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Montecito Real Estate Update - Latest Weekly Trend

April 27, 2023

Last week in Montecito, there was an uptick of properties added to the market - with a total of 8 new listings. 4 sales went pending, 3 sales closed, and there were a total of 37 properties for sale.


New Listings:



  • 673 Cold Springs Road is a 3 bedroom, 2 bathroom home privately located near Cold Springs School. The +/- 1,743 square foot home sits on 1.17 acres and has high vaulted ceilings, an open concept, floor-to-ceiling windows, and a generously spaced primary bedroom. In addition, there are mountain views and a private outdoor deck. Offered at $3,395,000.

  • Newly added to the market is 256 Butterfly Lane, a charming 3 bedroom, 2 bathroom, single-story cottage with +/- 1,635 square feet that sits on a +/- .29 acre lot. Features include a great room with high vaulted ceilings, a wall of windows, and a spacious outdoor space with historic gardens. Offered at $4,150,000.

  • Located near Montecito’s Lower Village is 1530 Miramar Lane, a +/- 2,446 square foot, 4 bedroom, 4 bathroom Spanish-style home that offers a versatile floor plan. Features include French doors, skylights, and picture windows for optimal lighting. Additional features include wood floors, a spacious outdoor space, and 1 bedroom/ 1 bathroom guest house. Offered at $4,295,000.

  • 645 Olive Road is a charming 4 bedroom, 7 bathroom home with +/- 5,242 square feet. Upon entering the property, you’ll find wood floors, a spacious kitchen, and a large primary suite with tall ceilings. Outside features include expansive lawns, a brick-paved courtyard, colorful gardens, and a pool & spa. Offered at $9,995,000.

  • 675 Olive Road is an lovely 2 bedroom, 2 bathroom Montecito cottage with +/- 1,904 square feet. The extensively renovated home has wood floors, high-vaulted ceilings, and fresh painted walls and ceilings. The charming kitchen includes unique finishes and tiles that tie in with the fireplace tile. Sitting on 1.34 acres, the property includes large lawns, a bocce court, and fruit orchards. Offered at $4,995,000.

  • 645 & 675 Olive Road are adjoining parcels with 2 separate residences. The compound is offered at $14,990,000.

  • 2222 East Valley Road is an incredible private Mediterranean home built by Becker Studios. The 5 bedroom, 6 bathroom home has +/- 5,098 square feet, and features tall ceilings with exposed beams, unique tiling, and a spacious kitchen with a large island and unique fixtures. The outdoor space includes a patio with a fireplace and built-in BBQ, a pool & spa, a bocce court, and beautiful gardens & lawns. Offered at $8,895,000.

  • 550 Freehaven Drive is an incredible European-style estate with views of the ocean, islands, and mountains. With a total of 5 bedrooms, 7 bathrooms, and +/- 8,117 square feet, the estate offers lush gardens and lawns, elegant arched hallways, and a large kitchen with exposed beams & a large center island. In addition, there’s a pool house, wine cellar, an elevator, and a primary suite has a private terrace. Offered at $21,750,000.



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: April 17th - April 23rd



Listing & photo courtesy of Berkshire Hathaway & Sotheby's International Realty & the MLS.




Listing & photo courtesy of Village Properties & the MLS.



Listing & photo courtesy of Berkshire Hathaway HomeServices & the MLS.




Listing & photo courtesy of Berkshire Hathaway HomeServices & the MLS.





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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