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1285/1297 E Mountain Drive, MONTECITO, CA 93108, MONTECITO, 93108 - 4 bed, 7 bath

1285/1297 E Mountain Drive, MONTECITO, CA 93108 home-pic-0
ACTIVE$10,950,000$6,533/sqft
Est. Value: $10,950,000
%
FairlyEstimate
1285/1297 E Mountain Drive, MONTECITO, CA 93108
4Beds
7Baths
6,533Sqft
87,555.602Lot

Price Vs. Estimate

The estimated value ($10,950,000) is $0 (0%) lower than the list price ($10,950,000). This property may be overpriced.

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 = 87555, living area = 6533.
Top Cons:
Original Construction Year: Built in 1974, the property may require significant updates to core systems or finishes to align with current luxury market expectations, despite its described contemporary layout.

Compared to the nearby listings

Price:$10.95M vs avg $6.00M (+$4,950,000)83%
Size:6,533 sqft vs avg 2,835 sqft88%
Price/sqft:$1.7K vs avg $1.4K64%

More Insights

Built in 1974 (52 years old).
Condition: Built in 1974, this property is meticulously maintained and boasts a grand scale with stunning views. The main kitchen features high-end, integrated appliances and quality finishes, suggesting a significant update. However, several bathrooms exhibit dated elements such as Hollywood strip lighting and carpeted floors, and the secondary kitchenette is quite basic with older appliances. While functional and move-in ready, many fixtures and finishes throughout the home, including some chandeliers and sconces, reflect a style that is 15-30+ years old, indicating that the property has not undergone a full, extensive renovation within the last 15 years to meet current luxury market expectations. It is well-preserved but shows signs of being outdated in key areas.
Year Built
1974
Close
-
List price
$10.95M
Original List price
-
Price/Sqft
$1,676
HOA
$0
Days on market
-
Sold On
-
MLS number
25-1137
Home ConditionFair
Features
Excellent View:
Patio
View-

About this home

Where dreams take shape, this breathtaking 2± acre estate offers an unrivaled setting with sweeping ocean and mountain views. Designed for both grand entertaining and intimate everyday living, the residence showcases an abundance of natural light, expansive interiors, and seamless indoor-outdoor flow. A thoughtful contemporary layout emphasizes high ceilings, elegant architectural details, and spacious rooms, creating an inviting ambiance. Large windows frame the stunning vistas, allowing the beauty of the surroundings to serve as an ever-changing backdrop. Beyond the residence, meticulously landscaped gardens and sprawling lawns set the stage for serene morning strolls and lively gatherings alike. A picturesque pond, sculpted hedges, and vibrant native plantings enhance the estate's natural beauty, offering a tranquil oasis just moments from fine dining, boutique shopping, and scenic hiking trails. As an added opportunity, the adjoining lot can be developed as a separate parcel, providing endless possibilities for expansion, a guest residence, or the creation of a private compound.

C
Cristal Clarke
Listing Agent
Condition Rating
Fair
Built in 1974, this property is meticulously maintained and boasts a grand scale with stunning views. The main kitchen features high-end, integrated appliances and quality finishes, suggesting a significant update. However, several bathrooms exhibit dated elements such as Hollywood strip lighting and carpeted floors, and the secondary kitchenette is quite basic with older appliances. While functional and move-in ready, many fixtures and finishes throughout the home, including some chandeliers and sconces, reflect a style that is 15-30+ years old, indicating that the property has not undergone a full, extensive renovation within the last 15 years to meet current luxury market expectations. It is well-preserved but shows signs of being outdated in key areas.
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 = 87555, living area = 6533.
Panoramic Ocean & Mountain Views: The estate offers sweeping, unrivaled ocean and mountain vistas from its prestigious Montecito location, enhancing its appeal and value.
Exceptional Development Potential: Includes an adjoining lot that can be developed as a separate parcel, providing unique flexibility for expansion, a guest residence, or creating a private compound.
Luxurious & Spacious Interiors: Boasts 6,533 sqft with a thoughtful contemporary layout, high ceilings, elegant architectural details, abundant natural light, and seamless indoor-outdoor flow.
Expansive, Meticulously Landscaped Grounds: A 2-acre estate featuring sprawling lawns, a picturesque pond, sculpted hedges, and vibrant native plantings, creating a tranquil and beautiful outdoor environment.
Prime Montecito Lifestyle & Amenities: Conveniently located moments from fine dining, boutique shopping, and scenic hiking trails, offering an upscale and accessible lifestyle.

Cons

Original Construction Year: Built in 1974, the property may require significant updates to core systems or finishes to align with current luxury market expectations, despite its described contemporary layout.
Exclusive Price Point: The $10.95 million listing price targets a highly niche market, potentially leading to a longer sales cycle and a limited pool of prospective buyers.
High Maintenance Demands: The extensive 2-acre grounds with elaborate landscaping and a large 6,533 sqft residence imply substantial ongoing maintenance and operational costs for a prospective owner.
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