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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: $4,693,935
-2%
FairlyEstimate
115 E Pedregosa Street, Santa Barbara, CA 93101
4Beds
4Baths
2,736Sqft
8,712Lot

Price Vs. Estimate

The estimated value ($4,693,934.93) is $101,065.07 (2%) lower than the list price ($4,795,000). This property may be overpriced.

Key pros and cons

Top Pros:
Exceptional Location: Nestled in Santa Barbara's coveted Upper East, the property offers unparalleled access to the Rose Garden, 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 painstaking, multi-year, high-quality renovations, including new foundation, electrical, plumbing, drywall, and flooring. The gourmet kitchen features high-end, modern appliances, white shaker cabinets, marble countertops, and dark hardwood floors. All bathrooms are extensively updated with contemporary vanities, modern fixtures, luxurious tiling (e.g., herringbone and subway marble-look tiles), and glass-enclosed showers. The entire home presents as a polished, turn-key residence with virtually new components and designer finishes throughout, meeting current quality standards with no deferred maintenance.
Year Built
1913
Close
-
List price
$4.79M
Original List price
-
Price/Sqft
$1,753
HOA
$0
Days on market
-
Sold On
-
MLS number
25580601
Home ConditionExcellent
Features
Good View:
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
Stephen 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 painstaking, multi-year, high-quality renovations, including new foundation, electrical, plumbing, drywall, and flooring. The gourmet kitchen features high-end, modern appliances, white shaker cabinets, marble countertops, and dark hardwood floors. All bathrooms are extensively updated with contemporary vanities, modern fixtures, luxurious tiling (e.g., herringbone and subway marble-look tiles), and glass-enclosed showers. The entire home presents as a polished, turn-key residence with virtually new components and designer finishes throughout, meeting current quality standards with no deferred maintenance.
Pros & Cons

Pros

Exceptional Location: Nestled in Santa Barbara's coveted Upper East, the property offers unparalleled access to the Rose Garden, Santa Barbara Mission, downtown's finest restaurants, boutique shopping, and cultural attractions.
Extensive High-Quality Renovation: The 1913 Craftsman has undergone painstaking multi-year renovations, featuring new systems (foundation, electrical, plumbing, drywall, flooring), custom carpentry, and designer finishes, resulting in a polished, turn-key residence.
ADU & Pool Development Potential: Significant value-add opportunity with fully engineered plans and permit in process for a two-story, 2-bed/2-bath ADU, and a secured pool permit, offering flexibility for extended family, guests, or income.
Historic Charm with Modern Luxury: Masterfully blends historic character with modern functionality, including a gourmet kitchen with high-end appliances and a state-of-the-art see-through elevator, providing a unique living experience.
Potential Property Tax Savings: The property's historical significance may qualify for substantial property tax savings under the Mills Act, offering a tangible financial benefit to the owner.

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.
Additional Investment for Development: While permits are in place, the buyer will incur significant additional costs and project management responsibilities to construct the ADU and pool, as these are not completed.
High Price Point: The substantial list price of $4.795 million positions this as a luxury property, naturally limiting the potential buyer pool to a very specific high-net-worth demographic.
Historic Property Considerations: Despite extensive modern updates, owning a 1913 Craftsman with historical significance (Mills Act eligibility) may involve specific considerations or restrictions regarding future exterior modifications or maintenance.
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