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115 E Pedregosa Street, SANTA BARBARA, CA 93101, SANTA BARBARA, 93101 - 4 bed, 4 bath

115 E Pedregosa Street, SANTA BARBARA, CA 93101 home-pic-0
ACTIVE$4,795,000$2,736/sqft
Est. Value: $4,498,238
-6%
AboveEstimate
115 E Pedregosa Street, SANTA BARBARA, CA 93101
4Beds
4Baths
2,736Sqft
8,712Lot

Price Vs. Estimate

The estimated value ($4,498,238.19) is $296,761.81 (6%) lower than the list price ($4,795,000). This property may be overpriced.

Key pros and cons

Top Pros:
Prime Location: Nestled in Santa Barbara's coveted Upper Eastside, the property offers exceptional proximity to the Santa Barbara Mission, downtown's finest restaurants, boutique shopping, and cultural attractions.
Top Cons:
MLS Listing Discrepancy: Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 3.

Compared to the nearby listings

Price:$4.79M vs avg $1.40M (+$3,395,500)98%
Size:2,736 sqft vs avg 984 sqft95%
Price/sqft:$1.8K vs avg $89393%

More Insights

Built in 1913 (113 years old).
Condition: Despite being built in 1913, this property has undergone extensive, multi-year, high-quality renovations, including new foundation, electrical, plumbing, drywall, and flooring. The gourmet kitchen features high-end, modern stainless steel appliances, white shaker cabinets, a large island with dark gray cabinets, and marble countertops. Bathrooms are fully updated with modern vanities, high-quality tile work (marble subway and herringbone patterns), contemporary fixtures, and recessed lighting. The entire home presents as a polished, turn-key residence with modern finishes, hardwood floors, and recessed lighting throughout, including a state-of-the-art see-through elevator.
Year Built
1913
Close
-
List price
$4.79M
Original List price
-
Price/Sqft
$1,753
HOA
$0
Days on market
-
Sold On
-
MLS number
25-3327
Home ConditionExcellent
Features
Deck
Spa
View-

About this home

Nestled in Santa Barbara's coveted Upper East, this 1913 Craftsman masterfully blends historic character with extensive, high-quality updates. With 4 bedrooms and 3.5 bathrooms, the home offers a thoughtfully designed layout that balances architectural charm with modern-day functionality. Painstaking multi-year renovations have elevated the property while honoring its original soul, featuring new systems including foundation, electrical, plumbing, drywall, and flooring, alongside custom carpentry and designer finishes throughout. (Be sure not to miss the state-of-the-art see-through elevator.) The result is a polished, turn-key residence that feels both contemporary and enduring. The gourmet kitchen is a standout, appointed with high-end appliances and tailored details that make everyday living and entertaining effortless. Large windows and curated landscaping bring a sense of peace and privacy to the indoor/outdoor spaces, creating a tranquil retreat a short stroll from the Rose Garden. Opportunity awaits with fully engineered plans and permit in process for a two-story, 2-bed/2-bath ADU offering flexibility for extended family, guests, or income potential. A pool permit is also secured, inviting the possibility of your own resort-style experience. Substantial savings on property taxes may be available under the Mills Act for this special property with historical significance. Just minutes from the Santa Barbara Mission, downtown's finest restaurants, boutique shopping, and cultural attractions, this home embodies the perfect intersection of classic beauty, thoughtful design, and exceptional location.

S
Steve Epstein
Listing Agent

Price History

Date
Event
Price
11/10/25
Sold
$3,900,000
03/27/24
Sold
$2,850,000
03/09/23
Sold
$3,095,000
Condition Rating
Excellent
Despite being built in 1913, this property has undergone extensive, multi-year, high-quality renovations, including new foundation, electrical, plumbing, drywall, and flooring. The gourmet kitchen features high-end, modern stainless steel appliances, white shaker cabinets, a large island with dark gray cabinets, and marble countertops. Bathrooms are fully updated with modern vanities, high-quality tile work (marble subway and herringbone patterns), contemporary fixtures, and recessed lighting. The entire home presents as a polished, turn-key residence with modern finishes, hardwood floors, and recessed lighting throughout, including a state-of-the-art see-through elevator.
Pros & Cons

Pros

Prime Location: Nestled in Santa Barbara's coveted Upper Eastside, the property offers exceptional proximity to the Santa Barbara Mission, downtown's finest restaurants, boutique shopping, and cultural attractions.
Extensive High-Quality Renovations: The home has undergone painstaking multi-year renovations, featuring new foundation, electrical, plumbing, drywall, flooring, custom carpentry, and designer finishes, resulting in a polished, turn-key residence.
Historic Charm with Modern Luxury: This 1913 Craftsman masterfully blends its original soul and historic character with modern-day functionality, including a gourmet kitchen with high-end appliances and a state-of-the-art see-through elevator.
Significant Development Potential: Fully engineered plans and permits are in process for a two-story, 2-bed/2-bath ADU, and a pool permit is secured, offering substantial flexibility for extended family, guests, income potential, and a resort-style experience.
Potential Tax Savings: Substantial savings on property taxes may be available under the Mills Act due to the property's historical significance, providing a long-term financial benefit.

Cons

MLS Listing Discrepancy: Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 3.
Recently Sold Property: The property was recently sold within the past year on 2025-11-10. The sold price is $3,900,000.00.
High List Price: The current list price of $4.795M is notably higher than recent sales history for the property ($2.85M in March 2024, $3.095M in March 2023), which may require a strong justification or limit the buyer pool.
Additional Investment for Development: While permits are secured for an ADU and pool, the actual construction and associated costs for these projects represent a significant additional investment for the buyer beyond the purchase price.
Specific Architectural Style: As a 1913 Craftsman, despite extensive modern updates, the inherent architectural style and traditional layout may not appeal to all luxury buyers who prefer more contemporary or open-concept designs.
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