxes

$12,133

Year Built

Built in 1910 | Remodeled

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Style: Mediterranean
  • Levels: Three Or More
  • Street Number Display: Yes
  • Living Area: 15355
  • Lot Acreage: 3.9700
  • Property Condition: Updated/Remodeled
  • Stories: 3
  • Year Built: 1910
  • Number Of Photos: 41
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Interior Amenities: 2 Staircases, Basement, Cathedral-Vaulted Ceilings, High Ceilings (9 Feet+), Hot Tub, Plaster Walls, Sump Pump, Turnkey
  • Fireplace Rooms: Dining, Gas, Family Room, Primary Bedroom, Library, Great Room
  • Flooring: Wood, Tile
  • Appliances: Range, Oven, Microwave, Built-In BBQ
  • Bedrooms: 9
  • Full Bathroom: 10
  • Half Bathroom: 4
  • Bedroom Features: Ground Floor Primary, Primary Suite, WalkInCloset
  • Common Walls: Detached/No Common Walls
  • One Quarter Bathrooms: 0
  • Bathroom Features: Double Shower, Double Vanity(s), Powder Room, Remodeled, Steam Shower
  • Three Quarter Bathrooms: 0
  • Dining Room: 1
  • Family Room: 1
  • Eating Areas: Breakfast Area, Formal Dining Rm, Kitchen Island
  • Kitchen Features: Gourmet Kitchen, Island, Remodeled
  • Laundry: Laundry Area
  • Total Bathrooms: 14.00
  • Den: 1
  • Equipment: Alarm System, Dishwasher, Dryer, Freezer, Garbage Disposal, Microwave, Range/Oven, Refrigerator, Washer
  • Price Per S Q F T: 2442.20

Exterior Features

  • Construction: Stucco
  • Other Features: High Ceilings (9 Feet+), French Doors, Historical, Service Entrance
  • Other Structures: GuestHouse, Pool House
  • Tennis Court Y/N: Yes
  • Guest House: Detached
  • Patio: Balcony
  • Pool Description: In Ground, Heated
  • Pool: Yes
  • Roof: Metal, Tile
  • Spa: In Ground, Heated
  • Spa Yn: Yes
  • View: Pond, Mountains
  • View: Yes

Garage/Parking

  • Parking Garage: Garage - 3 Car, Garage Is Attached, Driveway, Gated

Utilities

  • Cooling: Central
  • Heating: Forced Air
  • Security: Exterior Security Lights, Fire Sprinklers, Gated, Prewired for alarm system
  • Water: Water District

Condo/Co-op/Association

  • HOA: No

Lot Info

  • Sprinklers: Sprinkler System
  • Assessor Parcel Number: 009-040-007
  • Lot Description: Automatic Gate, Landscaped, Exterior Security Lights
  • Lot Size Area: 172933

Rental Info

  • Furnished: Furnished

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% $2,442 / Sq Ft
08/20/2024 08/20/24 For Sale $42,000,000 +265.2% $2,735 / Sq Ft
11/04/2022 11/04/22 Sold $11,500,000 -10.9% $771 / Sq Ft
09/02/2022 09/02/22 Pending -- -- --
08/16/2022 08/16/22 Price Changed $12,900,000 -11.0% $865 / Sq Ft
06/02/2022 06/02/22 Price Changed $14,500,000 -9.3% $973 / Sq Ft
03/22/2022 03/22/22 For Sale $15,995,000 -- $1,073 / Sq Ft
Source: The MLS

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

Source: The MLS

MLS Number: 24-429919

The MLS

APN: 009-040-007