848 Hot Springs Rd
Montecito, CA 93108
5 bd 5 ba 11,947 sqft Built 2014 Lot 106,722 sqft single_family
Most recent sale
$20,950,000
Feb 24, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Aug 25, 2022 | Sold | $36,000,000 | Public Record |
| Feb 24, 2022 | Sold | $20,950,000 | MLS #21-718658 |
| Jan 21, 2022 | Listed | $21,500,000 | MLS #21-718658 |
| Jan 13, 2022 | Listed | $21,500,000 | MLS #22-97 |
| Oct 19, 2021 | Price changed | $19,995,000 | MLS #21-1323 |
| Apr 13, 2021 | Listed | $24,850,000 | MLS #21-1323 |
| Jun 1, 2020 | Listed | $29,000,000 | MLS #20-1529 |
| Oct 18, 2019 | Listed | $29,000,000 | MLS #19-3602 |
| Sep 10, 2010 | Sold | $5,800,000 | Public Record |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2025 | $28,090,800 | $9,363,600 | $37,454,400 | $388,360 |
| 2024 | $28,090,800 | $9,363,600 | $37,454,400 | $381,188 |
| 2023 | $27,000,000 | $9,000,000 | $36,000,000 | $374,072 |
| 2022 | $10,079,520 | $5,546,024 | $15,625,544 | $164,154 |
| 2021 | $9,881,883 | $5,437,279 | $15,319,162 | $160,712 |
| 2020 | $9,780,557 | $5,381,527 | $15,162,084 | $159,123 |
| 2019 | $9,588,782 | $5,276,007 | $14,864,789 | $155,584 |
| 2018 | $9,400,767 | $5,172,556 | $14,573,323 | $152,576 |
| 2017 | $9,216,439 | $5,071,134 | $14,287,573 | $149,877 |
| 2016 | $9,180,000 | $4,590,000 | $13,770,000 | $142,904 |
| 2015 | $9,000,000 | $4,500,000 | $13,500,000 | $140,208 |
| 2014 | $3,900,000 | $4,803,055 | $8,703,055 | $91,322 |
| 2013 | $2,000,000 | $4,781,800 | $6,781,800 | $71,055 |
| 2012 | $1,326,000 | $4,590,000 | $5,916,000 | $61,779 |
| 2010 | $2,895,187 | $1,190,470 | $4,085,657 | $42,882 |
| 2009 | $2,902,065 | $1,193,299 | $4,095,364 | $42,928 |
| 2008 | $2,845,162 | $1,169,901 | $4,015,063 | $41,927 |
| 2007 | $2,789,375 | $1,146,962 | $3,936,337 | $40,698 |
Property facts
Year built
2014
Property type
single_family
Stories
—
Beds
5
Baths
5
Living area
11,947 sqft
Lot size
106,722 sqft
ZIP code
93108
City
Montecito
Street
Hot Springs Rd
Coordinates
34.44741, -119.64225
Comparable properties nearby
Investment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$125,700
Gross rental yield
7.20%
Implied cap rate
4.68%
Trend-extrapolated value
—
Frequently asked questions
When did 848 Hot Springs Rd last sell?
848 Hot Springs Rd most recently sold on Feb 24, 2022 for $20,950,000.
What is the current tax assessment for 848 Hot Springs Rd?
The most recent total assessment for 848 Hot Springs Rd (year 2025) is $37,454,400 with $388,360 in property tax.
How does 848 Hot Springs Rd's assessment compare to its last sale price?
The current assessment is 78.8% above the last sale price of $20,950,000.
When was 848 Hot Springs Rd built?
848 Hot Springs Rd was built in 2014.
How does 848 Hot Springs Rd compare to others on Hot Springs Rd?
We track 8 other properties on Hot Springs Rd. Browse the list under "Other properties on Hot Springs Rd" to compare beds, baths, and sale history.
What are the property facts for 848 Hot Springs Rd?
848 Hot Springs Rd is a 5 bed, 5 bath, 11,947 sqft, 106,722 sqft lot single_family.
Is 848 Hot Springs Rd a flip candidate?
Yes — 848 Hot Springs Rd appears in our flips dataset, indicating it sold twice within a short window with a notable price change.
Is 848 Hot Springs Rd a tax-appeal candidate?
No — 848 Hot Springs Rd is not currently flagged as a tax-appeal candidate.
Forecast for this area
ZIP-area linear projection — not a per-property automated valuationQuarterly trend
+9.5%
Implied 1-yr
+38.2%
2026 Q3
$11.21M
2026 Q4
$11.74M
ZIP 93108 — Median Price History + Forecast
Explore nearby
Geography
Other properties on Hot Springs Rd