Montecito Real Estate Update - Latest Weekly Trend

April 16, 2024

The Montecito real estate market currently has 52 actively listed properties, 6 of which are newly listed, 2 closed properties, and 3 pending properties.

Four of our Favorite New Listings:

Located in Montecito’s ‘Golden Quadrangle,’ 796 Hot Springs Rd, offers exceptional ocean and mountain views with beautifully landscaped grounds. Set on a gated +/- 1-acre residence, it is a haven of style and privacy, providing an ideal backdrop for relaxation and entertainment. This single-level estate offers 4 bedrooms and 3.5 bathrooms with a stylish and functional floor plan. The primary suite offers a retreat from everyday life with a spa-like bathroom, and the 2 additional guest suites ensure ha. With an open kitchen, living room, and dining area, this effortless flow provides the perfect setting for hosting dinners. The interior also has expansive windows and skylights that give natural light. Outside, the soothing sound of fountains is ideal for a relaxing atmosphere. The property basks in ocean and mountain views with easy access to Montecito’s Upper Village dining and boutique shopping. It is just moments from outdoor activities like hiking, biking, sailing, and surfing. Offered at $12,400,000.
Enchanting ultra-private estate located at 2775 Sycamore Canyon Rd in the heart of Montecito in the highly sought-after Cold Spring School District. Enter the gated 1+/- acre property, and you will find not only one, but two inviting homes providing a modern compound on the manicured park-like grounds designed for entertaining and serenity. The charming single-level main house with a new roof includes 2 bedrooms + loft and 1 bathroom, a remodeled kitchen with Bosch appliances, vaulted ceilings, and a cozy living area with a fireplace. The home overlooks the sprawling parcel, complete with multiple outdoor seating areas, including a large entertainment patio with a built-in BBQ, outdoor fire pit, planter beds ready for full bloom, putting green, generous motor court, and additional structure perfect for a flex space for an office, art studio, or exercise room. Elevating the property even further, the grounds are complete with a brand new 2 bedroom, 2 bathroom home (ADU) finalized in 2024 with 10 foot high ceilings, a gourmet kitchen complete with a Wolf stove and Miele appliances, HALO water filtration system, A/C, custom made white oak cabinets, and open-plan living room with an electric fireplace and bifold Euroline steel doors designed for seamless indoor/outdoor living leading out to the covered patio. The home features spacious bedrooms, spa-like bathrooms, and large closets with custom built-ins. No detail was missed with solar panels on the roof and an expansive detached +/- 750 sq. ft. 2.5-car garage with a 60 amp receptacle for a car charger and private laundry area. The ADU was built with a vision for multigenerational living, and while both homes are move-in ready, there is plenty of room to make your own vision come to life by expanding upon the main residence to create your dream home. This property includes many unseen site improvements, including a new underground electrical pole to a 400 amp panel in the trash enclosure providing 200 amp to the ADU and 200 amp at the main house, a new sewer lateral with 2 backflow devices, all new underground sewer, and new underground gas and water lines. Privacy coupled with proximity, the property is close to the Montecito villages, hiking trails, beaches, shopping, fine dining, and all that Montecito has to offer, making it the ideal place to call home. Offered at $6,750,000.
This charming Montecito classic is located at 170 Butterfly Lane; the Spanish bungalow is set on almost +/- half an acre in an A+ location just moments from Montecito's lower village and Butterfly beach access. The red tile roof, richly textured stucco walls, teal doors and windows, and wrought iron accents lend a centuries-old authenticity to this charming oasis. Stylized archways welcome you into the interiors, with Oak floors, beamed ceilings, and colorful tiling. A formal living room is anchored by a large fireplace with French doors leading to the exteriors. The primary suite opens to a private covered patio with a sizeable walk-in closet and luxurious bathroom. A sun-drenched backyard with a 30-foot pool, specimen trees, and dining and entertaining patios puts the focus on an outdoor lifestyle. Your next chapter starts here! Offered at $6,195,000.
1122 Camino Viejo Rd is located in the heart of Montecito; this single-level private home and tranquil retreat is situated on a +/- .87 private and park-like lot. The estate offers a 3 bedroom and 3.5 bathrooms. The living and dining room with a bar transitions into a large open kitchen/family room with glass walls and French doors to the Garden Oasis. The yard features an outdoor kitchen and patio dining. The Terrace, with a fire pit and in-ground dipping pool, is perfect for entertaining. It is beautifully landscaped with mature fruit trees, wisteria, and roses. Direct access from a generous 2 car garage with built-in storage cabinets and an additional 2 carport. Excellent location with easy access to Upper and Lower Villages and downtown Santa Barbara. Offered at $5,200,000.

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