
MONTECITO, CA 93108
This Legacy Montecito Estate is a premier Residential offering listed at $16,500,000, reflecting its position in the elite Hedgerow enclave. While the Fair Market Value is $14,220,069, the premium accounts for the Peter Becker architectural pedigree and a rare two-acre botanical sanctuary. The property holds a Move-in Ready Condition Rating, featuring a Hampton-inspired design, panoramic mountain views, and a resort-style pool. Located near top-rated schools and the Upper Village, this sanctuary is an ideal match for discerning luxury buyers or Owner-Occupants seeking a private, world-class retreat.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 240 Miramar Avenue Subject | $16,500,000* List Price | 7 | 9 | 8,089 | $1,758 | - |
A 184 Tiburon Bay Lane Sold | $12,540,000 | 5 | 7 | 7,364 | $1,703 | 0.5 mi |
B 1567 E Valley Road Active | $17,950,000 List Price | 6 | 8 | 8,372 | $2,144 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is in move-in ready condition with high-end finishes throughout. Although the main residence was completed in 2001 (approximately 25 years ago), it has been meticulously maintained with no visible deferred maintenance. The kitchen features premium appliances, a large butcher-block island, and custom cabinetry, while the bathrooms offer a timeless Cape Cod aesthetic with high-quality pedestal sinks, subway tiling, and glass-enclosed showers. The overall quality of the architectural details, hardwood flooring, and extensive grounds aligns with a well-maintained estate within its expected lifespan.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 82328, living area = 8089.
Situated in the prestigious Hedgerow neighborhood, this nearly two-acre estate is fully gated and enclosed by mature hedges, offering rare seclusion within walking distance of Montecito's Upper Village and the coast.
The park-like grounds feature a private well for landscaping, century-old heirloom roses, and resort-style amenities including a pool, bocce court, and a fully equipped outdoor kitchen.
The expansive botanical gardens, multiple formal fountains, and large-scale residence require significant ongoing staffing and financial investment for proper upkeep.
While timeless, the 2001-era traditional shingle-style interior and layout may require modernization for buyers seeking contemporary open-concept designs or ultra-modern smart home technology.
Nestled in the heart of Montecito, 240 Miramar Avenue is a remarkable legacy property offering exceptional privacy, timeless architecture, and nearly two acres of serene, park-like grounds. Originally the historic farmhouse of the renowned Hedge Row estate, the property is now completely enclosed by mature hedges and fencing, with two private gated entrances creating a rare sense of seclusion just moments from the coast and Upper Village. Designed by acclaimed architect Peter Becker and completed in 2001, the Hampton-inspired shingle residence spans approximately 9,000 square feet and combines classic Cape Cod elegance with California indoor-outdoor living. The home features seven bedrooms (with potential for eight), eight full bathrooms, and six fireplaces, with gracious scale and natural light throughout. The primary suite offers a luxurious retreat with dual bathrooms, expansive walk-in closets, and a spa-like soaking tub, while the main living spaces are thoughtfully designed for both grand entertaining and comfortable everyday living. Formal living and dining rooms, a spacious great room, billiards room, and bar area provide multiple gathering spaces with warmth and sophistication. The grounds are equally impressive -- a botanical sanctuary featuring heirloom rose bushes over a century old, mature specimen trees, fruit trees, and manicured gardens. Outdoor amenities include a sparkling pool, three formal fountains, a lighted bocce court, and a fully equipped outdoor kitchen with barbecue, refrigeration, and dining areas. An outdoor shower and dedicated pet washing station add both charm and practicality. Additional features include a three-car garage, separate she shed, gardener's shed, comprehensive security system, private road access, and a private well supplying the landscape and pool. This extraordinary estate offers a rare combination of history, privacy, and refined living in one of Montecito's most coveted locations.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 7.0 | 4.0 | 97% |
| Baths | 9.0 | 4.0 | 99% |
| Square foot | 8,089 | 3,601 | 97% |
| Lot Size | 82,328.398 | 40,293.1 | 89% |
| Price | $16.50M | $5.31M | 98% |
| Price per sq ft | $2.0K | $1.7K | 72% |
| Built year | 1900 | 1980 | 2% |
| HOA | $0 | $0 | 50% |
| Days on market | 56 | 238 | 2% |
Feb 25, 2026
$16,500,000
Initial Listing