510 Mclean Lane, Montecito, CA 93108, Montecito, 93108 - 3 bed, 5 bath

510 Mclean Lane, Montecito, CA 93108 home-pic-0
ACTIVE$7,750,000$5,022/sqft
Est. Value: $7,750,000
%
FairlyEstimate
510 Mclean Lane, Montecito, CA 93108
3Beds
5Baths
5,022Sqft
38,768Lot

Price Vs. Estimate

The estimated value ($7,750,000) is $0 (0%) lower than the list price ($7,750,000). 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 = 38768, living area = 5022.
Top Cons:
Specific Interior Design Elements: The kitchen's hand-stenciled cabinetry, whimsical chandelier, and custom range hood mural may appeal to a specific taste, potentially requiring updates for buyers preferring a more contemporary aesthetic.

Compared to the nearby listings

Price:$7.75M vs avg $6.00M (+$1,750,000)69%
Size:5,022 sqft vs avg 2,835 sqft81%
Price/sqft:$1.5K vs avg $1.4K55%

More Insights

Built in 1988 (38 years old).
Condition: Built in 1988, this luxurious estate is exceptionally well-maintained with beautiful grounds and 'Old-World sophistication.' However, the main house's kitchen features hand-stenciled cabinetry, a whimsical chandelier, and a mix of appliances, while the primary bathroom showcases Italian marble and gold-toned fixtures with carpeted areas. These elements, though high-quality, reflect a dated aesthetic that would likely require significant updates for buyers seeking a modern style. The guest cottage appears more recently updated, but the main residence's key areas show signs of being outdated, aligning with the 'fair' category's description of functional but stylistically aged components requiring minor updates.
Year Built
1988
Close
-
List price
$7.75M
Original List price
-
Price/Sqft
$1,543
HOA
$870
Days on market
-
Sold On
-
MLS number
25574985
Home ConditionFair
Features
Excellent View:
Patio
View-

About this home

Tucked within the guarded gates of Montecito's prestigious Birnam Wood enclave, this timeless residence enjoys one of the community's most desirable locationsjust moments from the Birnam Wood Golf Club and surrounded by natural beauty. A separate one-bedroom, one-bath guest cottage with its own entrance offers private accommodations for visitors or extended family, complementing the main residence with comfort and versatility. The home's grounds evoke the charm of an English garden, with mature oaks, blooming roses, fruit trees, trimmed hedges, and other flora. Multiple seating areas create a serene, park-like ambiance, while sweeping views of the lake and Santa Ynez Mountains provide a dramatic backdrop. Classic details such as beautiful crown molding and luxuriously stained wood paneling create an air of Old-World sophistication within the residence. The living room features a cathedral ceiling, custom built-ins, and rich wood tones, while an adjoining enclosed porch bathes in sunlight and overlooks the golf course and its lake. A companion formal sitting room offers the same captivating views. The dramatic dining room invites formal repasts with its soaring ceiling, exquisite fabric-lined walls, a statement chandelier, and floor-to-ceiling windows. French doors open to a garden-view terrace. Nearby, the kitchen blends charisma and functionality with hand-stenciled cabinetry and a combination prep-and-serve island perfect for casual meals and relaxed conversation with the chef. A whimsical chandelier and custom range hood mural add a touch of personality, while large windows invite natural light and garden views. A large office provides a quiet retreat with its fireplace, built-in bookshelves, and cathedral ceilingan ideal space for working from home or enjoying privacy. The grand primary suite, a peaceful sanctuary, hosts French doors opening to the gardens, an exceptionally spacious closet, and a lavish bathroom with a large soaking tub swathed in Italian marble. The suite's built-in desk adds function and flexibility, creating a quiet space for reading or reflection. A spacious three-car garage adds convenience. This distinctive property pairs gracious indoor living with extraordinary outdoor spaces in one of Montecito's most exclusive enclaves, all while convenient to the singular amenities this special community offers.

C
Cristal Clarke
Listing Agent
Condition Rating
Fair

Built in 1988, this luxurious estate is exceptionally well-maintained with beautiful grounds and 'Old-World sophistication.' However, the main house's kitchen features hand-stenciled cabinetry, a whimsical chandelier, and a mix of appliances, while the primary bathroom showcases Italian marble and gold-toned fixtures with carpeted areas. These elements, though high-quality, reflect a dated aesthetic that would likely require significant updates for buyers seeking a modern style. The guest cottage appears more recently updated, but the main residence's key areas show signs of being outdated, aligning with the 'fair' category's description of functional but stylistically aged components requiring minor 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 = 38768, living area = 5022.
Exclusive Location & Community: Situated within the guarded gates of Montecito's prestigious Birnam Wood enclave, the property offers a highly desirable location, moments from the Birnam Wood Golf Club and its amenities.
Separate Guest Accommodations: A dedicated one-bedroom, one-bath guest cottage with its own entrance provides private and versatile accommodations for visitors or extended family.
Exceptional Outdoor Spaces & Views: The property boasts enchanting English gardens with mature flora, multiple serene seating areas, and sweeping views of the lake, Santa Ynez Mountains, and golf course.
Timeless & Sophisticated Interior Design: The residence features classic details such as beautiful crown molding, luxurious stained wood paneling, cathedral ceilings, and custom built-ins, creating an air of Old-World sophistication.
Luxurious Primary Suite & Functional Spaces: The grand primary suite offers a peaceful sanctuary with garden access, an exceptionally spacious closet, a lavish Italian marble bathroom, and a large office with a fireplace and built-in bookshelves.

Cons

Specific Interior Design Elements: The kitchen's hand-stenciled cabinetry, whimsical chandelier, and custom range hood mural may appeal to a specific taste, potentially requiring updates for buyers preferring a more contemporary aesthetic.
High Monthly Association Fee: A significant monthly association fee of $870 adds to the ongoing cost of ownership, which could be a consideration for potential buyers.
Potential for System Updates: Built in 1988, while well-maintained, the property may require updates to certain systems (e.g., HVAC, plumbing, electrical) to meet modern energy efficiency standards or buyer preferences, as no recent major system upgrades are explicitly mentioned.
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