1445 School House Road, MONTECITO, CA 93108, MONTECITO, 93108 - 4 bed, 4 bath
ACTIVE$6,995,000$2,103/sqft
1445 School House Road, MONTECITO, CA 93108
4Beds
4Baths
2,103Sqft
84,070.797Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 84070, living area = 2103.
Top Cons:
Dated Existing Structures: Built in 1947 and on the market for the first time in 50 years, the current home likely requires extensive renovation or complete replacement to meet modern luxury standards.
Compared to the nearby listings
Price:$7.00M vs avg $6.00M (+$995,000)63%
Size:2,103 sqft vs avg 2,795 sqft33%
Price/sqft:$3.3K vs avg $1.4K94%
More Insights
Built in 1947 (79 years old).
Condition: Built in 1947 and on the market for the first time in 50 years, the property shows significant age with no major renovations in over five decades. The kitchen features dated butcher block countertops, a brick backsplash, and a mix of older and newer appliances. The bathrooms are severely outdated with small square tile countertops and showers, reflecting a style from many decades ago. The listing description itself emphasizes the 'rebuild/replace' potential, indicating the value is primarily in the land and its development opportunities rather than the existing structures. While the house may be technically livable, it requires extensive renovation or complete replacement to meet modern standards, aligning with the 'tear-down' criteria where the property's value is based solely on the land and its potential for redevelopment.
Year Built
1947
Close
-
List price
$7M
Original List price
-
Price/Sqft
$3,326
HOA
$0
Days on market
-
Sold On
-
MLS number
25-4118
Home ConditionTear down
Features
Good View:
Deck
Pool
Spa
Patio
View-
About this home
First time on time on the market in 50 years. Discover this rare, secluded ±1.93-acre estate on Schoolhouse Rd in the heart of Montecito, framed by mature oaks, a seasonal stream, mountain views, and a pool. Existing ±2,103-sqf 3BD/2.5BA main home plus 400-sqf legacy guest house studio over a detached 2-car garage. Per recent land-use review: rebuild/replace with a primary residence up to ~5,864 sf (+~800 sqf attached garage); add one ADU up to ~1,200 sqf; and up to ~1,445 sqf of detached accessory buildings (e.g. artist studio, cabana, pool cabana). The unusual combo of a legal non-conforming guest house + a future ADU may be possible (buyer to verify with County/MBAR). This legacy parcel is ready for its next chapter. Your Dream Montecito Estate Awaits!
H
Hutch Axilrod
Listing Agent
Condition Rating
Tear down
Built in 1947 and on the market for the first time in 50 years, the property shows significant age with no major renovations in over five decades. The kitchen features dated butcher block countertops, a brick backsplash, and a mix of older and newer appliances. The bathrooms are severely outdated with small square tile countertops and showers, reflecting a style from many decades ago. The listing description itself emphasizes the 'rebuild/replace' potential, indicating the value is primarily in the land and its development opportunities rather than the existing structures. While the house may be technically livable, it requires extensive renovation or complete replacement to meet modern standards, aligning with the 'tear-down' criteria where the property's value is based solely on the land and its potential for redevelopment.
Pros & Cons
Pros
High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 84070, living area = 2103.
Premier Montecito Location: Situated on Schoolhouse Road in the heart of Montecito, this rare and secluded estate offers an exclusive and highly sought-after address.
Exceptional Development Potential: Approved land-use review allows for a substantial primary residence up to ~5,864 sqft, an ADU up to ~1,200 sqft, and additional accessory buildings, providing significant customization opportunities.
Expansive & Secluded Acreage: A generous ±1.93-acre private estate framed by mature oaks, a seasonal stream, and mountain views, ensuring unparalleled privacy and natural beauty.
Existing Guest Accommodations: Includes a 400 sqft legacy guest house studio over a detached garage, offering immediate flexibility for guests, staff, or potential rental income.
Natural Amenities & Lifestyle: The property features a pool, mountain views, and a serene natural setting, enhancing the luxury lifestyle appeal inherent to Montecito.
Cons
Dated Existing Structures: Built in 1947 and on the market for the first time in 50 years, the current home likely requires extensive renovation or complete replacement to meet modern luxury standards.
Significant Capital Investment Required: The high list price combined with the necessity for substantial development or renovation implies a considerable additional financial commitment for the buyer beyond the purchase price.
ADU/Guest House Verification: The potential for a legal non-conforming guest house plus a future ADU requires buyer verification with County/MBAR, introducing an element of uncertainty and potential administrative hurdles.