High end sales are nothing new for Santa Barbara and our surrounding communities. Within Hope Ranch, Montecito and along the coastline, we see some very exclusive high end real estate sales each and every year. Many of these sales are topping out above the $10 million mark. I just read a recent article by CNBC, that once again ranks Montecito and 93108 as the 3rd rated zip code in America when it comes to the number of homes that are selling at $10 million or more. Over the last year, Montecito has seen 15 such home sales.
The real estate market has come roaring back here over the last 10-12 months (roughly up 20%). Our high end market has also seen just as strong of demand and nothing seems to be standing in its way as we continue to simply have strong demand across the board. Below are a few of the higher end sales over the last 12 months.
888 Lilac Drive, Montecito CA 93108 recently closed for $14.625 million. Inspired by the glamor and elegance of 1920s Paris, this breathtaking newer estate was designed with the highest quality to be low in EMFs and toxins while boasting endless ocean views, a prime yet peaceful Montecito location and unmatched sophistication. The 6 bedroom 8 bath home has a gym, two game rooms, media room, 1 bed guesthouse, swimmer’s pool, organic gardens, stone amphitheater and Wimbledon lawn.
815 Cima Del Mundo, Montecito CA 93108 recently closed for $23.5 million. This spectacular estate compound is set on 5+/- acres. The main residence is 12,000+/- Sq. Ft. 5 bedrooms, 6 full baths and 3 powder rooms, with ‘over the top’ ocean, harbor, mountain views. Pool, pool cabana, tennis court and 2 bedroom, 2 bath guest house. This is one of the most amazing estate properties to come on the Market in Santa Barbara/Montecito. Everything you could possibly want with privacy.
- Benefits of Pocket Listings Here in Santa Barbara and Montecito
- Santa Barbara Real Estate Seriously Rebounding – Forbes.com Article
- High End Luxury Montecito Sales Continue Strong Pace
- What Are Considered The Higher End Neighborhoods in Santa Barbara
Search: The Santa Barbara Area MLS
For more information on Real Estate here in Santa Barbara, Montecito and/or our surrounding areas, as well as any other aspects of life in our wonderful town, please don’t hesitate to contact Kevin Schmidtchen at Sotheby’s Int’l Realty.
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