2720 Montecito Ranch Place, SUMMERLAND, CA 93067, SUMMERLAND, 93067 - 4 bed, 7 bath
ACTIVE$22,950,000$6,157/sqft
Est. Value: $22,950,000
%
FairlyEstimate
2720 Montecito Ranch Place, SUMMERLAND, CA 93067
4Beds
7Baths
6,157Sqft
251,776.797Lot
Price Vs. Estimate
The estimated value ($22,950,000) is $0 (0%) lower than the list price ($22,950,000). This property may be overpriced.
Key pros and cons
Top Pros:
High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 251776, living area = 6157.
Top Cons:
Exorbitant Price Point: With a list price of $22,950,000, the property targets an extremely niche market, significantly limiting the pool of potential buyers.
Compared to the nearby listings
Price:$22.95M vs avg $2.52M (+$20,431,386.5)83%
Size:6,157 sqft vs avg 1,562.5 sqft83%
Price/sqft:$3.7K vs avg $1.6K83%
More Insights
Built in 2019 (7 years old).
Condition: Built in 2019, this property is virtually new and showcases high-end, modern construction throughout. The kitchen features dual islands, integrated luxury appliances, and contemporary finishes. Bathrooms are spa-like with freestanding tubs, glass showers, and stylish vanities. All components, including flooring, light fixtures, and overall design, meet current luxury standards with no signs of wear or deferred maintenance.
Year Built
2019
Close
-
List price
$22.95M
Original List price
-
Price/Sqft
$3,727
HOA
$4,707
Days on market
-
Sold On
-
MLS number
25-2214
Home ConditionExcellent
Features
Excellent View:
Pool
Spa
Patio
View-
About this home
Welcome to Montecito Ranch Estates! Nestled in an exclusive gated hamlet, this peaceful coastal escape blends huge ocean/mtn views, refined interiors, effortless indoor-outdoor living and a coveted knolltop location. The single-level home features floor-to-ceiling doors, dual kitchen islands and light-filled living spaces. A spacious primary suite offers garden access, a spa-like bath and an epic closet. Outside, lush gardens, multiple patios, a pool and cabana create a resort-style setting. Designed with privacy and security in mind, and located outside the high-fire zone, from here you are 7 minutes from Montecito's Lower Village, Lucky's and the Coral Casino. This rare combination of luxe construction, breathtaking views and a coveted location, is the trifecta you've been waiting for.
R
Riskin Partners
Listing Agent
Price History
Date
Event
Price
12/24/19
Sold
$8,350,000
Condition Rating
Excellent
Built in 2019, this property is virtually new and showcases high-end, modern construction throughout. The kitchen features dual islands, integrated luxury appliances, and contemporary finishes. Bathrooms are spa-like with freestanding tubs, glass showers, and stylish vanities. All components, including flooring, light fixtures, and overall design, meet current luxury standards with no signs of wear or deferred maintenance.
Pros & Cons
Pros
High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 251776, living area = 6157.
Panoramic Views & Coveted Location: The property boasts huge ocean and mountain views from a coveted knolltop location within an exclusive gated hamlet, offering a peaceful coastal escape just 7 minutes from Montecito's Lower Village and amenities.
Luxury & Modern Construction: Built in 2019, this single-level home features luxe construction, refined interiors, floor-to-ceiling doors, dual kitchen islands, and light-filled living spaces, reflecting contemporary high-end design.
Exceptional Outdoor Amenities: The exterior offers a resort-style setting with lush gardens, multiple patios, a private pool, and a cabana, facilitating effortless indoor-outdoor living and entertaining.
Privacy & Security: Designed with privacy and security in mind, the home is situated within an exclusive gated community, providing an enhanced sense of seclusion and safety.
Fire Zone Safety: A significant advantage in the region, the property is explicitly located outside the high-fire zone, offering peace of mind to potential buyers.
Cons
Exorbitant Price Point: With a list price of $22,950,000, the property targets an extremely niche market, significantly limiting the pool of potential buyers.
High Association Fees: The association fee of $4,707 (likely monthly) represents a substantial ongoing cost of ownership, which could be a deterrent for some buyers.
Steep Price Appreciation: The property's current list price of $22.95M is a significant increase from its 2019 sale price of $8.35M, which might lead some discerning buyers to question its current market valuation or potential for future appreciation.