Montecito Real Estate at a Glance

Last year 203 single family homes, condos, and vacant lots sold in Montecito. This analysis was derived from the Santa Barbara Association of Realtor’s Multiple Listing Service (MLS) using Montecito’s Zip Code of 93108 for the search parameter. In 2016 selling prices ranged from $525,000 (for an adobe studio on Coyote Road) to $28,850,000 (for the Seamair Farm which Oprah purchased)

In 2016 167 homes sold in 93108 from 170 sales in 2015.  Under $2,000,000 there were 48 home sales. Between $2,000,000 and $4,000,000 68 homes sold in that price range.  From  $4,000,000 to $6,000,000 32 homes sold.  From $6,000,000 to $8,000,000 15 homes sold. And, for more than $8,000,000 there were 6 home sales.

Ellen and Portia list their Montecito Home for Sale

Ellen and Portia have listed their newly remodeled home on Hidden Valley Lane with Sotheby’s International Realty for $45,000,000. Click on the link for more details and photos: Ellen and Portia’s Hidden Valley Lane home

Jeff Bridges Reduces Asking Price of Montecito Home

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Oscar winner Jeff Bridges recently cut $5 million more off the asking price of his estate in Montecito. It’s now available for $18.5 million. It was originally listed for $29.5 million.

The Tuscan-style property is drop-dead gorgeous with mountain and ocean views. The main house is 9,500 square feet with lavish hallways, soaring and exposed wood-beam ceilings, and a private tower/study that opens to a rooftop terrace. There’s a master suite, three en suite bedrooms, an eat-in kitchen, and a four-car garage.

The estate also includes a one-bedroom guest cottage, a two-bedroom caretaker’s cottage, and a swimming pool. The19.5-acre property also boasts a sculpted fountain, walking path, fruit orchard, and Italian cypress trees. A stately, iron gate rests between two pillars at the property’s entrance. (Image from Realtor.com)