Montecito Real Estate Update - Latest Weekly Trend

November 4, 2024

The Montecito real estate market currently has 90 actively listed properties, 4 of which are newly listed, 2 closed listings, 4 pending properties, and 1 coming soon listing.

Three of Our Favorite New Listings:

• Welcome to 145 Olive Mill Lane, a beautifully designed home by renowned architect Jeff Shelton. This 3-bedroom, 3.5-bathroom property expertly combines artistic flair with practical living. Nestled in Montecito's Lower Village, the home boasts a serene courtyard and seamless indoor-outdoor flow, thanks to its numerous French doors. The interior features soaring ceilings, exceptional craftsmanship, and a striking Saltillo tile stairway with Shelton's signature metal banister. The primary suite, complete with an attached office, offers a peaceful retreat with lovely garden views. The property's lush, thoughtfully landscaped gardens by Isa Bird provide a perfect setting for relaxation and entertainment. The outdoor space includes a bocce ball court, built-in BBQ, and outdoor fireplace, making it ideal for gatherings. Additional features include a 2-car garage and approved plans for an ADU, allowing for both personal use and income generation within Montecito's short-term rental zone. This property offers an exceptional blend of artistic innovation, functional living, and a desirable location, making it an attractive opportunity for those seeking a beautiful and versatile home. Offered at $6,495,000.

• Discover 1319 Plaza Pacifica, a stunning ground floor unit in the sought-after Bonnymede complex. This contemporary residence exudes superior quality and attention to detail throughout its spacious layout. The ocean-view living room effortlessly transitions to the dining area and sleek chef's kitchen, where custom features like floor-to-ceiling cabinetry, travertine, and white oak create a luxurious ambiance. Additional highlights include hydronic floor heating, ample storage, and work/study/media spaces equipped with state-of-the-art electronics, including a Savant Pro system, Sonos surround sound, security, and sprinkler systems. Outside, enjoy your private ocean-view patio, and take advantage of the property's prime location near the Rosewood Miramar, Coral Casino, and Coast Village Road's shops and restaurants. This warm and sophisticated home embodies the essence of Bonnymede beach living at its best. Offered at $6,600,000.

• Located at 345 Sierra Vista Road this San Ysidro-inspired cottage has been thoughtfully remodeled and offers a charming full-time residence or weekend getaway. Nestled among oaks that frame the view and provide privacy, the one-acre property presents unlimited potential for expansion or creation of your dream home. The open-concept living space features vaulted ceilings, an updated kitchen, and a great room that flows seamlessly to the outdoor patio and expansive entertaining area. An outdoor stone fireplace adds warmth and charm to the alfresco lifestyle. The property offers an exceptional canvas for realizing your vision in Montecito, with the option to expand the existing home, build anew on the flat upper area, or retain the existing home as an ADU or guest house. Architectural plans are readily available, providing inspiration and guidance for those considering these possibilities. This unique property is an opportunity to create your own Montecito masterpiece. Offered at $3,297,000.
  

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: October 28th - November 3rd

90 Active Listings

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

4 New Listings

Listing & photo courtesy of Compass & the MLS.

2 Closed Listings

Listing & photo courtesy of Village Properties & the MLS.

4 Pending Listings

Listing & photo courtesy of Berkshire Hathaway Home Services & 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!