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$8,495,000

Beds
4
Baths
4.0
sq ft
3,821

1586 San Leandro Ln, Santa Barbara, CA 93108

1586 San Leandro Ln

Santa Barbara, CA 93108

  • 103 days on market
    • Price drop $455,000↓
Overflowing with style and authenticity, this Montecito Hedgerow estate has been modernized while staying true to its classic Spanish character. Sited on 1.3 acres in the heart of one of Montecito's most desirable neighborhoods, the exquisite 4 bedroom home offers the artful blend of historic elegance and contemporary luxury. Circa 1924, this vintage estate was thoughtfully reimagined by the renowned celebrity designer Paul Fortune and most recently updated by Cliff Fong. Step inside to discover high ceilings, large arched doorways, Waterworks plumbing fixtures, beautiful French doors, vintage fabric wall coverings, modern light fixtures, with layers & prints at every turn. Available for immediate occupancy. The kitchen and sitting room open directly to the covered terrace and enclosed pool garden, which features built-in seating, a built-in barbecue, outdoor shower, and captivating mountain views. The primary suite is a true sanctuary. Flooded with natural light from a wall of windows and lush tree canopy views, you will feel a dose of daily inspiration in this space. The luxe en-suite bathroom was designed with period-appropriate fixtures and finishes, offering a spa-like experience, and a dressing room with ample space to complete the upstairs suite. The professionally landscaped gardens spread across lush green lawns, raised vegetable beds, fountains, ancient oaks, and numerous patios ideal for al fresco dining and entertaining; embodying the sumptuous indoor/outdoor lifestyle for which Montecito is coveted. Behind these private gates, a detached art studio/garage offers a multitude of possibilities, and the flat, usable grounds can easily support a future ADU/guest cottage, or tennis court, providing opportunities for expansion. This home offers access to Montecito's finest amenities, conveniently located mere moments from the beach, both Upper and Lower Village, parks, hiking trails, and three top-rated schools, including the prestigious Montecito Union School District. Begin your Montecito journey here at this dashing home, in a setting of unparalleled beauty and tranquility.

Details

Property type

Single Family Residence

Est. home value

$6,367,272

Lot size

1.3 acres

Price per sq ft

$2,224

Year built

1924

HOA

No

Price History

07/22/2024
CLAW

CLAW #24401733

Price change
$8,495,000
-5.08%
06/07/2024
CLAW

CLAW #24401733

Listed
$8,950,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Gated

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Jpmorgan Chase Bank Na

Loan start date

December 2016

Original loan amount

$2,988,000

Est. remaining balance

Not provided

Interest rate

2.87%

Loan type

Adjustable Rate Mortgage, 30 year

Seller

Donald Robertson and Kimberly Gieske

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

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Status: Active

Tomo last checked: 09/19/2024 at 9:30 AM

Listing updated: 08/20/2024 at 4:43 PM

Listed by: Marsha Kotlyar, Berkshire Hathaway HomeServices California Properties Phone #: (805) 969-5026

MLS: CLAW #24401733

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