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1502 E Mountain Dr, Santa Barbara, CA, 93108

5beds
7baths
0sqft
$21,900,000
--price/sqft
$132,660/moest. monthly cost
$5,306,400/yrincome needed

About This Home

Casamar is a rare expression of Montecito's understated elegance, where Mediterranean architecture, refined craftsmanship, and breathtaking ocean and mountain vistas come together in the coveted Golden Quadrangle. Set on approximately 2.12± acres, the estate evokes the romance of a private palazzo with beautifully landscaped grounds and exceptional indoor-outdoor living. The impressive foyer is crowned by a custom domed skylight, leading to a grand living room with an architectural stone fireplace, wood floors, vaulted wood-beam ceilings, and glass French doors that open to sweeping ocean views. The gourmet kitchen features custom cabinetry, skylights, top-of-the-line appliances, an inviting breakfast room, and French doors to a view terrace. Nearby, the media room/library with wet bar offers paneled coffered ceilings, herringbone floors, a dual-faced fireplace, projection system, and wine refrigerator. The main residence includes five en-suite bedrooms, highlighted by an elegant primary suite with wood ceilings, a sitting/office room, dual luxurious baths, generous closets, a spa/massage room, and a private terrace overlooking the coastline. Outdoors, stone terraces, a glistening pool, koi pond, waterfall, fountains, arbor, rose gardens, orchards, and a farm-to-table patio create a beautiful setting for al fresco living. Additional amenities include an expansive motor court, upper-level four-car garage with parking portico, generator, private well, and a charming one-bedroom guest house with ocean views. Conveniently located near the beaches, Upper Village, and Montecito Union School District, Casamar offers timeless Mediterranean elegance in one of Montecito's most coveted settings.

Getting Around

12
WalkingCar-Dependent
15
TransitMinimal Transit
5
BikeSomewhat Bikeable

Schools

Construction

Condition

  • Year built: 1992

Materials

  • Foundation: Mixed
  • Roof: Tile
  • Construction materials: Stucco

Type & Style

  • Home type: SingleFamily
  • Architectural style: Mediterranean
  • Property subType: Single Family Residence

Interior

Appliances

  • Laundry features: Laundry Room

Bedrooms & Bathrooms

  • Bedrooms: 5
  • Bathrooms: 7
  • Full bathrooms: 5
  • 1/2 bathrooms: 2

Features

  • Flooring: Carpet,Hardwood,Tile
  • Fireplace features: Living Room,Primary Bedroom
  • Fireplace: Yes

Heating & Cooling

  • Heating features: Forced Air
  • Cooling features: Central Air

Property

Details

  • Parcel number: 011070039
  • Zoning: Other
  • Special condition: Standard

Features

  • Private pool: Yes
  • Pool features: Outdoor Pool,Waterfall
  • Exterior features: Other,Fruit Trees,Yard Irrigation PRT
  • Has spa: Yes
  • Spa features: SPA-Outside
  • Has view: Yes
  • View description: Mountain(s),Islands,Ocean
  • Has water view: Yes
  • Water view: Islands,Ocean

Lot

  • Lot size: 2.12 Acres

Parking

  • Total spaces: 5
  • Parking features: Garage
  • Attached garage spaces: 4
  • Covered spaces: 5
  • Carport: Yes
  • Carport spaces: 1

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

  • Inland Flooding
    Inland FloodingVery High
  • Landslide
    LandslideVery High
  • Wildfire
    WildfireVery High
  • Earthquake
    EarthquakeRelatively High
  • Drought
    DroughtModerate

How This Home’s Risks Compare

Inland Flooding
Landslide
Wildfire
Earthquake
Drought

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 $110,738$1,328,856
Home Insurance *$2,543$30,516
Property Taxes $18,981$227,772
Electricity $398$4,786
Total$132,660$1,591,920
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$4,548,342/yr
40% on housing$3,979,800/yr
45% on housing$3,537,600/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

--This listing

vs Other Active Listings

Avg $/sqft

ZIP 93108$2,139
Santa Barbara County$1,058

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
2026-06-09Listed for sale$21,900,000
2024-08-26Listing removed--
2024-03-27Listed for sale$21,900,000
2023-10-09Listing removed--
2023-07-12Listed for sale$23,500,000

For Sale by Agent

AgentCristal Clarke
BrokerageBerkshire Hathaway HomeServices California Properties

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