$1,085,000•1/8 Ownership
$8,680,000
1131 Las Alturas Rd, Santa Barbara, CA 93103 USA
1131 Las Alturas Rd, Santa Barbara, CA 93103 USA
The open concept floor plan is anchored by a great room with a sleek gourmet kitchen, dining and lounge area. They open to either a private, Pacific-view terrace just steps from the pool or a walled, gated garden with mountain vistas.
A distinctive architectural wood, steel and glass stairwell connects the home's levels. The main level primary suite is a relaxing space with a zen-like en suite bathroom and opens to the pool terrace. An additional suite can be used as a bedroom or office. A rooftop terrace with a wet bar is adjacent to the secondary primary suite. A fourth bedroom with a full bath and fireplace is located on its own level with access to a garden terrace. The home comes fully furnished and professionally decorated.
How we priced this 1/8 share
We give our homes a full design makeover, manage all aspects of LLC formation, and find qualified owners.
| Purchase PriceWhole home: $7,250,000 | $906,250 |
| Upgrades, Taxes, and ClosingInterior design, furnishings, inspection, title & applicable taxes | $62,500 |
| Pacaso Service FeeBuyer aggregation & legal | $116,250 |
| Total 1/8 OwnershipWhole home value: $8,680,000 | $1,085,000 |
Flexible ownership
Make your move, on your terms
Whether you own a Pacaso or a whole second home, we make it easy to move or sell when you're ready.
Transfer
Love co-ownership, but decide your Pacaso isn't the perfect fit? Forget buyer's remorse. Within your first year of ownership, you can transfer to another Pacaso that better suits your needs, hassle-free.
Resale
Time to move on? After 12 months of ownership, you can set your price, tap into our marketplace of buyers, and sell quickly and easily. On average, Pacaso listings resell in less 10 days, with a 10% gain.
Selldown
Own an amazing second home, but don't use it very often? Sell part of your home to Pacaso, and keep the amount of ownership that's right for you, from 1/8 to 1/2. Leave the management to us!
Connect with our Crew
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More homes to consider
Understanding ownership costs
Know the bottom line before you buy. No hidden fees, no surprises, no monthly markups.
Courtesy of - Tyler Mearce, Sotheby's International Realty
Whole home list price: $7,250,000
All listings are represented by licensed independent brokerages.