Primary listing photo
Listing photo 2
Listing photo 3
Listing photo 4
Listing photo 5

878 Paseo Ferrelo, Santa Barbara, CA, 93103

2beds
2baths
1,348sqft
$3,100,000
$2,300price/sqft
$19,195/moest. monthly cost
$767,800/yrincome needed

About This Home

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 additional 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.

Getting Around

53
WalkingSomewhat Walkable
34
TransitSome Transit
34
BikeSomewhat Bikeable

Schools

8/10

Construction

Condition

  • Property condition: Excellent
  • Year built: 1925

Materials

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

Type & Style

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

Interior

Appliances

  • Appliances included: Refrigerator,Built-In Gas Range,Tankless Water Heater,Dishwasher,Disposal,Dryer,Washer
  • Laundry features: Laundry Room

Bedrooms & Bathrooms

  • Bedrooms: 2
  • Bathrooms: 2
  • Full bathrooms: 2

Features

  • Window features: Blinds
  • Flooring: Hardwood,Tile
  • Fireplace features: Living Room,Patio
  • Fireplace: Yes

Heating & Cooling

  • Heating features: Forced Air,Radiant Floor
  • Cooling features: Central Air

Interior Area

  • Total structure area: 1,348
  • Total interior livable area: 1,348 sqft

Property

Details

  • Parcel number: 029272001
  • Zoning: R-1

Features

  • Levels: Single Story
  • Patio & porch: Patio,Terrace
  • Exterior features: Fruit Trees,Yard Irrigation T/O
  • Fencing: Full
  • Has view: Yes
  • View description: Islands,Ocean,City,Harbor,Panoramic
  • Has water view: Yes
  • Water view: Islands,Ocean,Harbor

Lot

  • Lot size: 5,662 sqft
  • Features: Near Public Transit

Parking

  • Parking features: Garage,Epoxy Finished Floor,Storage

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
  • Earthquake
    EarthquakeRelatively High
  • Landslide
    LandslideRelatively High
  • Wildfire
    WildfireRelatively High

How This Home’s Risks Compare

Inland Flooding
Earthquake
Landslide
Wildfire

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 $15,675$188,100
Home Insurance *$391$4,692
Property Taxes $2,731$32,772
Electricity $398$4,786
Total$19,195$230,340
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$658,114/yr
40% on housing$575,850/yr
45% on housing$511,866/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

$2,300This listing

vs Other Active Listings

Avg $/sqft

ZIP 93103$1,082
Santa Barbara County$1,073

vs Homes Sold Last Month

Median $/sqft

ZIP 93103$1,325
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
2026-07-28Price change$3,100,000
2026-07-01Listed for sale$3,379,000
2018-04-20Sold$1,660,000
2018-03-30Listed for sale$1,695,000
2018-03-18Pending sale$1,695,000
2018-03-09Listed for sale$1,695,000
2015-01-08Sold$1,250,000
2014-10-16Listed for sale$1,399,000
2010-05-14Sold$1,170,000
2007-07-20Sold$1,315,000

For Sale by Agent

AgentLisa Foley
BrokerageBerkshire Hathaway HomeServices California Properties

Similar Homes