220 Montecito Ranch Lane, Summerland, CA 93067, Summerland, 93067 - 6 bed, 10 bath
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Summerland, CA 93067
This newly completed 2025 Mediterranean estate is a Strong Value Opportunity, listed at $17,950,000—positioned well below the $19,541,111 Fair Market Value by 8%. This valuation gap provides $1,591,111 in Instant Equity for the discerning buyer. Boasting a Mint Condition Rating, the 8,140 sqft residence features a chef’s kitchen, panoramic ocean and mountain views, and a luminous pool on 5 private acres. Including a separate 2-bedroom ADU, the property balances elite lifestyle perks 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 | $17,950,000* List Price | 6 | 10 | 8,140 | $2,401 | - |
A 220 Montecito Ranch Lane Active | $19,950,000 List Price | 6 | 10 | 8,140 | $2,451 | - |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
This is a newly completed 2025 Mediterranean estate in mint condition. As a brand-new build, all systems (HVAC, electric, plumbing) are state-of-the-art, and the kitchen features high-end luxury finishes like stone and marble. It requires no maintenance and represents the highest tier of modern construction.
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.
Situated in the private Montecito Ranch Estates, this 5-acre property offers rare panoramic ocean and mountain views within an elite enclave of only seven homes.
Completed in 2025, this 8,140 sqft Mediterranean estate features high-end finishes like walnut and marble, a single-level floor plan, and a separate 2-bedroom ADU.
The property was recently sold within the past year on 2025-12-29. The sold price is $12,461,000.00.
With a monthly association fee of $1,176 and high property taxes associated with the $17.95M price point, the ongoing maintenance costs are significant.
While marketed as 'where Montecito meets the sea,' the property is technically in Summerland, which may impact perceived value for buyers strictly seeking a Montecito zip code.
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 | 4.0 | 67% |
| Baths | 10.0 | 5.0 | 67% |
| Square foot | 8,140 | 1,590 | 67% |
| Lot Size | 217,800 | 6,098 | 67% |
| Price | $17.95M | $2.70M | 67% |
| Price per sq ft | $2.2K | $2.2K | 50% |
| Built year | 2025 | 1935 | 67% |
| HOA | $1176 | $0 | 67% |
| Days on market | 36 | 159 | 33% |
May 1, 2026
$17,950,000
Initial Listing
Dec 29, 2025
$12,461,000
Public Record
Jun 30, 2023
$15,000
Public Record