358 Woodley Road, MONTECITO, CA 93108, MONTECITO, 93108 - 7 bed, 10 bath
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MONTECITO, CA 93108
This Exquisite Montecito Estate is a High-Potential Investment Opportunity, listed at $17,500,000—positioned well below the $20,827,630 Fair Market Value by 15%. This valuation gap offers $3,327,630 in Instant Equity. Boasting an Immaculate Condition Rating, the 8,600-square-foot residence features panoramic ocean views, a pool and spa, and premium Miele appliances. Located in the prestigious Pepper Hill enclave, the property balances timeless architectural pedigree with significant appreciation potential through cosmetic modernization. This is a premier acquisition for Owner-Occupants or Luxury Portfolio Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 358 Woodley Road Subject | $17,500,000* List Price | 7 | 10 | 8,600 | $2,422 | - |
A 633 Parra Grande Lane Sold | $14,500,000 | 7 | 7 | 5,498 | $2,637 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 2003, this estate is in immaculate, move-in-ready condition. It features high-end architectural details such as groined vault ceilings, herringbone wood flooring, and premium Miele kitchen appliances. While the kitchen and bathroom styles—characterized by raised-panel wood cabinetry and specific stone selections—reflect the original construction era rather than a contemporary renovation, the property shows exceptional maintenance with no visible deferred maintenance.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 44431, living area = 8600.
The estate commands unparalleled vistas of the Pacific Ocean, Channel Islands, and Santa Ynez Mountains from one of Pepper Hill's most elevated vantage points.
Situated in the coveted Pepper Hill enclave, the property carries a rich historical legacy, occupying land from the original David Benton Jones estate.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 8600, other record living area = 8236. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 7, other record bedroom count = 6.
The significant square footage and expansive 1.02-acre grounds imply substantial ongoing maintenance, utility, and staffing requirements.
Constructed in 2003, the home may require aesthetic or technological updates to meet the contemporary standards of today's ultra-luxury buyers.
Floating above the Pacific with sweeping ocean-to-island views, this Montecito estate commands one of Pepper Hill's most breathtaking vantage points. Perched atop Montecito's coveted Pepper Hill enclave, this extraordinary estate commands sweeping panoramic views of the Pacific Ocean, Channel Islands, and Santa Ynez Mountains from one of the area's most elevated and private vantage points. Set on approximately 1.02 acres, the ~8,600-square-foot residence offers 7 bedrooms, 8 full baths, and 2 half baths, thoughtfully designed for both grand-scale entertaining and refined everyday living.Rich in history, the property occupies land once part of the original Pepper Hill estate--developed in 1916 by industrialist David Benton Jones and designed by renowned architect David Adler with landsc
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 7.0 | 4.0 | 97% |
| Baths | 10.0 | 4.0 | 99% |
| Square foot | 8,600 | 3,601 | 98% |
| Lot Size | 44,431 | 40,293.1 | 72% |
| Price | $17.50M | $5.31M | 98% |
| Price per sq ft | $2.0K | $1.7K | 70% |
| Built year | 2003 | 1981 | 86% |
| HOA | $214 | $0 | 81% |
| Days on market | 12 | 238 | 1% |
Apr 10, 2026
$17,500,000
Initial Listing