857 Picacho Lane, SANTA BARBARA, CA 93108, SANTA BARBARA, 93108 - 7 bed, 6 bath
857 Picacho Lane
SANTA BARBARA, CA 93108
Property Price
SUMMARY
Analysis of 857 Picacho Lane, SANTA BARBARA, CA 93108 is currently available with a list price of $21,900,000. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. Located in a high-demand neighborhood within the SANTA BARBARA Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
OVERALL CONDITION SCORE
Property is new construction or fully renovated.
This 2010-built estate has undergone a comprehensive recent renovation, featuring modern sophistication and high-end finishes throughout. The property includes updated systems, an elevator, and pristine interior and exterior components that meet the highest current quality standards with no signs of deferred maintenance.
PROSSTRENGTHS & OPPORTUNITIES
- 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 = 88862, living area = 8352.
- Prestigious Location
Situated on the highly coveted Picacho Lane, this estate offers one of the most exclusive and sought-after addresses in Santa Barbara's luxury market.
- Versatile Multi-Structure Compound
The property features a main residence, a guest house, and a creative cabin, providing exceptional flexibility for hosting guests, multi-generational living, or dedicated professional workspaces.
CONSRISKS & DEFICIENCIES
- Recently Sold Property
The property was recently sold within the past year on 2025-06-02. The sold price is $16,800,000.00.
- Aggressive Price Appreciation
With a significant price jump from its last sale in 2025, the current listing price may face scrutiny regarding market valuation and appraisal consistency.
- High Operational Overhead
Maintaining a multi-structure estate on over two acres requires substantial ongoing costs for landscaping, staffing, and utility management to keep the property in peak condition.
About 857 Picacho Lane
Nestled along prestigious Picacho Lane, this newly renovated estate offers sweeping ocean views and timeless elegance. Set behind a graceful lone private driveway, the home invites you in with a welcoming entry porchperfect for morning coffee or evening fireside moments. Inside, a thoughtfully curated design balances modern sophistication with serene comfort, flowing effortlessly through richly appointed living areas. Ideal for every stage of life, the flexible layout includes an elevator for added convenience and features a main residence thoughtfully paired with a charming guest house and creative cabin. Whether hosting or retreating, the estate offers boundless possibilities for luxury, inspiration, and ease.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 2010
- Lot Size
- 88,862.398 Sq. Ft.
Interior
- Total Bedrooms
- 7
- Total Bathrooms
- 6 (6 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 7.0 | 4.0 | 94% |
| Baths | 6.0 | 5.0 | 75% |
| Square foot | 8,352 | 3,784 | 93% |
| Lot Size | 88,862.398 | 43,560 | 86% |
| Price | $21.90M | $5.49M | 96% |
| Price per sq ft | $2.6K | $1.6K | 90% |
| Built year | 2010 | 1973 | 94% |
| HOA | $0 | $0 | 50% |
| Days on market | 10 | 237 | 1% |
Pricing History
Listed for Sale
Feb 25, 2026
$21,900,000
Initial Listing
Sold
Jun 2, 2025
$16,800,000
Public Record
Sold
Aug 24, 2021
$9,500,000
Public Record
Sold
Apr 9, 2020
$5,433,000
Public Record