315 Calle Elegante, MONTECITO, CA 93108, MONTECITO, 93108 - 3 bed, 3 bath
Loading property details...
MONTECITO, CA 93108
This Montecito Architectural Sanctuary is listed at $4,750,000, representing a stable investment in a premier zip code near its $4,422,658 Fair Market Value. Boasting a Move-in Ready Condition, the residence features 19-foot soaring ceilings, oak floors, and lush gardens with ocean glimpses. Located in the coveted Cold Spring School District, the property offers rare expansion potential to a 4-bedroom layout, ensuring long-term lifestyle flexibility. This home is an ideal match for a growing family or Owner-Occupants seeking prestige and architectural pedigree.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 315 Calle Elegante Subject | $4,550,000* List Price | 3 | 3 | 2,987 | $1,453 | - |
A 1907 Coyote Circle Sold | $3,295,000 | 3 | 3 | 2,281 | $1,445 | 0.6 mi |
B 725 Ashley Road Active | $5,495,000 List Price | 4 | 4 | 2,820 | $1,949 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1988, the property is over 30 years old. While the home is meticulously maintained and move-in ready with high-quality oak floors and soaring ceilings, the kitchen cabinetry and bathroom tile-work (4x4 white square tiles) are stylistically dated and appear to be original or from a renovation older than 20 years, fitting the criteria for needing cosmetic updates.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 30492, living area = 2987.
Situated on a private cul-de-sac within the highly coveted Cold Spring School District, offering both exclusivity and access to one of the region's most prestigious elementary schools.
The home features impressive 19-foot soaring ceilings and an open-concept floor plan that creates a sense of grand scale and effortless indoor-outdoor flow.
With only 3 bedrooms and 2.5 baths, the current configuration may feel undersized for the $4.75M price point compared to other luxury estates in Montecito.
While the property mentions ocean glimpses, the views are filtered through lush landscaping rather than being expansive or panoramic, which may impact buyer perception of value.
Set on a private cul-de-sac, this 3-bed/2.5-bath Montecito home blends timeless Santa Barbara architecture with dreamy interiors and effortless indoor-outdoor flow. Amazing scale, soaring 19-foot ceilings, sun-lit rooms, stone fireplaces, oak floors, and open living spaces all add form and function. Each bedroom opens to lush gardens, while the primary suite features high ceilings, a spa-like bath, and ample closets. With flexibility to expand, the home offers the potential to become a 4-bedroom residence. Outdoors, a large terrace flows to a grassy yard with ocean glimpses peering through lush landscaping. Earthy and effortlessly luxurious, in the coveted Cold Spring School District.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 0.0 |
| Baths | 3.0 | 0.0 |
| Square foot | 2,987 | - |
| Lot Size | 30,492 | - |
| Price | $4.55M | $4.71M |
| Price per sq ft | $1.5K | $1.5K |
| Built year | 1988 | 0 |
| HOA | $0 | $0 |
| Days on market | 149 | 87 |
May 17, 2026
$4,550,000
$4,750,000
-4% Price Drop
Initial Listing
Mar 24, 2026
$4,750,000
$4,950,000
-4% Price Drop
Initial Listing
Feb 24, 2026
$4,950,000
Initial Listing
Jun 2, 2022
$4,019,000
Public Record
Nov 26, 2001
$1,350,000
Public Record