2720 Montecito Ranch Place, Summerland, CA 93067, Summerland, 93067 - 5 bed, 7 bath
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Summerland, CA 93067
This Modern Coastal Estate is a Prime Investment Opportunity, listed at $16,995,000—positioned well below the $17,830,060 Fair Market Value by 4%. This valuation gap offers $835,060 in Instant Equity for buyers. Built in 2019, the residence maintains an Excellent Condition Rating, featuring panoramic ocean and mountain views, a resort-style pool, and a separate guest house on 5.7 private acres. Located minutes from Montecito’s Lower Village, it combines turnkey luxury with immediate financial upside. This is an ideal 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 |
|---|---|---|---|---|---|---|
★ 2720 Montecito Ranch Place Subject | $16,995,000* List Price | 5 | 7 | 6,157 | $2,896 | - |
A 220 Montecito Ranch Lane Active | $19,950,000 List Price | 6 | 10 | 8,140 | $2,451 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Built in 2019, this property is well within the 10-year threshold for an excellent rating. The home features high-end modern luxury finishes, including a kitchen with dual islands and premium appliances, floor-to-ceiling sliding glass doors, and spa-inspired bathrooms. All components appear virtually new, meeting current architectural and quality standards with no deferred maintenance.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 251777, living area = 6157.
Situated on over 5.7 acres within an exclusive gated enclave, the property offers rare scale and privacy with ample room for additional amenities like pickleball and bocce courts.
Built in 2019, this contemporary retreat features a seamless indoor-outdoor flow, high-end finishes, and a functional single-story layout that meets the highest standards of modern coastal living.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 6157, other record living area = 5559. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 5, other record bedroom count = 4.
The property carries a significant association fee of $4,707, which represents a high recurring carrying cost compared to other luxury estates in the region.
With a listing price nearly double its 2019 sale price of $8.35M, the property may face scrutiny regarding market valuation and appraisal justification in the current climate.
Discover an extraordinary opportunity at Montecito Ranch Estates, an exclusive gated enclave offering unparalleled privacy and serenity. Perched on over 5.7 acres, this single-level coastal retreat captures sweeping ocean and mountain vistas that stretch toward the horizon, delivering the quintessential Montecito lifestyle. Bathed in natural light, the refined interiors showcase seamless indoor-outdoor flow through floor-to-ceiling sliding doors, dual kitchen islands for effortless entertaining, and meticulously selected high-end fixtures and finishes throughout. The generous primary suite is a private sanctuary, featuring direct garden access, a luxurious spa-inspired bathroom, and an expansive walk-in closet designed for effortless elegance. Step outside to your own resort-style oasis: lush, landscaped gardens, multiple al fresco patios, a sparkling pool and a vast grassy lawn that gazes out over the Pacific. A separate guest house with its own bathroom provides ideal accommodations for visitors or extended family. Thoughtfully designed with security and tranquility in mind, this exceptional property places you just 7 minutes from the charm of Montecito's Lower Village, world-class dining at Lucky's, and the prestigious Coral Casino. Where breathtaking panoramic views meet sophisticated modern luxury and prime location, this rare offering represents the coastal Montecito dream you've been seeking. Room for pickleball and bocce ball courts.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 3.0 | 78% |
| Baths | 7.0 | 3.0 | 89% |
| Square foot | 6,157 | 1,590 | 89% |
| Lot Size | 251,777 | 6,098 | 89% |
| Price | $17.00M | $2.67M | 89% |
| Price per sq ft | $2.8K | $1.7K | 89% |
| Built year | 2019 | 1935 | 89% |
| HOA | $4707 | $0 | 89% |
| Days on market | 56 | 273 | 11% |
Feb 25, 2026
$16,995,000
Initial Listing
Dec 24, 2019
$8,350,000
Public Record