Santa Barbara Luxury Real Estate Market Update

Santa Barbara ocean and city view estate for sale

The Santa Barbara luxury real estate market has been extremely strong this year with a serious increase in activity and number of sales. Currently within the city limits of Santa Barbara inventory of estate properties for sale priced at $5,000,000 and up is almost non-existent! There are currently only 4 estates for sale in the city of Santa Barbara (not including Hope Ranch and Montecito as both of these affluent neighborhoods are in the county with the exception of part of the 93108 zip code).  Two spectacular estates are in Santa Barbara’s prestigious Riviera area. One is a restored circa 1920’s French Villa complete with incredible ocean, city, and harbor views. Named “Montjoie” by its original owner, it is also known as “The Queen of the Riviera”. This one-of-a kind 2 acre ocean view property in Santa Barbara was once owned by Mary Pickford and Douglas Fairbanks Sr. Upon entering the circular motor court you will be amazed by this dramatic piece of architecture. It truly combines the elegant elements of days gone by with today’s modern amenities! Click here to view this Santa Barbara luxury estate offered for sale at $8,295,000. The other Santa Barbara luxury home currently for sale was also built in 1928. This estate was designed by noted architect Gardner Dailey who also designed Montecito’s Coral Casino. This exquisite estate boasts gorgeous mountain views on 2+ acres with pool and pool house. Offered at just $5,699,000  for 7200 s.f. it is certainly worth a look! You may view this Santa Barbara Mediterranean estate here. The other 2 luxury estates in the Santa Barbara city limits are located in the Montecito zip code area. They both boast wonderful city and coastline views and impressive grounds with pools and guest houses. Cima Linda is offered at $6,750,000 for a 9200 s.f. Mediterranean estate and Camino Viejo is offered at $7,498,000 for a 6400 s.f. 1930’s custom estate . For more details on any of these fine Santa Barbara estates you may contact me,  Pat Saraca, at Harbor View Real Estate at 805-886-7426. To search for currently available estates for sale in Santa Barbara and surrounding areas including Montecito and Hope Ranch please go to www.SantaBarbaraRE.com .

 

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