Montecito estate properties offer significant buying opportunity

By stevedre • December 18th, 2008

The following are compelling reasons to why it may now be a very opportune time to be a Montecito Estate buyer within the luxury Montecito properties market. Looking at figures comparing this year to last year shows an increase of approximately 18% more homes coming onto the Montecito real estate market in 2008 than 2007. There are currently 178 properties including Montecito estates and condominiums, in our local multiple listing service as actively for sale, with an additional 17 currently in escrow. The number of Montecito home sales this year is down 22% from 2007 which combined with the increase in inventory of Montecito estates may very well present an extremely favorable time for estate buyers. There are also luxury Montecito properties that are quietly for sale such as a prime Pepper Hill Estate, a prestigious Montecito neighborhood, with stunning close-in views of the ocean, city, harbor, and mountains. This Montecito Estate is gated and private with a 4 or 5 bedroom main residence, separate guest suite, detached office and art studio/workshop plus pool and spa – all with incredible views! Close to the Montecito Country Club, Four Seasons Biltmore, the quaint Upper Village of Montecito and chic Lower Village of Montecito. This is a very rare find in Cold Springs School District.

RareEstates.com also recently previewed another fantastic luxury Montecito Estate comprised of an exceptional Mediterranean style home and exquisite grounds. This property features a sparkling glass mosaic pool with pavilion, guest house, kitchen, fireplace plus a tennis pavilion with guest cottage complete with fireplace & service bar. This is on a very private 4 acre Montecito Estate site with ocean, island, and mountain views. A recent price reduction puts this at $19,500,000 making it one of the finest opportunities to acquire a rare Montecito estate property. It has strong personal ties to Oprah Winfrey’s Montecito estate which is now estimated to be valued at over $90 million, so now may be the time to pursue a dream of purchasing a premier Montecito Estate property similar to Oprah’s Montecito property she calls "Promised Land". Contact us now to get more details on these privately offered Montecito Estates and other Santa Barbara Estates. Or if you’re inclined we can be reached directly at 805-560-9951.

Santa Barbara properties, privately offered Santa Barbara estates, Santa Barbara ocean front for sale, Montecito estates, and the signature Santa Barbara properties market, is one which requires well informed local expertise and knowledge, crucial to successful acquisition, lease or sale of these rare estates. Custom searches of Santa Barbara properties on the beach, Santa Barbara estates, Montecito properties for sale, Hope Ranch real estate, Carpinteria beach estates information and anaylsis of Santa Barbara CA homes for sale, is available at this site and http://www.RareEstates.com, a fine home sale transaction network, with specialized resources and knowledge of unadvertised Santa Barbara properties and qualified Santa Barbara estates property investors. For exclusive comprehensive analysis and information about Santa Barbara ocean front for sale, privately offered Montecito estates, Santa Barbara estates, or the Hope Ranch properties, inquire here.

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