Montecito Real Estate Update - Latest Weekly Trend
August 28, 2024
The Montecito real estate market currently has 91 actively listed properties, 6 of which are newly listed, 2 closed listings, 3 pending properties, and 1 coming soon listing.
Three of Our Favorite New Listings:
Embark on a luxurious journey to the prestigious "Golden Quadrangle" in Montecito, where 796 Hot Springs Rd awaits as a haven of elegance and serenity. This exceptional ocean and mountain-view property offers an unparalleled gateway to the vibrant Montecito community, surrounded by its breathtaking natural beauty. Nestled within a beautifully landscaped and gated acre, this distinctive single-level residence boasts four bedrooms, impeccable architecture, and abundant style and privacy. The interior design exudes sophistication and warmth, featuring a superbly appointed kitchen, expansive entertaining spaces, and a primary suite that epitomizes indulgence with its spa-like retreat. A dedicated guest suite with separate entry and two additional bedrooms/office/gym cater to the needs of family or friends seeking privacy. Here is your rare opportunity to experience life at its finest, enveloped by the stunning vistas, natural splendor, and warm ambiance of Montecito and the captivating Central Coast. Offered at $10,900,000.
Discover the epitome of coastal living at 1395 Virginia Road, an exceptional vacation home on one of this coveted neighborhood's largest lots. Adjoining renowned establishments such as The Biltmore, Coral Casino, and Miramar Hotel, this stunning property embodies luxury and sophistication. Thoughtfully renovated to merge casual elegance with indulgent amenities seamlessly, this move-in-ready residence offers a versatile floor plan that accommodates 4 or 5 bedrooms and 4 bathrooms in the main house, complemented by a detached 1 bedroom/1 bathroom cottage. The sprawling outdoor space is a private oasis, featuring a fully fenced and hedged landscape complete with gated off-street parking, electric vehicle charging stations, an expansive outdoor kitchen and dining area with a side fireplace, water features, a fire pit, a massive spa, loungers, a covered patio, and breathtaking natural light. Expertly designed lighting and heating systems ensure that every moment can be enjoyed thoroughly. Previously owned by professional surfer Lakey Peterson, this extraordinary property may bring you good fortune in your pursuits – on or off the waves. This rare opportunity offers a lifestyle of unparalleled luxury, privacy, and tranquility amidst the stunning coastal scenery of Montecito's premier neighborhood. Offered at $7,295,000.
Discover the elegance of 2775 E Valley Road, a breathtaking resort-like property in Montecito's most prestigious neighborhood. This magnificent 4-bedroom, 3.5-bathroom estate spans 3,598 square feet and is privately set on a lush one-acre parcel. The serene landscape is dominated by towering oak and eucalyptus trees, verdant foliage, and majestic palm trees that lead to the stunning Spanish hacienda.The resort-like setting boasts an impressive tennis court, a three-car garage with a motor court, and a sprawling backyard featuring an outdoor fireplace, a flagstone patio, and ample space for a pool and auxiliary structures. The grounds offer multiple possibilities for further development, creating a unique opportunity for discerning buyers seeking exclusivity and tranquility.Inside, the airy and tranquil interiors are bathed in gentle sunlight. They have creamy walls, beautifully refinished hardwood floors, and panoramic mountain views framed by wide windows. A fluid floor plan encourages effortless movement throughout the home, featuring an elegant dining room, a living room with a fireplace and bay window, and a spacious kitchen outfitted with top-of-the-line appliances.The adjacent breakfast area offers iron French doors to the romantic setting beyond. The main level also includes: a serene family room, a guest suite with private entry, an office or sitting room. Upstairs, the primary suite and office/enjoyment space boasts generous proportions and stunning mountain views. Two additional bedrooms and a shared bath accompany them. Located just moments from downtown Montecito, the polo fields, Summerland, and multiple beaches, this timeless estate offers an enviable lifestyle enhanced by its distinguished location. With boundless potential for further development and customization, 2775 E Valley Road presents a rare opportunity to own a piece of Montecito's rich history and breathtaking natural beauty! Offered at $5,650,000.
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: August 19th - August 25th
Listing & photo courtesy of Berkshire Hathaway Home Services & the MLS.
Listing & photo courtesy of Berkshire Hathaway Home Services & the MLS.
Listing & photo courtesy of Berkshire Hathaway Home Services & the MLS.
Listing & photo courtesy of Goodwin & Thyne Properties & 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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