Montecito Real Estate Update - Latest Weekly Trend

March 10, 2025

The Montecito real estate market currently has 88 actively listed properties, 6 of which are newly listed, 8 closed listings, and 3 pending properties.

Two of our Favorite New Listings:

Located in one of Montecito's most desirable areas, 237 Eucalyptus Hill Drive, offers breathtaking panoramic mountain views and unparalleled privacy. The impeccably designed grounds evoke a resort-like ambiance, featuring a sparkling pool, spa, bocce ball court, putting green, and a charming gazebo, all surrounded by meandering pathways through a sylvan woodland of stately coastal redwoods and oaks. Primarily single-level, the residence blends timeless elegance with modern luxury. The beautifully renovated kitchen is a chef's dream, boasting a striking quartzite-topped center island, custom cabinetry, top-of-the-line Thermador appliances. Expansive enough for informal dining plus cozy fireplace seating, the kitchen features soaring windows that bring the outside in. Vaulted wood-beamed ceilings and skylights enhance the bright and airy atmosphere throughout. The serene primary suite is a private retreat, featuring a spa-inspired bath with a freestanding Jacuzzi tub and radiant-heated floors. Grand living and dining spaces exude sophistication, highlighted by soaring ceilings, African Acacia hardwood floors, and three fireplaces that create an inviting yet refined ambiance. Additional luxuries include a private office, study, expansive den/game room, and an oversized three-car garage. The outdoor spaces are designed for effortless entertaining, with multiple patios and seating areas set amidst the tranquil natural surroundings. Meticulously maintained and move-in ready, this distinguished property is also adjacent to Hale Park, offering a rare blend of serenity, elegance, and access to scenic open spaces and nature trails. Offered at $5,975,000.
Unlock the essence of luxury coastal living in this serene Montecito retreat located at 120 Butterfly Lane. This estate is perfectly positioned in the highly sought-after coastal zone, moments from the Lower Village and the pristine sandy shores of Butterfly Beach. Rebuilt in 1990 by renowned Giffin and Crane Construction and designed by award-winning architect John D. Kelley, this home seamlessly blends timeless elegance with modern functionality. The great room features soaring ceilings, a sophisticated fireplace, and high windows that flood the space with natural light, while a wall of glass sliding doors leads out to the tranquil backyard, offering a seamless flow between indoor and outdoor living. Step outside to an expansive covered patio surrounded by beautifully terraced landscaping with native plants, fruit trees, and graceful palms. A stone waterfall fountain creates a peaceful ambiance, and steps lead to an elevated sitting area with ocean glimpses, an ideal spot to unwind and enjoy the stunning vistas. An oversized two-car garage with built-in cabinetry provides extra storage and convenience. Single-level living ensures ease of access throughout, and the property is located moments from the Butterfly Lane pedestrian tunnel, offering a direct route to Butterfly Beach and the coastal bike path. Just a short distance from the vibrant Lower Village-home to renowned restaurants, charming cafes, luxury shopping, art galleries, and the Montecito Country Mart for all your essentials. Located within the exceptional, #1 ranked Montecito Union School District. This magical property provides a rare opportunity to embrace the relaxed sophistication of Montecito's coastal lifestyle, where comfort, style, and nature come together harmoniously. Offered at $4,195,000.

In our ongoing effort to provide comprehensive and up-to-date information, we are introducing a new rental listings section for Montecito as part of our current market update. This addition will allow us to better serve our users and offer a more complete picture of the local rental market.

There are 24 active rental listings, and 4 new rental listings in the Montecito area. These listings include a variety of properties, ranging from luxurious estates to charming cottages, ensuring there is something for every taste and budget.

Our Favorite Rental Listings:

Welcome to this single level estate located at 1694 San Leandro Lane, this stunning fully furnished 3-bedroom, 2.5 bathroom estate with a dedicated office. This estate sits on a lush, private +/- 1 acre lot adjacent to a woodland nature preserve with towering ancient oaks and breathtaking mountain views. This incredible opportunity is now available for lease with flexible terms starting March 2025. Offered at $30K per month. To inquire about booking or learn more about this exceptional property-please contact the listing agent.
Exceptional oceanfront home behind the gates of Rincon Point, located at 8096 Puesta Del Sol, offering 4 bedrooms, 3.5 bathrooms, an office, a 'tower' room perfect for reading or yoga, home gym area, outdoor sauna, a hot tub and outdoor fireplace set under a covered outdoor deck (just off the great room), along with a sprawling grass yard, all overlooking the beauty of the ocean, coastline, and Channel Islands. High quality construction with designer interiors. Rincon Point is a coveted beach community known as 'The Queen of the Coast' and a world class surfing destination. Fully furnished. Minimum 1-year lease. Other amenities include a gas fire pit by the ocean, surfboard storage and heated surf shower, top of the line appliances, two dishwashers, two sets of washer/dryers, a large off-street parking area, two available garage bays, automatic backup generators, air conditioning, high power vehicle charging plug, gas BBQ, and more. This incredible opportunity is now available for a 1-year lease starting February 2025. Offered at $45K per month. To inquire about booking or learn more about this exceptional property-please contact the listing agent.

Our Favorite Luxury Vacation Rental Listing:

Reserve your relaxing getaway at this one-of-a-kind ranch experience, Carpinteria Ranch Getaway, resting on over 10 acres, this expansive property is located in the green rolling hills of Carpinteria, just moments away from Montecito and Santa Barbara, local beaches, shopping, and fine dining. Coveted for its pristine and quiet setting, this property offers a fun contemporary style that is anything but traditional! The grounds are home to several horses, and boast a full-size tennis and basketball court, black-bottom swimming pool, hot tub, outdoor gourmet kitchen and chic outdoor dining and entertaining space. Moving indoors, guests will find delight in the stylish living room, formal dining and tea rooms, or screening their favorite movies on the 8-foot movie screen. The gourmet kitchen is complete with beautiful white marble and top-of-the-line appliances. The home features three unique bedrooms including a sitting area, French doors that open to the serene outside lawn, and mesmerizing views of the breathtaking landscape. This is the perfect place to unplug and enjoy solitude, or to spend quality time and create memories with loved ones. This incredible opportunity is now available with a minimum 30-day lease (Please inquire for a longer-term lease, up to 1-year) starting March 2025. To inquire about booking or learn more about this exceptional property-please contact the listing agent.

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.