
Montecito, CA 93108
This Luxury Montecito Estate is a High-Potential Investment Opportunity, listed at $14,250,000—positioned above the $13,375,718 Fair Market Value. While the property commands a premium, its Condition Rating of 2 reflects an immaculate, high-end renovation featuring reclaimed 300-year-old beams and custom millwork. The expansive 1.49-acre lot offers significant utility, including a converted barn and approved plans for a pool and cabana. This residence provides a rare blend of privacy and Upper Village convenience, making it an ideal acquisition for Discerning Homeowners or Luxury Lifestyle Seekers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1567 E Valley Road Subject 6 bd · 8 ba · 8,372 sqft · $1,598 | $14,250,000* List Price | 6 | 8 | 8,372 | $1,598 | - |
A 1465 E Mountain Drive Sold 5 bd · 7 ba · 7,071 sqft · $1,768 · 0.8 mi | $12,500,000 | 5 | 7 | 7,071 | $1,768 | 0.8 mi |
B 1567 E Valley Road Active 6 bd · 8 ba · 8,372 sqft · $2,144 · 0.0 mi | $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.
Despite being built in 1991, the estate shows signs of a recent high-end luxury renovation. The kitchen features modern cabinetry and countertops paired with reclaimed beams, and the interior spaces, including the grand marble staircase, are in mint, immaculate 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 = 8372.
Situated in the highly coveted Upper Village, this gated 1.49-acre estate offers a rare blend of privacy and immediate proximity to world-class amenities.
The residence showcases superior craftsmanship with a stone exterior, slate rooflines, and authentic hand-hewn beams reclaimed from a 300-year-old European barn.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 8372, other record living area = 6919.
The property has experienced over 200 days on market and four significant price reductions from its original $16.25M list price, which may impact buyer perception of value.
At a $14.25M price point, the lack of a finished pool and cabana is a notable omission, requiring the buyer to undertake the cost and time of construction despite existing plans.
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 | $14.25M | $7.20M |
| Price per sq ft | $1.7K | $868 |
| Built year | 1991 | 2009 |
| HOA | $0 | $0 |
| Days on market | 229 | 119 |
Sep 29, 2026
$14,250,000
$15,150,000
-6% Price Drop
Initial Listing
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