Bank Owned Montecito View Estate for sale

Here is a rare and incredible opportunity to purchase a bank owned Montecito view estate. Originally selling for over $10 million, and now being offered at just $4,750,000, and surrounded by homes valued at twice that, this private gated property has magnificent ocean, city, harbor, and mountain views. Enjoy peace and tranquility at this spectacular 8+ acre retreat, complete with pool, spa, koi pond, fountains, and tennis court. The inspiring Mediterranean estate (approx 5500 s.f) features 4 bdrm, 4.5 baths,a 3-car garage, and expansive motor court . The open and spacious floor plan with soaring ceilings boasts an abundance of french doors opening to numerous inviting patios all with incredible views  – a great home for entertaining! There is an inviting  indoor/outdoor flow to the lush gardens, lawns, courtyard, and pool area.  Situated on its own hilltop, this  ocean view  property provides privacy and seclusion all in a prestigious Montecito location and just minutes to the charming Upper Village shops and restaurants. Located in the coveted Montecito Union School district,too! This is a very rare opportunity to acquire an extremely undervalued bank owned luxury home in Montecito! Offered at $4,750,000. To view this spectacular offering click here.  Click here Montecito real estate for sale to view other luxury homes for sale in Montecito or go to www.SantaBarbaraRE.com

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