Estate Offerings in Montecito

By Mark Hunt   |   February 27, 2020

2018 and 2019 saw solid years for sales in the $10,000,000+ range. In 2019 there were 10 homes that sold over $10,000,000 in the Montecito, 93108 zip code, and 14 over $10,000,000 if you include homes sold in the Padaro Lane area. In 2018 there were seven sales in Montecito over the $10,000,000 price point. And this year we have not yet seen any closed sales in Montecito over $10,000,000, although there are two properties over $10,000,000 currently in escrow.

As of the writing of this article there are approximately 24 properties for sale above $10,000,000 in the Montecito area. At this price point one can expect a larger home (often 8,000 to 10,000 square feet or more), an acre of land or more (unless it’s a beachfront home then a full acre is rare indeed). Also one can expect ocean views, parking for guests, a pool and spa, a guest house, sometimes a tennis court and pavilion and even more amenities depending on the estate listing.

Most homes over $10 million include two or more stories and grand staircases, long driveways, gates and more. These are the homes most people dream about… and yet for some, a $10 million or $15 million estate might be just a second home for weekends and holidays. This is where the differences in needs and tastes comes into play. What style of architecture does one want? What location in town? Are ocean views critically important? It is in these details that one can get lost deciding between one lottery winning fantasy home and another. Here are four options of Montecito estates for sale in the $10,000,000+ category for you to consider.

1050 Cold Springs Road – $11,950,000

Crafted from a singular vision, this estate at the top of Cold Springs Road is known as Ca’ di Sopra (meaning ”House Above the Clouds”). This is a modern-day heirloom estate embracing the style, design and romance of the Golden Age of architecture from the early 1900s.

This revitalized Mediterranean residence is located on a prominent lane among other world class estates, and stands as an enviable property with ocean views, impressive attention to detail and mature landscaping.

The house includes seven bedrooms and a total of eight bathrooms in 12,500 +/- square feet of living space. There is central air conditioning, Montecito water, and a well in place. Ca’ di Sopra is located within the Cold Spring School District.

1475 East Mountain Drive – $13,900,000

This estate is nestled on nearly two lush acres in the heart of Montecito’s upper village on prestigious East Mountain Drive. The home is a stone’s throw from the San Ysidro Ranch hotel and is within the Montecito Union School District. Enjoy ocean, island, and mountain views.

Rebuilt in 2014 by Giffin and Crane, and perfected by Harrison design, this Mediterranean estate is a study on beauty, luxury, design, and indoor/outdoor living. No stone was left unturned. This estate features vast verandas, covered terraces, pool, north/south tennis court, organic orchard, and gardens (aided by two wells).

There is a media room, wine cellar, gym, luxury guest accommodations, and more in the over 11,000 square feet of living space.

743 San Ysidro Road – $15,800,000

Casa Leo Linda is a classically designed estate set on approximately 2.7 acres just a short block or two from the upper village shops and the San Ysidro Ranch. You know you have arrived as you drive through your own gates and up the long private driveway leading to the landscaped gardens and motor court.

The home features over 8,500 square feet of living space. There is a pool, cabana, tennis court, and a dog run. Homes on San Ysidro Road are located within the Montecito Union School District.

Situated among homes of similar and even higher prices, there is a feeling of peace and serenity here, with the home offering glimpses of the Pacific, stunning mountain views and the sounds of birds singing and frogs warbling in the koi pond and garden surrounding.

975 Lilac Drive – $16,900,000

Ocean views, timeless architecture, and world-class craftsmanship coalesce in a magical Montecito location. Designed by Marc Appleton and built by Unander Construction, Villa Ravello is an estate of over 10,000 square feet of living space that offers understated elegance and a sense of sophistication on a lovely 2.62-acre lot.

Long site-lines showcase thoughtful details throughout the home. Nearly every room in the residence opens to a terrace offering different views of natural beauty; the sea, mountains, lacy oak trees, or lush lawns.

The guest house is ideal for extended visitors and the pool/cabana calls for fun. A detached office is perfect for focusing on business or creative ventures. This home is located within the Montecito Union School District.

For more information on any of these listings or to have me arrange a showing with the listing agents, please contact me directly, Mark@Villagesite.com or call/text 805-698-2174. Please view my website, www.MontecitoBestBuys.com, from which this article is based.

 

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