Spectacular Sunset in Montecito California

The luxury home market of estates in the $5,000,000 plus category in Montecito has shown some good activity thus far this year with 2 escrows closing and 4 other estates entering into escrow. A Cliff May designed home in a prime Montecito location across the road from the renowned San Ysidro Ranch closed escrow for $16,100,000. This property was listed at $19,000,000 and had been on the market for just about 1 year. In addition to the exquisitely remodeled 9400 s.f luxury home it has ocean and mountain views, a pool, expansive lawns and a substantial fruit orchard on over 4+ acres. Another spectacular Montecito estate that entered into escrow in January is a 1920’s stone manor that had been extensively remodeled by designer John Saladino. Listed at $22,000,000 it offers a rare combination of old world California charm blended with the best of today’s modern amenities. It is very privately set on 13+ Montecito ocean view acres with park-like grounds. There are currently 55 Montecito estates ($5,000,000 + ) for sale. Click here to view them Montecito Luxury Homes.

There were 26 properties on the agent caravan this week in Montecito. There were 3 new listings ranging from at the low end of the price range a  5 bedroom home on a hillside location with fantastic ocean and city views with an asking price of $1,725,000. Though in the city of Santa Barbara this Via Alicia home does have a Montecito zip code.  This home was previously listed at $2,295,000 so presents a good buying opportunity for someone seeking a Santa Barbara view home. At the high end of the price range is a wonderful property on Cima del Mundo. This Santa Barbara  luxury home sold about 1.5 years ago for $18,000,000 and is now priced at $22,000,000. This is a great opportunity to purchase one of the finest luxury homes in Montecito. The buyers did put some exquisite upgrades into the home which was brand new at the time they bought it and it is essentially brand new still as they have rarely come to the property.  For someone wanting a premier Santa Barbara property this is it. It offers privacy, incredible quality, unbelievable views and all the amenities on could want. It is truly one of the  finest Montecito properties currently available.

Fifteen estates priced at $5,000,000 and above have closed escrow since July 1 in the Hope Ranch, Montecito, Santa Barbara areas. The most expensive one being an incredible oceanfront property in Hope Ranch. It sold at a price of $18,440,000 which was just over 35% off its original asking price and slightly over 21% off the last list price. It had been on the market for 8 months. This Mediterranean estate boasts 8 beautiful acres with its own private paved path down to the beach. There are sprawling lawns, putting greens, a pond, tennis court, pool, cabana, and guest house. View this Hope Ranch Estate. Ten of the 15 luxury home sales were in Montecito with the highest sale being a spectacular 10,000 s.f. home on 2.6 ocean view acres on prestigious East Mountain Drive selling for $13,100,000. This Montecito estate also had a guest house and pool. It had been on the market for 14 months at $15,300,000 and sold for 13% off the asking price. Another high end oceanfront property in Carpinteria just closed escrow this week at $10,700,000. This Hamptons style home was listed at $13,800,000 selling at 22% off its final list price(32% off original list price). It is in the gated Sand Point colony on 1.42 oceanfront acres with 133 feet of beach frontage and a pool. At this point the number of sales in the $5 million plus luxury real estate market in Montecito, Hope Ranch, and Santa Barbara is on pace to surpass last year’s numbers. Buyers may have realized that with so much seller motivation now is a great time to acquire a Santa Barbara estate. You may contact me at patsaraca@gmail.com  or  805-560-9951 for additional real estate information.

Rare opportunity to live in an exquisitely appointed Montecito luxury home  in a most desirable Montecito location. A stunning and very spacious 3 BR 3 bath restored French Country estate home in a prime location near Coast Village and all it’s wonderful shops and minutes to Downtown Santa Barbara, State Street, Stearn’s Wharf, and the beach. Recently restored with luxury appointments, beamed vaulted ceilings, and custom finishes, this home is a professional’s dream, with spacious rooms, high ceilings and exquisite, hard wood floors. There is a wonderful office suite or media room. There is also a spacious, well appointed guest suite as well on a floor of its own. The beautifully adorned, generous Master suite  with a elegantly marbled tiled bath and glass enclosed shower along with ample closet area, opens to a private patio with spa. Custom cabinetry adorns the high function,  updated kitchen with granite counter tops, marble tile and state of the art appliances, an informal breakfast/dining area flowing easily to a beautifully landscaped brick patio for entertaining and relaxation. This French Country home has a classic, vaulted roofline with stately fluted chimneys.  There are 3 bdrms and 3 full baths.This home is a perfect blend of casual elegance! A must see for those seeking a Montecito luxury home! Offered at $2,185,000.

The numbers are in for Santa Barbara Estates that sold in the final quarter of 2009. The high end, luxury estate market in Santa Barbara includes the areas of  Montecito and Hope Ranch as well as Carpinteria(lots of oceanfront) and Summerland. There were a total of 7 properties that closed escrow above the $5,000,000 mark in the past quarter. The year ended with 5 luxury home sales in December above $5,000,000. My favorite house happens to be the most expensive sale for the last quarter at $17,500,000. This is an absolutely gorgeous oceanfront home on Padaro Lane. This Cape Cod home – and being from there myself I can attest that this is an authentic Cape Cod style home – is over 7000 s.f. of exceptional quality. This private gated, oceanfront home for sale features an expansive green lawn flowing down to the sandy beach on highly desirable Padaro Lane.  I believe this was a fantastic buy as comparable sales in past years for Padaro Lane oceanfront (or any Santa Barbara oceanfront homes for sale for that matter) have been substantially higher!

The yearly total of estate sales (above $5,000,000) of 26 is just about ½ of the total number of Santa Barbara estate sales in 2008. There may never be a better time to purchase that luxury dream home in Montecito, Santa Barbara, and Hope Ranch (to view homes for sale in Santa Barbara click on any of these links) as the competition for buyers is heated with many motivated sellers in the Santa Barbara high end home market! 

May 2010 bring peace, love, happiness, prosperity and good health to all!

This expansive Montecito estate compound is situated on one of the most desirable Montecito estate parcels in the Santa Barbara estates market segment. This magnificent Montecito estate offers spectacular ocean, island, harbor, city and mountain views, a very unique combination, all from a "close in" elevated vista close to the Montecito lower village on Coast Village Road in Montecito as well as the upper village on East Valley Road in Montecito. Perched on the most sought after Montecito estate parcel in the desirable Pepper Hill neighborhood, with its awe inspiring sweeping view vistas from all vantages within the gated compound, this rare Santa Barbara estates offering has not been available for 15 years and has been extensively updated within that time to become one of the premier Montecito estates offerings within the Montecito real estate market place. 

The Santa Barbara real estate market, estates offerings has rarely seen an estate property of this magnitude within the Montecito estates for sale market segment at any price point, much less below the $10 million ceiling within the last 8 years. Montecito estate properties like this are truely rare indeed, particularly in the Montecito Cold Springs Schol District. View details and over 30 photos of this Montcito estate for sale. This Premier Montecito estate is offered at $8.5 million.

This quintessential Montecito view estate includes 5+ bedrooms, 4 full and 3 ½ baths, with full guest suite. Detached opulent office, work shop and fire placed entertainment area. Gated entry. Pillared stone lined motor court. Two 2+ car garages. And gracious, matured landscaped grounds. An extraordinary Montecito estate situated on one of the most desirable Montecito estate parcels, with a prime location close to Upper and Lower Montecito Villages.

There were many beautiful homes on Santa Barbara broker caravan today in the Montecito real estate market place and several of those properties fit into the prestigious Montecito Estate category. Of all the high end Montecito estates previewed today, by far the best estate value was the Montecito home for sale on Park Hill Lane. A magnificent Tuscan style Montecito estate known as Villa Nova. Beautiful sculpted into the foothills of Montecito well away from the recent Montecito wild fire area set on a 1.43 acre beautifully landscaped Montecito land parcel with ocean and Channel Island views and encompasing mountain views in a very coveted location near world famous San Ysidro Ranch as one of your close by neighbors. This a comfortable and classic design of nearly 6000 sq. ft. and compares to other homes previewed that are listed at over $15 million. This is a rare estate value available for $9,7 million.

For more information, click here.

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 and 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.

Here is a list of all Montecito homes for sale currently available in the coveted Clod Springs school district. Here is a link to a detail page of those Montecito properties for sale.

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 and 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.