Montecito properties estate parcel thought of as one of the finest in all of Montecito, with a rare combination of spectacular elevated, close in, 360 degree vistas, this Montecito estate compound is also judged by the estate brokerage community to be the finest Montecito Estate Parcel currently available under $10 million. Considering a parcel nearly abutting this magnificent Montecito estate, with lesser views and an original home built in 1961, just sold in May, 2008 for $10.5 million it is understandable why this is considered such a tremendous value. It has the very rare amenity of having the most desirable Montecito surround views of the Pacific Ocean, Channel Islands, Santa Barbara Harbor, Downtown city, and Santa Ynez Mountains. Unique Montecito vistas that are elevated and yet close in and so just a short distance to Montecito’s stylish Coast Village Road shops and restaurants and the Montecito upper village on East Valley Road, with its quaint village atmosphere and shopping area, Montecito Country Club, and close by Oprah’s Montecito estate compound, Promised Land, now valued at over $90 million. The mature landscaped lush and private gated compound with multiple private sitting areas. outdoor fireplaces and awe inspiring views in all directions complete this unique package. As a most desirable Montecito estate parcel within the Santa Barbara estates market segment, it is really quite a rare find.
There are only 6 other view properties available within the coveted Montecito Cold Springs School District. Perched on the best elevation for a Montecito estate parcel in the desirable Pepper Hill neighborhood, with its awe inspiring sweeping view vistas from all vantages within the lush 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. It shares the same ridge line and views and is within sight, just 2 properties away, from the historic and majestic Brooks Institute Estate campus, which is a truly magnificent property of approximately 7 estate acres built in 1920 by an associate of famed architect George Washington Smith and is quite reminiscent of the Smith style. It is a large and magnificent example of period Mediterranean architecture. After being converted to the Brooks Institute of Photography college facility some time in the 1950’s and reconfigured and used as such since that time, it will entail a huge redevelopment undertaking to convert it back to the exquisite estate home it once was. That multimillion dollar undertaking, combined with its $12 million acquisition cost, again highlight the true value of this Pepper Hill Montecito estate on Woodley Road, a turn key Montecito estate offering at $8.5 million. Additionally the parcel between the Brooks Institute estate and 350 Woodley Road, situated at 351 Woodley Road was just sold in May of 2008 for $10.5 million, which included a 5 bedroom, circa 1961 home needing much help and offering lesser views at a 30 to 40 ft lower elevation as compared to 350 Woodley Road. Clearly this privately offered estate is a genuine value even in today’s market conditions and should prove an excellent investment moving forward.
In the Santa Barbara real estate market, an estate offering of this magnitude, at this price point has rarely been seen in the Montecito Estates market segment below $10 million in the last 8 to 10 years. Montecito estate properties, with close in views and desirable flatter land parcels like this are rare, and are seldom within the Montecito Cold Springs School District, which creates additional value. View details and over 60 photos of this Montcito estate for sale. This Premier Montecito estate is privately offered at $8.5 million. Please contact us directly here for exclusive information and opportunity to view this spectacular Montecito view estate and compound.
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, lease or 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.