
MONTECITO, CA 93108
This Grand Mediterranean Estate represents a strategic Value-Add Asset within Montecito’s prestigious Ennisbrook enclave. Offered at a List Price of $5,950,000, the property aligns perfectly with its $5,950,000 Fair Market Value, ensuring a stable acquisition in a high-barrier market. Currently holding a Condition Rating of 4, the 6,028 sqft interior retains original 1989 finishes, offering significant ROI potential through modernization. The 1.68-acre lot features a pool, spa, and lush garden views, providing the scale required for an ultra-luxury transformation. This is a premier opportunity for Luxury Developers or Owner-Occupants seeking forced appreciation.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 284 Gould Lane Subject | $5,950,000* List Price | 4 | 5 | 6,028 | $987 | - |
A 284 Gould Lane Active | $5,950,000 List Price | 4 | 5 | 6,028 | $987 | - |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1989, the property is well-maintained but retains most of its original finishes, which are now dated. The kitchen features 1980s-style tile countertops with wood trim and older appliances, while the bathrooms show period-specific brass fixtures and tile work. It fits the 'fair' criteria as a home built 36 years ago with no evidence of a major recent renovation, despite being in clean, functional condition.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 73180, living area = 6028.
Located in the prestigious Ennisbrook enclave, the property offers 24-hour security and access to premium amenities including tennis courts, a clubhouse, and private trails.
Situated on 1.68 acres of lush gardens, the estate provides rare scale and privacy for Montecito, featuring a separate guest suite and grand architectural proportions.
Built in 1989, the interior finishes and systems may require modern updates to align with contemporary luxury preferences and energy efficiency standards.
The combination of extensive grounds maintenance, pool upkeep, and a $750 monthly association fee results in substantial ongoing operational expenses for the owner.
Tucked behind the gates of Montecito's coveted Ennisbrook community, 284 Gould Lane is a grand Mediterranean residence blending timeless architecture with privacy and scale. Set amid vibrant gardens on 1.68± acres, this expansive estate captures the romance of Santa Barbara's golden age with its classic clay tile roof and wrought iron detailing. A dramatic formal entry introduces the voluminous interiors, where a soaring great room with a stone fireplace and oversized windows offers an elegant focal point for gathering. Just beyond, the formal dining room opens to a sun-drenched terrace, ideal for indoor-outdoor entertaining. The spacious kitchen includes a charming breakfast nook and bar seating, with windows that overlook the beautiful pool and spa, creating a serene backdrop for everyday living. The bedrooms provide generous accommodations, including a primary suite with fireplace, sitting area, and peaceful views. A separate guest suite above the garage, complete with its own entrance and full bath, offers added privacy for visitors or extended stays. Multiple living spaces - including an office and cozy den with a fireplace and a flexible upstairs landing - ensure room for both relaxation and entertaining. Outside, meandering paths wind through colorful plantings, mature trees, and blooming bougainvillea. Multiple patios offer peaceful settings for al fresco dining, while the motor court and three-car garage provide ample parking and storage. Located within the highly desired Ennisbrook enclave, this residence enjoys access to community amenities including tennis courts, pool, clubhouse, scenic trails, and security. An exceptional opportunity to experience the Montecito lifestyle in a gated setting just moments from beaches, shops, and the Upper & Lower Village.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 4.0 | 50% |
| Baths | 5.0 | 4.0 | 51% |
| Square foot | 6,028 | 3,624 | 88% |
| Lot Size | 73,180.797 | 40,075.199 | 86% |
| Price | $5.95M | $5.31M | 57% |
| Price per sq ft | $987 | $1.7K | 24% |
| Built year | 1989 | 1980 | 66% |
| HOA | $750 | $0 | 85% |
| Days on market | 311 | 238 | 71% |
Jun 10, 2025
$5,950,000
Initial Listing