
Montecito, CA 93108
This Stunning Montecito Estate is a Strong Value Opportunity, listed at $21,950,000—positioned well below the $23,314,741 Fair Market Value by 5%. This valuation gap offers $1,364,741 in Instant Equity for the discerning buyer. Featuring an Excellent Condition Rating with high-end renovations, a private shared well, and panoramic ocean views, this property offers a turnkey lifestyle. It is an ideal acquisition for Luxury Homeowners or High-Net-Worth Investors seeking a rare, private coastal sanctuary.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1140 E Mountain Drive Subject | $21,950,000* List Price | 5 | 7 | 9,711 | $2,401 | - |
A 1140 E Mountain Drive Active | $21,995,000 List Price | 5 | 7 | 9,711 | $2,265 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although built in 2002, the estate has been substantially renovated by the current owners, featuring a modern kitchen with high-end appliances and herringbone oak floors, updated bathrooms with exceptional finishes, and a contemporary infinity-edge pool. The property is in mint condition with no visible maintenance needs, qualifying it for the excellent category due to recent high-end renovations.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 244372, living area = 9711.
The estate offers dramatic, sweeping views of the Pacific Ocean and Channel Islands from its elevated hillside position, providing a rare and highly sought-after backdrop for a Montecito residence.
Situated on nearly six acres within a gated enclave of just three estates, the property ensures exceptional privacy and seclusion with meticulously tended gardens, fruit trees, and winding paths.
The scale of the 9,700+ square-foot residence combined with six acres of manicured grounds necessitates significant ongoing maintenance and high carrying costs.
Reliance on a shared private well and a gated drive within a small enclave requires ongoing coordination and potential cost-sharing agreements with neighboring property owners.
From its gated hillside location on nearly six acres, this distinguished estate showcases dramatic, sweeping views of the Pacific Ocean and Channel Islands, offering an alluring convergence of serenity, seclusion, and exceptional craftsmanship. Originally designed by architect Don Nulty and substantially renovated by its current owners, the 9,700+ square-foot residence is beautifully appointed for both quiet respite and effortless entertaining. Throughout the property, desirable amenities abound, including a stunning infinity-edge pool, meticulously tended grounds, and a private shared well that sustains the estate's lush landscaping.An olive-lined drive winds along the hillside, gracefully introducing the motor court and stately front entrance. The home's thoughtful floor plan operates comfortably on a single level, flowing naturally between grand entertaining spaces and intimate retreats, while offering generous accommodations for family and guests on the upper and lower levels. Inside the front doors, arched openings frame the foyer and draw the eye immediately toward the ocean beyond. The living room is both impressive and inviting, anchored by an oversized marble fireplace. An adjacent formal dining room features sculptural pendant lighting and direct access to the south-facing terrace. The spacious kitchen offers striking design, custom cabinetry and abundant countertop space, high-end built-in appliances, and herringbone oak floors, with an adjoining breakfast area opening to an ocean-view patio. A cozy media room and a moody library with floor-to-ceiling built-ins and a fireplace offer more intimate spaces, while an office, a spacious laundry room, and an attached three-car garage complete the main level.Situated in its own wing of the home, the primary suite features dual en suite bathrooms of exceptional finish, dual custom walk-in closets, and views of the ocean and mountains. Two additional en suite bedrooms occupy the lower level, while an upper guest wing offers its own sitting room, ocean-view terrace, and en suite bath -- ideal for family or guests seeking their own retreat.Outside, a south-facing terrace and loggia surround a spectacular ocean-view infinity-edge pool. Multiple seating areas and an outdoor fireplace invite year-round enjoyment of the dramatic views extending to the Channel Islands and beyond. Below the pool and terraces, the expansive grounds unfold across the hillside in carefully tended gardens of roses, lavender, native plantings, fruit trees, terraced seating areas, and winding gravel paths -- all sustained by a shared private well.Located within a gated enclave of just three estates and yet just moments from Montecito's Upper Village, 1140 East Mountain Drive is a rare and irreplaceable offering above one of California's most beloved coastal communities.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 5.0 | 6.0 |
| Baths | 7.0 | 9.0 |
| Square foot | 9,711 | 8,292 |
| Lot Size | 244,372 | 98,010 |
| Price | $21.95M | $7.20M |
| Price per sq ft | $2.3K | $868 |
| Built year | 2002 | 2009 |
| HOA | $0 | $0 |
| Days on market | 70 | 119 |
Jul 1, 2026
$21,950,000
Initial Listing