Click on image to enlarge. Chart provided by Fidelity Title Company Santa Barbara
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This rare Sycamore Canyon Road property provides the opportunity to create one’s own grand manor among classic Montecito estates. Private and tranquil, it currently hosts a tastefully updated Mid-century home with a separate artist studio tucked against a wooded hillside. Fruit trees & roses complement the natural landscape.
The current residence features hardwood floors & vaulted ceilings. The LR has multiple Fr. doors w/clerestory windows above, while the adjacent FR offers a host of windows as well. In the updated kitchen & breakfast area, greenhouse windows invite the cultivation of herbs & flowers. Perfect as-is, yet also offering potential for greatness, it rests just a stone’s throw from beloved Lotusland, and is a short distance from Cold Spring School, the Upper & Lower Villages, beaches, and world class resorts.
Offered at $1,895,000
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 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
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)