Montecito Real Estate Update - Latest Weekly Trend

February 13, 2025

The Montecito real estate market currently has 84 actively listed properties, 8 of which are newly listed, 3 closed listings, and 6 pending properties.

Two of our Favorite New Listings:

Perched on prestigious Picacho Lane, this stunning ocean-view estate at 857 Picacho Lane, embodies the perfect blend of architectural elegance and natural beauty. As you approach the property, a meandering driveway sets the tone for a serene and private retreat. The residence itself is a masterpiece of design, with an inviting entry porch that beckons you to linger over morning coffee or cozy up by the fire on chilly evenings. Inside, sophisticated style meets playful charm, creating a unique and timeless atmosphere that elevates everyday living. Each room is a testament to thoughtful design, with flexible spaces that adapt to your needs - whether you're working, playing, or entertaining loved ones. The elevator ensures effortless navigation throughout the home, making it an ideal haven for all stages of life. The estate also features two charming ancillary structures: a beautiful guest house perfect for hosting friends and family, and a quaint cabin ideal for fitness enthusiasts or creatives seeking inspiration. With its impeccable design, stunning ocean views, and lush grounds, this estate offers everything you could desire - and more. Offered at $22,500,000.
Tucked away on the prestigious Hodges Lane in Montecito, this captivating estate at 504 Hodges Lane presents a rare opportunity to own a private sanctuary mere moments from the charming Upper Village. Behind the lush, garden-lined fences, a beautifully reimagined 1940s cottage and guest house blend seamlessly, combining timeless charm with modern luxury. The main residence, a serene one-bedroom, one-and-a-half-bath retreat, features a cozy fireplace in the bedroom and French doors that open onto a secluded garden oasis. The separate two-bedroom, two-bath guest house boasts an expansive living room with its own fireplace and an elegant side bar, perfect for entertaining friends and family. Surrounded by hand-cut stone walls, mature fruit trees, and vibrant gardens, the property offers an array of shared and private patio spaces, leading to a stunning Hamptons-style pool and spa. Expansive lawns and an abundance of natural light create an effortless indoor-outdoor lifestyle, ideal for alfresco dining under the stars or leisurely strolls to Montecito's finest restaurants just minutes away. This newly renovated compound in the heart of the Upper Village is a true gem, offering the perfect blend of privacy, luxury, and convenience. With its unique charm and exceptional amenities, this property is an opportunity not to be missed. Your private paradise awaits – where every day feels like a serene escape from the world. Offered at $5,895,000.

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 are 11 active 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:

Welcome to your very own Shangri-La, located on Oak Springs Lane, an exclusive, one-level home set within a private, gated oasis. This serene retreat offers the ultimate in seclusion, where tranquility and luxury harmoniously blend to create a peaceful sanctuary. Step inside and be greeted by an open, airy layout, ideal for both relaxation and entertaining. The beautifully landscaped grounds feature multiple fountains and a variety of fruit trees, adding to the enchanting atmosphere. Culinary enthusiasts will appreciate the chef's kitchen, complete with high-end appliances and stunning agate tile accents throughout the home. The grand primary suite and two ensuite bedrooms provide ultimate comfort and privacy, while three cozy fireplaces—including a captivating fire pit—set the perfect mood for starry evenings. This incredible opportunity is now available for lease with flexible terms starting February 2025. Offered at $55K 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.