LOCATION,LOCATION,LOCATION! This one-of-a-kind Don Pedersen designed custom home is located steps from the wonderful shops and restaurants of Montecito’s Lower Village and Butterfly Beach. Inspired by tropical plantation style homes and integrated seamlessly with charming Santa Barbara details this home is impressive! The dramatic entry and open floor plan boasts soaring 30′ beamed ceilings, warm maple floors, and is flooded with natural light from an abundance of windows and skylights. A fantastic property for entertaining with multiple sets of French doors opening to an expansive veranda. The generous sized master suite has his and her baths and walk-in closets and is located on the main level. There is an elevator for easy access to the lower level with additional rooms and hugh 3 car garage – a perfect place for autos and hobbies. The beautifully landscaped grounds feature a magnificent magnolia tree, colorful and mature plantings, a charming stone wall and pathways plus an enchanting 2 bdrm guest cottage. For the garden enthusiast there is also a wonderful greenhouse which could serve as an art studio. A rare opportunity for so much in such a prime Montecito area. Offered at just $2,699,000.

For more details contact Pat Saraca at 805-886-7426, Distinctive Real Estate

Dramatic Living Room

There is some positive news with this update of Santa Barbara Real Estate sales year to date. The number of sold properties is up by 16% over last year at this time. The median sales price is down however, by about 6%.  The Santa Barbara median sales price is down by 37% from the peak of 2007 – wow this is great for Buyers! Plus with interest rates being so low, currently fluctuating around the 4% mark, this may very well be the best time to get into the Santa Barbara real estate market and have affordable payments! Looking at the  high end, Santa Barbara luxury market ($2,000,000 and up) this segment is still showing signs of weakness with ONLY 10% of the sales in October being above $2,000,000. There are some incredible opportunities for high end buyers in Santa Barbara and Montecito with some very motivated sellers especially as we approach the holidays and end of the year! Click here to search for homes and estates for sale in Santa Barbara.

Serene Setting

Rarely available 3 bdrm townhouse in a serene woodsy setting with filtered mountain views! The kitchen and baths have been remodeled with stunning tile work. The living room features cathedral ceilings and a fireplace. The dining room and kitchen both open to an outdoor patio perfect for dining al fresco! The master bedroom is huge and has a walk-in closet and an expansive private balcony to enjoy the peaceful setting. There is even an attached 2 car garage! This wonderful townhouse is located 5 minutes from the beach and shops and restaurants in beautiful Santa Barbara. This is your chance to own Santa Barbara real estate – priced at just $499,000!

It was a beautiful day for viewing estates for sale in Montecito! There were 21 properties in Montecito on the broker tour this week.  The newest estate listing is a spectacular Mediterranean on 20 gated acres complete  with 7 bedrooms,  8.5 baths, media/screening room, fantastic gourmet  kitchen, 4-car garage, gorgeous pool, incredible ocean and mountain views, a guest house with its own gated entrance, bocce ball court, lawn, fruit trees, and Koi pond. This Montecito luxury home is located on one of the most desirable streets in Montecito. It  is offered at $12,700,000. On the other end of the spectrum there lies a  wonderful opportunity to purchase a Montecito property via a short sale. This single story, ocean view home set amidst larger estates,  overlooks red tile roofs and the Montecito Country Club. The 1/2 acre Montecito property is gated, has 4 bedrooms, 2.5 baths and boasts lush landscaping and magnificent ocean views.
This is a rare opportunity to purpose a Montecito property in a distress sale. Whether you are looking for a high end luxury property or an entry level Montecito home now may be the best time to start your search! There are some great deals to be had!

Bel Air Knolls Sunset

Spacious Santa Barbara home for sale  in the coveted Bel Air Knolls neighborhood – ideally located near downtown Santa Barbara and less than 2 miles to the Santa Barbara oceanfront where Hendry’s Beach and a wonderful beachfront restaurant await you!  Colorful semi-tropical landscaping greets you at the front of this stunning home. The interior entry has beautiful wood floors in a herringbone pattern and flows to a cozy sitting area overlooking the impressive living/dining room. Soaring ceilings and an abundance of windows frame the picturesque views. This stylish light and bright home features an expansive deck which can be accessed from either the dining room or the kitchen. It is a great place to enjoy the Santa Barbara sunset views with plenty of room for entertaining. The sun-lit kitchen has a large island with cook top, cabinets galore, a walk-in pantry, and an eat-in area for casual meals. There is also easy access to the deck from the kitchen for dining al fresco – as Santa Barbara’s mild climate welcomes this year round. The spacious master suite features a romantic fireplace surrounded by bookcases and high vaulted ceilings. The adjoining master bath has a spa tub, separate shower and lots of room with double sinks.  The master also has a walk-in closet and a deck of exotic mahogany – great to escape for a little quiet time. There are 2 additional large bedrooms with full baths and a den or home office. The lower level bedroom has treetop views and its own private deck. There is lots of off street parking and a 3-car garage which serves the hobbyist well. The 1/3 acre lot boasts lots of mature & drought resistant plants including beautiful pepper,oak, and palm trees – what Santa Barbara home would be complete without palm trees?  An exceptional opportunity at $1,300,000. For more details contact Pat Saraca at 805-560-9951, Distinctive Real Estate, Santa Barbara.

Santa Barbara is world renowned for its gorgeous coastline and stunning beaches as well as its luxury real estate. Santa Barbara has an extremely limited number of homes directly on the beach or on the bluff top thus making those lucky enough to own them part of a truly exclusive group. There are just 28 oceanfront properties currently for sale in Santa Barbara. Click here to view them: Santa Barbara Oceanfront. Two oceanfront estates are now in escrow. The first is an 8 acre Mediterranean Estate in Hope Ranch complete with pool, cabana, tennis court, guest house, putting green, and path directly to the beach. Definitely your own private resort! This Hope Ranch Property came on the market in February at $28,500,000 and was reduced to $23,500,000 in June. It went into escrow in September. The other oceanfront estate in escrow is in the gated community of Sand Point. It is a gorgeous Cape Cod style beach home with a pool and guest house on 1.5 oceanfront acres. It had been on the market for over a year when it went into escrow in August. Its original list price was $15,900,000 prior to a price reduction to $13,800,000. If you would like to know the final sales prices of these properties or want further information about Santa Barbara real estate please contact me at patsaraca@gmail.com or 805-560-9951.Oceanfront estates in Santa Barbara have been selling at 50% off original asking prices so now may just be the perfect time for to buy a Santa Barbara home.

 A best buy on Santa Barbara’s beachfront community known as “The Mesa”.  This remodeled 4 bedroom home has lots of charm and upgrades.  It is convenient to many shops and restaurants offering everything from fast food to gourmet from pizza to sushi!This charming home is also near the beach and harbor, Shoreline Park, Ledbetter Beach, Hendry’s Beach, City College, & Washington Elementary School. There are warm maple floors in the living and dining rooms with an open floorplan. The sun light dining area flows to a trellis covered patio for dining al fresco. The living room has recessed lighting, fireplace, and plantation shutters. The kitchen has tile flooring, stainless steel appliances, and island work space area for preparing those delicious meals with fresh veggies from the garden.  There are lots of windows in the main living area with a peek of the ocean and islands! Multi-pane windows create a serene interior environment. There are 4 bedrooms and  2 full baths. The master bath has recently been remodeled!  The tropical landscaping in the yard is full of colorful flowers. There is a delightful veggie garden, a gorgeous tile patio and wall and a soothing fountain. There is plenty of off street parking and a 2 car garage on this gated parcel. Motivated sellers have priced this home for a quick sale at just $759,000! Yes that is $759,000 for a 4 bdrm turn-key home near the beach in Santa Barbara!! Hurry on this one.

Santa Barbara

Watched the Fourth of July fireworks from a magnificient bluff top location on the Mesa in Santa Barbara. This oceanfront (click to view Santa Barbara Ocean Front homes for sale) location is a prime spot for a Santa Barbara luxury home. Plans are in place for a gorgeous Tuscan Villa. This remodel opportunity is a rare offering. This locale has a unique orientation facing south and east over the Santa Barbara coastline allowing incredible sunrise views plus ocean, city, harbor, mountain, and island views. Just steps to Shoreline Park, Leadbetter beach – great for surfing and paddle boarding, Santa Barbara Harbor and Santa Barbara Yacht Club plus restaurants and shops. Also close enough for a stroll to State Street and downtown Santa Barbara. Directly in front of you is a favorite local surf spot, for your own live surfing extravaganza. Watch kayakers and paddle boarders from Santa Barbara Harbor, a regular Regatta of international visits from the most spectacular sporting yachts in the world, weekly sail boat races, occasional cruise ship visits and visits from the USS Ronald Reagan, a state of the art U.S. Naval Aircraft Carrier. You may also be delighted with the appearance of dolphins and whales! This is what Santa Barbara beach homes are all about! Build your dream home on one of the most spectacular view properties in Santa Barbara! For additional details on this fantastic offering go to www.BeachFrontSantaBarbara.comAct now and you can watch next year’s fireworks from your very own Santa Barbara beach front home!

The luxury home segment in Santa Barbara has seen a very active spring! Fourteen estate properties have closed escrow at the $5,000,000 +  price since April 1. This compares to 8 properties closing in this price range for the same time period last year. That is an astounding 75% increase in closed sales! Perhaps the money is coming out of gold and into real estate again! The highest priced sale is an oceanfront estate which sold for $16,250,000. Located in a guard gated community this gorgeous 7000 s.f. Cape Cod style home has 5 bdrms, 7 baths and 190’ beach frontage on 2+ acres. And yes it has a guest house and a home theater! Originally priced at $32,500,000 when it hit the market in 2008 – it sold at an impressive 50% discount – I’d say well worth the wait!

Another notable luxury estate that recently closed escrow is a 1930’s Dutch Cape on 3.5 acres with dramatic mountain and ocean views in Montecito. Located just a stone’s throw from Oprah’s little place this property was written about in a previous blog about Montecito ocean view estates! It came on the market at $23,900,000 a year ago and just closed escrow at an even $15,000,000. Some great deals have been made in the Santa Barbara luxury market. Sellers are showing lots of motivation as can be seen by looking at the list to sales prices. Watch for an update on the Hope Ranch estate market next!

Newly listed Santa Barbara luxury home for sale is in the desirable San Roque Park neighborhood.This spacious gem is on a beautiful tree-lined street. Enjoy the scent of jasmine and roses as you enter the flower lined brick walkway. An inviting front porch greets you where you can sit and take in the gorgeous mountain views. This coveted location is near a beautiful neighborhood park and Santa Barbara shops and restaurants. The large living room features coved molding, a wonderful picture window and a fireplace. The adjoining family & dining room flow out to a saltillo tiled deck overlooking the lush grounds. The chef’s kitchen has lots of room for creating gourmet meals and a charming breakfast nook in which to savor them. Specialty grocery stores are mere minutes from this home – so convenient! The master suite is on its own wing providing great privacy from the other two bedrooms. The huge yard is a gardener’s delight with an abundance of colorful flowers, plants, mature trees, lawn & patio areas, and a relaxing spa. Now is a fantastic buying opportunity as rates are incredibly low and predicted to go up. Offered at $1,280,000! Click here to view this home or search for other Santa Barbara luxury homes at http://santabarbarapocketlistings.com/