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.