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4005 Lago Dr, Santa Barbara, CA, 93110

$7,950,000

5 Bedrooms
5 Full Baths, 2 Partial
4,600 SqFt
$1,728/SqFt
House

Location

Image provided by Mapbox

Property Highlights

Home TypeSingle Family Residence
ParkingDoor-Multi, Garage
Garage2 spaces
Year Built1926
HeatingForced Air
CoolingNone
FireplaceFamily Room, Kitchen, Living Room, Primary Bedroom, Outside
ViewGolf Course, Lake, Mountain(s)
MLS #24441055
Lot Size1.65 Acres
StatusActive

About 4005 Lago Dr

Discover a rare opportunity to own a pedigree property in the prestigious Hope Ranch, featuring a stunning 5-bedroom, 7-bath Plunkett home set on 1.65 acres with breathtaking views of the lake, golf course, and mountains. Designed by renowned Santa Barbara architect Joseph Plunkett, this estate, built in 1927 and thoughtfully remodeled, offers a seamless blend of timeless elegance and modern comfort, capturing the essence of full-time resort living or a luxurious second-home retreat. As you arrive at this grand residence, the formal entry warmly welcomes you, with doors opening to both the front and back terraces. Inside, elegant hardwood floors grace the home, exuding timeless beauty. Abundant natural light floods the interiors through numerous doors leading to lush gardens and anoasis-like pool, complete with a slide, fire fountains, a waterfall, a Jacuzzi, and an outdoor sauna. The expansive lawns, framed by majestic oak trees and a range of succulents and fruit trees, provide a perfect setting for relaxation and entertaining. A charming well under the oaks and stone walls adds a touch of whimsy, ideal for hosting parties.The formal living room features vaulted ceilings and a striking fireplace, with French doors that open to both the front and backyard, enhancing the indoor-outdoor living experience. The formal dining room offers panoramic lake views, creating an intimate setting for gatherings. The bright, sunny kitchen boasts large glass skylights and modern upgrades. A spacious island serves as a welcoming centerpiece, inviting guests to gather. Disappearing doors seamlessly connect to the backyard and pool area, where an outdoor fireplace and patio offer an ideal space for alfresco dining. The backyard also features a romantic, ivy-covered pergola with lights, providing an enchanting setting for intimate events or dinner parties.The upstairs primary suite is a private retreat with a large deck offering serene views of the golf course, lake, and mountains. This suite also includes another fireplace, a built-in reading nook, and a cathedral ceiling. The suite's private balcony and additional bedroom options create opportunities for customization, such as a nursery, separate sitting room, or a luxurious his-and-her closet. The bedrooms throughout the home evoke the ambiance of a boutique hotel, combining elegance with unparalleled comfort. The upstairs guest suite, with its spacious deck, is perfect for hosting visitors.For those who prefer ground-level living, there is a spacious alternative primary suite on the lower level, complete with a fireplace and captivating views of the lake and beyond. This west wing suite offers immediate access to the pool and sauna, combining convenience and luxury.The east wing of the home includes a versatile 4th bedroom or yoga room with private access and the soothing sounds of the fountain, a full bath, an office with stunning views of nature, and a large mudroom. The 5th bedroom, with its own entrance and sitting room, features a remodeled bathroom and a wet bar with a fridge, offering a cozy space for relaxation, a live-in caretaker, longer-term guests, teenagers, or extended family.Additional features include a solar system for energy efficiency and a two-car garage, enhancing the property's functionality. This estate presents a unique opportunity to own a distinguished property designed by a well-known Santa Barbara architect that effortlessly blends luxurious living spaces with outstanding outdoor amenities, offering a true sanctuary in Hope Ranch. Whether for full-time elegance or a charming second-home getaway, the possibilities for entertaining friends and family are limitless in this exquisite property. Hope Ranch Community ~ Hope Ranch is an exclusive, picturesque community known for its sprawling estates and unparalleled natural beauty. Nestled along the stunning Santa Barbara coastline, it offers residents access to private beaches, equestrian trails & tennis courts.

Property Details

Property Features

Property Information:

  • Year Built: 1926
  • Stories: 2
  • Living Area: 4,600 SqFt

Listing Office:

  • Office Name: Village Properties
  • Office Phone: (805) 969-8900
  • Listing Agent: Natalie Grubb

Interior Features

Interior Information:

  • Appliances: Dishwasher, Refrigerator, Dryer, Washer
  • Flooring Type: Stone, Wood
  • Interior: Cathedral Ceiling(s), Eat-in Kitchen, Multiple Primary Suites, Walk-In Closet(s)
  • Fireplace: Family Room, Kitchen, Living Room, Primary Bedroom, Outside

Bedroom and Bathroom Information:

  • Partial Bathrooms: 2
  • Full Bathrooms: 5
  • Total Bedroom Count: 5

Exterior Features

Exterior Information:

  • View: Golf Course, Lake, Mountain(s)

Parking Information:

  • Garage Space: 2 spaces
  • Parking: Door-Multi, Garage

Lot Features

Lot Information:

  • Lot: Back Yard, Front Yard, Lawn
  • Lot Size: 1.65 Acres

Utilities

Utilities Information:

  • Heating: Forced Air
  • Cooling: None

School Info

Assigned Schools Information:

  • San Marcos Senior High School, Public District Grades 9-12
  • La Colina Junior High School, Public District Grades 7-8
  • Vieja Valley Elementary School, Public District Grades KG-6

Other

Directions Information:

  • Directions: Las Palmas Drive to Lago Drive

Price Information

Listing Price Info

Price Summary:

  • List Price: $7,950,000
  • Price Per SqFt: $1,728/SqFt

HOA Fees:

  • Amount: $2600
  • Frequency: Annually

Tax Information:

  • Annual Amount: $38,575
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Santa Barbara, CA.

Med. Sold Price

$2.1M

Med. Price/SqFt

$1,267

Avg. Days On Market

51

# of Sold Homes

72

4005 Lago Dr vs Santa Barbara

30 DAYS ON ROCKET

-21 Days

$7,950,000

+$5.8M More

$1,728/SqFt

+$461 More

KEY TAKEAWAY

This property is $5.8M more than the Median Sold Price and $461/SqFt more than other homes in Santa Barbara, CA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: CRMLS
  • MLS Number: #24441055

Listing Office:

  • Office Name: Village Properties
  • Office Phone: (805) 969-8900
  • Listing Agent: Natalie Grubb

IDX Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 10/18/2024, 12:20:54 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Aug 29, 2014Home Sold
$3,325,000
Jan 15, 1991Home Sold
$770,000

Tax History

YEARPROP. TAXASSESSMENT
2021$38,575$3,691,822
2020$38,574$3,653,968
2019$36,692$3,582,322
2018$36,693$3,512,082
2017$36,002$3,443,219

History based on county public records data.

Payment Calculator

$39.9K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$23.9K

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-572339
8
/10
  • Vieja Valley Elementary School

  • 434 Nogal Dr

  • 0.83 miles

  • Public District Grades KG-6

Middle School

school-card-donut-572340
7
/10
  • La Colina Junior High School

  • 4025 Foothill Rd

  • 1.45 miles

  • Public District Grades 7-8

High School

school-card-donut-572341
7
/10
  • San Marcos Senior High School

  • 4750 Hollister Ave

  • 1.81 miles

  • Public District Grades 9-12

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $166,228. Residents of Santa Barbara, CA typically earn $200k+ each year. The majority of families are single, no kids. Most residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 4005 Lago Dr

What is the listing price of this property?

The listing price of 4005 Lago Dr property is $7,950,000.

What type of property is this?

The property 4005 Lago Dr is a house located in Santa Barbara, California, 93110.

Is this property for sale now?

Active Listing: 4005 Lago Dr is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 4005 Lago Dr are:
Vieja Valley Elementary School: GreatSchools Rating 8/10
La Colina Junior High School: GreatSchools Rating 7/10
San Marcos Senior High School: GreatSchools Rating 7/10

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $38,575 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on August 29, 2014 for $3,325,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 4005 Lago Dr has 5 bedrooms and 5 full and 2 half bathrooms.

What is the square footage of this property?

The property 4005 Lago Dr is 4,600 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 4005 Lago Dr is 1926.
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Rocket HomesCaliforniaSanta Barbara CountySanta Barbara931104005 Lago Dr

This home is located at 4005 Lago Dr in Santa Barbara, CA and zip code 93110 in the Hope Ranch neighborhood. This 4,600 square foot home, which was built in 1926, sits on a 1.65 acre lot. Features: 5 bedrooms, 7 bathrooms. It has been listed on Rocket Homes since September 18, 2024 and is currently priced at $7,950,000.

While more than 12 listings in Santa Barbara, CA in September 2024 were sold above asking price, there were more than 11 listings sold at asking price, and more than 49 were sold below. Between August 2024 and September 2024, Santa Barbara, CA real estate market has seen increase in the number of listings by 5.5%. In September 2024, listings were on the market for 51 days. During the same period, the median list price in this real estate market was $2,144,883.

From Rocket Homes Real Estate and based on county public records data.

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