120 Montecito Ranch Lane, Summerland, CA 93067, Summerland, 93067 - 12 bed, 25 bath

120 Montecito Ranch Lane, Summerland, CA 93067 home-pic-0
ACTIVE$69,575,000$32,174/sqft
120 Montecito Ranch Lane, Summerland, CA 93067
12Beds
25Baths
32,174Sqft
861,617Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 861617, living area = 32174.
Top Cons:
MLS Listing Discrepancy: Living area discrepancy between mls listing and other public or private record. mls listing living area = 32174, other record living area = 21890. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 12, other record bedroom count = 5.

Compared to the nearby listings

Price:$69.58M vs avg $2.52M (+$67,056,386.5)83%
Size:32,174 sqft vs avg 1,562.5 sqft83%
Price/sqft:$2.2K vs avg $1.6K83%

More Insights

Built in 2005 (21 years old).
Condition: Built in 2005, this magnificent estate, while 19 years old, presents in virtually new condition due to its world-class construction, meticulous maintenance, and high-end finishes. The kitchen features top-of-the-line Viking appliances, dark granite countertops, and custom cabinetry, all appearing pristine. Bathrooms are opulent with marble, custom painted vanities, and gold-toned fixtures, reflecting exceptional quality and no signs of wear. Throughout the property, luxurious materials like hardwood, marble, and crystal chandeliers are impeccably maintained, indicating no deferred maintenance and meeting the highest current quality standards for a luxury estate.
Year Built
2005
Close
-
List price
$69.58M
Original List price
-
Price/Sqft
$2,162
HOA
$0
Days on market
-
Sold On
-
MLS number
25624099
Home ConditionExcellent
Features
Excellent View:
Deck
Pool
Spa
Patio
View-

About this home

A globally recognized private estate bordering the highly prestigious city of Montecito, this magnificent retreat is sited in one of the most coveted locations on an extremely rare 19-acre lot. This extraordinary estate is a masterful expression of Neoclassical design, drawing inspiration from the refined villas of 18th-century Italy and France. The main residence offers 12 bedrooms and 25 bathrooms, defined by remarkable scale and volume. A striking marble entry hall opens to breathtaking views of the Pacific Ocean and the Santa Ynez Mountains, setting the tone for the home's grand yet livable interiors. Formal and informal living spaces include expansive living and dining rooms, a gourmet kitchen with breakfast area, family room, office/library, and an elite-level wine cellar with adjacent tasting room. Thoughtful design and functionality are seamlessly woven throughout, complementing the estate's natural surroundings. Designed for elevated living and entertaining, the property features an exceptional suite of amenities, including a private cinema, gym, spa, beauty salon, sports bar, ballroom/disco accommodating up to 200 guests, and an Olympic-length infinity pool. A private guest wing and two additional guest houses provide ideal accommodations for extended family and guests. The expansive grounds showcase a regulation-size polo field (approximately 10 acres) with clubhouse, pool house, helicopter hangar with studio lofts, auto gallery, and lush landscaped gardens with streams, ponds, and waterfalls. Recreational features include a 330-yard driving range, putting green, and sand trap, while historic Monarch butterfly habitats gracefully border select outdoor living areas. A rare combination of scale, craftsmanship, and world-class amenities, this magnificent estate stands among the finest private residences ever offered.

J
Joshua Altman
Listing Agent
Condition Rating
Excellent

Built in 2005, this magnificent estate, while 19 years old, presents in virtually new condition due to its world-class construction, meticulous maintenance, and high-end finishes. The kitchen features top-of-the-line Viking appliances, dark granite countertops, and custom cabinetry, all appearing pristine. Bathrooms are opulent with marble, custom painted vanities, and gold-toned fixtures, reflecting exceptional quality and no signs of wear. Throughout the property, luxurious materials like hardwood, marble, and crystal chandeliers are impeccably maintained, indicating no deferred maintenance and meeting the highest current quality standards for a luxury estate.
Pros & Cons

Pros

High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 861617, living area = 32174.
Unparalleled Scale & Luxury Amenities: This estate boasts an extraordinary 32,174 sqft main residence with 12 bedrooms and 25 bathrooms, complemented by an exhaustive suite of world-class amenities including a private cinema, gym, spa, beauty salon, sports bar, ballroom, Olympic-length infinity pool, polo field, helicopter hangar, and auto gallery.
Prestigious Location & Expansive Grounds: Sited on an extremely rare 19-acre lot bordering the highly prestigious city of Montecito, the property offers exceptional privacy, exclusivity, and significant land value in one of the most coveted locations.
Exquisite Neoclassical Design & Craftsmanship: The property is a masterful expression of Neoclassical design, drawing inspiration from refined 18th-century Italian and French villas, showcasing remarkable scale, volume, and high-end architectural detail throughout.
Breathtaking Views & Natural Beauty: The estate offers stunning, breathtaking views of the Pacific Ocean and the Santa Ynez Mountains, enhanced by lush landscaped gardens, streams, ponds, waterfalls, and historic Monarch butterfly habitats.
Comprehensive Guest & Recreational Facilities: Beyond the main residence, the property includes a private guest wing, two additional guest houses, a polo field with clubhouse, pool house, 330-yard driving range, putting green, and sand trap, providing extensive options for hosting and recreation.

Cons

MLS Listing Discrepancy: Living area discrepancy between mls listing and other public or private record. mls listing living area = 32174, other record living area = 21890. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 12, other record bedroom count = 5.
Niche Market & Limited Buyer Pool: With a list price of nearly $70 million and highly specialized amenities, this property caters to an extremely exclusive and limited buyer demographic, potentially extending market time.
Substantial Ongoing Operational Costs: An estate of this immense scale and with such extensive amenities will incur exceptionally high annual expenses for maintenance, utilities, staffing, and property taxes, which could be a significant consideration for even affluent buyers.
Potential for Over-Customization: While impressive, the highly specific nature of some amenities, such as a ballroom accommodating 200 guests or a regulation-size polo field, may not align with every ultra-luxury buyer's personal preferences or lifestyle, potentially limiting broader appeal within the elite market.
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