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1274 Eleven Oaks Lane, MONTECITO, CA 93108

$6,500,000
Property Type: Res Inc Square Footage: 1,918 Lot Size (sq. ft.): 1,393,920 Status: Closed
Current Price: $6,500,000 List Date: 7/21/2023 Last Modified: 9/15/2024

Description

Your must see this property to believe it. Photos and descriptions cannot convey the magic of this fully transformed downtown Montecito renovation that presents an incredibly versatile property in one of the most unique and convenient locations available! This incredibly charming single family residence in the Coastal Zone (short or long term rentals) easily converts to a duplex including two units with separate entrances, each boasting 2 bedrooms, 2 bathrooms, an indoor and outdoor kitchen, and laundry. Extras abound such as the beautifully landscaped 0.32 acre lot, outdoor fireplace, gorgeous water feature spilling down a private hillside to a large redwood spa, outdoor shower, direct Coast Village Road access across from Lucky's and a stunning ocean view entertainment deck -incredible!

Supplements: All new features include: custom windows, doors, electrical system, plumbing, floors, lighting, plumbing fixtures (including automatic Toto toilets in all 4 bathrooms), exposed beams, cabinetry, quartzite countertops and backsplashes, closet systems throughout, fireplace added upstairs, premium appliances, downstairs shower with 5 shower heads, full sized second kitchen upstairs, 2 complete, separate HVAC systems (for each floor), separate upstairs electrical panel, separate hot water service, separate laundry closets (for each floor), wine storage closets (one hidden behind bookshelf upstairs), "standing seam" metal roof, gutters, exterior stucco, concrete retaining walls and drainage, 3 auto fill waterfalls, 3 fire pits, 2 outdoor BBQ systems wi/ granite countertops and dual fuel, 2 custom awnings, new redwood hot tub, outdoor shower, massive custom built (on site) ocean view multi-level, entertainment deck, exterior electrical sub panel, landscaping and lighting throughout, electric gate, pedestrian entry, custom furnishings, art and decor items inside and outside the home to include some pieces made specifically for the property (subject to offer), premium electronics (including TV that look like paintings), "smart" climate controls, professionally installed gardens and irrigation over the entire 0.32 acre property, decks, stone path, and outdoor fireplace (with rotisserie), parking to accommodate up to 7 vehicles, custom "cable" railing system in ipe hardwood, secure safe installed in closet, deep storage at both levels.

More Information MLS# 23-2148

Location Info

Country: US Compass Map: Santa Barbara Map Grid: S12 Cross Street: Olive Mill District: 10 - MONTECITO Street #: 1274 Street Name: Eleven Oaks Street Suffix: Lane State: CA Postal Code: 93108 County: Santa Barbara Parcel Number: 009-230-042

Contract Info

Buyers Agent $/%: 2.5 Current Price: $6,500,000 Price: 6700000 Begin Date: 2023-07-20 Status: Closed

Property Information

Year Built: 2023 Stories: 2 Apx # Acres: 32 Main House SqFt: 1918 Recurring Fees: No Number of Units: 2

Neighborhood/Schools

Elementary School: Mont Union Junior High School: S.B. Jr. High School: S.B. Sr.

Owner Info

Deposit: 20100

Remarks

Hot Sheet Comment: new

Condition

Excellent: 1

Foundation

Slab: 1 Raised: 1 Mixed: 1

Miscellaneous

Parking Spaces: 3 # Refrigerators: 2 # Stoves: 2

Proximity

Near Bus: 1 Near Ocean: 1 Near Park(s): 1 Near School(s): 1 Near Shopping: 1

Laundry

In Unit: 1

Amenities

Deck: 1 Patio: 1 Spa: 1 Fireplace: 1 Gas Stove: 1 Dishwasher: 1 Microwave: 1 Washer: 1 Dryer: 1 Refrigerator: 1 220V: 1 Fncd All: 1

Unit 1

# Units: 1 # Bedrooms: 2 # Baths: 2 # Half Baths: 0 Furnished: P Rent: 21000 Monthly Total: 21000

Income/Expenses

Total Monthly Income: 42000 Annual Income: 504000 Gross Rent Multiplr: 13.29 Capitalization Rate: 6% Estimated: 1 Vac Factor: 30% Total Annual Exp: 101700 NOI: 402300

Security

Smoke Detector(s): 1

Heating

GFA: 1

Cooling

A/C Central: 1

Unit 2

# Units: 1 # Bedrooms: 2 # Baths: 2 # Half Baths: 0 Furnished: P Rent: 21000 Monthly Total: 21000

Zoning

R-1: 1

Terms

Cash: 1 Conventional: 1

Listing Type

ER: 1

Meters

Sep Meter Wtr: N Sep Meter Elec: N Sep Meter Gas: No

Parking Info

Outside: 1 Unc #3: 1

Flr/Wdw Coverings

Hardwood: 1 Tile: 1

Pub Listing Details

Owner is Licensee: 1

Contingent Remarks

HOME INSPECTN: 1

Status Information

Sold Date: 2023-10-06 Sold Price: $6,500,000 Under Contract Date: 2023-09-05

NeighborhoodSchools

Neighborhood: 10 - Hedgerow

Property Features

Condition: Excellent Foundation: Slab; Raised; Mixed Parking Info: Outside; Unc #3 Proximity: Near Bus; Near Ocean; Near Park(s); Near School(s); Near Shopping Laundry: In Unit Amenities: Deck; Patio; Spa; Fireplace; Gas Stove; Dishwasher; Microwave; Washer; Dryer; Refrigerator; 220V; Fncd All Security: Smoke Detector(s) Cooling: A/C Central Heating: GFA Zoning: R-1 Terms: Cash; Conventional Listing Type: ER Pub Listing Details: Owner is Licensee Contingent Remarks: HOME INSPECTN
Listing Office: Goodwin & Thyne Properties
IDX
Last Updated: September - 15 - 2024
The data relating to real estate for sale on this web site comes from the Internet Data Exchange Program of the Santa Barbara Multiple Listing Service. Real estate listings held by brokerage firms other than the displaying broker(s) are marked with the 'MLS' logo and detailed information about them includes the name of the listing brokers. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor displaying broker shall be responsible for any typographical errors, misinformation, or misprints. 2015 Santa Barbara Multiple Listing Service. All rights reserved.

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