Montecito Real Estate Update - Latest Weekly Trend

February 5, 2025

The Montecito real estate market currently has 84 actively listed properties, 6 of which are newly listed, 10 closed listings, and 7 pending properties.

Two of our Favorite New Listings:

Experience life of luxury and relaxed sophistication at 2794 Bella Vista Dr. where breathtaking coastal views and impeccable design converge. This stunning Spanish Colonial-style estate, meticulously renovated with state-of-the-art features, boasts panoramic vistas of the ocean, islands, and mountains from its serene and private setting. Just moments from premier amenities, the property comprises a majestic 5-bedroom, 7-bathroom main residence and a charming 1-bedroom, 1-bathroom guest house. The custom remodel showcases exquisite premium finishes, including French white oak floors, customized marble, wood beam ceilings, and refined archways. The lavish primary suite is a serene retreat, complete with a private ocean view patio, en-suite bath, versatile room, and expansive closet. The gourmet kitchen is equipped with top-of-the-line appliances, custom cabinetry, a generous island with counter seating, and custom steel bi-fold and French doors that seamlessly blend indoor and outdoor living. The expansive +/- 3.48-acre property is a true oasis, featuring a spacious patio with a custom fireplace, outdoor kitchen, and al fresco dining area that overlooks an awe-inspiring infinity pool and spa. Meandering pathways wind through a vibrant orchard to the sports court and emerald lawn, creating endless opportunities for recreation and relaxation. Additional amenities include a private well, back-up generator, two 2-car garages, and an outdoor shower. This extraordinary estate offers the ultimate blend of privacy and convenience within a stunning natural setting. Located just moments from charming boutiques, renowned hiking trails and world-class beaches it provides effortless access to the best of coastal living while maintaining utmost seclusion. Offered at $14,500,000.
Tucked away in Montecito's coveted Hedgerow neighborhood, this stylish single-level contemporary estate at 135 Pomar Lane offers understated sophistication and effortless living. Behind mature hedges, the fully remodeled 3-bedroom, 2.5-bathroom home boasts lush landscaping, sprawling lawns, and majestic oaks. Inside, elevated interiors feature high ceilings, an incredible kitchen, and meticulous details. The open yet intimate floor plan includes French Oak wide plank floors, new interior doors and windows, and multiple skylights. A commanding custom fireplace, enviable bar with wine refrigerator, and chef's kitchen with top-of-the-line appliances create a warm and inviting atmosphere. The spacious primary suite enjoys garden views, French doors to a private patio, and a luxurious en suite bathroom. Step outside to discover a picturesque setting for al fresco gatherings centered around the custom outdoor fire pit near a peaceful water fountain. Located within the Montecito Union School District and moments from Miramar Beach and Coast Village Road shops and restaurants, this impeccably turnkey oasis offers the perfect blend of relaxation and recreation. Imagine waking up to serene sunset walks on Miramar Beach or enjoying spontaneous morning swims - the beach becomes an extension of your home. Offered at $5,795,000.

In our ongoing effort to provide comprehensive and up-to-date information, we are introducing a new rental listings section for Montecito as part of our current market update. This addition will allow us to better serve our users and offer a more complete picture of the local rental market.

Recently, there have been 8 new rental listings in the Montecito area. These listings include a variety of properties, ranging from luxurious estates to charming cottages, ensuring there is something for every taste and budget.

Our Favorite New Rental Listing:

Perched in the serene hills of Montecito, this stunning Contemporary estate at 974 Park Lane offers a private retreat on 2.23 acres with breathtaking 270-degree ocean views. A gated approach sets the tone for exclusivity and privacy, while two beautifully appointed guest houses blend indoor and outdoor living through expansive sliding glass doors. The primary guest house features soaring ceilings, an outdoor shower, and an indoor/outdoor kitchen overlooking the ocean. The second guest house offers a cozy retreat with a sun-drenched bedroom, queen bed, full-size bunk beds, full bath, kitchenette, and luxurious steam room. At the estate's heart is a resort-quality heated pool and hot tub, surrounded by luxe outdoor furniture and custom stone terraces. An outdoor fireplace and al fresco dining space make entertaining effortless. Meandering garden pathways lead to peaceful hideaways amidst mature specimen oaks, fruit trees, and seasonal creeks. Just minutes from Miramar Beach, Rosewood Miramar Resort, and Montecito's finest dining and shopping destinations, this estate offers luxury and adventure. With nearby trails providing world-class hiking and biking experiences, this private sanctuary is where contemporary elegance meets Montecito's coastal beauty. This incredible opportunity is now available for lease with flexible terms starting February 2025. Offered at $28K per month. To inquire about booking or learn more about this exceptional property-please contact the listing agent.

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.