
Montecito, CA 93108
This Stunning Move-In Ready Estate is listed at $15,150,000, reflecting a stable valuation aligned with its $15,150,000 Fair Market Value. Featuring a Top-Tier Condition Rating, the residence offers a sophisticated lifestyle with reclaimed 300-year-old barn beams, custom millwork, and panoramic ocean and mountain views. While the property currently lacks a pool, the 1.49-acre lot includes approved plans for future expansion, ensuring long-term value growth. This refined sanctuary is the perfect fit for discerning luxury buyers or high-net-worth owner-occupants seeking a private, turnkey Montecito retreat.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1567 E Valley Road Subject | $15,150,000* List Price | 6 | 8 | 8,372 | $1,750 | - |
A 1465 E Mountain Drive Sold | $12,500,000 | 5 | 7 | 7,071 | $1,768 | 0.8 mi |
B 1567 E Valley Road Active | $17,950,000 List Price | 6 | 8 | 8,372 | $2,144 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
While originally built in 1991, the property shows evidence of a comprehensive high-end renovation within the last 5 years, supported by a significant price jump in sales history (2019-2021). Interior images reveal a mint-condition modern bathroom with contemporary soaking tub and brass fixtures, updated millwork, and a secondary kitchen, indicating all systems and finishes are in top-tier, move-in ready condition.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 64904, living area = 6919.
Situated in the highly coveted Upper Village, this gated 1.49-acre estate offers a rare combination of secluded privacy and convenient access to world-class dining and shopping.
The residence features superior craftsmanship, including a stone exterior, slate roofing, and authentic 300-year-old reclaimed European barn beams that provide timeless character and warmth.
With 134 days on market and a history of multiple price reductions from the original $16.25M ask, the property may face buyer scrutiny regarding its current market valuation.
At a $15M+ price point, the lack of an existing pool and cabana—currently only in the 'proposed plans' stage—requires the buyer to undertake the cost and time of future construction.
In Montecito's Upper Village, return to your own private fairytale estate. Tucked along a charming lane in a coveted location, the property offers a rare balance of convenience & thoughtful spaces. The residence is distinguished by its stone exterior, slate rooflines, soaring cathedral ceilings, custom millwork, & multiple romantic fireplaces. In the kitchen, hand-hewn beams reclaimed from a 300-year-old European barn bring warmth & quiet character. 5 bedroom suites are thoughtfully arranged on one level, while a top-floor media lounge with full kitchen & bath creates an ideal retreat for guests or relaxed entertaining. Across approximately 1.49 gated acres, the grounds unfold with mature elm trees, expansive lawns, a converted barn, bocce court, & proposed plans for a pool & cabana.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 6.0 | 6.0 |
| Baths | 8.0 | 9.0 |
| Square foot | 8,372 | 8,292 |
| Lot Size | 64,904 | 98,010 |
| Price | $15.15M | $7.20M |
| Price per sq ft | $1.8K | $868 |
| Built year | 1991 | 2009 |
| HOA | $0 | $0 |
| Days on market | 184 | 119 |
Jul 21, 2026
$15,150,000
$15,900,000
-5% Price Drop
Initial Listing
May 20, 2026
$15,900,000
$16,250,000
-2% Price Drop
Initial Listing
Mar 9, 2026
$16,250,000
Initial Listing
Jul 28, 2021
$12,200,000
Public Record
Oct 31, 2019
$4,757,000
Public Record