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196 Santa Elena Ln, Santa Barbara, CA, 93108

5beds
5baths
4,400sqft
$6,500,000
$1,477price/sqft
$40,137/moest. monthly cost
$1,605,480/yrincome needed

About This Home

A rare opportunity to own a newly constructed custom home without the typical years-long building process. Currently under construction and anticipated to be completed in November, this exceptional property will offer approximately 3,600 sqft in the main residence, featuring four en-suite bedrooms and a powder room, along with a nearly 800 sqft guest house complete with its own bedroom, bathroom, and full kitchen. Thoughtfully designed for modern California living, the property will feature seamless indoor-outdoor spaces, a resort-style pool and spa, outdoor kitchen, and the quality and craftsmanship expected of a custom-built home. The builder is committed to shepherding the project through completion, providing continuity and helping ensure the home remains on schedule for its anticipated delivery. Adding to its appeal, the home is at a stage where a buyer may have the opportunity to personalize select finishes, materials, and design details, creating a residence tailored to their own vision while avoiding the time, complexity, and uncertainty of starting a custom build from the ground up. Offering the best of both worlds, a custom home with the ability to make it your own, delivered in a matter of months, this is a truly rare opportunity in today's market.

Getting Around

55
WalkingSomewhat Walkable
27
TransitSome Transit
59
BikeBikeable

Schools

Construction

Condition

  • Year built: 2026

Type & Style

  • Home type: SingleFamily
  • Property subType: Single Family Residence

Interior

Bedrooms & Bathrooms

  • Bedrooms: 5
  • Bathrooms: 5
  • Full bathrooms: 5
  • 1/2 bathrooms: 1

Features

  • Fireplace features: Living Room
  • Fireplace: Yes

Interior Area

  • Total structure area: 4,400
  • Total interior livable area: 4,400 sqft

Property

Details

  • Parcel number: 009181012
  • Zoning: R-1

Lot

  • Lot size: 0.50 Acres

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Earthquake
    EarthquakeRelatively High
  • Inland Flooding
    Inland FloodingRelatively High
  • Landslide
    LandslideModerate

How This Home’s Risks Compare

Earthquake
Inland Flooding
Landslide

FEMA Declared Disasters in Santa Barbara County and California

Earthquake
Flood
Mud Landslide
Severe Ice Storm
Severe Storm
Snowstorm
Straight Line Winds
Tornado
Tropical Storm
Winter Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $32,867$394,404
Home Insurance *$754$9,048
Property Taxes $5,573$66,876
Electricity $943$11,322
Total$40,137$481,644
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$1,376,125/yr
40% on housing$1,204,110/yr
45% on housing$1,070,320/yr

California FAIR Plan Programs

California FAIR Plan Association

Covered
WildfireWildfire
Visit Website →
Current Policies
Residential: 417,310Commercial: 13,990
Total Premiums$1.42B
Total Exposure$429.84B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 8.2%
8.2%
0%30.0%
Electricity Growth Rate10-year average: 4.3%
4.3%
0%15.0%
Property Taxes Growth Rate2-year average: 1.6%
1.6%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$1,477This listing

vs Other Active Listings

Avg $/sqft

ZIP 93108$2,284
Santa Barbara County$1,073

vs Homes Sold Last Month

Median $/sqft

ZIP 93108$1,778
Santa Barbara County$735

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-08-09Price change$10,950,000
2026-06-16Listed for sale$6,500,000
2024-12-31Sold$2,049,500
2024-11-08Pending sale$2,250,000
2024-08-05Listed for sale$2,250,000
2024-05-01Listing removed--
2024-04-11Listed for sale$2,250,000
2024-03-15Pending sale$2,250,000
2023-07-14Listed for sale$2,250,000
2022-08-29Sold$1,950,000
2022-08-19Pending sale$1,695,000
2022-08-16Listed for sale$1,695,000
2011-06-14Sold$1,551,000
2011-03-31Price change$1,575,000
2011-03-13Price change$1,650,000
2011-02-18Listed for sale$1,785,000

For Sale by Agent

AgentThe Morehart Group
BrokerageCompass

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