




878 Paseo Ferrelo, Santa Barbara, CA, 93103
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
Schools
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
- Earthquake
- Landslide
- Wildfire
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 | $15,675 | $188,100 |
| Home Insurance * | $391 | $4,692 |
| Property Taxes | $2,731 | $32,772 |
| Electricity | $398 | $4,786 |
| Total | $19,195 | $230,340 |
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 |
|---|---|---|
| 2026-07-28 | Price change | $3,100,000 |
| 2026-07-01 | Listed for sale | $3,379,000 |
| 2018-04-20 | Sold | $1,660,000 |
| 2018-03-30 | Listed for sale | $1,695,000 |
| 2018-03-18 | Pending sale | $1,695,000 |
| 2018-03-09 | Listed for sale | $1,695,000 |
| 2015-01-08 | Sold | $1,250,000 |
| 2014-10-16 | Listed for sale | $1,399,000 |
| 2010-05-14 | Sold | $1,170,000 |
| 2007-07-20 | Sold | $1,315,000 |
For Sale by Agent
