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240 Miramar Ave, Santa Barbara, CA, 93108

7beds
9baths
8,089sqft
$16,500,000
$2,040price/sqft
$101,654/moest. monthly cost
$4,066,160/yrincome needed

About This Home

Nestled in the heart of Montecito, 240 Miramar Avenue is a remarkable legacy property offering exceptional privacy, timeless architecture, and nearly two acres of serene, park-like grounds. Originally the historic farmhouse of the renowned Hedge Row estate, the property is now completely enclosed by mature hedges and fencing, with two private gated entrances creating a rare sense of seclusion just moments from the coast and Upper Village. Designed by acclaimed architect Peter Becker and completed in 2001, the Hampton-inspired shingle residence spans approximately 9,000 square feet and combines classic Cape Cod elegance with California indoor-outdoor living. The home features seven bedrooms (with potential for eight), eight full bathrooms, and six fireplaces, with gracious scale and natural light throughout. The primary suite offers a luxurious retreat with dual bathrooms, expansive walk-in closets, and a spa-like soaking tub, while the main living spaces are thoughtfully designed for both grand entertaining and comfortable everyday living. Formal living and dining rooms, a spacious great room, billiards room, and bar area provide multiple gathering spaces with warmth and sophistication. The grounds are equally impressive -- a botanical sanctuary featuring heirloom rose bushes over a century old, mature specimen trees, fruit trees, and manicured gardens. Outdoor amenities include a sparkling pool, three formal fountains, a lighted bocce court, and a fully equipped outdoor kitchen with barbecue, refrigeration, and dining areas. An outdoor shower and dedicated pet washing station add both charm and practicality. Additional features include a three-car garage, separate she shed, gardener's shed, comprehensive security system, private road access, and a private well supplying the landscape and pool. This extraordinary estate offers a rare combination of history, privacy, and refined living in one of Montecito's most coveted locations.

Getting Around

24
WalkingCar-Dependent
21
TransitMinimal Transit
37
BikeSomewhat Bikeable

Schools

Construction

Condition

  • Property condition: Excellent
  • Year built: 1900

Materials

  • Foundation: Raised
  • Roof: Composition
  • Construction materials: Wood Siding

Type & Style

  • Home type: SingleFamily
  • Architectural style: Estate,Cape Cod
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: Trash Compactor,Refrigerator,Built-In Gas Range,Built-In Gas Oven,Built-In Electric Oven,Dishwasher,Disposal,Dryer,Gas Cooktop,Microwave,Washer
  • Laundry features: Gas Dryer Hookup,Laundry Room

Bedrooms & Bathrooms

  • Bedrooms: 7
  • Bathrooms: 9
  • Full bathrooms: 4
  • 1/2 bathrooms: 1

Features

  • Cathedral Ceiling(s)
  • Flooring: Hardwood,Stone,Tile
  • Fireplace features: Living Room,Primary Bedroom,Family Room,Other,Patio
  • Fireplace: Yes

Heating & Cooling

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

Interior Area

  • Total structure area: 8,089
  • Total interior livable area: 8,089 sqft

Property

Details

  • Parcel number: 007290034
  • Zoning: Other

Features

  • Levels: Two
  • Private pool: Yes
  • Pool features: Outdoor Pool
  • Patio & porch: Patio,Deck,Covered
  • Exterior features: Lawn,Fruit Trees,Yard Irrigation T/O
  • Fencing: Full
  • Has view: Yes
  • View description: Setting
  • Topography of land: Level

Lot

  • Lot size: 1.89 Acres
  • Features: Level,Near Public Transit

Parking

  • Total spaces: 3
  • Parking features: Garage
  • Attached garage spaces: 3
  • Covered spaces: 3

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 $83,432$1,001,184
Home Insurance *$1,916$22,992
Property Taxes $14,572$174,864
Electricity $1,734$20,814
Total$101,654$1,219,848
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$3,485,280/yr
40% on housing$3,049,620/yr
45% on housing$2,710,773/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

$2,040This listing

vs Other Active Listings

Avg $/sqft

ZIP 93108$2,276
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
2026-02-24Listed for sale$16,500,000
2025-12-10Listing removed$17,950,000
2025-04-29Listed for sale$17,950,000

For Sale by Agent

AgentMichael J Calcagno
BrokerageBerkshire Hathaway HomeServices California Properties

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