2720 Montecito Ranch Place, Summerland, CA 93067, Summerland, 93067 - 5 bed, 7 bath

2720 Montecito Ranch Place, Summerland, CA 93067 home-pic-0

2720 Montecito Ranch Place

Summerland, CA 93067

ACTIVE
CONDITION: EXCELLENT
5Beds
7Baths
6,157Sq Ft
251,777Lot Size

Property Price

LIST PRICE$16,995,000
EST. MARKET VALUE
$17,830,059
4% BelowMARKET VALUE

SUMMARY

Analysis of 2720 Montecito Ranch Place, Summerland, CA 93067 reveals a Prime Investment Opportunity with a current list price of $16,995,000—significantly undercutting the $17,830,059 Fair Market Value by 4%. This valuation gap indicates a +$835,059 Instant Equity potential for buyers. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. Located in a high-demand neighborhood within the Summerland Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.

Estimated Market Value

$17,830,059 +$835,059 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Summerland.

Comparable Sales Map

Comparables within 1 miles sold in recently

Address Sold Price BedsBathsSq Ft$/SqftDistance
2720 Montecito Ranch Place
Subject
$16,995,000*
List Price
576,157$2,896-
A
220 Montecito Ranch Lane
Active
$19,950,000
List Price
6108,140$2,4510.1 mi

* Subject property listed price vs sold prices of comps.

Condition Analysis

OVERALL CONDITION SCORE

Excellent
TeardownExcellent

Property is new construction or fully renovated.

Built in 2019, this ultra-luxury estate is well within the 10-year threshold for excellent condition. The property features modern architectural design, high-end finishes, dual kitchen islands, and floor-to-ceiling glass sliders that meet the highest current quality standards with no deferred maintenance.

PROSSTRENGTHS & OPPORTUNITIES

  • 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 = 251777, living area = 6157.

  • Expansive Coastal Estate

    Situated on over 5.7 acres within an exclusive gated enclave, this property offers unparalleled privacy and breathtaking, unobstructed panoramic views of the Pacific Ocean and surrounding mountains.

  • Modern Architectural Design

    Built in 2019, this single-level retreat features sophisticated modern luxury with floor-to-ceiling glass sliders, dual kitchen islands, and high-end finishes that epitomize the seamless indoor-outdoor California lifestyle.

CONSRISKS & DEFICIENCIES

  • MLS Listing Discrepancy

    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.

  • High Carrying Costs

    The property is subject to a substantial association fee of $4,707, which represents a significant recurring overhead cost for the homeowner.

  • Summerland Location

    While offering a Montecito-adjacent lifestyle, the Summerland address may be perceived as slightly less prestigious than a primary Montecito zip code for certain ultra-high-net-worth buyers.

About 2720 Montecito Ranch Place

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.

Property Details

Public Facts

Property Type
Single Family Residence
Year Built
2019
Lot Size
251,777 Sq. Ft.

Interior

Total Bedrooms
5
Total Bathrooms
7 (7 Full, 0 Half)

Exterior & Parking

No exterior & parking available.

Utilities & Misc

HOA Fee
$4707 / Month

Neighborhood Insights

Sensitive Facilities

No sensitive facilities data found.

Neighborhood Comparison

FeatureSubjectAverage HomeNeighborhood Ranking (50 Listings)
Beds5.03.0
80%
Baths7.02.5
90%
Square foot6,1571,383
90%
Lot Size251,7773,702
90%
Price$17.00M$2.36M
90%
Price per sq ft$2.8K$1.7K
90%
Built year20191928
90%
HOA$4707$0
90%
Days on market10226
10%

Pricing History

Listed for Sale

Feb 25, 2026

$16,995,000

Initial Listing

Sold

Dec 24, 2019

$8,350,000

Public Record

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