
SANTA BARBARA, CA 93108
This Mediterranean Estate is a High-Potential Investment Opportunity, listed at $4,750,000—positioned well above the $4,553,590 Fair Market Value by -4%. Featuring a 45-acre lot with panoramic ocean and mountain views, the property maintains a Condition Rating of 3, offering modern kitchen and bath updates within a classic 1991 structure. While maintenance demands are significant, the inclusion of a two-bedroom guest house provides versatile utility. This rare Montecito offering is an ideal acquisition for Luxury Homeowners or Estate Investors seeking privacy and scale.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1060/1064 Ladera Lane Subject | $4,750,000* List Price | 4 | 5 | 4,516 | $1,008 | - |
A 1060 Ladera Lane Active | $4,750,000 List Price | 4 | 6 | 5,316 | $894 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 1991, the property is exceptionally well-maintained and functional. While the terracotta flooring and kitchen cabinetry reflect the original 33-year-old Mediterranean style, the kitchen has been updated with high-end stainless steel appliances, and the bathrooms show recent modern renovations including marble surfaces and a contemporary glass-enclosed shower. The estate is move-in ready and shows no signs of deferred maintenance.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 1986336, living area = 4516.
Spanning approximately 45 acres across two separate parcels in the Montecito hills, this estate offers an unparalleled level of scale and seclusion that is exceptionally rare for the area.
The property boasts sweeping, unobstructed vistas of the Pacific Ocean, Channel Islands, and surrounding mountains, creating a dramatic and serene backdrop for the entire residence.
The management of a 45-acre estate with extensive stone pathways, tiered fountains, and rolling terrain requires substantial ongoing maintenance and high operational costs.
Built in 1991, the traditional Mediterranean finishes and terracotta tiling may feel dated to modern luxury buyers, likely necessitating additional investment for contemporary interior upgrades.
Set amid the hills of Montecito, this extraordinary Mediterranean estate spans approximately 45± acres across two separate parcels, offering remarkable privacy, scale, and natural beauty. Framed by rolling terrain, open grounds, and sweeping ocean and mountain vistas, the property presents an exceptional sanctuary with a profound connection to its surroundings. At the heart of the residence, a gracious interior courtyard creates a striking focal point with an expansive tile patio, tiered fountain, and an atmosphere that reflects the relaxed sophistication of California living. The home unfolds with timeless Spanish character, showcasing hand-hewn wood beams, arched passageways, warm terracotta tile, and richly textured finishes that bring depth and authenticity throughout. Designed around the landscape, the interiors feel open, airy, and filled with natural light. Expansive windows and glass doors capture impressive outlooks in multiple directions, while a series of inviting gathering areas, including a formal living room, comfortable lounge spaces, and ocean-view seating areas, provide flexibility, comfort, and an elegant indoor-outdoor rhythm. A charming two-bedroom guest house further enhances the estate, creating a wonderful setting for visitors, a private office, studio, or separate creative space. Thoughtfully positioned within its own peaceful environment, it complements the main residence while preserving the property's overall sense of ease and seclusion. Outdoors, the grounds unfold with stone pathways, view terraces, and intimate sitting areas oriented toward the coastline, Channel Islands, and surrounding mountains. Grand in scale yet deeply tranquil, this rare Montecito offering is a refined sanctuary for those who value privacy, natural splendor, and timeless California elegance.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 4.0 | 50% |
| Baths | 5.0 | 5.0 | 50% |
| Square foot | 4,516 | 3,732.5 | 77% |
| Lot Size | 1,986,336 | 41,382 | 98% |
| Price | $4.75M | $5.25M | 38% |
| Price per sq ft | $1.1K | $1.7K | 25% |
| Built year | 1991 | 1982 | 69% |
| HOA | $0 | $0 | 50% |
| Days on market | 11 | 223 | 2% |
Jun 2, 2026
$4,750,000
Initial Listing