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2323 Foothill Lane
Santa Barbara, CA 93105
Colleen Beall with Compass, original listing - (805) 253-7700
$4,950,000
Conventional
Property
Bedroom
3
Bathroom
Full: 5
Property Type
Conventional
Square ft
3254 Square Feet
Property Description
Once in a generation opportunity to purchase this renovated adobe hacienda in the coveted close to town yet rural feel of Mission Canyon east. The heart of the home is anchored by the central courtyard with its curated entertainment areas, stone fireplace, relaxing Spanish style fountain, striking plantings, hidden reading nooks and built in barbecue. Step inside the adobe to experience the golden glow of authenticity, comfort, quality construction, impeccable design choices, and easy living. This home is ideal for compound living with the single level hacienda on the main floor. A 2004 remodel of the adobe included a significant addition that won the TSP Green Building Award for Best Sustainable Project 2004. The addition expanded the main floor adobe and created two other vertically stacked living areas. On the lowest level of the addition is the stunning stoneclad 1700 sq. ft. open floor plan "Stonehouse" casita. With its large living room with fireplace, open kitchen area, 2 baths and spacious bedroom. It is ideal for guests or family and can be accessed through the main home or via a separate entry driveway. In between these two separate living areas there is a spectacular two story high open floor plan Studio. The versatile Studio has gorgeous beamed ceilings, wood floors, ample art wall space, bathroom, closet or storage area and a nanodoor accessing a half circular balcony capturing views up and down the canyon with incredible sunset and remote ocean views. Inspired by Lotusland the home is set in lush landscaping, winding stone paths, gently splashing fountains, specimen succulents, artistic surprises, and drought-tolerant plants, offering a private oasis of tranquility. It is dotted with potting sheds, and accessory structures for storage or workshop. The entire house is solar powered, and built and sited for passive heating and cooling. The addition has radiant floor heating and is well insulated utilizing tiers of stone clad levels resulting in very thick walls and visual integration into the site. The neighborhood is 5 minutes from downtown and shopping yet offers oak dotted hillsides, natural canyons, and glorious mountain and ocean views. It is beloved for its walking, cycling, and a laid back lifestyle. The Rose Garden, Sheffield dog park, Parma Park, Rocky Nook Park, the Botanic Gardens and the Natural History Museum are gathering places for the neighbors. Avoid the freeway and settle down to relax and enjoy your new better life.
Property Information
Lot Size
1 acre(s) square ft
Property Type
Residential-Single Family Residence
Year Built
1943
MLS Number
--
Location
Address
2323 Foothill Lane
City
SANTA BARBARA
State
CA
Zip Code
93105
County
SANTA BARBARA (SOUTH)
Listing
Name
Phone
(805) 895-5881
Office Name
Office Phone
(805) 253-7700
Agent Name
Colleen Beall
Agency Phone
(805) 253-7700

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As the market settled after the mortgage meltdown foreclosure listings also settled and fewer homes were on the market with a placard reading “Bank Foreclosure” in big red lettering. This was a good thing for the entire real estate market. Having an abundance of foreclosures brings the entire market down and it makes it harder for home owners, who would like to move, to get the appropriate price for their home as a similar home down the same street was sold for substantially less and the appraiser is using the foreclosure as a comparable sale. This is just one of the problems when there are too many foreclosure listings in any area. Another issue is the television set that sits in everyone’s living room harping about the price of homes based on the number of foreclosures and this constant barrage of negative information makes most people sit on the sidelines waiting for the market to either implode completely or to correct itself. Meanwhile while they wait, others are buying foreclosure listings and making great investments. Whatever the reason, a market can only handle so many foreclosure listings at any given time. The more foreclosures, the lower the market gets and this is a lesson the banks that were foreclosing and selling off realized too late. The market and their investments would have been better off if there had not been a rush to divest themselves of the toxic assets made more toxic by their own actions.