NEW PRICE: Positioned in one of Santa Barbara's most coveted enclaves, 111 E. Pedregosa offers a rare opportunity to secure a true legacy property in the heart of the Upper East, an iconic neighborhood celebrated for its historic architecture, tree-lined streets, proximity to Santa Barbara's best shops and dining, and enduring prestige. Opportunities here are few and far between; ownership is often measured in generations, not years. Set on two parcels totaling .40-acre, this classic 1915 Craftsman has been lovingly held by the same family for decades. Rich in character and architectural integrity, the residence presents a compelling canvas for its next chapter whether thoughtfully restored, reimagined, or simply enjoyed as-is. The home offers a gracious and... ...versatile floor plan. A welcoming foyer introduces a series of beautifully scaled rooms, including a large living room with fireplace, a formal dining room ideal for gatherings, and a library/office with custom built-ins that speaks to the home's timeless pedigree. The eat-in kitchen features a center island, walk-in pantry, and stainless appliances including Sub-Zero, Dacor and KitchenAid, while a generous laundry room adds everyday functionality. The main residence includes four bedrooms upstairs, and four baths, with an additional den that may serve as a fifth bedroom, guest space, or media room. Period details, generous proportions, and abundant natural light are found throughout. Outdoors, the grounds offer privacy, scale, and the rare luxury of space in this premier neighborhood inviting possibilities for gardens, entertaining, or future enhancements. A detached two-car garage and an attached, studio cottage provide additional flexibility. Located just moments from downtown Santa Barbara, the Mission, and the cultural and culinary offerings that define the Upper East, this is a singular opportunity to invest in location, legacy, and lifestyle. A true Upper East classic, ready to be cherished for generations to come