Montecito Real Estate Update - Latest Weekly Trend

February 22, 2024

The Montecito real estate market currently has 49 actively listed properties, 3 of which are newly listed, 2 closed properties, 2 pending properties, and 2 coming soon.

Here are the 3 New Listings:

• This genuinely stunning Mediterranean-style home at 1038 Ladera Lane offers ocean, mountain, and city views. With over +/- 4,000 sq ft the house is set on 5 usable acres. Renovated in 2010, the home features a new kitchen with granite counters, a large center island, and travertine floors. This 4 bedroom, 5 bathroom features a formal living room and dining area, meditation room, home office, newer heating systems, A/C, shared private well & Montecito water meter, pool, red tile roof, and so much more. This is a one-of-a-kind masterpiece for the deserving buyer. Offered at $4,300,000.

• Conveniently located at 909 Chelham Way, this newly renovated property has modern features and luxe finishes while preserving its historic character. It offers 3 bedrooms and 3.5 bathrooms. Terraced sandstone walls, wrought iron details, red tile roof, stone patios, French doors, and a gorgeous garden with numerous outdoor seating areas and a gas fire pit equal indoor-outdoor perfection. The home's upper level features a magnificent living room with vaulted wood beamed ceilings and a grand fireplace, a formal dining room, a high-end custom kitchen, restored windows and French doors, 2 bedrooms with en-suite bathrooms, and a lovely powder room. The lower level offers a separate media room, spacious bedroom, full bathroom, laundry, and generous closets. It is on a quiet lane and is walkable to Cold Spring School, Westmont College, and Lotusland. Offered at $3,995,000.

• This classic ranch-style home at 734 El Rancho Road is set on just under 1 acre with a 1958 charm and flexible floor plan. To ensure comfort and convenience, this home has had recent updates, including paint, landscaping, drainage, and a heater system. The converted garage presents a versatile future ADU space ideal for guests or a flex space for hobbies. Located in the esteemed Cold Spring School District, this property provides an exceptional opportunity while offering proximity to Montecito's Upper & Lower Villages, Hale Park, and beaches. Take your chance to make this coveted address your own and enjoy the prospect of creating a personalized home tailored for you. Offered at $3,595,000.

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: February 12th - February 18th

49 Active Listings

Listing & photo courtesy of Berkshire Hathaway Home Services & the MLS.

3 New Listings

Listing & photo courtesy of Village Properties & the MLS.

4 Closed Listings

Listing & photo courtesy of Village Properties & the MLS.

2 coming soon

Listing & photo courtesy of Compass & 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!