Just sold! The most recent sale of a Montecito Oceanfront Estate was in the exclusive 22 acre gated community of Sea Meadow. This spectacular Montecito luxury home in French Normandy style was in impeccable condition & drew lots of interest. It sold for well over its asking price of $9,750,000. The selling price was $10,600,000! This Oceanfront Home previously sold in July 2000 for $5,150,000 – perhaps a better investment for the owner than the S & P 500?? Yes, that is double in just over 8 years which shows the resiliency of the Montecito Oceanfront Estate Market.
This photo is linked to all Montecito oceanfront properties for sale. Click to preview.
There are currently just 22 oceanfront homes listed for sale in the Santa Barbara MLS, this includes Carpinteria, Montecito, Summerland, Santa Barbara, and Goleta. There are a few other privately offered oceanfront homes for sale in the area including one in Hope Ranch. Santa Barbara oceanfront estates remain extremely rare since Santa Barbara has such a limited supply and as Santa Barbara and Montecito continue to be a choice destination for buyers from all over the world looking for luxury real estate.
The Santa Barbara estates and unique signature property market requires well informed local expertise that is essential for the finding, successful acquisition, sale, and value analysis of these rare estate properties. Custom searches of Santa Barbara beach properties, estates, Montecito homes for sale, luxury real estate in Montecito or Hope Ranch real estate information are available at http://www.RareEstates.com, a fine home purchase and sale network with specialized local resources and knowledge of unadvertised luxury properties and qualified estate property investors searching for properties to acquire.