Montecito Real Estate Update - Latest Weekly Trend
July 18, 2024
The Montecito real estate market currently has 75 actively listed properties, 3 of which are newly listed, 1 closed listings, no pending properties, and 1 coming soon listing.
Three of our Favorite New Listings:
Welcome to 670 Hot Springs Rd, a breathtaking ±10.5 acre estate in the heart of Montecito. This opulent haven invites you on an unforgettable journey, where every moment is a celebration of luxury and elegance. The property's rich history dates back to 1917, when renowned architect Francis T. Underhill designed the residence and Lockwood de Forest masterminded the breathtaking gardens. The classic layout of the estate exudes the sophistication of a European salon, offering a harmonious blend of art, conversation, and a life well-lived. As you meander through the meticulously restored gardens, you'll discover a treasure trove of diverse ecosystems and horticultural traditions. Each section is a testament to the property's century-long reverence, creating a unique tapestry of beauty and serenity. The newly restored residence, set against the backdrop of vast ocean and mountain views, is a true masterpiece. With its timeless charm and impeccable attention to detail, this exceptional retreat epitomizes the ultimate in Montecito living. Whether seeking a sanctuary for relaxation or a setting for grand celebrations, 670 Hot Springs Rd is a trophy property for the ages. Offered at $60,000,000.
Nestled on the pinnacle of Montecito, this extraordinary ocean-view estate at 1640 E Mountain Drive, presents a lifestyle of unparalleled luxury and sophistication. Bask in the breathtaking 360° views of the ocean, foothills, and Channel Islands, stretching from Malibu to the Santa Barbara harbor. This A+ address is also adjacent to the esteemed San Ysidro Ranch, renowned for its world-class dining, gardens, and spa, making it an exclusive and desirable location. The classic residence boasts a flexible floor plan, offering a variety of spaces that delight and inspire. Upon entering, a two-story atrium greets guests with a dramatic sense of arrival, setting the tone for the opulent spaces that follow. Gracious public areas flow seamlessly into the outdoors, promoting a seamless indoor/outdoor living experience. The primary suite, situated upstairs, features walls of glass that frame the stunning views of Montecito. The expansive flat grounds and multiple vantage points provide a variety of settings to soak in the sweeping collection of views. This exceptional Montecito estate, steeped in history and refinement, is the epitome of luxury family living, priced at $26,000,000.
Welcome to Lilac Manor, a breathtaking Cape Cod estate situated at 663 Lilac Drive on Montecito's most coveted street. Nestled on +/- 2.04 acres, this magnificent property boasts private walking trails, a dry rock creek, and meticulously maintained gardens filled with mature trees and rare plants that bloom year-round. As you step into the grand foyer with inlay hardwood flooring, you'll be greeted by an elegant living room featuring breathtaking views of the meticulously manicured grounds, stretching to the ocean and Channel Islands beyond. This estate offers a flexible floor plan with grand-scale public rooms, handcrafted millwork, and stunning red oak flooring throughout. The open kitchen is a culinary dream, equipped with top-of-the-line appliances, including a double-wide Gaggenau fridge/freezer, a massive center island with natural quartzite countertop, and overhead skylights. The space flows seamlessly into the formal dining room and family room, making it perfect for entertaining. The primary suite occupies an entire wing on the second floor, featuring a beautiful sitting area with a fireplace, private ocean-view balcony, a dressing room with a wet bar, and dual walk-in closets and bathrooms. Two additional ground-floor bedroom suites and a lower-level office/recreational area complete the main residence. Outside, the lush gardens offer a variety of amenities, including a charming one-bedroom cottage, a studio apartment above the garage with a private driveway, a sparkling crescent-shaped pool with a built-in spa, entertainment decks, and an outdoor kitchen under a wisteria-covered dining pergola. Meandering paths lead you through lush plantings and tree canopies to the lower level, featuring a treehouse, vegetable bed, secret garden in the woods, and the dry creek. Lilac Manor's privacy is assured with three gated entries and its location on a peaceful lane tucked away in Montecito. Conveniently situated near Montecito Upper Village shops, restaurants, and Birnam Wood Golf Club, this estate offers serenity with breathtaking ocean vistas and is a true garden lover's paradise. Offered at $12,500,000.
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: July 8th - July 14th
Listing & photo courtesy of Village Properties & the MLS.
Listing & photo courtesy of Village Properties & the MLS.
Listing & photo courtesy of Compass & the MLS.
Listing & photo courtesy of Sotheby's International Realty & the MLS.
*Please note that these links expire in 90 days.*
If you would like the same statistics for surrounding areas such as Carpinteria, Summerland, Santa Barbara, Hope Ranch & Goleta, please contact us!
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