Montecito Real Estate Update - Latest Weekly Trend

March 8, 2023

Last week we experienced an uptick in inventory, with 35 active listings in Montecito. There were 3 new listings and no closings. 1 sale went pending, and 1 property was reduced in price.

New Listings:

• Newly listed on the market is 47 Seaview Drive, offered at $3,395,000. Located within the exclusive and gated Montecito Shores, this second-floor unit features tall ceilings, floor-to-ceiling windows, and a bright and modern kitchen. With +/- 1,944 sq ft, the unit has 2 bedrooms and 2 bathrooms. Other features include a community pool, spa, clubhouse, tennis courts, and direct access to the beach.

• 871 Deerpath Road is a lovely and spacious single-level home at the top of a cul-de-sac in the Eucalyptus Hill neighborhood. The main residence has 4 bedrooms, 2.5 bathrooms, and features a chef’s kitchen, high-end finishes throughout, a spacious living room, a great room, and more! The backyard has a large patio and lawns, perfect for entertaining! The fully permitted ADU is complete with 2 bedrooms, 1 bathroom, a kitchen, and a separate yard space. Offered at $5,995,000.

• 850 Romero Canyon Drive is an incredible Mediterranean estate on 1 acre with a total of 5 bedrooms and 8 bathrooms between the main residence and the detached guest apartment. Features of the main house include tall cathedral ceilings, french doors throughout, patios, a private panoramic view office, a basement with a large game room, and a wine cellar. The large and spacious outdoor space features a pool and spa, a pool cabana, a bocce court, views of the ocean and mountains, and much more! Offered at $11,250,000.

Are you interested in hearing about off-market opportunities in the Montecito area? Let’s connect! We have knowledge of off-market listings on a regular basis.

Market Recap: February 27th - March 5th

35 Active Listings

Listing & photo courtesy of Coldwell Banker Realty & the MLS.

3 New Listings

Listing & photo courtesy of Berkshire Hathaway & the MLS.

1 Pending Sale

Listing & photo courtesy of Village Properties & the MLS.

1 Price Reduction

Listing & photo courtesy of Village Properties & the MLS.

If you would like the same statistics for surrounding areas such as Carpinteria, Summerland, Santa Barbara, Hope Ranch & Goleta, please contact us!