
MONTECITO, CA 93108
This Modern Mediterranean Villa is a Strong Value Opportunity, listed at $4,995,000—positioned well below the $5,298,426 Fair Market Value by 5%. This valuation gap provides $303,426 in Instant Equity. Boasting a Good Condition Rating, the residence features a gourmet chef's kitchen, panoramic ocean views, and expansive stone loggias on a one-acre lot. Located in the elite Cold Spring School District, this turnkey estate balances architectural elegance with significant financial upside. It is an exceptional acquisition for Luxury Owner-Occupants or Savvy Lifestyle Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 330 E Mountain Drive Subject | $4,995,000* List Price | 3 | 4 | 3,272 | $1,611 | - |
A 191 E Mountain Drive Sold | $5,500,000 | 4 | 4 | 3,359 | $1,637 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 2010, this property fits the 10-20 year age bracket for a 'good' rating. The home is in move-in ready condition with high-end finishes, including a gourmet chef's kitchen featuring Miele and Thermador appliances and industrial-style stainless steel countertops. The primary bathroom has been recently updated with a modern freestanding tub and a glass-free walk-in shower, and the overall property shows exceptional maintenance with no signs of deferred maintenance.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 42689, living area = 3272.
Situated in the prestigious Montecito foothills within the highly-coveted Cold Spring School District, offering both privacy and access to elite educational opportunities.
The residence features expansive stone loggias, a gourmet outdoor BBQ area, and a detached versatile structure, perfectly capturing the quintessential California coastal lifestyle with ocean and hillside vistas.
The hillside setting and winding stone pathways may limit flat, usable yard space and could present accessibility challenges for some residents or guests.
With only three bedrooms at a nearly $5 million price point, the property may not satisfy the requirements of larger families or buyers seeking extensive guest accommodations.
Perched in the foothills of Montecito, this custom-built 2010 Mediterranean villa blends Old World charm with modern luxury. Set behind a gated entrance and a stunning stone pathway with wrought-iron railing, the 3,272 +/- sq. ft. residence gazes across treetops to the Pacific Ocean. Thoughtfully sited for indoor/outdoor living, the home offers three ensuite bedrooms, four bathrooms, and a large two-car attached garage. Through a graceful stone arched entry, the first floor welcomes you into a great room anchored by a gourmet chef's kitchen with top-of-the-line stainless appliances, an extra-large island with breakfast bar, and an open dining/family area with a cozy fireplace. Porcelain tile floors, soaring beamed ceilings, and French doors create seamless flow to covered stone loggias, patios, and a generous outdoor stone BBQ area with two grills and cooktop. Additionally, on the first floor is a full bathroom and a versatile room with fireplace that serves as an ideal office or cozy den. Upstairs, beautiful wood floors lead to three ensuite bedrooms - all complimented with stunning loggia views, and a convenient laundry room with tiled counters and abundant storage. The primary suite features a quaint desk/office nook, fireplace, and a gorgeous updated bath with freestanding tub, glass-free walk-in shower, and tile flooring. The adjacent stone loggia spans bedroom to bath with sweeping ocean and hillside vistas. Two additional en-suites share a spacious loggia; the farthest bedroom includes extra water hookups and direct backyard access - ideal for guest quarters. Outside, winding stone pathways traverse lush native landscaping to a pergola with panoramic views, a stone court with basketball hoop and fire pit, vegetable gardens and a chicken coop, plus a recently finished detached structure adaptable as a gym, sauna or office. Located in the Cold Spring School District, this Montecito foothills villa combines timeless Mediterranean details - stucco façades, terra-cotta tile roof, stone loggias and arched entries - with contemporary finishes and a design that celebrates coastal indoor/outdoor living.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 4.0 | 43% |
| Baths | 4.0 | 5.0 | 47% |
| Square foot | 3,272 | 3,681 | 40% |
| Lot Size | 42,689 | 40,946.398 | 55% |
| Price | $5.00M | $5.30M | 45% |
| Price per sq ft | $1.5K | $1.6K | 47% |
| Built year | 2010 | 1984 | 92% |
| HOA | $0 | $0 | 50% |
| Days on market | 61 | 221 | 2% |
Apr 6, 2026
$4,995,000
Initial Listing