857 Picacho Lane, Santa Barbara, CA 93108, Santa Barbara, 93108 - 7 bed, 6 bath
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Santa Barbara, CA 93108
This Luxury Estate represents a Strong Value Opportunity, listed at $19,900,000—positioned well below the $21,553,333 Fair Market Value by 7%. This valuation gap offers $1,653,333 in Instant Equity for the discerning buyer. Featuring a Mint Condition Rating, the estate includes a private elevator, guest house, and creative cabin set against sweeping ocean views. This turnkey property offers an elite lifestyle in a prestigious enclave, making it an ideal acquisition for High-Net-Worth Individuals or Owner-Occupants seeking privacy and architectural excellence.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 857 Picacho Lane Subject | $19,900,000* List Price | 7 | 6 | 8,352 | $2,577 | - |
A 857 Picacho Lane Active | $21,900,000 List Price | 7 | 6 | 8,352 | $2,622 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Built in 2010 and recently renovated, this estate is in mint condition. The interiors feature modern high-end finishes, updated designer bathrooms, and pristine systems including a newer metal roof and elevator, requiring no maintenance.
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.
Situated on the highly coveted Picacho Lane, this estate offers an elite address known for privacy and exclusivity in the heart of Montecito.
The property features a main residence with an elevator, a separate guest house, and a creative cabin, providing exceptional versatility for multi-generational living or hosting.
With 7 bedrooms but only 6 bathrooms, the estate lacks the typical 1:1 or greater bed-to-bath ratio expected in ultra-luxury properties at this price point.
The listing price has increased significantly from its 2020 sale of $5.4M to nearly $20M, which may lead to appraisal challenges or buyer hesitation regarding current market valuation.
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.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 7.0 | 0.0 |
| Baths | 6.0 | 0.0 |
| Square foot | 8,352 | - |
| Lot Size | 88,862 | - |
| Price | $19.90M | $2.43M |
| Price per sq ft | $2.4K | $1.3K |
| Built year | 2010 | 0 |
| HOA | $0 | $0 |
| Days on market | 42 | 60 |
Jun 10, 2026
$19,900,000
Initial Listing
Jun 2, 2025
$16,800,000
Public Record
Aug 24, 2021
$9,500,000
Public Record
Apr 9, 2020
$5,433,000
Public Record