See Home Value
$2,550,000
● House - Off Market

878 Paseo Ferrelo

Santa Barbara, CA 93103
bedrooms
2 Beds
bathrooms
2 Baths
square feet
1,277 Ft²
$15,222
Est. Monthly

About This Property

Now offered at an exceptional new price! Among the enduring works of renowned Santa Barbara architect Alex D'Alfonso, 878 Paseo Ferrelo stands as a beautifully preserved 1929 home that continues to reflect his timeless architectural vision. Set on one of the Lower Riviera's most desirable lanes, the home honors its original character while embracing the comforts of modern living. Enchanting wooden gates open to a whimsical secret garden, where a stone fountain, stately king palm, and mature plantings create a stunning arrival.Inside, sweeping ocean and island views, natural light, and D'Alfonso's signature windows and doors blur the line between indoors and out. Two beautifully appointed bedrooms and baths offer comfort and privacy. A custom kitchen, featuring a Bosch range and Sub-Zero refrigerator blends craftsmanship with everyday function. Newly installed central HVAC, Rinnai tankless water heater, copper gutters and downspouts, and the earthquake engineered foundation reflect the homeowners' thoughtful stewardship. A heated and cooled detached bonus room with decorative Walker Zanger tile offers exceptional flexibility as a home office, art studio, or fitness area. This remarkable home reflects the kind of residence - we can only imagine - its architect envisioned: crafted with care, lovingly maintained, and filled with the kind of charm that simply cannot be manufactured. Complete maintenance records are available upon request.
Unit Size
1,277 Ft²
Days on Market
91 days
Land Size
0.13 acres
Price per sqft
$2,428
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1925

Payment Calculator

Cap Rate Calculator

Last updated: 23 days ago (CLAW #26853309)

Price History

Date / Event Date Event Price
Sep 30, 2026 Sold
Sold
Sep 19, 2026 In contract -
In contract
Jul 30, 2026 Price Decreased $3,100,000
↓ $279K (8.3%)
Price Decreased
Jul 1, 2026 Listed by Berkshire Hathaway HomeServices California Properties $3,379,000
Listed by Berkshire Hathaway HomeServices California Properties

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1925
  • Effective Year Built: 1925
  • Building Count: 1
  • Total Rooms: 4
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 12
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 18
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 7
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,663
  • Total Building Area: 1,277
  • Building Area: 1,277
  • Building Area Measurement: T

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 24
  • Heated Square Feet: 1,277
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: GARCIA HEIGHTS #3
  • Land Acres: 0000000130
  • Standard Land Use Code: 1001
  • County Land Use Code: 0100
  • Legal Description 1: GARCIA HTS 3 LOT 49 AND 50B

Neighborhood

  • School District Name: Santa Barbara Unified School District
  • Census Tract: 000600

Zoning

  • Zoning: E1

Geography

  • Assessors Map Reference: 20-A1
  • Parcel: 029-272-001
  • Lot: 49
  • Municipality: CITY OF SANTA BARBARA CITY
  • Latitude: 34.4339
  • Longitude: -119.688

    Address

  • Full Address: 878 Paseo Ferrelo
  • Address - House Number: 878
  • Address - Street Name: Paseo Ferrelo
  • State: CA
  • City Name: Santa Barbara
  • Carrier Code: C012
  • 4-Digit Zip Code: 2132
  • Zip Code: 93103

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,916,534
  • Initial Tax Delinquent Year: 2022
  • Tax Rate Code Area: 02-001

    Appraisal Valuation

  • Standard Deviation: 0.1812
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 76
  • Final Value: 2,782,374
  • High Value: 3,286,636
  • Low Value: 2,278,112

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,836,475
  • Assessed Land Value: $1,120,987
  • Assessed Improvements Value: $715,488

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Apr 17, 2018
  • Current Sale Recording Date: Apr 20, 2018
  • Current Sale Price:
  • Current Sale Document Type: 36
  • Current Sale Input Document Number: 2018-0015912
  • Previous Sale Recording Date: Jan 08, 2015
  • Previous Sale Contract Date: Dec 09, 2014
  • Previous Sale Amount: $1,250,000
  • Previous Sale Document Type: 36
Data used for valuation calculations is provided by RealtyHop, and other third party sources

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Riviera


Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 720 Circle Drive, SANTA BARBARA, CA, 93108

$7,750 /mo

  • 3 Beds
  • 2 Baths
  • 1,247 ft²
720 Circle Drive, SANTA BARBARA, CA, 93108 Listing by Claudia Sanchez
Unit for rent at 429 Por La Mar, SANTA BARBARA, CA, 93103

$4,600 /mo

  • 1 Bed
  • 1 Bath
  • 708 ft²
429 Por La Mar, SANTA BARBARA, CA, 93103 Listing by Lisa Detamore
Unit for rent at 112 Crestview Lane, SANTA BARBARA, CA, 93108

$7,200 /mo

  • 2 Beds
  • 2 Baths
  • 1,600 ft²
112 Crestview Lane, SANTA BARBARA, CA, 93108 Listing by Geoffrey Martin


Frequently Asked Questions

When was property at 878 Paseo Ferrelo built and last sold?
The property at 878 Paseo Ferrelo was built in 1925 and last sold on Apr 17, 2018 for $1,660,000.
How much is this home worth?
The estimated value of the home located at 878 Paseo Ferrelo is $3,131,000.
What are some comparable homes to 878 Paseo Ferrelo?
There are currently no comparable homes to 878 Paseo Ferrelo.