Active

698 E Mountain Drive

SANTA BARBARA CA, 93103

$50,000,000


$3.47 per sqft

Active

14,418,360 sqft

Land

Courtesy of Chris Harrington, Sotheby's International Realty

Newly Priced and ready for sale. Formally known as Mar Y Cel and locally known as the Montecito Tea Gardens. Eighteen legal parcels on over 331 acres make this an unprecedented offering in one of the most sought-after estate locations in Montecito. Originally purchased for its abundance of water; this rare land spans foothills and mountainsides, providing incredible privacy and unparalleled ocean and mountain views from most every parcel. This is a rare opportunity for a buyer wanting either an exclusive family compound, a community of private world-class estates, or a variation of both. All eighteen parcels have certificates of compliance, many of which have lovely building sites and are ready to begin the design and permitting process. A development prospectus is available.

22-139

MLS ID

January 18, 2022

Listed

February 16, 2024

Updated

Map

698 E Mountain Drive
SANTA BARBARA CA, 93103

Exterior/Building Features

Lot Size

331 Acres


Lot Features

Level, Steep Slope, Mountain

School Information

High School

S.B. Sr.


Elementary School

Mont Union

Other Property Details

Area Name

10 - MONTECITO


Garage

No


View

Yes


View Description

Mountain(s), Ocean, City, Panoramic


County

Santa Barbara


Pool

No


Zoning

Other


Buyer Agency Compensation

2%

Listing History

Date

Event

Price

10/6/2023

Price Change

$50,000,000

-14%

Listed by Sotheby's International Realty, Chris Harrington,
Listing Contact:  

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