Every year here in the Santa Barbara / Montecito / Hope Ranch / Carpinteria areas, we see some very exclusive high end real estate sales. Often some of these sales top the $20 million mark which is a lot to be said for the demand for exclusive luxury property in our area. Although we see sales above the $20 million price point, more often than not, the “high end” sales tend to be in the $10 to $20 million price range.
In just the last 12 months, our MLS has reported 4 closed sales over the $13.5 million mark.
- 3165 Padaro Lane, Carpinteria CA sold in September 2012 for $16.9 million
- 888 Lilac Drive, Montecito CA sold in April 2013 for $14.6 million
- 4257 Avenue Del Mar, Carpinteria CA sold in February 2013 for $14 million
- 1453 Bonnymede Drive, Montecito CA sold in March 2013 for $13.5 million
*The caveat to this is that there are usually some even higher end sales not reported in the MLS such as the $26 million Ellen DeGeneres just paid for a home here in Montecito CA in the last few months.
So what are the most expensive homes currently for sale in our area?
As of right now, the 3 most expensive homes on the market here in the Santa Barbara area are listed as:
3443 Padaro Lane, Carpinteria CA listed for $28.9 million. Completely remodeled in 2008, the breathtaking oceanfront architecture delights the senses with walls of glass which showcase the entire Padaro cove. Entry level includes 3 bedrooms and great room where the living, dining and kitchen spaces are “as one” with the beach . Upper level is a sublime master suite where office, bedroom, closet and bath share spectacular views. Detached guest house overlooks the clay court.
690 Picacho Lane, Montecito CA listed for $27 million. Elegant Provincial living, steps from Montecito’s Upper Village! 9 private acres w/sweeping ocean & mtn views in the heart of Montecito’s Golden Quadrangle. Vast & impressive, yet immensely livable, this French Provincial style home offers perfect scale throughout. 5beds/5.5baths main hse + gst hse, 2bd apartment, pool, cabana, tennis ct, orchards & exceptional greenhouse great as gym/art studio.
1685 Fernald Point Lane, Montecito CA listed for $26 million. A rare jewel, this significant Fernald Point residence with 244+/- linear ft. of ocean front, sits on 3 flat acres and includes a 7,300± sq.ft., 5 bedroom, 6 bath home with pool, tennis court and beach cabana plus 2 bedroom guest or servants quarters. This unique estate is an oasis of rolling lawns and specimen palms all facing South to the sand and surf.
Current Active: Santa Barbara Montecito Real Estate $10 Million Plus
Based on information from the Santa Barbara MLS as of the date shown below. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
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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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