Three-Acre Ocean/Mountain Estate Parcel
Montecito, California
$3,900,000

Residence

Price: $3,900,000
Lot Size: 3 acres approx.

A spectacular 3-acre estate site with panoramic ocean, mountain and valley views rarely found in our area, and almost never available for purchase.

Because of the limited size of Montecito real estate, coupled with the spectacular property appreciation rate we’ve been experiencing for the past 80 years, we have depleted virtually all available development parcels that would be considered premier. To be classified as a premier site, the land should be of good size – at least 2.5 or 3 acres. The land should be virtually all level or slightly sloping to afford adequate development and use by children. The location should be among other significant estates to afford economic parity and homogeneity. And to be truly premier, the site must offer views to the ocean and mountains.

This Montecito real estate property has all that, and in addition the property benefits from spectacular Montecito Valley views – something that is considered a great rarity and a valuable addition to any premier site. Very few homes benefit from all these features.

If you’re moving from out of the area, an additional bonus is an existing guesthouse already on site to accommodate you while you’re doing your plans and construction. The existing guesthouse has been expanded into the breezeway and four-car garage. This structure can be retained or removed to suit your personal needs.