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2899 Hidden Valley Lane, Montecito, CA 93108, Montecito, 93108 - 4 bed, 5 bath

2899 Hidden Valley Lane, Montecito, CA 93108 home-pic-0
ACTIVE$3,995,000$4,018/sqft
Est. Value: $3,995,000
%
FairlyEstimate
2899 Hidden Valley Lane, Montecito, CA 93108
4Beds
5Baths
4,018Sqft
41,382Lot

Price Vs. Estimate

The estimated value ($3,995,000) is $0 (0%) lower than the list price ($3,995,000). 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 = 41382, living area = 4018.
Top Cons:
Original Kitchen May Require Modernization: The 'charming original ocean view kitchen' with a 'classic layout' suggests it may not align with current luxury kitchen trends and could benefit from an update.

Compared to the nearby listings

Price:$4.00M vs avg $6.00M ($-2,005,000)33%
Size:4,018 sqft vs avg 2,835 sqft62%
Price/sqft:$994 vs avg $1.4K39%

More Insights

Built in 1996 (30 years old).
Condition: This custom-built 1996 estate boasts grand architecture and well-maintained original features like wide plank Douglas fir floors and classic iron fixtures, giving it a timeless appeal. However, the main kitchen is explicitly described as 'charming original' and visually confirmed to be significantly outdated with tiled countertops and older appliances. Similarly, the primary bathroom features dated tiled countertops and fixtures. While the overall structure and main living areas are in good condition, these critical areas require substantial modernization to meet current luxury standards. The property's age (28 years) also suggests that major systems may be nearing the end of their expected lifespan, aligning with the 'Fair' category's description of a home that is aged but maintained, with functional but outdated major components requiring updates.
Year Built
1996
Close
-
List price
$4M
Original List price
-
Price/Sqft
$994
HOA
$0
Days on market
-
Sold On
-
MLS number
25564661
Home ConditionFair
Features
Excellent View:
Patio
View-

About this home

Elegance meets tranquility at this stunning Palladian style estate in Montecito. Custom built by craftsmen in 1996 to last for centuries, the architectural elements add character and offer timeless appeal. Spanning an impressive 4,018 square feet with 4 bedroom/5 baths, this unique Italianesque residence showcases picturesque ocean views and peaceful mountain vistas.Step inside to discover interiors adorned with original iron fixtures, classic lighting and wide plank authentic Douglas fir floorsall showcasing a rich patina that adds timeless character. The main floor has a historic cruciform layout with two companion fireplaces at each end anchoring the great room and adjacent oversized dining room, creating a warm and ambient atmosphere for gatherings and setting the tone for a grand retreat. An impressive wrought iron chandelier adorns the soaring vaulted ceilings in the center. A formal power room greets you upon entering the home. The charming original ocean view kitchen has a classic layout with a traditional center table with easy flow to the dining and great rooms.On the primary wing you will find the oversized private suite with high vaulted ceilings with cozy fireplace. There is no shortage of closets and a spacious spa like bathroom. Two additional well appointed guest rooms with en suite bathrooms also reside on the main level.The expansive back terrace offers an ideal setting for al fresco dining and relaxation where you can soak in the stunning ocean and mountain views while enjoying the gentle coastal breeze. Or escape to the cozy glass window enclosed conservatory off the living room to connect with nature, meditate or relax with a book.The lower level retreat offers an oversized private apartment with a well-equipped kitchen and family roomperfect for extended family or accommodating guests. The separate entrance ensures that visitors can enjoy their stay without intruding on the main living spaces.As you explore the nearly one acre grounds, you'll be captivated by the vast gardens that surround the estate with plenty of room to expand on the existing landscaping or add a pool or ADU.This property embodies a traditional legacy estate compound offering incredible upside potential and the relaxed Montecito lifestyleperfect for those who appreciate the harmony of luxury and nature. Experience the best of both worlds in this serene and sophisticated haven.

R
Randy Haden
Listing Agent

Price History

Date
Event
Price
11/22/93
Sold
$250,000
Condition Rating
Fair
This custom-built 1996 estate boasts grand architecture and well-maintained original features like wide plank Douglas fir floors and classic iron fixtures, giving it a timeless appeal. However, the main kitchen is explicitly described as 'charming original' and visually confirmed to be significantly outdated with tiled countertops and older appliances. Similarly, the primary bathroom features dated tiled countertops and fixtures. While the overall structure and main living areas are in good condition, these critical areas require substantial modernization to meet current luxury standards. The property's age (28 years) also suggests that major systems may be nearing the end of their expected lifespan, aligning with the 'Fair' category's description of a home that is aged but maintained, with functional but outdated major components requiring updates.
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 = 41382, living area = 4018.
Architectural Grandeur & Timeless Design: Custom-built Palladian style estate with enduring craftsmanship, original iron fixtures, and wide plank Douglas fir floors, offering timeless character.
Breathtaking Ocean & Mountain Views: Enjoys picturesque ocean views and peaceful mountain vistas, providing a serene and scenic backdrop from multiple vantage points.
Dedicated Guest/Multi-Generational Apartment: Features a private, oversized lower-level apartment with a kitchen and separate entrance, ideal for extended family or guests.
Significant Lot Size & Expansion Potential: Nearly one acre of grounds offers ample space for landscaping enhancements, adding a pool, or constructing an Accessory Dwelling Unit (ADU).
Luxurious Interior Details & Ambiance: Interiors boast high vaulted ceilings, impressive wrought iron chandeliers, multiple fireplaces, and a glass-enclosed conservatory, creating a grand and inviting atmosphere.

Cons

Original Kitchen May Require Modernization: The 'charming original ocean view kitchen' with a 'classic layout' suggests it may not align with current luxury kitchen trends and could benefit from an update.
Potential for System Updates Due to Age: As a 1996 build, some major systems (e.g., HVAC, plumbing, electrical) may be original and could require future maintenance or replacement to meet modern standards.
High Maintenance for Extensive Gardens: The 'vast gardens' on nearly an acre, while beautiful, imply substantial ongoing maintenance and landscaping costs, which may not suit all buyers.
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