Major Million Dollar Price Improvement! First time on the market in 50 years, this rare ±1.93-acre Montecito legacy property offers incredible potential on coveted Schoolhouse Rd. Existing 3BD/2.5BA residence, detached guest house, pool, mature oaks, seasonal stream & mountain views. Recent land-use review supports a new approx. ±5,864 sq.ft. main residence + attached 800 sq.ft. Garage, 1200 sq.ft. ADU, 1400 sq.ft of additional accessory structures & potentially keep existing detached Guest house & two car garage w/ workshops (buyer to verify). Newly completed conceptual renderings and planning work provides a vision for the future. A rare opportunity to build or rebuild a timeless estate in the heart of Montecito moments from the Upper Village, Manning Park and Montecito Union School.
Single-familyProperty Type
1947Year Built
1.93 acresLot Size
$2,520Price/Sq.Ft.
4 garage spacesParking
Listed by Hutch Axilrod•DRE #01939922• Compass
Bought with Riskin Partners Group•DRE #01815307 / 01447045 / 01954177 / 01951069• Village Properties
Bought with Riskin Partners Group•DRE #01815307 / 01447045 / 01954177 / 01951069• Village Properties
Lot Features: Level, Flag Lot, Near Public Transit
Zoning: E-1, R-1
Utilities
Heating & Cooling
Heating Available: Yes
Heating: Forced Air
Utilities Information
Water Source: Meter In, Mont Wtr
Sewer: Sewer Hookup
Location
Multi-Unit Information
Pets Allowed: Yes
School Information
Elementary School: Mont Union
Middle Or Junior School: S.B. Jr.
High School: S.B. Sr.
Location Information
Road Frontage Type: Easement
Cross Street: San Ysidro Rd
Directions: Adjacent to MUS, access from San Ysidro or Hot Springs Rd.
Public facts
Beds: 3
Baths: 2.0
Sq. Ft.: 2,103
Stories: —
Lot Size: 1.93 acres
Style: Single Family Residential
Year Built: 1947
Year Renovated: 1947
County: Santa Barbara County
APN: 009080007
Home facts updated by county records on Aug 17, 2026
Around this home
Schools
Montecito Union School
Public K-6 • Assigned • 0.1mi
10/10
Provided by GreatSchools
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
6/10 Heat Factor
7 days above 86° expected this year, 20 days in 30 years
1/10 Wind Factor
Minimal risk of severe winds over next 30 years
8/10 Air Factor
13 unhealthy days expected this year, 13 days in 30 years
Provided by First Street
Historical weather
Santa Barbara, CA • 93108
Average low and high temperatures (°F)
67
50
67
52
68
54
67
53
68
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59
74
61
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62
74
62
72
58
67
53
67
52
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
91/ 100
Exceptional sunlight
Sunscore
This home ranks in the top 28% for direct sun exposure in Santa Barbara. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
9.5 hrs
7 hrs
JuneDecember
Provided by Shadowmap
Estimated sale price
$5.18M – $6.27M
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