220 Montecito Ranch Lane, Summerland, CA 93067, Summerland, 93067 - 6 bed, 10 bath
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Summerland, CA 93067
This Newly Completed Mediterranean Estate is a Strong Value Opportunity, listed at $19,950,000—positioned well below the $21,562,490 Fair Market Value by 7%. This valuation gap provides $1,612,490 in Instant Equity for the discerning buyer. Boasting a Pristine Condition Rating, the 8,140 sqft residence features panoramic ocean and mountain views, a chef's kitchen, and a luminous pool on 5 private acres. With a separate 2-bedroom ADU, it balances ultimate luxury with significant financial upside. This is an unparalleled acquisition for Luxury Owner-Occupants or High-Net-Worth Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 220 Montecito Ranch Lane Subject | $19,950,000* List Price | 6 | 10 | 8,140 | $2,649 | - |
A 2720 Montecito Ranch Place Active | $16,995,000 List Price | 5 | 7 | 6,157 | $2,760 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
This is a newly completed (2025) ultra-luxury Mediterranean estate featuring high-end finishes like walnut, stone, and marble. The property is in pristine condition with a modern chef's kitchen, designer fixtures, premium hardwood flooring, and state-of-the-art systems throughout, meeting the highest current quality standards.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 217800, living area = 8140.
Completed in 2025, this Mediterranean estate features premium finishes like walnut, stone, and marble across a sprawling 8,140 sqft single-level floor plan.
Set on 5 acres within an exclusive 7-home enclave, the property offers rare, unobstructed panoramic views of both the ocean and the mountains.
The property was recently sold within the past year on 2025-12-29. The sold price is $12,461,000.00.
The $1,176 association fee combined with high property taxes on a $19.95M listing creates a significant monthly financial obligation for the owner.
The ultra-premium price point and secluded nature of the small enclave may result in a limited buyer pool and a potentially longer period on the market.
Where Montecito meets the sea, this newly completed 5-acre Mediterranean estate invites you to live the California dream. Located in Montecito Ranch Estates -- a private enclave of just 7 homes w panoramic ocean & mountain views -- the single-level floor plan effortlessly flows btwn refined interiors & expansive outdoor spaces designed for both intimate living and grand entertaining. The residence unfolds across airy living areas featuring a chef's kitchen, 4BD suites, a 2BD ADU & pool cabana, where luxury finishes -- walnut, stone & marble -- elevate everyday living. Outside, a luminous pool, ocean-facing terraces & manicured gardens embrace the sweeping coastline views & natural beauty beyond. Moments from Summerland, the Rosewood Miramar, & Polo Fields, this is the benchmark for luxury living.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 6.0 | 3.0 | 89% |
| Baths | 10.0 | 3.0 | 89% |
| Square foot | 8,140 | 1,590 | 89% |
| Lot Size | 217,800 | 6,098 | 89% |
| Price | $19.95M | $2.67M | 89% |
| Price per sq ft | $2.5K | $1.7K | 78% |
| Built year | 2025 | 1935 | 89% |
| HOA | $1176 | $0 | 89% |
| Days on market | 76 | 273 | 11% |
Feb 5, 2026
$19,950,000
Initial Listing
Dec 29, 2025
$12,461,000
Public Record
Jun 30, 2023
$15,000
Public Record