Montecito Luxury Homes For Sale

By psaraca • February 15th, 2010

Sweeping ocean, island, harbor and city views.
Sweeping ocean, island, harbor and city views.

Previewed several unique luxury properties for sale in Montecito this week. The first one is bank owned and a wonderful opportunity.  It has tons of potential being currently in the midst of a remodel. It is a work in progress!  It could be a masterpiece upon completion. Located on Cima Linda Lane - it has sweeping ocean, island, city and harbor views. These views are spectacular!  The main home has 3(or more) bdrms and  2.5 baths  and there is a separate guest house. Also included are a pool and fantastic outdoor kitchen. Priced at just $3,500,000 (it was purchased in 2008 for $6,000,000) this is an incredible opportunity to purchase an Ocean View property in Montecito. Another home with lots of upside potential is a George Washington Smith designed home near the Montecito County Club. It does need some updating, but upon completion one would have a prime Montecito Estate. The lot is over an acre with gorgeous trees – looks like a beautiful park – so lush.  This location is superb – close to Coast Village Road and Montecito’s famous Butterfly Beach!  Priced at $1,995,000 a good entry level into the Montecito Estate market.  It is a great time to buy with interest rates being incredibly low & lots of motivated sellers! As a matter of fact now may very well be the best time ever to purchase Montecito Real Estate.

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