Montecito Real Estate Update - Latest Weekly Trend

May 8, 2025

The Montecito real estate market currently has 98 actively listed properties, 5 of which are newly listed, 3 closed listings, and 3 pending properties.

Two of our Favorite New Listings:

• Where Montecito meets the sea, at 220 Montecito Ranch Lane, this newly completed +/- 5-acre Mediterranean estate invites you to embrace the California dream. Situated in Montecito Ranch Estates, a private enclave of just seven homes, it offers panoramic ocean and mountain views. The single-level floor plan seamlessly connects refined interiors with expansive outdoor spaces, perfect for both intimate living and grand entertaining. The residence features airy living areas, a chef's kitchen, four bedroom suites, a two-bedroom ADU, and a pool cabana. Luxury finishes, such as walnut, stone, and marble, elevate everyday living. Outside, a shimmering pool, ocean-facing terraces, and meticulously manicured gardens showcase the breathtaking coastline views and natural beauty. Just moments from Summerland, the Rosewood Miramar, and the Polo Fields, this property sets the standard for luxury living. Offered at $29,500,000.

• Steeped in history and set within a beautifully landscaped estate, the Greystone estate, located at 790 Buena Vista Drive, is a stunning stone residence designed by George Washington Smith in 1927. Originally a carriage house on approximately 40 acres of land, this enchanting property is a true gem, serving as a sanctuary surrounded by native gardens, ancient oak trees, meandering pathways, and stone courtyards that promote indoor-outdoor living. The thoughtfully curated interiors combine stone walls with steel doors, blending timeless elegance with modern comforts. The kitchen features a spacious island and a walk-in pantry, while the upstairs landing is designed as a library. The primary suite includes a fireplace and offers access to an enclosed veranda that overlooks the beautiful gardens. Additionally, a detached studio with an extra bedroom completes this rare architectural treasure in Montecito. Offered at $8,500,000.

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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 5 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 New Rental Listings:

• This charming home, located at 710 Romero Canyon Road within the Montecito Union School District, beautifully blends the sophisticated style of French Country with a relaxed, cozy farmhouse aesthetic. With 5 bedrooms and 4.5 baths, this spacious residence offers stunning mountain views from the large covered front loggia—an ideal spot for enjoying your morning coffee. The thoughtfully designed floor plan features all four bedrooms on the main level, along with numerous living areas, formal dining space, and a gourmet kitchen. Notable details include soaring cathedral ceilings, rich walnut floors, four stone fireplaces, and recently updated guest baths. This property fully embraces the highly desirable Montecito lifestyle. Additionally, a swimming pool is currently being constructed, with a completion date set for August 1, 2025, and the home remains easy to show. This incredible opportunity is now available for a long-term lease starting August 2025. Offered at $47,500 per month. To inquire about booking or learn more about this exceptional property-please contact the listing agent.

• A contemporary reimagining of classic California ranch-style living, 3155 Eucalyptus Hill Road blends timeless elegance with modern comforts. Fully remodeled in 2024, the home spans approximately +/- 2,300 square feet and features 3 bedrooms, 3 bathrooms, plus a dedicated office. Originally taken down to the studs and rebuilt in 2012, the property was thoughtfully expanded to include a voluminous primary suite, an inviting family room, and a versatile modern workshop/studio could also be used as a 4th bedroom. Set on roughly one acre and perfectly positioned to capture breathtaking mountain views over the treetops of Lotusland, this beautifully updated residence offers a rare combination of tranquility, privacy, and convenience  within walking distance to Cold Spring School and just minutes from Coast Village Road and downtown Santa Barbara. Recent upgrades enhance both style and functionality, including all-new Wolf and Sub-Zero appliances, a new washer and dryer, oak wood floors, custom walnut cabinetry, fresh paint inside and out, and professionally designed, drought-resistant landscaping with a top-tier irrigation system. This incredible opportunity is now available for a long-term lease starting on July 1, 2025. Offered at $25,000 per month. To inquire about booking or learn more about this exceptional property-please contact the listing agent.

Our Favorite Luxury EK&A Rental Listing:

• 565 El Bosque Road: Escape to a charming 3 bedroom, 2 bathroom home with a detached office/lounge area, perfect for a summer getaway. This California cottage, set among the majestic Oaks on Montecito's enviable El Bosque Road, offers a unique blend of relaxation and entertainment. Enjoy the fun sport court, challenge friends and family to a game of bocce, or unwind in the jacuzzi. The property's .79-acre level lot provides ample space to roam and explore, with a circular driveway that evokes the classic charm of Old Montecito. The main house features three spacious bedrooms and two bathrooms, perfect for families or groups of friends. The detached office/lounge area provides a quiet retreat for work or relaxation. The property also includes a barn/garage and paddocks, adding to its charm. Located in the heart of Montecito, this property is conveniently close to San Ysidro Ranch, Montecito's Upper Village, Knollwood Tennis Club, and Montecito's beaches and hiking trails. With its unique character and prime location, this summer monthly rental is the perfect opportunity to experience the best of Montecito.

  
  

  This property is available for a Summer monthly rental. Don't miss out on the chance to experience this unique and historic property. This incredible opportunity is now available for weekly or monthly lease, from June 15 2025 to August 15, 2025. Offered at $25,000 per month. 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.

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Market Recap: April 28th - May 4th

98 Active Listings

Listing & photo courtesy of Village Properties & the MLS.

5 New Listings

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

3 Closed Listings

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

3 Pending Listings

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

Available Rental Listings

Listing & photo courtesy of Village Properties & the MLS. To inquire about rental listings, please contact the listing agent.

*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!