




512 E Arrellaga St, Santa Barbara, CA, 93103
About This Home
Discover this hidden-in-plain-sight Santa Barbara treasure - a historic piece of architecture owned by the same family for over 80 years, for sale for the 1st time since 1944! The home appears seemingly lost in time at the edge of the Upper East as it rises to the Lower Riviera, now available for the next owner to revive the home to a new splendor. Built around 1912 in a Vernacular Craftsman style, the rustic board-and-batten wood exterior is immediately distinctive on the 1st story, with a Greene & Greene-style shingling and design motif on the 2nd story. A church-like window graces the front of the home and upon entering you are greeted by a wood-paneled 2-story cathedral style grand living room. A large traditional dining room and upstairs bedrooms continue the rich paneled interior décor, which can be preserved and incorporated, or re-imagined differently in a buyer's renovation. The nearly 3,000 square-foot home has been approved to be eligible for Mills Act status, to potentially significantly reduce the property taxes and help offset some of the upgrade expenses. A pleasant surprise is the ocean views from the expansive 2nd story terrace, as well as a generous-sized backyard with mature trees. The premier location is only 6-7 blocks to downtown's Theater/Arts District with its acclaimed performing arts venues and numerous fine dining restaurants, and within 2-3 blocks to notable City parks. For the buyer who yearns for an historic home with its own special identity, 512 East Arrellaga offers an intriguing opportunity to bring the magic back to life!
Getting Around
Schools
Construction
Condition
- Property condition: Average,Fair
- Year built: 1912
Materials
- Foundation: Raised
- Roof: Composition
- Construction materials: Wood Siding,Wood Shingles
Type & Style
- Home type: SingleFamily
- Architectural style: Craftsman
- Property subType: Single Family Residence
Interior
Appliances
- Laundry features: Laundry Room
Bedrooms & Bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
- 1/2 bathrooms: 1
Features
- Flooring: Hardwood
- Fireplace features: Living Room,Dining Room
- Fireplace: Yes
Heating
- Heating features: Forced Air
Interior Area
- Total structure area: 2,974
- Total interior livable area: 2,974 sqft
Property
Details
- Parcel number: 027260003
- Zoning: R-3
Features
- Levels: Two
- Patio & porch: Deck,Rear Porch,Front Porch
- Fencing: Back Yard
- Has view: Yes
- View description: Mountain(s),Ocean,City
- Has water view: Yes
- Water view: Ocean
- Topography of land: Level
Lot
- Lot size: 7,405 sqft
- Features: Level,Near Public Transit
Parking
- Total spaces: 1
- Parking features: Garage,Attached
- Attached garage spaces: 1
- Covered 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
- Earthquake
- Landslide
How This Home’s Risks Compare
FEMA Declared Disasters in Santa Barbara County and California
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
| Monthly | Annual | |
|---|---|---|
| Mortgage | $11,099 | $133,188 |
| Home Insurance * | $277 | $3,324 |
| Property Taxes | $1,943 | $23,316 |
| Electricity | $637 | $7,652 |
| Total | $13,956 | $167,472 |
Income You'd Need if You Spent...
California FAIR Plan Programs
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.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-05-09 | Listed for sale | $2,350,000 |
For Sale by Agent
