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Montecito Real Estate Update - Latest Weekly Trend

June 12, 2024

The Montecito real estate market currently has 61 actively listed properties, 8 of which are newly listed, 3 closed listings, and no pending properties.

Three of our Favorite New Listings:

  • Reimagined with timeless design, this luxurious estate at 465 Hot Springs Road seamlessly blends old-world details with modern sophistication. The residence boasts 9 bedrooms and 14 bathrooms, including a separate guest house, as well as a luxurious theater. You’ll find captivating living spaces and lavish amenities that exude elegance and refinement. Outside, the expansive landscaping invites you to explore the wellness pavilion, pickleball court, botanical gardens, and sparkling pool and spa. This extraordinary residence is a private oasis in the heart of Montecito, perfect for both entertaining and unwinding in tranquility. Embark on your legacy at Monte Arroyo Estate, now available for $52,000,000.

  • Perched in the heart of Montecito's coveted Golden Quadrangle, 830 Picacho Lane unfolds like a storybook estate, exuding timeless European elegance and boasting alluring views of the surrounding mountains and sparkling ocean. This extraordinary property presents a 6-bedroom, 9-bathroom main residence, crafted with exquisite attention to detail and brimming with grand living spaces. The lush grounds, spanning 3.4 pristine acres, are a verdant oasis, punctuated by mature fruit trees, vibrant rose bushes, and meandering pathways that lead to a resort-style pool, tennis court, and organic garden. The 2-bedroom plus kitchen pool house and detached guest suite offer ample space for visitors to relax and unwind. A true jewel in one of California's most prestigious coastal locations, 830 Picacho Lane is offered at $39,425,000, a rare opportunity to own a piece of unparalleled luxury and sophistication.

  • Welcome to 1586 San Leandro Lane, a captivating Hedgerow estate that seamlessly blends modern sophistication with classic Spanish charm. Nestled within the heart of Montecito's most sought-after neighborhoods, this enchanting property spans over 1.3 acres of lush, verdant grounds, inviting you to step into a world of unparalleled beauty and serenity. Inside, the 4-bedroom, 3-bathroom, and 2-half-bathroom estate boasts high ceilings, arched doorways, and an abundance of natural light, creating a warm and inviting atmosphere. The open-concept kitchen and sitting room flow effortlessly to the covered terrace and enclosed pool garden, where built-in seating, a barbecue, and an outdoor shower await. The professionally landscaped gardens are a verdant oasis, featuring raised vegetable beds, fountains, ancient oaks, and numerous patios perfect for al fresco dining and entertaining. Behind the gates, a detached art studio/garage offers endless possibilities, while the flat, usable grounds can easily accommodate a future ADU/guest cottage or tennis court. This home is ideally located within moments of Montecito's finest amenities, including the beach, Upper and Lower Village, parks, hiking trails, and three top-rated schools, including the esteemed Montecito Union School District. Begin your Montecito journey here, in a setting of unparalleled beauty and tranquility. Offered at $8,950,000.

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: June 3rd - June 9th

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

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

Listing & photo courtesy of Village Properties & 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!


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