
Montecito, CA 93108
This Mediterranean Villa is a Strong Value Opportunity, listed at $4,995,000—positioned well below the $5,194,867 Fair Market Value by 3%. This valuation gap offers $199,867 in Instant Equity for the buyer. Featuring a Good Condition Rating, the home offers a gourmet chef's kitchen, panoramic ocean views, and a detached flex-space on a nearly one-acre lot. Located in the Cold Spring School District, this property is an ideal acquisition for Owner-Occupants or discerning luxury buyers seeking a turnkey coastal sanctuary.
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 | $1,588 | - |
A 191 E Mountain Drive Sold | $5,500,000 | 4 | 4 | 3,359 | $1,637 | 0.2 mi |
B 191 E Mountain Drive Pending | $5,795,000 List Price | 4 | 4 | 3,359 | $1,725 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 2010, this 14-year-old residence falls within the 10-20 year age bracket for a 'Good' rating. The property is well-maintained and move-in ready, featuring a high-end chef's kitchen and a recently updated primary bathroom with contemporary fixtures and a freestanding tub.
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.
The residence features expansive stone loggias, French doors, and a professional outdoor kitchen that perfectly integrate the interior with panoramic ocean and mountain views.
Built in 2010, this custom villa offers the aesthetic of Old World charm without the maintenance concerns of older estates, featuring high-end finishes like soaring beamed ceilings and a gourmet chef's kitchen.
At a nearly $5 million price point, the three-bedroom configuration may be a constraint for larger families or buyers requiring multiple dedicated guest suites.
The property's foothill location and winding stone pathways suggest a tiered terrain, which may limit the availability of flat, contiguous yard space compared to lower-elevation estates.
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 facades, 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