1285 E Mountain Drive, Montecito, CA 93108, Montecito, 93108 - 4 bed, 7 bath
1285 E Mountain Drive
Montecito, CA 93108
Property Price
SUMMARY
Analysis of 1285 E Mountain Drive, Montecito, CA 93108 reveals a Fairly Priced Property with a current list price of $10,950,000 aligned with the estimated $10,950,000 Fair Market Value. This represents a stable investment opportunity at market rate. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Montecito Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Estimated Market Value
Condition Analysis
OVERALL CONDITION SCORE
Property is moderate renovation needed.
Built in 1974, this property is well-maintained but shows significant signs of being outdated in many areas. While the main kitchen features high-end, relatively modern appliances, the cabinet style, backsplash, and overall aesthetic are traditional. Many bedrooms have dated wallpaper and traditional light fixtures. The secondary kitchen and some bathrooms appear quite old and basic. The property would require substantial cosmetic updates to meet current luxury standards, despite its grand scale and excellent upkeep.
PROSSTRENGTHS & OPPORTUNITIES
- 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.
- Unrivaled Views & Location
Situated in prestigious Montecito, the estate offers sweeping ocean and mountain views from a breathtaking 2+/- acre setting, providing an exclusive and picturesque environment.
- Significant Development Potential
The adjoining lot can be developed as a separate parcel, presenting a rare opportunity for expansion, a guest residence, or the creation of a private compound, adding substantial future value.
CONSRISKS & DEFICIENCIES
- Potential for System Updates
Built in 1974, the property may require updates to major systems (e.g., HVAC, electrical, plumbing) to align with modern efficiency standards and luxury expectations, which are not explicitly detailed as recently upgraded.
- Limited Buyer Pool
The ultra-luxury price point of $10.95 million targets a highly specific and limited buyer demographic, which could potentially result in a longer market time.
- Absence of Explicit Modern Amenities
While elegant, the description does not highlight specific high-tech smart home features, dedicated entertainment rooms (e.g., home theater), or resort-style pool/spa facilities often expected in this luxury tier.
About 1285 E Mountain Drive
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.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1974
- Lot Size
- 87,555.602 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 7 (7 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 4.0 | 50% |
| Baths | 7.0 | 5.0 | 84% |
| Square foot | 6,533 | 3,784 | 87% |
| Lot Size | 87,555.602 | 43,560 | 86% |
| Price | $10.95M | $5.49M | 85% |
| Price per sq ft | $1.7K | $1.6K | 52% |
| Built year | 1974 | 1973 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 345 | 239 | 73% |
Pricing History
Listed for Sale
Mar 27, 2025
$10,950,000
Initial Listing